Global Functional Apparel Market Competiive Startegies, Advertising Trends, & Market Analysis by 2029

 

Data Bridge Market Research analyses that the functional apparel market was valued at USD 360.00 billion in 2021 and is expected to reach USD 797.31 billion by 2029, registering a CAGR of 10.45% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Market Definition

Functional apparel refers to those clothes which are worn while performing several activities. They are also likable and deliver essential protection to the wearer. These clothes may differ in design and are made using advanced fabrics to provide functionality to users, besides offering the utility of essential garments. Functional apparel meets the need of adaptability and performance. Formerly, such clothing was limited to the technology workers, military, sports sector and others.

Recent Developments

·         In February 2021, Belle International and Hanesbrands Inc. entered into a licensing agreement to introduce a line of accessories and footwear under the Champion brand to help consumers in China.

·         In July 2020, Loyal Textile Mills in partnership with HeiQ and Reliance Industries announced the introduction  of operational clothing line in the collection of reusable personal protective equipment.

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Global Functional Apparel Market Scope

The functional apparel market is segmented on the basis of product, application, distribution channel and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

·         Sportswear

·         Active Wear

·         Protective Clothing

·         Footwear

·         Others

Application

·         Professional Athletic

·         Armature Athletic

·         Others

 Distribution Channel

·         Supermarkets/Hypermarkets

·         Convenience Store

·         Online

End User

·         Men

·         Women

·         Children

Functional Apparel Market Share Analysis

The functional apparel market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to functional apparel market.

Some of the major players operating in the functional apparel market are:

·         V.F. Corporation (U.S.)

·         Columbia Sportswear Company (U.S.)

·         Adidas (Germany)

·         Amer Sports (Finland)

·         DESCENTE LTD (Japan)

·         Decathlon Sports India Pvt Ltd (India)

·         Lafuma (France)

·         Group Rossignol USA, Inc. (U.S.)

·         Volcom, LLC. (U.S.)

·         SPYDER ACTIVE SPORTS (U.S.)

·         Halti Global Store. (Finland)

·         Under Armour Inc, (U.S.)

·         BOGNER (U.S.)

·         Trek Kit India (India)

·         Tube Pro, Inc (Canada)

·         Airhead Sports Group (U.S.)

·         L.L. Bean Inc, (U.S.)

·         Agit Global, Inc. (U.S.)

·         Emsco Group (U.S.)

·         Slippery Racer (U.S.)

·         Gizmo Riders (U.S.)

·         Zipfy Inc, (Canada)

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Functional Apparel Market Regional Analysis/Insights

The functional apparel market is analysed and market size insights and trends are provided by country, product, application, distribution channel and end-user as referenced above.

The countries covered in the functional apparel market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the functional apparel market in terms of market share. This is due to the increasing demand for premium sports apparels in this region.

Asia-Pacific is expected to be the fastest developing region during the forecast period of 2022-2029 because of rising rate of participation of young populace in several sports such as swimming, marathons and trekking in this region.

TOC Of The Report :

·         Chapter One: Introduction

·         Chapter Two: Market Segmentation

·         Chapter Three: Market Overview

·         Chapter Four: Executive Summary

·         Chapter Five: Premium Insights

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