Global Functional Apparel Market Projected to Grow at a Staggering CAGR of 13.5% over the Forecast Period 2017-2025

ALBANY, USA, 2018-Mar-13 — /EPR Network/ —Individuals have become more selective about apparels they wear for gym sessions, personal training, and casual work. Nowadays, apparel manufacturers are realizing the growing trend of functional apparel and they are responding with clothing lines designed for fitness freaks and sports lovers. A latest report, titled “Functional Apparel Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017 – 2025” has been broadcasted to the massive repository of Market Research Reports Search Engine (MRRSE), which provides a complete perspective on global functional apparel market’s evolution throughout the above-mentioned forecast period in terms of revenue (in US$ Mn) and CAGR.

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This 258-page precise study begins with an overview of functional apparel, evaluating market performance in terms of revenue, followed by analysis of key trends, drivers, and restraints witnessed in the global market in the recent past. According to the latest findings, the global functional apparel market is anticipated to surge at a notable 13.5% CAGR during the forecast period between 2017 and 2025. Rising at this pace, the market will be valued at US$244.61 bn by the end of 2025.

Functional apparels are mass-produced using advanced technology are usually made of polyester fabric that absorbs sweat. These apparels also help athletes to stay dry and comfortable, therefore, the rising interest in sports and fitness activities over the past couple of years is a key factor driving the functional apparel market.

Segmental Analysis

Geographically, the report classifies the global functional apparel market into Europe, Asia Pacific, Middle East & Africa (MEA), North America, and South America. The study evaluates market size and forecast for each region and country for the period from 2017 to 2025 along with the CAGR (%). As per the report findings, North America is anticipated to emerge as the leading regional market for functional apparel over the forecast period from 2017 to 2025. Rising demand for high-performance, application-specific apparels and footwear along with the increase in the sports activities are the major factors contributing towards the growth of the market.

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Apart from the region-wise segmentation, the market for functional apparel has been analyzed on the basis of type. Types of functional apparel include sportswear, outdoor apparel, footwear, socks, and innerwear. Amongst, the footwear segment is anticipated to display faster growth rate through 2025.

Moving further, the study includes the profiles of key players in the market and the strategies adopted by them to sustain in the competition. Some of the prime players functioning in the global market for functional apparel such as Puma, Addidas, Nike Inc., Columbia, Tommy Hilfiger, Under Armour Inc., Skechers USA Inc., New Balance Inc., Patagonia, Inc., Head, Icebreaker, Wacoal, Victoria Secret, Calvin Klein, True & Co.(PVH Corporation), Hanesbrand Inc., Jockey International, Russell Brands, LLC. and Umbro.

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