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Compression Wear and Shapewear Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A5233
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Market Overview:
The global compression wear and shapewear market size reached US$ 15.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 22.7 Billion by 2028, exhibiting a growth rate (CAGR) of 6.3% during 2023-2028.
Compression wear and shapewear are tight-fitted garments designed to hold the body in a particular posture. They enhance athletic performance by reducing muscle fatigue, lowering the level of exertion, increasing power and jumping abilities, and improving oxygen flow to muscles. They aid in preventing deep vein thrombosis (DVT) and congestion in the veins. They also assist in keeping the garment dry by raising the water upward from the fabric and allowing sweat to be drawn to the surface. Besides this, they are used after childbirth to provide stomach and back support and simplify the daily duties of new mothers.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Compression Wear and Shapewear Market Trends:
At present, there is a rise in the fitness consciousness among individuals on account of the growing prevalence of chronic diseases. This is increasing the utilization of compression wear and shapewear for exercising across the globe. Moreover, the growing participation of individuals in sports activities is positively influencing the market. In addition, various technologies like bonding and laser cutting are helping eliminate seams, hems, and bulky fastenings in compression wear and shapewear. This, along with the escalating demand for garments with softer and more breathable fabrics, is contributing to the growth of the market. Besides this, the wide availability of compression wear and shapewear through online and offline stores is stimulating the growth of the market. Additionally, they help contour and make the body appear slimmer by toning up the excess fat from different parts like thighs and belly, which is bolstering the market growth. Other growth-inducing factors are the rising adoption of compression wear among the geriatric population and advancements in garment designs and fabric technology.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global compression wear and shapewear market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, gender, distribution channel and application.
Breakup by Product Type:
- Compression Wear
- Bottoms
- Tops
- Sleeves
- Socks, Stockings and Others
- Shapewear
Breakup by Gender:
- Male
- Female
Breakup by Distribution Channel:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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- Multi-Retail Stores
- Specialty Retail Stores
- Online Channels
Breakup by Application:
- Performance and Recovery
- Body Shaping and Lifestyle
Breakup by Region:
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- 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
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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).
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | US$ Billion |
| Segment Coverage | Product Type, Gender, Distribution Channel, Application, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | 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) |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global compression wear and shapewear market was valued at US$ 15.3 Billion in 2022.
We expect the global compression wear and shapewear market to exhibit a CAGR of 6.3% during 2023-2028.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of compression wear and shapewear.
The growing consumer consciousness towards physical appearences, along with the increasing demand for compression wear and shapewear to contour and make the body appear slimmer by toning up the excess fat from different parts, is primarily driving the global compression wear and shapewear market.
Based on the product type, the global compression wear and shapewear market has been categorized into compression wear and shapewear. Currently, compression wear holds the majority of the total market share.
Based on the gender, the global compression wear and shapewear market can be segmented into male and female, where male currently accounts for the largest market share.
Based on the distribution channel, the global compression wear and shapewear market has been bifurcated into multi-retail stores, specialty retail stores, and online channels. Among these, specialty retail stores exhibit clear dominance in the market.
Based on the application, the global compression wear and shapewear market can be divided into performance and recovery and body shaping and lifestyle. Currently, performance and recovery holds the majority of the global market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global compression wear and shapewear market include 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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