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

Published: Jun, 2019 | Pages: 110 | Publisher: Grand View Research
Industry: Consumer Goods | Report Format: Electronic (PDF)

The global functional apparel market size is expected to reach USD 438.0 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.4% over the forecast period. Increasing participation in fitness and sports activities and growing demand for performance boosting apparels, apparels for specific workforce, along with new active wear designs based on the latest fashion trends, are expected to increase the demand for functional wear products in the coming years. In addition, increase in disposable income and changing lifestyle of the people in emerging economies including China and India are anticipated to increase the market demand.

Usage of functional athletic wear products is increasing in North America and Europe on account of continuous product innovation and technological advancement to meet the customer behavior and preferences. In addition, inducement of workout routine and inclination towards adventure and outdoor sports in the developing countries including, India, China, Bangladesh, and Thailand are expected to create new avenues for the global market. Functional apparels are made up materials that are anti-flammable, water resistant, sweat resistant, and durable in nature.

Therefore, this evolution of wearing active wear in daily life to create an individual style statement is also a significant factor increasing the demand of functional wear. The young population is anticipated to significantly influence the demand of the global market in the future on account of growing trend of protective wear, along with active wear. Online distribution channel is expected to expand at the fastest CAGR of 6.8% from 2019 to 2025, as the online sector is not completely penetrated. New companies like Limeroad.com and Koovs.com are coming up with new offers for the customers.

High price of the apparels is a major restraining factor for the global market. This is on account of the use of different materials in functional apparels including cotton, spandex, polyester, nylon, bamboo, and wool. However, continuous development of new products by companies such as Nike, Adidas, Jockey and Umbro is expected to influence the buying preferences of the younger population across the globe.

Nike has come with new apparels designed for spring weather to penetrate the global market and new designs according to the fashion trends in London in order to gain a larger share in the U.K. market. PUMA is investing in new Bio Evolution shoes for creating new and technologically advanced shoes in order to prevent foot pain and feet sweat. The market leaders are focusing on developing new products according to latest designs and technology in order to gain a larger market share.

Further key findings from the study suggest:

• By product, active wear is projected to ascend at a CAGR of 7.2% over the forecast period on account of its increasing preference in daily life

• Professional athletic wear dominated the market with a share of 43.2% in 2018 due to inclination towards outdoor and adventure sports among the young population

• The offline distribution channel dominated the functional apparel market with a share of over 75.0% in 2018, as most of the products are purchased through supermarkets/hypermarkets and convenience stores to get the proper fit and material

• Asia Pacific dominated the market in 2018 with 34.5% share of the total revenue due to high adaptation of western culture and western fashion trends. This trend is projected to continue over the next few years

• The industry is highly competitive with the key players such as 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.

