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The latest report by IMARC, titled “ FunctionalApparelMarket:GlobalIndustryTrends,Share,Size,Growth,OpportunityandForecast20 22-2027
” finds that the global functional apparel market reached a value of US$ 327.5 Billion in 2021. Functional apparel are garments designed with enhanced aesthetic, comfort, and protection functionalities. They are manufactured using various synthetic materials, such as nylon, viscose, and polyester, that possess water- and oil-resistant, anti-static, temperature-regulating, quick-drying, and performance-boostingproperties.
They also protect the wearer from harsh winds, chemicals, temperatures, microbes, and ultraviolet (UV) radiation. In addition, they provide enhanced breathability of fabric and stretchability, improve blood flow and reduce muscle fatigue and cramping. As a result, functional apparel is widely used to manufacturepersonalprotectivewearandmedical,geotextiles,military,sports,andleisureapparel.
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The market is primarily driven by the increasing participation in sports-related activities. Nowadays, individuals are adopting physically active lifestyles due to the rising health consciousness, which is escalating the demand for activewear and other functional apparel. In addition, various product innovations, such as the introduction of clothing with additional padding to improve blood circulation, maintain even pressure, and prevent infections, represent another major growth-inducing factor.
Besides this, key manufacturers are also using advanced nano and microfibers that absorb sweat from the body to ensure optimal hygiene for the wearer. This, coupled with the rising expenditure capacities and rapid urbanization, especially in developing economies, are creating a favorable market outlook across the globe. Looking forward, IMARC Group expects the market to reach a value of US$ 504.1 Billion by 2027, exhibiting a CAGR of 7.63% during the forecast period (2022-2027).
Looking forward, the market value is projected to reach a strong growth during the forecast period (2022-2027).
MarketSummary:
BreakupbyProductType:
•SportsWear
•ActiveWear
•ProtectiveClothing
•Others
BreakupbyApplication:
•SportsIndustry
•OutdoorClothing
•Healthcare
BreakupbyDistributionChannel:
•SupermarketsandHypermarkets
•ConvenienceStores
•OnlineStores
•Others
BreakupbyRegion:
•NorthAmerica
•UnitedStates
•Canada
•Asia-Pacific
•China
•Japan
•India
•SouthKorea
•Australia
•Indonesia
•Others
•Europe
•Germany
•France
•UnitedKingdom
•Italy
•Spain
•Russia
•Others
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