Global Functional Apparel Industry

Global Functional Apparel Industry

  • September 2020 •
  • 136 pages •
  • Report ID: 5960631 •
  • Format: PDF
Global Functional Apparel Market to Reach $261.9 Billion by 2027

Amid the COVID-19 crisis, the global market for Functional Apparel estimated at US$111.7 Billion in the year 2020, is projected to reach a revised size of US$261.9 Billion by 2027, growing at a CAGR of 12.9% over the analysis period 2020-2027. Sportswear, one of the segments analyzed in the report, is projected to record a 14.1% CAGR and reach US$100 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Footwear segment is readjusted to a revised 14.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $33 Billion, While China is Forecast to Grow at 12.4% CAGR

The Functional Apparel market in the U.S. is estimated at US$33 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$45.5 Billion by the year 2027 trailing a CAGR of 12.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.5% and 10.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 9.3% CAGR.

Innerwear Segment to Record 10.5% CAGR

In the global Innerwear segment, USA, Canada, Japan, China and Europe will drive the 10.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$13.4 Billion in the year 2020 will reach a projected size of US$26.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$30.9 Billion by the year 2027.We bring years of research experience to this 7th edition of our report. The 136-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,
  • 2 (x)ist
  • Adidas AG
  • Admiral Sportswear Ltd.
  • Asics Corporation
  • Bata Corporation
  • Berghaus Ltd.
  • Brooks Sports, Inc.
  • Calvin Klein, Inc.
  • Clarus Corporation
  • Cole + Parker
  • Columbia Sportswear Company
  • Fenix Outdoor International AG
  • French Connection Group PLC
  • Fruit of the Loom, Inc.
  • Gainup Industries India Pvt. Ltd.
  • Geox SpA
  • Hanesbrands, Inc.
  • HEAD Sport GmbH
  • Hugo Boss AG
  • Icebreaker New Zealand Ltd
  • Jack Wolfskin Retail GmbH
  • Jockey International, Inc.
  • Kappa USA
  • Merrell
  • Mizuno Corporation
  • Mountain Equipment
  • New Balance Athletics, Inc.
  • Nike, Inc.
  • Patagonia, Inc.
  • Penfield Inc.
  • Playboy Enterprises, Inc.
  • Puma SE
  • Red Wing Shoe Company
  • Rhone Apparel Inc.
  • RY International
  • Skechers USA, Inc.
  • Thai Sock Co., Ltd.
  • THORLO, Inc.
  • Tommy Hilfiger
  • Triumph International AG
  • True & Co.
  • Umbro
  • Under Armour, Inc.
  • VF Corporation
  • Victoria Secret, Pink (L Brands)
  • Victoria’s Secret
  • Wacoal
  • Wilson Sporting Goods Co.