Garment Active Insulation Market to Exceed Valuation of USD 277.2 Million by 2027
According to a recent report by Reports and Data, the garment active insulation market is projected to reach USD 277.2 million by 2027. The industry's growth is expected to be driven by the incorporation of advanced fabric manufacturing technology for insulation materials. The increasing popularity of footwear and sports apparel, driven by technological advancements in wearables and sporting goods, is also anticipated to contribute to market growth. Additionally, there is a growing demand for yoga apparel, activewear, and performance sportswear.
The industry has seen significant advancements in active
sportswear fabrics to enhance functionality while ensuring comfort for
athletes. Sportswear manufacturers are closely following developments in
science, technology, and the market expansion of fibrous materials. The
application of advanced textile science and technology in the production of
sportswear and leisurewear fabrics is expected to fuel industry growth.
Operational methods such as polymer and fiber technology,
fabric and yarn production techniques, modified fabric and yarn structures, and
finishing techniques are being employed to obtain high-performance fibers.
These methods are likely to have a positive impact on industry growth
worldwide.
In 2019, the North American market was valued at USD 35.9
million, driven by the increasing popularity of outdoor sports and a focus on
fitness and health. The region's demand for sports apparel, including
basketball, baseball, football, tennis, and ice hockey, is expected to drive
the demand for active insulation products.
The COVID-19 pandemic has had a significant impact on the
industry. The supply-demand gap has been exacerbated by insufficient raw
material supply from Chinese producers, and manufacturers have faced challenges
due to lockdowns and disruptions in the logistics industry. To mitigate future
risks, manufacturers are likely to diversify their supply chains and reduce
dependency on a single region.
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Other key findings
from the report include:
- Polyester
accounted for a market share of 52.7% in 2019 due to its superior
properties, such as heat resistance and resistance to decay, dirt, and
alkali, which are expected to drive its demand in the forecast period.
- The
outwear application currently dominates the market and is projected to
reach USD 171.6 million by 2027, primarily driven by the increasing demand
for outerwear products like jackets used in hiking.
- The
Asia Pacific region is expected to grow at a CAGR of 6.9% over the
forecast period due to changing lifestyles, increased per capita income of
the middle-class population, and evolving preferences for comfortable
clothing and luxury brands.
- The
industry in China is anticipated to experience significant growth due to
the shift towards sports and active clothing for daily use and fashion, as
well as changing consumer behavior towards fitness.
- Among
the application segments, footwear is expected to register the highest
CAGR of 6.9% over the forecast period.
- Key
participants in the market include Polartec, PrimaLoft, Inc., W. L. Gore
& Associates, Inc., INVISTA, HDWool, 3M Company, M.I.T.I Spa,
Freudenberg SE, Unger Diffutherm GmbH, and Remmers Ltd., among others.
For the purpose of this report, Reports and Data have
segmented the garment active insulation market based on product, sourcing,
application, and region. The product segment includes polyester, cotton, wool,
and nylon. The sourcing segment is categorized as branded insulation products
and non-branded insulation products. The application segment comprises outwear,
footwear, handwear, and others. The regional outlook covers North America,
Europe (including the UK and France), Asia Pacific (including China, India, and
Japan), MEA, and Latin America (including Brazil).
Garment Active
Insulation Market: Drive factors
Factors driving the growth of the garment active insulation
market include:
1. Incorporation of Advanced Fabric
Manufacturing Technology: The industry is experiencing growth due to the
integration of insulation materials with advanced fabric manufacturing
technology. This enables the production of high-performance garments with
improved insulation properties, driving market expansion.
2. Technological Advancements in
Wearables and Sporting Goods: The continuous advancements in wearables and
sporting goods are contributing to the popularity of footwear and sports
apparel worldwide. As consumers increasingly embrace these technologies, the demand
for garments with active insulation for enhanced comfort and performance is
rising.
3. Increasing Demand for Yoga Apparel,
Activewear, and Performance Sportswear: There is a growing consumer demand for
yoga apparel, activewear, and performance sportswear. As individuals prioritize
fitness and engage in various physical activities, the demand for garments that
provide insulation and comfort during exercise is increasing.
4. Advancements in Active Sportswear
Fabrics: Manufacturers are focusing on developing active sportswear fabrics
that offer high functionality without compromising on comfort. This drive for
innovation in fabric technology is further propelling the growth of the garment
active insulation market.
These driving factors are expected to contribute to the
growth and expansion of the garment active insulation market in the coming
years.
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