Compression Wear and Shapewear Market

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 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 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 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. 'Nike Inc.', 'Spanx Inc.', 'Adidas AG', 'Triumph International Corporation', 'Leonisa SA', 'Wacoal America Inc.', 'Ann Chery', '2XU Pty Ltd.', 'Under Armour Inc.', 'Jockey Inc.'

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.

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.

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.

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Compression Wear and Shapewear Market

Report ID: SQMIG25M2042

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