Functional Apparels Market Future Market Implementation & Market Outlook 2023
The global functional apparels market has been divided, by end user, into men and women. The men segment is expected to dominate the global functional apparels market during the assessment period. Large men population involved in gymnasium and other activities including cycling, golfing, skateboarding, and many more looking for comfort and style are expected to fuel the global functional apparels market during the forecast period. Large number of men are employed in jobs involving high life risk such as real estate and factories manufacturing goods which require safety precautions at work are further boosting the global functional apparels market.
Key Players:
Some of the key players in the global functional apparels market are Adidas AG (Germany), Icebreaker (New Zealand), Tommy Hilfiger Licensing LLC (Netherlands), Nike, Inc. (US), New Balance Athletics, Inc. (US), Under Armour, Inc. (US), ASICS Corporation (Japan), Russell Brands, LLC (US), Skechers USA, Inc. (US), and Puma SE (Germany).
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Regional Analysis:
The global functional apparels market has been segmented by North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific is expected to dominate and continue to grow rapidly during the forecast period. High adoption of cross cultural fashion trends, growing inclination for outdoor sports and increasing need for safety gears in hazardous work life are expected to increase the adoption of functional apparels across the region.
Segmentation:
The global functional apparels market has been segmented based on product type, end use, and region. The global functional apparels market has been classified as end use into men and women. By product type, the global functional apparels market has been segregated into protective wear, sportswear, laboratory wear, and others.
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