 Table of Contents

Chapter 1. Methodology and Scope
                  1.1. Market Segmentation & Scope
                  1.2. Market Definition
                  1.3. Information Procurement
                      1.3.1. Purchased Database
                      1.3.2. GVR's Internal Database
                      1.3.3. Secondary Sources & Third-Party Perspectives
                      1.3.4. Primary Research
                  1.4. Information Analysis 
                      1.4.1. Data Analysis Models
                  1.5. Market Formulation & Data Visualization
                  1.6. Data Validation & Publishing
Chapter 2. Executive Summary
                  2.1. Market Outlook
                  2.2. Segmental Outlook
                  2.3. Competitive Insights
Chapter 3. Functional Apparel Market Variables, Trends & Scope
                  3.1. Market Introduction
                  3.2. Penetration & Growth Prospect Mapping
                  3.3. Industry Value Chain Analysis
                      3.3.1. Sales/Retail Channel Analysis
                      3.3.2. Profit Margin Analysis
                  3.4. Market Dynamics
                      3.4.1. Market Driver Analysis
                      3.4.2. Market Restraint Analysis
                      3.4.3. Industry Challenges
                      3.4.4. Industry Opportunities
                  3.5. Business Environment Analysis
                      3.5.1. Industry Analysis - Porter's
                          3.5.1.1. Supplier Power
                          3.5.1.2. Buyer Power
                          3.5.1.3. Substitution Threat
                          3.5.1.4. Threat from New Entrant 
                          3.5.1.5. Competitive Rivalry
                  3.6. Roadmap of Functional Apparel Market
                  3.7. Market Entry Strategies 
Chapter 4. Consumer Behavior Analysis
                  4.1. Consumer Trends and Preferences
                  4.2. Factors Affecting Buying Decision 
                  4.3. Consumer Product Adoption 
                  4.4. Observations & Recommendations
Chapter 5. Functional Apparel Market: Product Estimates & Trend Analysis
                  5.1. Product Movement Analysis & Market Share, 2018 & 2025
                  5.2. Sportswear
                      5.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                  5.3. Active wear
                      5.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                  5.4. Protective clothing
                      5.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                  5.5. Footwear
                      5.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                  5.6. Others
                      5.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Chapter 6. Functional Apparel Market: Application Estimates & Trend Analysis
                  6.1. Application Movement Analysis & Market Share, 2018 & 2025
                  6.2. Professional Athletic
                      6.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                  6.3. Armature Athletic
                      6.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                  6.4. Others
                      6.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Chapter 7. Functional Apparel Market: Distribution Channel Estimates & Trend Analysis
                  7.1. Distribution channel Movement Analysis & Market Share, 2018 & 2025
                  7.2. Supermarkets/Hypermarkets
                      7.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                  7.3. Convenience Stores
                      7.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                  7.4. Offline
                      7.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Chapter 8. Functional Apparel Market: Regional Estimates & Trend Analysis
                  8.1. Regional Movement Analysis & Market Share, 2018 & 2025
                  8.2. North America
                      8.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                      8.2.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                      8.2.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                      8.2.4. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                      8.2.5. U.S.
                          8.2.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                          8.2.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                          8.2.5.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                          8.2.5.4. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                  8.3. Europe
                      8.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                      8.3.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                      8.3.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                      8.3.4. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                      8.3.5. Germany
                          8.3.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                          8.3.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                          8.3.5.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                          8.3.5.4. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                      8.3.6. France
                          8.3.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                          8.3.6.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                          8.3.6.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                          8.3.6.4. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                  8.4. Asia Pacific
                      8.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                      8.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                      8.4.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                      8.4.4. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                      8.4.5. China 
                          8.4.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                          8.4.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                          8.4.5.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                          8.4.5.4. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                      8.4.6. India
                          8.4.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                          8.4.6.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                          8.4.6.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                          8.4.6.4. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                  8.5. Central & South America (CSA)
                      8.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                      8.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                      8.5.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                      8.5.4. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                      8.5.5. Brazil
                          8.5.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                          8.5.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                          8.5.5.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                          8.5.5.4. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                  8.6. Middle East & Africa (MEA)
                      8.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                      8.6.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                      8.6.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                      8.6.4. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                      8.6.5. South Africa
                          8.6.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                          8.6.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                          8.6.5.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                          8.6.5.4. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
Chapter 9. Competitive Analysis
                  9.1. Key global players, recent developments & their impact on the industry
                  9.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
                  9.3. Vendor Landscape
                      9.3.1. Key company market share analysis, 2018
Chapter 10. Company Profiles
                  10.1. Nike, Inc.
                      10.1.1. Company Overview
                      10.1.2. Financial Performance
                      10.1.3. Product Benchmarking
                      10.1.4. Strategic Initiatives
                  10.2. Adidas AG
                      10.2.1. Company Overview
                      10.2.2. Financial Performance
                      10.2.3. Product Benchmarking
                      10.2.4. Strategic Initiatives
                  10.3. Asics Corporation
                      10.3.1. Company Overview
                      10.3.2. Financial Performance
                      10.3.3. Product Benchmarking
                      10.3.4. Strategic Initiatives
                  10.4. Columbia Sportswear Company
                      10.4.1. Company Overview
                      10.4.2. Financial Performance
                      10.4.3. Product Benchmarking
                      10.4.4. Strategic Initiatives
                  10.5. Hanes Brands Inc.
                      10.5.1. Company Overview
                      10.5.2. Financial Performance
                      10.5.3. Product Benchmarking
                      10.5.4. Strategic Initiatives
                  10.6. Reebok
                      10.6.1. Company Overview
                      10.6.2. Financial Performance
                      10.6.3. Product Benchmarking
                      10.6.4. Strategic Initiatives
                  10.7. Hugo Boss AG
                      10.7.1. Company Overview
                      10.7.2. Financial Performance
                      10.7.3. Product Benchmarking
                      10.7.4. Strategic Initiatives
                  10.8. PUMA, S.E.
                      10.8.1. Company Overview
                      10.8.2. Financial Performance
                      10.8.3. Product Benchmarking
                      10.8.4. Strategic Initiatives
                  10.9. Russell Brands, LLC
                      10.9.1. Company Overview
                      10.9.2. Financial Performance
                      10.9.3. Product Benchmarking
                      10.9.4. Strategic Initiatives
                  10.10. Jockey International, Inc.
                      10.10.1. Company Overview
                      10.10.2. Financial Performance
                      10.10.3. Product Benchmarking
                      10.10.4. Strategic Initiatives

