Rise in health and wellness trend is one of the major influential factors that has boosted the demand for functional clothing market
POTLAND, 5933 NE WIN SIVERS DRIVE, #205, OR 97220, USA, January 7, 2022 /EINPresswire.com/ — According to a new report released by Allied Market Research titled “functional clothing market by Nature and Application: Global Opportunity Analysis and Industry Forecast, 2019–2026”, Functional Apparel Market size was valued at $282.30 billion in 2018 and is projected to reach $505.80 billion by 2026, recording a CAGR of 7.7% from 2019 to 2026. In 2018, Europe accounted for nearly 30.2% of the functional clothing market.
Functional Apparel Market by Product Type (Activewear, Activewear, Protective Apparel, and Others), Application (Sports Industry, Outdoor Apparel, and Healthcare), and Distribution Channel (Offline and Online) : Global Opportunities Analysis and Industry Forecast, 2019-2026
Main results of the study:
In 2018, based on product type, the sportswear segment accounted for approximately higher value functional clothing market share.
In 2018, based on applications, the sports industry segment accounted for 38.3% market share.
In 2018, based on the distribution channel, the offline segment accounted for a higher share of the functional clothing market.
In 2018, depending on the region, Europe accounted for a large market share and is expected to grow at a significant rate during the forecast period.
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Major players operating in the functional clothing industry include:-
ADIDAS SA (ADIDAS)
COLUMBIA SPORTSWEAR COMPANY
LULULEMON ATHLETICA INC.
NIKE, INC. (NIKE)
THE NORTH FACE (VF CORPORATION (VFC))
UNDER ARMOR, INC.
Millennials tend to take a more holistic approach to health and wellness. They are active and always eager to engage in fitness-oriented activities. Physical fitness has become an integral part of the daily routine. Given millennials’ perception of fitness, functional apparel manufacturers have managed to establish an emotional connection between their products and their customers. These customers are specifically looking for clothes that support an active lifestyle. Therefore, the increase in the number of millennials turns out to be an influential trend.
Functional clothing is one of the main types of technical textile clothing receptive to the development of new products and technologies. The emergence of functional clothing has been fueled by recent breakthroughs and advancements in the technical fibers and textile materials used.
Functional clothing market. The research report provides:
• Overview and analysis of market drivers, opportunities, restraints, threats and challenges
• Overview and analysis of market segmentation
• Business strategies and expansion
• Market growth, share, distribution and status on regional and global platform
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LIST OF PAINTINGS
TABLE 01. GLOBAL FUNCTIONAL WEAR MARKET, BY PRODUCT TYPE, 2019-2026 ($ BILLION)
TABLE 02. SPORTSWEAR MARKET REVENUE, BY REGION 2019-2026 ($BILLION)
TABLE 03. SPORTSWEAR MARKET REVENUE, BY REGION 2019-2026 (BILLION DOLLARS)
TABLE 04. PROTECTIVE CLOTHING MARKET REVENUE, BY REGION 2019-2026 ($ BILLION)
TABLE 05. PROTECTIVE CLOTHING MARKET REVENUE, BY REGION 2019-2026 (USD BILLION)
TABLE 06. GLOBAL FUNCTIONAL WEAR MARKET REVENUE, BY APPLICATION, 2019-2026 ($BILLION)
TABLE 07. SPORTS INDUSTRY FUNCTIONAL WEAR MARKET REVENUE, BY REGION 2019-2026 ($ BILLION)
TABLE 08. OUTDOOR GARMENT FUNCTIONAL WEAR MARKET REVENUE, BY REGION 2019-2026 (BILLION USD)
TABLE 09. UNISEX FUNCTIONAL CLOTHING MARKET REVENUE, BY REGION 2019-2026 (BILLION USD)
TABLE 10. GLOBAL FUNCTIONAL WEAR MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019-2026 ($ BILLION)
FREQUENTLY ASKED QUESTIONS?
Q1. What would be the forecast period in the market report?
Q2. What is the functional clothing market market value in 2018?
Q3. What is the opinion of key industry leaders of the Functional Clothing market?
Q4. Does the Functional Clothing Market report provide value chain analysis?
Q5. What are the key trends in the Functional Clothing market report?