Press release
Compression Wear And Shapewear Market 2024 - By Size, Demand, Trends, Top Companies, Growth Drivers And Forecast 2033
Compression Wear And Shapewear Market
The Business Research Company offers in-depth market insights through Compression Wear And Shapewear Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The compression wear and shapewear market size has grown strongly in recent years. It will grow from $4.8 billion in 2023 to $5.17 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to health and fitness awareness, medical applications, fashion and aesthetics, body image perception, athletic performance enhancement, post-surgical recovery.
The compression wear and shapewear market size is expected to see strong growth in the next few years. It will grow to $6.92 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to aging population, e-commerce growth, posture correction, rising health consciousness, recovery from physical activities, body positivity movement. Major trends in the forecast period include integration of smart textiles, fashion-forward shapewear designs, inclusive sizing and body positivity, customization and personalization options, celebrity endorsements, integration of anti-cellulite and skincare features.
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Market Segmentation:
The compression wear and shapewear market covered in this report is segmented -
1) By Product Type: Compression Wear, Shapewear
2) By Gender: Male, Female
3) By Application: Performance And Recovery, Body Shaping And Lifestyle
4) By Distribution Channel: Multi-Retail Stores, Specialty Retail Stores, Online Channels
Major Driver - Rapid Urbanization Fuels Compression Wear And Shapewear Market
Rapid urbanization is significantly contributing to the growth of the compression wear and shapewear market. Urbanization refers to the population movement from rural to urban settings and increasing human population densities in urban areas. Growth in urbanization is increasing the awareness of the urban population for fitness consciousness and participation in sports activities and this will further drive the adoption of compression wear and shapewear. For instance, according to the Department of Economic and Social Affairs, United Nations, 68% of the world's population i.e., 2.5 billion people are projected to live in urban areas by 2050. Therefore, rapid urbanization will propel the compression wear and shapewear market growth.
Competitive Landscape:
Major companies operating in the compression wear and shapewear market report are Nike Inc., Adidas AG, Shein Inc., Hanesbrands Inc., Under Armour Inc., Triumph International, Wacoal America Inc., SKIMS Solutions Inc., JOCKEY International Inc., Spanx Inc., Good American LLC, EC3D Orthopaedic Inc., Hanky Panky Inc., Acme-McCrary Corporation., 2XU Pty. Ltd., Freya Lingerie Ltd., medi GmbH & Co. KG, Design Veronique, Curvy Kate Limited, Negative Underwear Inc., Anita Dr. Helbig GmbH, Ann Chery, CW-X, Leonisa S.A., Maidenform Brands Inc., Bali Bras & Lingerie LLC, Charnos Holdings Limited, Nubian Skin Inc., Dia & Co. LLC, True & Co. Inc.
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Top Trend - Innovative Compression Garments Collection Redefining Comfort And Effectiveness
Major companies operating in the compression wear and shapewear market are increasing their focus on introducing innovative compression garments to gain a competitive edge in the market. Compression garments are specialized clothing designed to apply controlled pressure to specific areas of the body. For instance, in July 2023, The Marena Group, a US-based garment company, launched a collection of innovative lipedema garments. The collection includes post-surgical compression garments for lipedema procedures and management. The garments feature the innovative FlexFit Comfort Ankle, which has a unique foot construction with gliding compression panels that allow for improved comfort and mobility without constricting. The garments are made with TriFlex fabric, which has 3D stretch, moisture-wicking and cooling properties, silhouette-forming capabilities, and antimicrobial properties to ensure ultimate comfort, compliance, and results.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Compression Wear And Shapewear Market Characteristics
3. Compression Wear And Shapewear Market Trends And Strategies
4. Compression Wear And Shapewear Market - Macro Economic Scenario
5. Compression Wear And Shapewear Market Size And Growth
…..
27. Compression Wear And Shapewear Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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