Report Description:
The recent market intelligence report,
published by Data Insights Partner on the functional apparel market makes an
offering of in-depth analysis of and sub-segments in both the regional and
international market. The research also emphasizes on the impact of drivers,
restraints and macro indicators on the regional and global functional apparel market
over the short as well as long period of time. The report also includes the benefits
and market opportunities presented in this field. Beside this, a detailed
presentation of forecast, trends, and dollar values of the global market is
offered too. In accordance with the report, the functional apparel market is
projected to expand at a CAGR of 7.7% over the period of forecast period of
2020-2028.
Market Insights, Drivers, Restraints and Opportunities:
Functional apparel consists of several types of clothing
and footwears that are ideally designed to provide unique properties such as
crease-free, durability, flexibility, easy care, fast drying etc., to its users
above the usually offered basic functions. These apparels are also used as a
safeguard from extreme environmental conditions during outdoor sporting and
adventurous activities. Additionally, it offers a certain amount of protection
from hazards at the workplaces such as medical and chemical laboratory where
various medical and chemical testing is carried out.
Rising awareness over healthy and
better lifestyle has increased the demand for sportswear which in turn has
played a main role in support of the growth of the global functional apparel
market. In addition, a rise in the number of sporting and other adventurous and
outdoor activities like trekking, cycling, hiking etc. is adding fuel to the
growth of the said market. Increasing demand for functional apparels and
footwears along with the rising participation rate of young and middle-aged
population in various sports and outdoor activities are some of the key factors
expected to drive growth of this market. Growing population and rapid
urbanisation is also helping the growth of functional apparel market. Beside
this, increase in R&D activities to make new and better product is another
factor fuelling the demand for this market. The modern technology used in these
products and the easy-to handle and other unique properties are also
responsible for the rapid growth of functional apparel market.
The functional
apparel market has a huge potential.
Though it is expanding very fast day by day, many things are preventing it from
using its full potential. Some of these restraints are–
§
High cost of the raw materials, R&D
activities.
§
High transportation and exportation cost.
§
High cost of the end product.
§
Availability of other substitutes in lower
prices.
§
Unavailability in many regions.
§
Time consuming production procedure.
§
Lack of awareness about the availability and
benefits of the functional apparels in the developing countries.
During the forecast
period, North America followed by Asia Pacific and Europe are expected to be
the fastest-growing fire rated glass market. The demand for functional apparel in
the North American region is driven by its ever-growing usage
in the sports and other sectors and the increasing foreign investments in the
said market. The rising concerns over healthy and better lifestyles, better
physical appearance and participation in sports sector is helping the growth of
the said market in this region. The rapid economic growth, increase in disposable income and growing
population in the said region is expected to fuel high demand for these products.
It is also believed that on the basis of application, the sportswear segment
will have the largest share because of its durability, flexibility and
easy-to-handle properties and availability in various types in the forecast
period. For its high demand, low prices, high efficiency and other properties, market
for women’s functional apparel sector is also expected to rise significantly in
the said time.
Segmentation of Functional Apparel
Market:
This market intelligence report on the
functional apparel market is segmented based on product type, fabric material,
product form, application, end usage, end users, distributional channel and the
country/regions.
