Functional Apparel Market: Trends, Opportunities and Competitive Analysis

Trends, opportunities and forecast in the global functional apparel market to 2024 by product (sportswear, outer clothing, innerwear, footwear, and socks), end use (men and women), and region (North America, Europe, Asia Pacific, and ROW)

Publisher: Lucintel Published: June 2020
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Functional Apparel Market: Trends, Opportunities and Competitive Analysis

Report Feature

The future of the functional apparel market looks promising for the apparel and accessories industry. The global functional apparel market is expected to grow with a CAGR of 6% from 2019 to 2024. The

major growth drivers for this market are growing health awareness among individuals and rising inclination towards performing workout activities, which help to fight against various disease and changing lifestyle of people and growing inclination towards usage of active wear in daily life.

A report of more than 150 pages is developed to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of functional apparel market report download the report brochure.



Functional Apparel Market by Segment Type

Global Functional Apparel Market

Market Share Analysis of Major Manufacturers
 


The study includes the functional apparel market size and forecast for the global functional apparel market through 2024, segmented by product, end use, application, distribution channel, and region as follows:

By Product [$M shipment analysis for 2013 – 2024]:
  • Sports wear
  • Outer Clothing
  • Inner Wear
  • Footwear
  • Socks

By End Use [$M shipment analysis for 2013 – 2024]:
  • Men
  • Women

By Application [$M shipment analysis for 2013 – 2024]:
  • Professional Athletic
  • Armature Athletic
  • Others

By Distribution Channel [$M shipment analysis for 2013 – 2024]:
  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Online

By Region [$M shipment analysis for 2013 – 2024]:
  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain
  • Asia-Pacific
    • China
    • Japan
    • India
  • Rest of the World
    • Brazil

Some of the functional apparel companies profiled in this report include Adidas, Asics, Calvin Klein, HanesBrands, Head, Icebreaker, Jockey, MIZUNO, Nike, Puma, Russell, Skechers, Umbro, and Under Armour.

Some of the features of "Global Functional Apparel Market 2019-2024: Trends, Forecast, and Opportunity Analysis” include
  • Market size estimates:Global functional apparel market size estimation in terms of value ($M) shipment.
  • Trend and forecast analysis:Market trend (2013-2018) and forecast (2019-2024) by segments and region.
  • Segmentation analysis:Global functional apparel market size by product, end use, application, distribution channel, and region.
  • Regional analysis:Global functional apparel market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth opportunities:Analysis on growth opportunities in different applications and regions for functional apparel in the global functional apparel market.
  • Strategic analysis:This includes M&A, new product development, and competitive landscape for functional apparel in the global functional apparel market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

This report answers following 11 key questions:

Q.1 What are some of the most promising potential, high-growth opportunities for the global functional apparel market by product (sportswear, outer clothing, innerwear, footwear, and socks), end use (men and women), application (professional athletic, armature athletic, and others), distribution channel (supermarkets/hypermarkets, convenience store, and online) and region (North America, Europe, Asia Pacific, and ROW)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the functional apparel market?
Q.5 What are the business risks and threats to the functional apparel market?
Q.6 What are the emerging trends in the functional apparel market and the reasons behind them?
Q.7 What are some changing demands of customers in the functional apparel market?
Q.8 What are the new developments in the functional apparel market? Which companies are leading these developments?
Q.9 Who are the major players in the functional apparel market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in the functional apparel area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last five years in the functional apparel market?

Table of Contents

1. Executive Summary 2. Market Background and Classifications 2.1: Introduction, Background, and classifications 2.2: Supply Chain 2.3: Industry Drivers and Challenges
3.3.1 Sports wear 3.3.2: Outer Clothing 3.3.3: Inner Wear 3.3.4: Footwear 3.3.5: Socks
5. Competitor Analysis 5.1: Product Portfolio Analysis 5.2: Market Share Analysis 5.3: Operational Integration 5.4: Geographical Reach 5.5: Porter’s Five Forces Analysis 7. Company Profiles of Leading Players 7.1: Adidas 7.2: Asics 7.3: Calvin Klein 7.4: HanesBrands 7.5: Head 7.6: Icebreaker 7.7: Jockey 7.8: MIZUNO 7.9: Nike 7.10: Puma

Methodology

Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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