According to a market report by Lucintel, the future of the functional apparel market looks promising with opportunities for the apparel and accessories industry. The functional apparel market is expected to grow with a CAGR of 6% from 2019 to 2024. The major growth drivers for this market are rising demand for high-performance, application-specific apparel and footwear and the rising participation in sports and fitness activities.
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In this market, sports wear, outer clothing, inner wear, footwear, and socks are the major product types. Sportswear is the largest product type segment.
North America will remain the largest market over the forecast period due to the high disposable income of young population and willingness to pay more for designer apparels.
Adidas, Calvin Klein, Hanes Brands, Head, Icebreaker, Jockey, MIZUNO, Nike, Puma, Russell, Skechers, Umbro, and Under Armour are among the major manufacturers of functional apparel.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the functional apparel market by product type, end use, and region. Lucintel has prepared a comprehensive research report titled "Functional Apparel Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the functional apparel market by product, end use, and region as follows:
By Product [$M shipment analysis for 2013 – 2024]:
Sportswear
Outer Clothing
Innerwear
Footwear
Socks
By End Use [$M shipment analysis for 2013 – 2024]:
By Region [$M shipment analysis for 2013 – 2024]:
North America
United States
Canada
Mexico
Europe
Asia Pacific
Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/functional-apparel-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.