The global Functional Apparel for Sportswear Market is forecast to reach USD 519.04 Billion by 2027, according to a new report by Reports and Data. The increase in health and wellness trend is one of the main influencing factors that has propelled the demand for explicitly athletic wear or sportswear items of various types of garments. Consumers around the world have been taking their fitness activity seriously into consideration by indulging in multiple sports and fitness activities. Growing numbers of sports and several other outdoor adventures such as hiking, cycling, etc. are driving the growth of the market. Rapid growth for functionality-specific apparel and footwear, along with rising youth population participation rates in various sporting activities, are some of the main factors expected to drive market growth.

Moreover, growing awareness of health among individuals and increasing willingness to execute workout activities that help combat different ailments are anticipated to fuel the growth. The compression innovation is one of the most common technologies implemented in training clothing, shoes, and socks.

Top Profiled Companies in the Global Functional Apparel for Sportswear Market Report:

Nike Inc., Adidas AG, Asics Corporation, Hanes Brand Inc., Reebok, Jockey International Inc., Russell Brands LLC, PUMA S.E., Hugo Boss AG, and Columbia Sportwear Company

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Further key findings from the report suggest

• In North America, the professional athletic segment accounted for 46.2% of the revenue share in 2019 and is anticipated to grow from USD 46.81 billion in 2019 to USD 80.37 billion. This can be due to their changing lifestyle and increased participation in sports activities.
• Athletic footwear is designed to enhance comfort by reducing/eliminating injuries and aid in improving athletic efficiency. The increase in the occurrence of foot allergies and diseases drives the need for advanced features in athletic shoes and socks continuously. Textile industry manufacturers integrate cutting-edge technology into hosiery goods.
• The hypermarket/supermarket segment is responsible for a larger market share of functional apparel because most of the products/ services are conveniently available at a low rate in such stores. These stores promote the availability of practical fashion items, both branded and private label
• The rising need for eco-friendly products is intended to generate new opportunities for industry growth because of increasing health and environmental issues about many different kinds of fabrics. Technological developments such as anti-bacterial material, sweat-absorbent, and warmer clothing for cold climate are expected to see strong growth over the projected timeframe.

Key Regional Markets Covered in the Report:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)

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Further market segmentation

Product Outlook (Revenue, USD Billion; 2017-2027)

• Sportswear
• Activewear
• Protective Clothing
• Footwear
• Others

Application Outlook (Revenue, USD Billion; 2017-2027)

• Professional Athletic
• Armature Athletic
• Others

Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)

• Supermarkets
• Convenience Stores
• Online

Key Takeaways of the Global Functional Apparel for Sportswear Market Report:

• A comprehensive overview of the global Functional Apparel industry.
• Accurate market projections in terms of market size, share, and volume.
• Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
• Deep-dive analysis of the upcoming market trends.
• Qualitative and quantitative analyses of the global Functional Apparel for Sportswear Market.
• Elaborate study of the leading regional markets in the global Functional Apparel for Sportswear Market.
• Complete overview of the market’s competitive landscape.
• Brief look at the company profiles and portfolios.

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