Global Compression Wear and Shapewear Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Compression Wear and Shapewear Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global compression wear and shapewear market growth, share, size, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global compression wear and shapewear market size reached US$ 15.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 22.7 Billion by 2028, exhibiting a growth rate (CAGR) of 6.3% during 2023-2028.
Compression wear is used to fit snugly around specific body parts to provide support, improve blood circulation, and enhance athletic performance. It facilitates muscle recovery, reduces fatigue, and minimizes the risk of injury. It also provides proprioceptive feedback, helping individuals maintain better body posture and alignment during physical activities. It can offer significant therapeutic benefits by reducing swelling. Additionally, compression wear is often used in medical settings to prevent and treat various conditions, such as varicose veins, lymphedema, and deep vein thrombosis.
On the other hand, shapewear is typically used for aesthetic purposes. It contours the body, creating a smoother and more toned appearance under clothing. It helps in smoothing out the body shapes and can significantly impact the appearance and confidence of the wearer. It can discreetly address areas of concern, such as the abdomen, hips, thighs, and buttocks, giving a more toned and defined look. It can reduce back pain and improve overall body alignment by encouraging a straighter posture. It is often used to create a more streamlined silhouette, particularly under fitted clothing.
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Global Compression Wear and Shapewear Market Trends and Drivers:
At present, the increasing awareness and emphasis on health and fitness represent one of the key factors supporting the growth of the market. As people are becoming more conscious about the importance of physical well-being, there is a growing demand for products that can enhance workout efficiency and aid in recovery. Compression wear, with its benefits in improving blood circulation and reducing muscle fatigue, is becoming a popular choice among athletes and fitness enthusiasts. This trend is supported by a rise in participation in sports and physical activities worldwide.
Besides this, compression wear is increasingly recommended by healthcare professionals for the management and prevention of various medical conditions, such as varicose veins, lymphedema, and deep vein thrombosis. The aging population is more susceptible to such conditions, which is strengthening the growth of the market. In addition, advancements in textile technology are playing a crucial role in the development of both compression wear and shapewear. Modern fabrics that offer better compression, comfort, and aesthetic appeal are making these garments more attractive to people. Innovations in material science are also leading to the creation of products that are lightweight, breathable, and capable of moisture management, enhancing the user experience.
Moreover, there is an increasing demand for products that can offer a slimming effect and smooth body contours under clothing. This demand is fueled by social media and celebrity endorsements, which are making shapewear a staple in many wardrobes. Furthermore, the inclusive fashion movement is prompting manufacturers to offer a wider range of sizes and styles, catering to a more diverse consumer base. This, along with the wide availability of compression wear and shapewear through online and offline distribution channels, is offering lucrative growth opportunities to industry investors.
Global Compression Wear and Shapewear Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: 2XU Pty Ltd, Adidas AG, Anita Dr.Helbig GmbH, EC3D Orthopaedic, Hanesbrands Inc. (Sara Lee Corporation), Nike Inc., Omtex Healthwear Pvt. Ltd., Orion Manufacturing Inc., Puma SE (Artemis S.A), Spanx Inc., Under Armour Inc., Wacoal America Inc and Zoot Sports Inc. (K2 Sports LLC)
The report segmented the market on the basis of region product type, gender, distribution channel and application.
Breakup by Product Type:
- Compression Wear
- Bottoms
- Tops
- Sleeves
- Socks, Stockings and Others
- Shapewear
Breakup by Gender:
- Male
- Female
Breakup by Distribution Channel:
- Multi-Retail Stores
- Specialty Retail Stores
- Online Channels
Breakup by Application:
- Performance and Recovery
- Body Shaping and Lifestyle
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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