The functional clothing market is expected to reach USD 505.85 billion and a CAGR of 7.9% by the forecast period 2020-2030.
Functional clothing serves a variety of fashions in addition to fundamental safety and aesthetics of wear. There are different types of aesthetic clothing, sports clothing, medical clothing and many more. Consumers generally find sportswear comfortable, due to the materials used to make these clothes and shoes.
Rising health and wellness trends are one of the major factors affecting consumer demand for various types of functional clothing, especially sportswear. Consumers around the world participate in a variety of fitness and sports activities to take their fitness seriously. Several fitness influencers supporting fitness apparel are encouraging people to follow them leading to the growth of the functional apparel market.
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The size of the functional clothing market is expected to continue for at least a year. If companies can resume work shortly, the execution can take up to 2-3 months. Even if the COVID-19 pandemic subsides, customers might not be willing to spend money on clothes in stores. People will spend money on activewear and dynamic clothing as the economic and business environment improves. The global functional clothing market will grow as people focus more on sports and activities like traveling and cycling.
The global functional clothing market is segmented into end-user and product type.
On the basis of end-user, the functional clothing market is categorized into men and women.
Based on product type, the functional clothing market is categorized into laboratory wear, protective wear, and sports wear. Lab clothes include hand clothes, sterile jacket shoes and others. Protective clothing includes food safety, hand insurance and others. Sportswear includes footwear, headgear, and others.
Geographical analysis shows immense growth in regions such as Europe, North America, Asia-Pacific, and Rest of the World.
Among major regions, North America dominates the functional clothing market. The evolution of a healthy lifestyle is one of the main factors influencing the development of this region. People born after World War II are investing more in wellness and preventive measures, which impacted the growth of the market. As a result, the growth of the market is driven by the increasing sports income of the American youth and the increase in investments in sports activities. Mechanical improvements have led to comfort, which mainly attracts the attention of fitness and gaming enthusiasts. For this reason, sportswear has become a widely used fashion trend in North America.
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In February 2022 – the ETERMINANT partnership with one of the best football clubs in the world, FC Barcelona, launched its second collection. The second modern casual collection, which has an aesthetic and bolder look inspired by the FC Barcelona logo, will be launched after the launch of the contemporary formal workwear collection.
In February 2022 – Dickies introduced their new survivalist collection designed to adapt to the terrain. The collection includes hardwearing and military-inspired elements in both men’s and women’s collections, as well as utility garments with camo patterns and moss tones.
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