Functional Apparel Market Research Report with forecast year 2020-2027

According to a new market report published by Industry Probe (www.industryprobe.com) titled ‘Functional Apparel Market (Product type: Sportswear: Top wear [T-shirts, Bra, Others (Dress etc.)], Bottom wear [Track Pants, Shorts, Others (Briefs etc.)], Footwear [Shoes, Socks], Activewear: Top wear [T-shirts, Bra, Others (Dress etc.)], Bottom wear [Track Pants, Shorts, Others (Briefs etc.)], Footwear [Shoes, Socks], Protective Wear: Suits, Top wear, Bottom wear, Footwear, [Boots, Toe Guards, Others (Leggings, etc.)], Casual Wear: Top wear [Shirts, T-shirts, Others (Dresses, etc.)], Bottom wear [Jeans, Casual Trouser, Others (Shorts etc.)], Footwear [Shoes, Socks], Formal Wear: Top wear [Shirts, Coat/ Blazers, Others (Tops etc.)], Bottom wear [Trousers, Skirts], Footwear [Shoes, Socks], Others (Vanity Clothing, Outdoor Clothing etc.); Fabric: Conventional Fabric: [Polypropylene, Cotton, Nylon, Wool, Polyester], Specialty Fabric: [Neoprene, Spandex], Others (X-Static, Tencel, Gore-Tex etc.); Finishes: Antimicrobial, Water Resistant, Quick Dry, Moisture Management, Fire Resistant, UV Protection, Others (Stain Repellent, Abrasion Resistant etc.); Consumer Group: Men, Women, Kids; Distribution Channel: Online (Company-owned Website, E-commerce Website), Offline (Hypermarkets & Supermarkets, Specialty Stores, and Brand Stores) – Global Industry Dynamics 2018-19, Trends and Forecast, 2020–2027,’ the global water resistant finish is expected to reach US$ 225.2 Bn by 2027 and expand at a CAGR of 6.3% from 2019 to 2027.
As per the report, the global water resistant finish was valued at US$ 124.8 Bn in 2018 and is expected to expand at a CAGR of 6.3% from 2019 to 2027. In terms of finishes, water resistance segment accounts for the major share of the global functional apparel market. Water resistant apparel offers high resistance to water penetration and allows water vapor to escape at the same time. Growing penetration of water resistant apparel in outdoor sports, owing to its characteristics, such as excellent durability and sturdiness, is anticipated to drive the market growth. Increasing penetration of the product in outdoor sports products, including backpacks, footwear, tents, and other fabric-based gear or garments, owing to its characteristics, such as excellent durability and sturdiness, is anticipated to drive the market growth.
The report states that when it comes to testing fabrics for water-repellent qualities, factors such as permeability and penetration play major parts in these experiments. With the improvement of people’s living standards, functional fabrics such as anti-bacterial, odor-proof, antistatic, waterproof and moisture-permeable, and oil-proof and pollution-proof are becoming increasingly popular with consumers. Growing consumer awareness about health and fitness, increase in disposable income, and adoption of various sports such as snow sports, water sports, and mountaineering are augmenting the demand for sportswear resistant to water.
In terms of finishes, water resistance segment accounts for the major share of the global functional apparel market. Increase in demand for water resistant apparel is driving the production of functional apparel. Rise in the number of snow sports, water sports, and mountaineering are augmenting the demand for sportswear resistant to water. Demand for moisture management, antimicrobial and stain resistant apparel is also expected to drive the market in the near future. Technological advancements and development of fibers and resins that repel water or stains; manage moisture; offer low fabric to skin friction; and allow the material to heat, cool, and breathe are expected to augment market demand over the coming years.
Some of the major players covered under the scope include Adidas AG, Puma SE, Asics Corporation, PVH Corporation, Columbia Sportswear Company, Skechers USA, Inc., Inditex, Under Armour Inc., Nike, Inc., and VF Corporation.
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Industry Probe is a global market intelligence and advisory firm with an unwavering purpose to help businesses achieve strategic objectives through a varied range of offerings. Based on a unique amalgamation of our big data technology and human intelligence, our services are dedicated to serve the businesses operating in the consumer goods and industrial machinery sectors. Our offerings comprises syndicated research, strategic consulting & advisory services, competitive intelligence, and full time engagement to bring true & actionable insights into our clients’ business environment. Combining research & technology adoption, playing the perfect mix of the best data, and centered on consumer goods & industrial machinery sectors, Industry Probe believes in targeting one industry at a time.
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