USD 5.06 billion
Compression Wear and Shapewear Market Size, Share, Growth Analysis, By Product(Compression wear, Bottoms, Tops, Sleeves), By Gender(Female and male), By Application(Performance & Recovery, and Body Shaping & Lifestyle), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25M2042 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
90
|Figures:
66
Compression Wear and Shapewear Market Insights
Compression Wear and Shapewear Market size was valued at USD 5.06 billion in 2021 and is poised to grow from USD 5.32 billion in 2022 to USD 7.92 billion by 2030, growing at a CAGR of 5.1% in the forecast period (2023-2030).
The Global compression wear and shapewear market has experienced substantial growth in recent years, driven by increasing health and fitness consciousness, rising demand for body shaping and contouring solutions, and the popularity of athleisure apparel. Compression wear refers to garments designed to apply pressure to specific body areas, aiming to improve blood circulation, reduce muscle fatigue, and enhance performance during physical activities. Shapewear, on the other hand, focuses on body shaping and slimming, providing a seamless and sculpted appearance under clothing.
The global compression wear and shapewear market caters to a wide range of consumer segments, including athletes, fitness enthusiasts, post-surgery patients, pregnant women, and individuals seeking instant body sculpting effects. The adoption of these garments has been driven by the growing trend of living an active and healthy lifestyle.
The athleisure fashion trend, which combines comfort and style, has significantly contributed to the popularity of compression wear as everyday wear. Consumers are increasingly looking for apparel that offers both functional benefits and aesthetic appeal, contributing to the market's expansion.
Moreover, advancements in fabric technology, such as moisture-wicking, anti-bacterial, and seamless designs, have further boosted the demand for compression wear and shapewear. Manufacturers are continually innovating to create products that provide maximum support, comfort, and breathability.
US Compression Wear and Shapewear Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2023-2030
Global Market Size
Largest Segment
Compression wear
Fastest Growth
Compression wear
Growth Rate
5.1% CAGR
Compression wear and shapewear market ($ Bn)
Country Share for North America Region (%)
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Compression Wear and Shapewear Market Segmental Analysis
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 Socks Stockings, Compression wear, Tops, Bottoms, Sleeves, and Others. According to the gender, the market is segmented into female and male. On the basis of application, the market is divided into performance & recovery, and body shaping & lifestyle. According to the distribution channel, the market is segmented into multi-retail stores, specialty retail stores, and online channels.
Compression wear and shapewear market By Product
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Compression Wear and Shapewear Market Regional Insights
In 2022, North America dominated the compression wear and shapewear market, primarily due to the widespread popularity of athletics and sports, as well as a large consumer base with an advanced lifestyle. Among compression wear products, compression bottoms, shirts, sleeves, and socks are particularly popular in the region. Shapewear products such as waist cinchers, bodysuits, and briefs also enjoy significant demand in the United States.
However, Asia Pacific is expected to experience rapid growth in the market. The increasing market size in the region can be attributed to the growing prevalence of obesity and the rise in disposable income across several countries. As more people in Asia Pacific become health-conscious and aspire to lead active lifestyles, the demand for compression wear and shapewear is projected to witness substantial growth in the coming years.
Compression wear and shapewear market By Geography
- Largest
- Fastest
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Compression Wear and Shapewear Market Dynamics
Compression Wear and Shapewear Market Drivers
Growing Sports and Fitness Activities
- The rising participation in sports and fitness activities is creating a demand for compression wear that supports athletic performance and aids in post-workout recovery.
Compression Wear and Shapewear Market Restraints
Health Concerns
- Excessive or improper use of compression wear and shapewear can potentially lead to health issues, such as restricted blood flow or skin irritation, which may deter some consumers.
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Compression Wear and Shapewear Market Competitive Landscape
The competitive landscape of the compression wear and shapewear market is highly dynamic and competitive, with numerous players vying for market share. The market is characterized by a mix of established brands and emerging players, each striving to differentiate their products and capture a larger consumer base. Additionally, strategic partnerships, mergers and acquisitions, and collaborations are common strategies adopted by these players to further strengthen their market position.
Compression Wear and Shapewear Market Top Player’s Company Profile
- Nike Inc.
- Spanx Inc.
- Adidas AG
- Triumph International Corporation
- Leonisa SA
- Wacoal America Inc.
- Ann Chery
- 2XU Pty Ltd.
- Under Armour Inc.
- Jockey Inc.
Compression Wear and Shapewear Market Recent Developments
- September 2021, Sustainable Initiatives: Many companies in the compression wear and shapewear market have been focusing on sustainable initiatives. They are using eco-friendly materials, promoting recycling programs, and adopting sustainable manufacturing practices to reduce their environmental impact and appeal to environmentally conscious consumers.
Compression Wear and Shapewear Key Market Trends
- Health and Fitness Consciousness: The increasing focus on health and fitness has led to a growing demand for compression wear among athletes, fitness enthusiasts, and individuals seeking improved performance, muscle support, and post-workout recovery.
Compression Wear and Shapewear Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Compression wear and shapewear market analysis, the increasing health and fitness consciousness, along with the desire for enhanced body aesthetics are considered primary growth drivers. The market is segmented into compression wear and shapewear, with compression wear gaining traction among athletes and individuals seeking muscle support. Shapewear is popular for its body-contouring and slimming effects. The market is driven by the rise in disposable income, urbanization, and changing lifestyles. Regions such as North America, Europe, and Asia-Pacific are key markets due to higher awareness and demand. As people focus on fitness and appearance, the compression wear and shapewear market is expected to continue its growth trajectory.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 5.06 billion |
| Market size value in 2030 | USD 7.92 billion |
| Growth Rate | 5.1% |
| Base year | 2023 |
| Forecast period | 2023-2030 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Compression Wear and Shapewear Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Compression Wear and Shapewear Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Compression Wear and Shapewear Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Compression Wear and Shapewear Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Compression Wear and Shapewear Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Compression Wear and Shapewear Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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