By Product Type, the functional
apparel market is divided into–
§ Sportswear
§ Activewear
§ Protective Clothing
§ Innerwear
o Athletic
o Non-athletic
§ Footwear
o Athletic
o Non-athletic
§ Socks
o Athletic
o Non-athletic
§ Swimwear
o Athletic
o Non-athletic
§ Others
By Fabric
Material, the functional apparel market is segmented
into–
§ Conventional Fabric
o Polypropylenes
o Cotton
o Bamboo
o Wool
o Polyester
o Others
§ Speciality Fabric
o Neoprene
o Spandex
§ Others
By Product
Form, the functional apparel market is divided into–
§ Water Resistant
§ Anti-microbial
§ Wicking
§ Stain Resistant
§ Others
By Application,
the functional apparel market is divided into–
§ Professional Athletic
§ Armature Athletic
§ Others
By End
Usage, the functional apparel market is segmented into–
§ Personal
§ Commercial
By End Users,
the functional apparel market is divided into–
§ Women
§ Men
§ Others
By Distribution
Channel, the functional apparel market is segregated into–
§ Hypermarkets and Supermarkets
§ Online
§ Others
By Regional Outlook, the functional
apparel market is divided into–
§ North America (United States,
Canada)
§ Latin America (Brazil, Mexico,
Argentina and other countries)
§ Europe (United Kingdom, France,
Germany, Spain, Italy, Russia, Turkey, Netherlands and other countries)
§ Asia Pacific (Japan, China, India,
South Korea, Singapore, Indonesia, Thailand, Malaysia, Australia, New Zealand
and other countries)
§ Middle East and Africa (GCC,
South Africa, Israel, Arabia, Egypt and other countries)
Profiling of Market Players:
This business intelligence report
offers profiling of reputed companies that are operating in the market.
Companies such as
§ Adidas
§ Nike
§ Under Armor
§ Puma
§ Reebok
§ PVH Corp
§ Jockey International
§ Ralph Lauren
§ Amer Sports
§ Hugo Boss
§ Russell Brands
§ Asics Corporation
§ 361Aprt
§ Gap
Other players have been profiled into
detail so as to offer a glimpse of the market leaders. Moreover, parameters
such as functional apparel market related investment and
spending and developments by major players of the market are tracked in this
global report.
Market Competitive
Analysis:
Key
players are adopting strategies such as investing in R&D, new product
launches, expansion in distribution channels to stand out as strong competitors
in the market. Functional apparel market is a competitive market with the
presence of various global and regional players in the market. The major
players like Nike, Puma,
Reebok, Adidas, Jockey International, Russell Brands, Ralph Lauren, Under Armor
etc.
are trying to gain the market power in their hands by producing the products in
low costs and thus charging low prices and using different kind of marketing
campaigns.
Report
Highlights:
An in-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into
consideration. Various analytical tools such as market data analysis, time
series and cross section statistical data analysis has been used in this report
to present a clear picture of the market. The study focuses on the present
market trends and provides market forecast from the year 2020-2028. Emerging
trends that would shape the market demand in the years to come have been
highlighted in this report. A competitive analysis in each of the geographical
segments gives an insight into market share of the global players.
Salient
Features:
Ø This
study offers comprehensive yet detailed analysis of functional
apparel market, size of the market
(US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2020-2028, taking into account 2019 as the base year.
Ø It explains upcoming revenue opportunities across various market
segments and attractive matrix of investment proposition for the said market.
Ø This market intelligence report on functional apparel market also offers pivotal insights about various market opportunities, restraints,
drivers, launch of new products, competitive market strategies of leading
market players, emerging market trends, and regional outlook.
Ø Profiling of key market players in the market of functional
apparel is done by taking into account
various parameters such as company strategies, distribution strategies, product
portfolio, financial performance, key developments, geographical presence, and
company overview.
Ø The data of this report would allow management authorities and marketers
of functional
apparel companies alike to take
informed decision when it comes to launch of products, government initiatives,
marketing tactics and expansion, and technical up gradation.
Ø The research on the world market for functional apparel market caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for the
market. The research also caters to the rising needs of consulting and research
firms, financial analysts, and new market entrants.
Ø Research methodologies that have been adopted for the purpose of this
study have been clearly elaborated so as to facilitate better understanding of
the reports.
Ø Reports have been made based on the guidelines as mandated by General
Data Protection Regulation.
Ø Ample number of examples and case studies has been taken into
consideration before coming to a conclusion.
Reasons
to Buy:
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v
Comprehensive details on micro
and macro factors that will drive or restrain the growth of market players.
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of the competitors to gain maximum benefits.
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Deep Sector-Specific
Intelligence.
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invest in your company or identify the companies to invest in by analysing market
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Identify and attract potential
customers by analysing consumer behaviour for every region.
v
Highlights of the competitive
landscape.