The Infinium Global Research analyzes the Functional Apparel Market over the period of 2020 to 2026. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global functional apparel market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of functional apparel. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the functional apparel market during the period.
"We are Now Including the Impact Analysis of the COVID-19 on this Premium Report and the Forecast Period of this Report shall be Revised to 2020-2026."
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The COVID-19 epidemic has led to a sudden pause to manufacturing activities across the world, affecting the demand for apparel and also production & processing of them. Furthermore, the clothing industry is anticipated to witness less growth throughout 2020, as a result of the unprecedented supply chain disruptions due to the COVID-19 outbreak internationally. The projected decline in the global sales of clothing is attributable to massive supply chain disruptions across substantial export markets, counting China and India. Nevertheless, the industry is likely to recover over the forecast period, given the increasing popularity of online or e-commerce sales.
Nevertheless, over the long term, the growing health awareness among individuals and mounting inclination towards performing workout activities, which help to fight against numerous diseases, are anticipated to boost the market growth. An upsurge in the trend of health and wellness is one of the key influential factors that have been pouring the demand for different types of functional apparel precisely activewear or sportswear products. Consumers around the world have been extremely considering their fitness activity by indulging in several sports and fitness activities. Functional apparels are intended to perform particular functions according to different consumer requirements. These requirements may be safeguarding protection against heat and water while engaging in certain sporting activities. These apparels have gained popularity in current times, owing to the comfort they provide.
Therefore, the fitness industry is highly being promoted among these target segments. Conversely, various fitness influencers have been promoting activewear brand that has caught the devotion of target customers. Moreover, the rise in health and wellness trend is a significant factor for the functional apparel market during the forecast period. In addition, product duplicity, which diminishes the market demand of the original brand, is anticipated to act as a restraining factor in the global market in the upcoming years.
North America Region is Expected to Hold the Largest Share in the Global Functional Apparel Market
Among the geographies, the North America region is expected to hold the largest share in the global functional apparel market as countries such as the U.S. and Canada are adopting a workout culture for living a healthy life. Consequently, it can boost the demand for professional and other functional apparel products in the North American region. Furthermore, the Asia Pacific region is anticipated to witness high growth during the forecast period. Functional apparel products are mostly consumed by the population of the Asia Pacific region on account of increasing disposable income, coupled with advanced lifestyle in countries including China, and India.
Functional Apparel Market: Segmentation
The report on the global functional apparel market covers segments such as product type, application, and distribution channel. On the basis of product type, the sub-markets include sportswear, activewear, and protective clothing. On the basis of application, the sub-markets include the sports industry, outdoor clothing, and healthcare. On the basis of the distribution channel, the sub-markets include online and offline.
Functional Apparel Market: Companies Profiled
The report provides profiles of the companies in the market such as Puma, Nike, Under Armour, Adidas, Lululemon Athletic, Asics Corporation, Columbia Sportswear Company, Gap Inc., North Face, and Phillips-Van Heusen Corporation.
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