Functional Apparel Market Size, Share & Trends Analysis Report By Product (Sportswear, Active Wear), By Application, By Distribution Channel, And Segment Forecasts, 2019 - 2025

Report Overview

The global functional apparel market size was valued at USD 284.2 billion in 2018. The global industry is driven by increasing demand for performance boosting apparel and protective clothing to protect individuals from sun, rain, wind, and snow. Moreover, growing health awareness among individuals and rising inclination towards performing workout activities, which help to fight against various diseases, are expected to boost the market growth.

Functional work apparel is also gaining importance in the global market due to technological advancements and its ability to help people increase performance. Changing lifestyles of people and growing inclination towards usage of activewear in daily life are also projected to push the overall demand for functional apparel over the next few years.

Growing disposable income, urbanization, and the introduction of technically advanced products in developing countries, including India, China, and Bangladesh, are also expected to drive the global demand for functional apparel. Also, the propelling shift of the rural population to the urban areas in the aforementioned countries is anticipated to increase the utility of functional apparel products.

Demand for functional sportswear apparel is increasing on account of the factors including durability, safety, increased performance, and availability of different types of products in various materials, including cotton, synthetic, and polyester. Moreover, consumer inclination towards an alternative to the use of single apparel instead of different protective gear is expected to increase the demand for functional sportswear apparel products in the future.

Also, the demand for functional workforce apparel is growing in the construction and mining sectors, wherein people are confronted with extreme conditions. Inducement of the flame monitor, water resistance, flame resistant fabrics, and steel-edged gloves and boots is anticipated to propel the market demand for functional apparel.

The high price of the apparel due to the use of new technology for making the apparel lighter in weight and increased durability is a major restraining factor in the market. Moreover, product duplicity, which reduces the market demand of the original brand, is expected to act as a restraining factor in the global market in the upcoming years.

Product Insights

The sportswear segment dominated the global functional apparel market and accounted for a share of 32.8% in 2018. This segment includes apparel for professionals and armatures. The growth of the segment is attributed to a high preference for sportswear in daily morning workout among individuals. Moreover, increasing concerns over workout and its benefits in the Asia Pacific is expected to increase the demand for functional sportswear apparel products shortly.

Activewear products are expected to expand at the fastest CAGR of 7.2% from 2019 to 2025. New product designs according to the latest fashion trends to provide a better style statement to the individuals are also expected to boost the market demand for functional activewear apparel products. Growing preference for activewear and its daily casual wear utilization among the young population in the developed countries, including the U.S. and Canada, are projected to increase the demand for activewear products in the coming years.

Distribution Channel Insights

The supermarkets/hypermarkets segment generated a revenue of USD 127.8 billion in 2018. The segment is expected to witness significant growth due to the growing preference of the consumers to buy functional apparel products from the supermarkets, as it is preferable to see and feel the material and to get the perfect fit. The easy and wide availability of functional apparel products in supermarkets/hypermarkets helps the customers to choose a wide range of products. This, in turn, is expected to drive the segment soon.

Besides, functional apparel products are bought through convenience stores nearby to the customer. The online segment is also expected to expand at a CAGR of 6.8% from 2019 to 2025 on account of the introduction of various e-commerce stores in the market to increase the supply of products and provide ease of availability to the customers. Companies like Myntra, Amazon, Jabong, and Ajio.com are coming up with new online services for delivering at the doorsteps of the customers. These factors are expected to open new market avenues and escalate the global market demand.

Application Insights

The professional athletic application segment occupied the majority of the market share. The segment generated a revenue of USD 122.8 billion in 2018. Armature athletic products held a 38.6% share of the global revenue. This growth is on account of the high preference for sportswear in daily life among the working and young population. Moreover, new products with additional technology and fashion trends are gaining popularity among the young population. This, in turn, is expected to increase the demand for functional apparel products.

The other application segment is anticipated to witness significant growth in the coming years. The segment includes apparel for the workforce such as people working on construction sites, mining sites, and in the search and rescue department. Consumption of functional apparel products is growing in developed countries including the U.S., Canada, U.K., Germany, and France. The population in this region is conditional to daily workout to maintain a good and healthy life. Manufacturers are focusing on developing new product designs and features to target a larger segment of the population.

Regional Insights

The Asia Pacific and North America jointly accounted for more than 60.0% share of the global revenue in 2018. Functional apparel products are mostly consumed by the population of the Asia Pacific and North America on account of increasing disposable income, along with advanced lifestyle in countries including the U.S., China, and India.

The market in Europe and the rest of the world has potential growth opportunities as the population in countries including, Brazil, South Africa, UAE, Germany, U.K., and France is adopting a workout culture for living a healthy life. Therefore, it can boost the demand for professional and other functional apparel products in the region.

Key Companies & Market Share Insights

Key market players include Nike, Under Armor, Adidas, PVH Corp., Gap, 361Aprt, PUMA, S.E., Reebok, Ralph Lauren, Asics Corporation, Amer Sports, Jockey International, Hugo Boss, Umbro, and Russell Brands, LLC. The companies are developing new product designs according to the latest consumer preferences for fashion and safety to acquire a larger market share.

Functional Apparel Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For this study, Grand View Research has segmented the global functional apparel market report based on the product, application, distribution channel, and region:

• Product Outlook (Revenue, USD Million, 2015 - 2025)

  • Sportswear

  • Activewear

  • Protective Clothing

  • Footwear

  • Others

• Application Outlook (Revenue, USD Million, 2015 - 2025)

  • Professional Athletic

  • Armature Athletic

  • Others

• Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)

  • Supermarkets/Hypermarkets

  • Convenience store

  • Online

• Regional Outlook (Revenue, USD Million, 2015 - 2025)

  • North America

    • The U.S.

  • Europe

    • Germany

    • France

  • Asia Pacific

    • India

    • China

  • Central & South America

    • Brazil

  • Middle East & Africa

    • South Africa