Global Functional Clothing Market Trajectory and Analysis Report 2022: COVID-19 Marks Change in Fashion Industry with Buzz for Functional Fashion – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Functional Clothing – Global Market Trajectory and Analysis” report has been added to from ResearchAndMarkets.com offer.

Global functional clothing market to reach $372.5 billion by 2026

Amid the COVID-19 crisis, the global functional clothing market estimated at US$265.8 billion in 2020 is expected to reach a revised size of US$372.5 billion by 2026, with growth at a CAGR of 5.7% over the analysis period.

Functional clothing is considered an evolution of technical textiles. Functional clothing is a field where clothing integrates with the fields of medicine, nanotechnology, computer science, physics and biotechnology to meet the increasingly complex and multifaceted needs of users.

Functional clothing meets specific performance requirements and is designed and manufactured to protect or provide comfort to the wearer while being normal. Functional clothing can be termed as a bridge between commercial clothing and technical textiles with a commercial market. While functional clothing enumerates the characteristics of technical textiles by providing protection or comfort for the wearer, it can also be used as regular clothing, creating a niche that spans the technical textiles and apparel market.

Typical functional clothing includes sportswear, protective clothing, medical clothing, and specialty clothing. Currently, a wide variety of functional clothing is currently available in the form of medical clothing, sports clothing, and protective clothing, among others.

Sportswear, one of the segments analyzed in the report, is expected to grow at a CAGR of 5.6% to reach US$128.4 billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and induced economic crisis, Footwear segment growth is readjusted to a revised CAGR of 6.3% for the next 7-year period. This segment currently accounts for a 22.5% share of the global functional clothing market.

The US market is estimated at $89.6 billion in 2021, while China is expected to reach $52.5 billion by 2026

The functional clothing market in the United States is estimated to be worth US$89.6 billion in 2021. The country currently accounts for a 32.32% share of the global market.

China, the world’s second largest economy, is expected to reach an estimated market size of US$52.5 billion in 2026 growing at a CAGR of 7.3% over the analysis period. Other noteworthy geographic markets include Japan and Canada, each forecasting growth of 4.9% and 5% respectively over the analysis period. In Europe, Germany is expected to grow at a CAGR of approximately 5.2%, while the rest of the European market (as defined in the study) will reach US$56.2 billion by the end of the outlook period. ‘to analyse.

The current health and wellness trend continues to be the major driver of the global functional clothing market, driving consumers to spend on these garments, primarily activewear and activewear. Consumers’ emphasis on a healthy diet and growing level of health awareness is causing people to be selective when it comes to clothing for gym workouts, personal training, and casual work.

Rising engagement in sports and adventure activities like cycling and trekking is driving the expansion of the market. Additionally, aggressive efforts by fitness influencers to promote sportswear and attract consumers have resulted in the cult of athleisure, encouraging people to wear sportswear in gyms as well as at social gatherings and podiums.

The growth of the market is also propelled by the increasing adoption of feature-specific apparel and footwear and advancements in technology. The use of technical fabrics in functional clothing provides protection against extreme cold or heat, chemicals and radiation. These fabrics can absorb sweat and keep users cool in summer and warm in winter. Some of the latest functional clothing is made from antibacterial materials that can prevent body odor.

On the other hand, sports shoes offered by major brands maximize user comfort and improve sports performance while reducing the risk of injury. The increasing incidence of foot diseases and allergies is prompting companies to offer athletic shoes and socks with specialized features.

While various manufacturers offer sports socks with extra padding to mitigate the risk of foot allergies, others are increasingly incorporating sophisticated technologies into their hosiery products. In addition, the increasing attention paid by various medical laboratories to R&D is expected to drive the adoption of medical laboratory clothing.

Protective Clothing Segment to Reach $66.6 Million by 2026

Protective clothing is designed to protect the wearer from hazards in the workplace or any other location. High visibility clothing also falls under protective clothing.

Protective clothing finds uses in a wide range of applications and includes fire and heat protection; protection against nuclear, chemical and biological risks; protection against sharp objects such as stabs, cuts and scrapes; protection against extreme cold; and protection against static electricity and high voltage among others.