List of Tables

1. Functional Apparel- Key market driver analysis
2. Functional Apparel - Key market restraint analysis
3. Global sportswear functional apparel market estimates and forecast, 2015 - 2025 (USD Million)
4. Global active wear functional apparel market estimates and forecast, 2015 - 2025 (USD Million)
5. Global protective clothing functional apparel market estimates and forecast, 2015 - 2025 (USD Million)
6. Global footwear functional apparel market estimates and forecast, 2015 - 2025 (USD Million)
7. Global professional athletic functional apparel market estimates and forecast, 2015 - 2025 (USD Million)
8. Global armature athletic functional apparel market estimates and forecast, 2015 - 2025 (USD Million)
9. Global others functional apparel market estimates and forecast, 2015 - 2025 (USD Million)
10. Global others functional apparel market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
11. Global functional apparel market estimates and forecast through supermarkets/hypermarkets, 2015 - 2025 (USD Million)
12. Global functional apparel market estimates and forecast through convenience stores, 2015 - 2025 (USD Million)
13. Global functional apparel market estimates and forecast through online, 2015 - 2025 (USD Million)
14. North America functional apparel market estimates and forecast, 2015 - 2025 (USD Million)
15. North America functional apparel market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
16. North America functional apparel market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
17. North America functional apparel market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
18. U.S. functional apparel market estimates and forecast, 2015 - 2025 (USD Million)
19. U.S. functional apparel market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
20. U.S. functional apparel market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
21. U.S. functional apparel market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
22. Europe functional apparel market estimates and forecast, 2015 - 2025 (USD Million)
23. Europe functional apparel market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
24. Europe functional apparel market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
25. Europe functional apparel market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
26. Germany functional apparel market estimates and forecast, 2015 - 2025 (USD Million)
27. Germany functional apparel market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
28. Germany functional apparel market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
29. Germany functional apparel market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
30. France functional apparel market estimates and forecast, 2015 - 2025 (USD Million)
31. France functional apparel market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
32. France functional apparel market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
33. France functional apparel market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
34. Asia Pacific functional apparel market estimates and forecast, 2015 - 2025 (USD Million)
35. Asia Pacific functional apparel market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
36. Asia Pacific functional apparel market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
37. Asia Pacific functional apparel market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
38. China functional apparel market estimates and forecast, 2015 - 2025 (USD Million)
39. China functional apparel market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
40. China functional apparel market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
41. China functional apparel market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
42. India functional apparel market estimates and forecast, 2015 - 2025 (USD Million)
43. India functional apparel market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
44. India functional apparel market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
45. India functional apparel market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
46. Central & South America functional apparel market estimates and forecast, 2015 - 2025 (USD Million)
47. Central & South America functional apparel market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
48. Central & South America functional apparel market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
49. Central & South America functional apparel market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
50. Brazil functional apparel market estimates and forecast, 2015 - 2025 (USD Million)
51. Brazil functional apparel market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
52. Brazil functional apparel market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
53. Brazil functional apparel market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
54. Middle East & Africa functional apparel market estimates and forecast, 20145- 2025 (USD Million)
55. Middle East & Africa functional apparel market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
56. Middle East & Africa functional apparel market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
57. Middle East & Africa functional apparel market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
58. South Africa functional apparel market estimates and forecast, 2015- 2025 (USD Million)
59. South Africa functional apparel market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
60. South Africa functional apparel market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
61. South Africa functional apparel market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
62. Vendor landscape

List of Figures

1. Functional apparel market snapshot 
2. Functional apparel market segmentation & scope
3. Functional apparel market penetration & growth prospect mapping
4. Functional apparel value chain analysis
5. Functional apparel market dynamics
6. Functional apparel market Porter's analysis 
7. Functional apparel market: Product movement analysis 
8. Functional apparel market: Application movement analysis
9. Functional apparel market: Distribution channel movement analysis 
10. Functional apparel market: Regional movement analysis