High Performance Apparel Market REPORT OVERVIEW
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The global high performance apparel market size was USD 1000 million in 2022 and is projected to touch USD 22815.51 million by 2031, at a CAGR of 9.6% during the forecast period.
High performance clothing is made to improve an athlete’s performance. This includes clothing that is lightweight, breathable, and well-fitting. High performance clothing (HPC) is designed to go above and beyond the typical functions of clothes to execute a function or attain a given degree of performance. Sportswear and protective clothing are two categories under which high performance clothing can be grouped. Wearers of protective clothing can shield themselves from risks brought on by threatening working conditions, hostile behaviors, or dramatic changes in exposed situations. Through moisture control, temperature regulation, and other methods, HPA aids athletes and other active people in staying cool, comfortable, and dry when wearing sportswear.
Therefore, apparel has many different applications, ranging from defence against hazardous situations to enhancements in performance and quality of life. The main factors that determine whether a garment performs as expected include the fibre type, yarn and fabric structure, finishing method, and garment design. Every textile assembly starts with fibres, and the chemical, mechanical, and morphological qualities of those fibres directly affect how well clothing functions. Improved mechanical qualities were the key factor in the development of man-made fibre for high performance applications.
COVID-19 Impact: Large Apparel Brands to Suffer Due to Cancelled Events
COVID-19 was a once-in-a-lifetime health and economic disaster, which permanently changed the way people work and live. The effects on the consumer goods industry was profound and lasting; we will not be going back to the world we knew. This crisis had fundamentally changed how and what consumers bought and accelerated immense structural changes in the consumer goods industry. The apparel market witnessed a slump in growth due to cancelled events and tournaments which led to decrease in sale of high performance apparel.
Large brands in particular were suffering and frequently failed to win over the loyalty of younger customers. Compared to their parents, millennials were four times more likely to steer clear of popular food brands. The top retailers are growing at a rate of 65%, which puts pressure on grocery stores and makes them more challenging trade partners. The industry's economic-profit growth has decreased as a result. Consumer products firms often deal with a disparity in investor expectations. They must, assuming steady margins, increase organic growth in the industry in order to maintain present valuations.
LATEST TRENDS
"Advanced Knitting Techniques to Increase Market Growth"
Sports and fitness clothes and protective clothing make up the two segments of high performance apparel market now. In its broadest meaning, it can be characterised as garment or clothing that is intended to serve or function for a certain purpose. In all likelihood, this definition could also be enlarged to include clothing that promotes health and well-being, which crosses over into both sports and protection.
High Performance Apparel Market SEGMENTATION
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- By Type
Based on type; the market is divided into Synthetic, Cotton and Wool
In terms of product, Synthetic is the largest segment, with a share over 40%.
- By Application
Based on application; the market is divided into Sports Wear and Protective Clothing
In terms of application, the largest application is Sport Wear.
DRIVING FACTORS
"Social Media to Enhance Market Growth"
High performance apparel market growth increased with the usage of social media. The popularity of fashion and trends has increased as a result of social media, which will raise demand for high-quality clothing that can stay up with these trends. Through social media, there has been a rise in customer knowledge of environmental sustainability, which has encouraged them to buy more environmentally friendly goods. Today, many high performance clothes businesses use sustainable materials like organic cotton and recycled polyester fibres.
"Comfort and Durability in High Performance Apparel to Stir Market Growth"
A crucial factor for high performance clothing is durability. Clothing must maintain its integrity since it is constantly worn, washed, and subjected to diverse movements. The mechanical and physical qualities of materials used for clothing affect their functionality and appeal. High performance clothing is created with all the potential hazards in mind, so it is durable, self-cleaning, comfortable, and water-repellent.
RESTRAINING FACTORS
"Dimensional Properties to Plunge the Market Growth"
Dimensional stability is a common issue when characterising the performance of clothing. It is determined whether a product can withstand the "care label" guidelines by applying accelerated test methods 4-5 to wash and dry it under the advised circumstances and carefully measuring any changes in measurements. The most frequent issue with knitted items, side seam twisting or garment torque6, may be measured with the right test procedure. While marking and taking measurements, controversy develops. To ensure the desired characterisation, it is crucial to have a thorough understanding of the test method, apply it appropriately, and interpret the test results correctly.
High Performance Apparel Market REGIONAL INSIGHTS
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"Asia Pacific to Fuel Market Growth Due to Increased Production "
Asia Pacific is the dominating market and holds the largest part of high performance apparel market share with over 45%. Major market companies' presence in the area is predicted to increase market share. The vast number of manufacturing facilities present in various nations is anticipated to increase market share. It is projected that countries would make the largest contributions to help increase market share. Businesses in the area are reaching out to and supplying consumers through online channels, which is expected to increase demand for the product.
KEY INDUSTRY PLAYERS
The analysis provides a broad overview of the key players in the high performance apparel industry as well as a synopsis of the company's market share. The companies, aspiring to enter the high performance apparel market are also mentioned in the report. The companies that produce and introduce new products, the areas where they operate, automation, technology adoption, creating the greatest income, and making a difference with their products are some of the other factors that are looked at for this market.
List of Market Players Profiled
- Under armour (U.S.)
- Nike (Portland)
- Adidas (Germany)
- VF (Hong kong)
- Lululemon (Canada)
- Columbia (Portland)
- Puma (Germany)
- Arc’teryx (Canada)
- FILA (South Korea)
- Patagonia (California)
- 11 (California)
- Vista Outdoor (Utah)
- Viking Life (U.S.)
- Delta Plus (France)
INDUSTRY DEVELOPMENT
February 2019: NIKE now recycles materials from worn-out clothing and shoes by grinding them into new goods. Nike has highlighted two ground-breaking inventions as a result of its ongoing exploration of ways to embrace sustainability. NIKE Flyknit and the increased usage of recycled polyester in performance wear.
REPORT COVERAGE
The market research report provides a thorough review of the developments affecting the high performance apparel market. In-depth insights on drivers, restraints, opportunities, and current trends of market. Historical data and forecast are provided. The study also provides Developments, acquisitions, mergers, expanding production lines and trends of the market. Estimations for the forecast period 2028 is given. The report will help you in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns, and so on.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 10000 Million in 2022 |
Market Size Value By |
US$ 22815.51 Million by 2031 |
Growth Rate |
CAGR of 9.6% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the high performance apparel market expected to touch by 2031?
The high performance apparel market expected to touch USD 22815.51 million by 2031.
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What CAGR is the performance apparel market expected to exhibit by 2031?
The performance apparel market is expected to exhibit 9.6% by 2031.
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Which are the driving factors of the performance apparel market?
Durability and Comfort of the apparel are the driving factors of the performance apparel market.
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Which are the top companies operating in the performance apparel market?
Under armour, Nike, Adidas, VF, Lululemon, Columbia, Puma, Arc’teryx, FILA, Patagonia, 5.11, Vista Outdoor, Viking Life are the top companies operating in the performance apparel market.