Compression Wear and Shapewear Market Size Worth USD $6.95 Billion by 2030, Growing at 7.7% CAGR From 2021-2030
๐๐ก๐ ๐๐จ๐ฆ๐ฉ๐ซ๐๐ฌ๐ฌ๐ข๐จ๐ง ๐ฐ๐๐๐ซ ๐๐ง๐ ๐ฌ๐ก๐๐ฉ๐๐ฐ๐๐๐ซ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฌ๐ข๐ณ๐ ๐ฐ๐๐ฌ ๐ฏ๐๐ฅ๐ฎ๐๐ ๐๐ญ $๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ข๐ง ๐๐๐๐, ๐๐ง๐ ๐ข๐ฌ ๐ฉ๐ซ๐จ๐ฃ๐๐๐ญ๐๐ ๐ซ๐๐๐๐ก $๐.๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐๐ฒ ๐๐๐๐, ๐ซ๐๐ ๐ข๐ฌ๐ญ๐๐ซ๐ข๐ง๐ ๐ ๐๐๐๐ ๐จ๐ ๐.๐% ๐๐ซ๐จ๐ฆ ๐๐๐๐ ๐ญ๐จ ๐๐๐๐.According to a new report published by Allied Market Research, titled, "Compression Wear and Shapewear Market Size, Share, Competitive Landscape and Trend Analysis Report by Product Type, Gender, Application and Distribution Channel : Global Opportunity Analysis and Industry Forecast, 2021-2030". The report offers an in-depth analysis of the prime investment opportunities, successful strategies, key drivers, and prospects, alongside market size projections, competitive terrain, and evolving trends within the Compression Wear and Shapewear market.
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Growth of the market is driven by rise in disposable income of consumers, advancements in the fabric technology & garment designs, rise in popularity of compression wear among the geriatric population, change in lifestyles of people, and increase in demand for compression wear arising from fitness industry. However, health issues such as blood clots, breathing problem, and acid reflux caused from tightly worn compression and shapewear, restrains the market growth. Product development and innovative marketing & promotion strategies are anticipated to provide lucrative business opportunities for the players in the future.
A few major players dominate the market, each holding a substantial share of the overall market. While shapewear initially gained popularity among women, its demand has expanded to include teenage girls, driven by increasing awareness about physical appearance. Additionally, shapewear, including trunks, girdles, briefs, vests, and others, has garnered popularity among men. However, the shapewear market is anticipated to witness sluggish growth due to various side effects associated with its usage and the availability of multiple substitutes like yoga pants and leggings.
Compression wear, comprising items such as tights, shirts, sleeves, and others, is favored among professional athletes, with growing adoption among sportsmen in baseball, basketball, and football. Furthermore, the athleisure trend, involving the casual wear of compression shirts and pants, is gaining traction in developed nations such as the U.S. and the UK. Compression stockings and sleeves used for treating health conditions have also seen increased demand from the global geriatric population.
The male users segment leads the global compression wear & shapewear market, owing to higher adoption of compression wear. Moreover, majority of men also prefer compression garments during a workout, further fueling the demand from the male consumer segment. The female consumer segment is expected to grow at a highest growth rate over the anticipated period, owing to rise in female interest for fitness and comfortable clothing and increase in participation of women in sports activities. Furthermore, companies such as Nike, Under Armour, and others have started to target the women segment with the launch of new product lines and establishment of women-specific stores.
Compression wear & shapewear are tight-fitted apparels designed specifically to keep the body in a certain posture. Increase in disposable income of customers, advancements in the fabric technology & garment designs, rise in popularity of shapewear among the geriatric population, and change in lifestyles drive the market growth of shapewear segment.
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Application wise, the performance & recovery segment accounted for the maximum revenue share of $2.96 billion in 2020. This segment is expected to grow at the highest CAGR of 6.2% during the forecast period, owing to extensive usage of compression wear to prevent injuries, improve blood circulation, and speed up recovery.
Among various distribution channels, the specialty retail stores segment held the highest revenue share of 62%, and is expected to maintain its dominance ahead as well. This segment constitutes company-owned outlets that possess extensive penetration in various geographies and sell wide product lines of compression wear and shapewear. However, the compression wear & shapewear market growth is expected through online sales channels with a high CAGR of 8.6%, owing to wide product availability on e-commerce websites and rise in Internet penetration in Asia-Pacific and LAMEA.
The compression wear segment dominated the overall market in 2020, accounting for over 70% of the revenue, due to the widespread usage of various types of compression wear by professional athletes and lifestyle users practicing recreational exercises. Growth of this segment is driven by the vast health benefits offered by these garments, such as improved performance, body temperature maintenance, reduced muscle fatigue, and prevention of injury.
๐๐จ๐ฆ๐ ๐ค๐๐ฒ ๐จ๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐๐ง๐ ๐๐ฎ๐ญ๐ฎ๐ซ๐ ๐ ๐ซ๐จ๐ฐ๐ญ๐ก ๐ฉ๐ซ๐จ๐ฌ๐ฉ๐๐๐ญ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐จ๐ฆ๐ฉ๐ซ๐๐ฌ๐ฌ๐ข๐จ๐ง ๐ฐ๐๐๐ซ ๐๐ง๐ ๐ฌ๐ก๐๐ฉ๐๐ฐ๐๐๐ซ:
๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ ๐๐ง๐ญ๐๐ ๐ซ๐๐ญ๐ข๐จ๐ง: Integration of advanced materials and technologies such as moisture-wicking fabrics, seamless construction, and 3D printing techniques can enhance the performance and comfort of compression wear and shapewear. Innovations like smart fabrics embedded with sensors for monitoring body metrics or providing therapeutic benefits could open new markets and drive growth.
