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Shapewear Products Market worth $9.83 billion by 2030, growing at a CAGR of 7.95% - Exclusive Report by 360iResearch
Shapewear Products Market | 360iResearch
The Global Shapewear Products Market to grow from USD 5.75 billion in 2023 to USD 9.83 billion by 2030, at a CAGR of 7.95%.
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Shapewear products are specialized undergarments designed to alter the wearer's body contour to achieve a more streamlined appearance. The shapewear market comprises various garments designed to temporarily change the wearer's body shape and silhouette, offering a smoother and more toned appearance. Intended for both men and women, these products cater to different body parts and are made of materials such as spandex, nylon, and cotton to provide varying compression levels. Rising attention to a slim physical appearance among people across the globe and increasing awareness related to fitness, advancement in fabric technology, and more comfortable garments are driving the market growth. Growing participation in sports and physical activity coupled with high disposable income also accelerates the market development. A concern associated with the probable side effects of wearing shapewear products and interbrand competition among market players could restrict market growth. The significant demand for shapewear products generated from the geriatric population, along with the rising adoption of the internet and boost in the global penetration of eCommerce, represents growth opportunities in the shapewear market.
In the United States, the demand for shapewear products is driven by increasing consumer awareness about body image and the importance of looking fit and toned. Celebrity endorsements and social media trends also influence customers. The United States market is characterized by a high rate of innovation and a diverse product range catering to different body types and consumer preferences. Canadian consumers prefer premium, eco-friendly, and sustainably produced shapewear. In South America, the demand for shapewear is influenced by cultural beauty standards that prize a specific body contour, one that can be accentuated by shapewear. The European Union hosts an established shapewear market with a high demand for luxury brands. The market is highly fashion-conscious, with consumers looking for shapewear that offers functionality and aligns with the latest trends. EU countries show a strong preference for high-quality materials and are increasingly concerned with sustainability in the production of garments. In the MEA region, the shapewear market is emerging, with the Middle East, in particular, showing significant growth due to elevating disposable incomes and a growing interest in fashion and personal appearance. The market is developing in Africa, with increasing urbanization and the impact of Western fashion trends. In Asia-Pacific, China, Japan, and India are key shapewear markets supported by an expanding middle class and growing health and body shape consciousness. Japan's shapewear market is developed, focusing on quality and fabric technology.
Market Segmentation & Coverage:
This research report categorizes the Shapewear Products Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Gender, market is studied across Female and Male. The Female commanded largest market share of 88.77% in 2023, followed by Male.
Based on Application, market is studied across Body Shaping, Menstrual/Period Wear, and Performance and Recovery. The Body Shaping commanded largest market share of 51.38% in 2023, followed by Performance and Recovery.
Based on Distribution Channel, market is studied across Modern Trade, Online Channels, and Specialty Retail Store. The Modern Trade commanded largest market share of 48.87% in 2023, followed by Specialty Retail Store.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 38.03% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Shapewear Products Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Shapewear Products Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Shapewear Products Market, highlighting leading vendors and their innovative profiles. These include 2XU Pty. Ltd., Actoserba Active Wholesale Private Limited, Adidas AG, Amoena Medizin-Orthopädie-Technik GmbH, Ann Chery, Classic Shapewear, Corset Story UK, FarmaCell shapewear, Hanesbrands Inc., Jockey International, Inc., Karl Mayer, Leonisa S.A., Marks and Spencer PLC, Miraclesuit, Motherhood Maternity, Orion Manufacturing Inc., Shapeez, Inc., Spanx, Inc., Squeem LLC, The London Corset Company, Triumph International Corporation, Under Armour, Inc., Van de Velde N.V., Wacoal America, Inc., and Yummie.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Shapewear Products Market, by Gender
7. Shapewear Products Market, by Application
8. Shapewear Products Market, by Distribution Channel
9. Americas Shapewear Products Market
10. Asia-Pacific Shapewear Products Market
11. Europe, Middle East & Africa Shapewear Products Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Shapewear Products Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Shapewear Products Market?
3. What is the competitive strategic window for opportunities in the Shapewear Products Market?
4. What are the technology trends and regulatory frameworks in the Shapewear Products Market?
5. What is the market share of the leading vendors in the Shapewear Products Market?
6. What modes and strategic moves are considered suitable for entering the Shapewear Products Market?
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sales@360iresearch.com
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
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