Industry: Retail and Consumer | Publish Date: 09-Feb-2021 | No of Pages: 423 | No. of Tables: 211 | No. of Figures: 181 | Format: PDF | Report Code : N/A
At an estimated value of over USD 4.58 billion in 2019, the global Compression Wear and Shapewear Market is predicted to thrive at a CAGR of 5.1% and valued at over USD 7.92 billion over the forecast year 2020-2030.
Compression Wear and Shapewear refer to close fitted apparels, mainly designed for making the body appear perfectly shaped, by application of tender pressure at exact body parts. These bodywears improve blood circulation, boost stamina, maintain body balance, and provides muscle stabilization, controls body temperature, and help faster recovery from injuries. In addition, the shapewear helps in contouring the body and makes the appearance slimmer by toning up the excess fat situated on thighs, belly, and other parts of the body.
Factors such as changing lifestyles, rising adoption of compression wear among geriatric population, and advancements in the garment designs as well as fabric technology mainly fuels the growth of this market. In addition, increase in online sales of compression wear & shapewear along with the rising demand for plus size clothing significantly boosts the compression wear and shapewear market growth. However, several health complications including breathing issues, blood clots, and acid reflux triggered by tightly worn shapewear and compression wear may hamper the market growth to some extent. On the other hand, the rising population across the globe with increase in disposable income are anticipated to create opportunities to further propel the market growth.
The global compression wear and shapewear market report is segmented on the basis of product type, gender, application, distribution channel, and geography. On the basis of product type, the market is segmented into compression wear and shapewear. According to the gender, the market is segmented into female and male. On the basis of application, the market is divided into body shaping & lifestyle, and performance & recovery. According to the distribution channel, the market is segmented into specialty retail stores, multi-retail stores, and online channels. Geographic fragmentation and analysis of each segment includes regions comprising North America, Europe, Asia Pacific and RoW.
In terms of geography, North America held major share of the market in 2019. This is attributed to the extensive popularity of athletics & sports and presence of huge number of consumer with advanced lifestyle. Compression bottoms, shirts, sleeves, and socks among others are the most popular compression wear whereas waist cinchers, bodysuits, and briefs are popular shapewear products in U.S. However, Asia pacific is expected to grow rapidly with increasing market size due to growing obesity as well as rise in disposable income across several countries in the region.
Maximum growth opportunities make the industry highly competitive. Some of the major players in the market are Nike Inc., Spanx Inc., Triumph International Corporation, Adidas AG, Under Armour Inc., Leonisa SA, Ann Chery, 2XU Pty Ltd., Wacoal America Inc., and Skins International Trading AG and many more. A number of developmental strategies have been adopted by companies in the past few years. For instance, in January 2019, Nike launched its first-ever apparel collection mainly designed for yoga. On the other hand, in March 2020, Under Armour South Africa hosted a Tech Summit in Cape Town to showcase its latest product technology as well as the collections at the forefront of its strategy in 2020.
The compression wear and shapewear market report provides the quantitative analysis of the current market and estimations through 2020-2030 that assists in identifying the prevailing market opportunities to capitalize on.
The study comprises an extensive analysis of the compression wear and shapewear market trend including the current and future trends for depicting the prevalent investment pockets in the market
The information related to key drivers, restraints and opportunities and their impact on the market is provided in the report.
The market share of the players in the global market along with their competitive analysis.
Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.
Compression Wear
Bottoms
Tops
Socks
Sleeves
Stockings
Others
Shapewear
Female
Male
Body Shaping & Lifestyle
Performance & Recovery
Specialty Retail Stores
Multi-Retail Stores,
Online Channels
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
Rest of World
Brazil
South Africa
Remaining Countries
REPORT SCOPE AND SEGMENTATION:
Parameters |
Details |
Analysis Period |
2019–2030 |
Base Year Considered |
2020 |
Forecast Period |
2020–2030 |
Market Size Estimation |
Billion (USD) |
Market Segmentation |
By Product Type (Compression Wear, Bottoms, Tops, Socks, Sleeves, Stockings, Others, Shapewear) By Gender (Female, Male) By Application (Body Shaping & Lifestyle, Performance & Recovery) By Distribution Channel (Specialty Retail Stores, Multi-Retail Stores, Online Channels) |
Geographical Segmentation |
North America (U.S., Canada, Mexico) Europe (UK, Germany, Italy, France, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), Rest of the World (Brazil, South Africa, Remaining Countries) |
Companies Profiled |
Nike Inc., Spanx Inc., Triumph International Corporation, Adidas AG, Under Armour Inc., Leonisa SA, Ann Chery, 2XU Pty Ltd., Wacoal America Inc., and Skins International Trading AG. |
Nike Inc.
Spanx Inc.
Triumph International Corporation
Adidas AG
Under Armour Inc.
Leonisa SA
Ann Chery
2XU Pty Ltd.
Wacoal America Inc.
Skins International Trading AG