๐๐ญ๐ก๐ฅ๐๐ข๐ฌ๐ฎ๐ซ๐ ๐๐ซ๐๐ง๐: The growing popularity of athleisure wear, which combines style and functionality, presents a significant opportunity for compression wear manufacturers. Athleisure compression wear can cater to consumers seeking versatile apparel suitable for both active and casual wear, expanding the target market beyond athletes and fitness enthusiasts.
๐๐๐๐ข๐๐๐ฅ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง๐ฌ: Compression wear serves various medical purposes, including post-surgery recovery, lymphedema management, and injury prevention. With an aging population and increasing prevalence of chronic conditions such as diabetes and venous disorders, there is a growing demand for medical-grade compression garments. Manufacturers can capitalize on this trend by developing specialized products tailored to specific therapeutic needs.
๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐๐ง๐ ๐๐๐ซ๐ฌ๐จ๐ง๐๐ฅ๐ข๐ณ๐๐ญ๐ข๐จ๐ง: Offering customized and personalized compression wear and shapewear solutions can enhance customer satisfaction and loyalty. Technologies like 3D body scanning and AI-driven sizing algorithms enable precise fitting and customization, catering to individual body shapes and preferences. By providing bespoke products, companies can differentiate themselves in the market and command premium pricing.
๐-๐๐จ๐ฆ๐ฆ๐๐ซ๐๐ ๐๐ฑ๐ฉ๐๐ง๐ฌ๐ข๐จ๐ง: The proliferation of e-commerce platforms has transformed the retail landscape, offering consumers convenient access to a wide range of products. Compression wear and shapewear brands can capitalize on this trend by strengthening their online presence, leveraging digital marketing strategies, and enhancing the omnichannel shopping experience. Direct-to-consumer (DTC) models enable companies to bypass traditional distribution channels and engage directly with customers, driving sales and brand awareness.
๐๐ง๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ข๐ญ๐ฒ ๐๐ง๐ ๐๐ข๐ฏ๐๐ซ๐ฌ๐ข๐ญ๐ฒ: Embracing inclusivity and diversity in product offerings and marketing campaigns can resonate with a broader audience and drive brand loyalty. Catering to diverse body types, skin tones, and cultural backgrounds reflects the evolving societal norms and preferences. Companies that prioritize inclusivity and representation in their product designs and messaging are likely to gain a competitive edge and foster stronger connections with consumers.
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๐๐จ๐ฆ๐ ๐จ๐ ๐ญ๐ก๐ ๐ค๐๐ฒ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐จ๐ฉ๐๐ซ๐๐ญ๐ข๐ง๐ ๐ข๐ง ๐ญ๐ก๐ ๐ ๐ฅ๐จ๐๐๐ฅ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฌ๐ฎ๐๐ก ๐๐ฌ:
โข Nike Inc.
โข Spanx Inc.
โข Adidas AG
โข Triumph International Corporation
โข Leonisa SA
โข Wacoal America Inc.
โข Ann Chery
โข 2XU Pty Ltd.
โข Under Armour Inc.
โข Jockey.
๐๐๐ฒ ๐๐๐ง๐๐๐ข๐ญ๐ฌ ๐ ๐จ๐ซ ๐๐ญ๐๐ค๐๐ก๐จ๐ฅ๐๐๐ซ๐ฌ:
โ The study provides an in-depth analysis of the global compression wear & shapewear market share, with current trends and future estimations to elucidate the imminent investment pockets.
โ It presents a quantitative analysis from 2020 to 2030, which is expected to enable the stakeholders to capitalize on prevailing compression wear & shapewear market opportunities.
โ Competitive intelligence highlights the business practices followed by leading players across various regions.
โ An in-depth analysis of the compression wear & shapewear market trends helps determine the prevailing market opportunities
โ The report includes detailed analysis of the regional and global markets, key players, market segments, competitive scenarios, sales areas, and growth strategies.
๐๐๐๐ฌ๐จ๐ง๐ฌ ๐ญ๐จ ๐๐ฎ๐ฒ ๐๐จ๐ฆ๐ฉ๐ซ๐๐ฌ๐ฌ๐ข๐จ๐ง ๐๐๐๐ซ ๐๐ง๐ ๐๐ก๐๐ฉ๐๐ฐ๐๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ:
โข Procure strategically important competitor information, analysis, and insights to formulate effective R&D strategies.
โข Recognize emerging players with potentially strong product portfolio and create effective counter-strategies to gain competitive advantage.
โข Classify potential new clients or partners in the target demographic.
โข Develop tactical initiatives by understanding the focus areas of leading companies.
โข Plan mergers and acquisitions meritoriously by identifying Top Manufacturer.
โข Develop and design in-licensing and out-licensing strategies by identifying prospective partners with the most attractive projects to enhance and expand business potential and Scope.
โข Report will be updated with the latest data and delivered to you within 2-4 working days of order.
โข Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
โข Create regional and country strategies on the basis of local data and analysis.
๐๐๐๐ ๐๐จ๐ซ๐ ๐๐ซ๐๐ง๐๐ข๐ง๐ "๐๐๐ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:
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https://www.alliedmarketresearch.com/plus-size-clothing-market-A07966
โ Polo Shirt Market Growth Opportunities In Global Industry By 2029
https://www.alliedmarketresearch.com/polo-shirt-market-A08010
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https://www.alliedmarketresearch.com/ice-hockey-apparel-market-A14355
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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