The latest research study by IMARC Group, “Compression Wear and Shapewear Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” offers a comprehensive analysis of the industry, which comprises insights on global compression wear and shapewear market size. The global compression wear and shapewear market reached a value of US$ 14.19 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 22.27 Billion by 2027 exhibiting a CAGR of 7.50% during 2022-2027.
Compression Wear and Shapewear Industry Outlook:
Compression wear and shapewear are tight-fitting garments designed to keep the body in a specific posture. They improve athletic performance by reducing muscular fatigue, decreasing exertion, boosting power and jumping capacity, and enhancing oxygen flow to muscles. They also assist in keeping the garment dry by raising the water upward from the fabric to draw sweat to the surface. They help new mothers by simplifying their daily tasks and offering back and stomach support after delivery. They also help prevent vein congestion and deep vein thrombosis (DVT). As a result, compression wear and shapewear are gaining immense traction across the globe.
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The global compression wear and shapewear market is primarily driven by the rising fitness consciousness among individuals due to the increasing prevalence of chronic diseases. Moreover, the easy availability of compression wear and shapewear through online and offline retail channels is positively influencing the market growth. Additionally, the increasing participation of individuals in sports activities is another major growth-inducing factor.
Besides this, the growing usage of numerous technologies, such as laser cutting and bonding, that assist in eliminating hems, seams, and bulky fastenings in compression wear and shapewear has accelerated the product adoption rate. Along with this, the escalating demand for garments made from breathable and soft fabric is also augmenting the market growth. Furthermore, the market is also propelled by the surging product adoption to contour and make the body look slimmer by toning up the excess fat from different parts like the thighs and belly.
Other factors, including continual technological advancements, rising adoption of compression wear among the geriatric population, improving lifestyles, and inflating consumer disposable incomes, are anticipated to propel the market growth.
|Compression Wear and Shapewear Market Report Scope|
|Market size value in 2021||US$ 14.19 Billion|
|Market forecast in 2027||US$ 22.27 Billion|
|Growth Rate||CAGR of 7.50% from 2022 to 2027|
|Base year for estimation||2021|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Market Dynamics||Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,|
|Customization preview||If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.|
Key Market Segmentation:
The report has segmented the global compression wear and shapewear market on the basis of product type, gender, distribution channel, application and region.
Breakup by Product Type:
- Compression Wear
- Socks, Stockings and Others
Breakup by Gender:
Breakup by Distribution Channel:
- Multi-Retail Stores
- Specialty Retail Stores
- Online Channels
Breakup by Application:
- Performance and Recovery
- Body Shaping and Lifestyle
Breakup by Geography:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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List of Key Companies Covered in this Market Report:
The major players in the market are 2XU Pty Ltd, Adidas AG, Anita Dr.Helbig GmbH, EC3D Orthopaedic, Hanesbrands Inc. (Sara Lee Corporation), Nike Inc., Omtex Healthwear Pvt. Ltd., Orion Manufacturing Inc., Puma SE (Artemis S.A), Spanx Inc., Under Armour Inc., Wacoal America Inc and Zoot Sports Inc. (K2 Sports LLC).
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