Compression Wear and Shapewear Market by Production, Demand, Supply and Revenue Forecast 2021-2030

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.

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Competitive Landscape

Maximum growth opportunities make the compression wear and shapewear market 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.

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Market Segmentations and Scope of the Study:

The global compression wear and shapewear market share 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.

Geographical Analysis

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.

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