Report ID: UCMIG25K2034
Report ID:
UCMIG25K2034 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2020, the global shapewear market achieved a significant valuation of USD 1.9 billion. This industry is projected to experience steady growth with a compound annual growth rate (CAGR) of 8.0% from 2021 to 2028. The rise in the demand for shapewear can be attributed to factors such as increasing fashion consciousness, the desire for body shaping and contouring, and the growing influence of social media on beauty standards. Additionally, advancements in fabric technology and innovative product offerings by key market players are expected to drive market expansion during the forecast period. Overall, the shapewear market is poised for continuous growth and adaptation to consumer needs in the coming years.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Apparel, Accessories & Luxury Goods by segment aggregation, the contribution of the Apparel, Accessories & Luxury Goods in Consumer Durables & Apparel and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG25K2034