Main topics covered:

I. METHODOLOGY

II. ABSTRACT

1. MARKET OVERVIEW

  • COVID-19 Marks Fashion Industry Change With Buzz For Functional Fashion

  • An introduction to functional clothing

  • Design and manufacture of functional clothing

  • Global Market Outlook and Prospects

  • Sportswear remains a coveted segment of the functional clothing market

  • Professional sport: a major application of functional clothing

  • Supermarkets/hypermarkets maintain their position as the main distribution channel

  • Developed regions have the upper hand in functional clothing market

  • Competetion

  • Recent market activity

2. FOCUS ON SELECT PLAYERS (Total 198 Featured)

  • 361 Degrees International Limited

  • Adidas S.A.

  • Amer Sports Oyj

  • Asics Company

  • Calvin Klein

  • Columbia sportswear company

  • HanesBrands Inc.

  • To manage

  • Hugo Boss S.A.

  • Icebreaker

  • Jockey International, Inc.

  • Lululemon Athletic Inc

  • MIZUNO Corporation

  • NIKE, Inc.

  • Phillips-Van Heusen Corporation

  • Puma SE

  • Ralph Lauren Company

  • Reebok International Ltd.

  • Russell Brands, LLC

  • Skechers USA Inc.

  • The Gap, Inc.

  • The North Face, Inc.

  • Umbro

  • Under Armour, Inc.

3. MARKET TRENDS AND DRIVERS

  • Functional clothing to reap rich dividends with the health and wellness trend

  • Growing participation in sports activities and inclination towards workouts is fueling the demand for functional clothing for sports

  • Participation in sports and fitness activities drives the growth of the functional clothing market

  • Sports and fitness apparel market presents growth opportunities for functional fitness and sports apparel

  • Performance outerwear

  • Reactive fabrics and materials in sportswear

  • Improving the performance of athletes in professional sports

  • Smart clothing with thermal changes

  • Heated Sportswear Pick Up

  • Functional clothing for snow sports is gaining strength

  • Consumer preference for sportswear in daily life to drive the functional sportswear market

  • Technology trends are revolutionizing the sportswear market

  • Protective clothing: a key part of the functional clothing market

  • Notable Protective Clothing Market Trends

  • Introduction of nanotechnology applications is fueling the growth of the protective clothing market

  • Mandatory regulations focus on protective textiles

  • Growing demand for performance-enhancing apparel bodes well for the functional apparel market

  • Functional and durable workwear is gaining in importance

  • Expanding the needs of the workwear industry to generate gains in the functional workwear market

  • Rise in Workplace Injuries Fuels Demand for Functional Clothing

  • High levels of workplace-related accidents re-emphasize functional protective clothing

  • The COVID-19 pandemic is disrupting the functional workwear industry

  • The advent of innovative technologies is fueling the demand for functional workwear

  • Superior attributes of flame retardant workwear compared to traditional workwear advantages market

  • Demand for multifunctional and lighter fabric workwear is increasing in the oil and gas industry

  • Functional medical clothing is gaining importance amid the COVID-19 pandemic

  • Safety requirements drive the need for medical textiles

  • Functional footwear designed to improve comfort and ensure safety

  • Growing concerns over environmental degradation fuel demand for natural and eco-friendly fibers

  • Focus on the use of natural fibers in functional clothing

  • Multifunctional sustainable clothing: high growth opportunities

  • Revolutionary technologies that add feather to the cap of functional clothing

  • Technological advances Fastrack’s adoption of functional clothing

  • E-commerce platforms are driving the growth of the functional clothing market

  • COVID-19 Rising e-commerce sales benefit the functional clothing market

  • Prospects for the impact of demographic trends: growing influence of urbanization and middle-class population

4. GLOBAL MARKET OUTLOOK

III. REGIONAL MARKET ANALYSIS

IV. COMPETETION

For more information on this report, visit https://www.researchandmarkets.com/r/xc2qzc