Global Functional Workwear Apparel Market Examined till 2026

Posted on 2018-06-21 by Mark Hub in Industrial, Retail // 0 Comments

ROCKVILLE, US, 2018-Jun-21 — /EPR Network/ — FACT.MR has been actively involved in offering comprehensive research data concerning various topics which are associated to industrial reference and investor utility. This particular research report titled “Functional Workwear Apparel Market Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2026” has been added to the wide online database of FACT.MR which discusses the present as well as future market scenario. Readers can access knowledge related to market volume, regional expanse as well as competitive landscape prevailing in the global Functional Workwear Apparel Market. In order to study development patterns, this smart assessment also focuses on market dynamics, which talks about drivers, restraints and opportunities estimated to influence the concerned market during the period until 2022.

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Growing prevalence of diabetes has led to various foot related problems such as ulceration and neuropathy. In addition, increasing cases of arthritic foot leads to nagging pain, due to which the patients are required to wear protective cartilage. Prevalence of various foot related problems has led to an upsurge in demand for functional footwear workwear apparel. Manufacturers are focusing on designing apparels according to the professional requirements of the customers.

According to Fact.MR, the global functional workwear apparel market is expected to represent a value of over US$ 700 Mn by the end of 2026.

Forecast Highlights on Global Functional Workwear Apparel Market

Asia Pacific Excluding Japan (APEJ) is expected to emerge as the largest region in the global functional workwear apparel market. Owing to the growth in manufacturing sector, the rise in the new employment opportunities and growth in the service sector are some of the factors driving the functional workwear apparel market in APEJ.
Europe is also expected to witness growth in the functional workwear apparel. Manufacturers are focusing are increasingly investing in the research and development in terms of fabric innovation and using advanced materials, enabling functionalities such as water resistance, durability, and maintaining body temperature.
Uniforms are expected to be one of the top-selling functional workwear apparel during the forecast period 2017-2026. Uniforms are estimated to bring in more than US$ 300 million revenue by the end of 2026.
Compared to the natural fiber, synthetic fiber is expected to account for maximum revenue share by the end of 2017. Synthetic fiber is projected to bring in nearly US$ 600 million revenue by 2026 end.
The service sector is expected to emerge as one of the largest buyers of the functional workwear apparel. By the end of 2026, the service sector is estimated to exceed US$ 300 million revenue.

Sports Industry to Contribute Towards Growth of Global Market

Functional workwear apparel are also increasingly witnessing significant demand in the sports industry bound to growing need for boost in performance. Incorporation of aerodynamic features for sport activities such as skiing, cycling and swimming is further expected to impact growth of the global functional workwear apparel market. These factors are expected to contribute towards growth of the global functional workwear apparel market significantly during the forecast period.

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Synthetic Fiber to Represent a Leading Segment

Increasing employment opportunities and progress in the manufacturing industry is expected to rev up demand for functional workwear apparel in APEJ. On the basis of region, the functional workwear apparel market in APEJ is expected to represent a leading region in the global functional workwear apparel market during the forecast period. The functional workwear market in Europe is expected to represent positive growth bound to increasing investment in the research and development for fabric development and innovation. Manufacturers in this region are further focusing on equipping the workwear with advanced fabric that is durable, water-resistant and maintain body temperature.

Based on workwear type, the uniform segment is expected to generate significant revenues, recording a value of over US$ 600 Mn by 2026-end. The synthetic fiber is expected to outsell the natural globally. In terms of revenue, the synthetic fiber is expected to represent a revenue growth of around US$ 600 Mn during the forecast period. By buyer sector, the service sector segment is expected to remain a dominant market. Throughout the forecast period, the service sector buyer sector segment is expected to witness significant revenue growth, representing a value of over US$ 300 Mn.

Competition Tracking

Leading market players operating in the global functional workwear apparel market include Fristads Kansas AB, V.F. Corporation, Rentokil Initial Plc, Aramark, Ansell Limited, Engelbert Strauss GmbH & Co. KG, Sioen Industries NV, Carhartt, In, Delta Plus Group, Lakeland Industries, Inc, Duluth Holdings Inc., Delta Plus Group, Mascot International A/S, Superior Uniform Group, Inc, Alsico NV and Jonsson Workwear (Pty) Ltd.

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