The global compression wear and shapewear market is expected to grow from USD 4.77 billion in 2019 to USD 7.79 billion by 2027, at a CAGR of 5.6% during the forecast period 2020-2027.
Compression wear and shapewear garments are skin-tight clothing that applies pressure to particular body parts. Compression garments are clothing pieces that fit tightly around the skin. Compression garments provide support for people who have to stand for long periods of time or who are in poor circulation. These come in varying degrees of compression, and higher degree compression sleeves, such as sleeves with 20–30 mmHg or higher compression, typically require a doctor's prescription. Shapewear comes in varying levels of compression. Shapewear is not designed to sculpt the body, but to make the clothes fit better. Compression apparels help improve body balance while also regulating the body temperature. Shapewear squeezes and squishes excessive body fat; therefore, the body looks comparatively slimmer.
Market growth is driven by increased customer disposable income, advancements in fabric technology & garment designs, the increased popularity of compression wear among the geriatric population, changes in the lifestyle of the people, and increased compression wear demand resulting from the fitness industry. Health complications, however, such as blood clots, breathing issues and acid reflux caused by tightly worn compression and shapewear, limit the growth of the market. Product development and creative marketing & promotion strategies are expected to provide the players with lucrative business opportunities in the future.
This study delivers a comprehensive analysis of types, applications and regions. The type segment includes shirts, pants, waist cincher, socks, bra and others. The pants segment held the largest share in 2019. The applications segment includes medical use, athletic use, contour body shape. The athletic use segment holds the largest share, as most of the compression wear and shapewear are used for athletic use to protect the muscles.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The North America region held the largest share of the global compression wear and shapewear market in 2019. The US held the largest market share in the North American market. In the US, shapewear style trends are constantly changing, with women being more inclined toward stylish and fashionable shapewear. Companies like Ann Chery have introduced metallic corsets to meet the changing consumer demand. Compression wear has gained immense popularity among athletes and gym-goers in the US. The Asia Pacific is expected to witness significant growth over the forecast period. China is expected to become one of the Asia-Pacific market's major growth contributors in the forthcoming years. The Chinese government's ongoing investments in developing sports infrastructure to attract youth athletic participation will give China's compression wear market a major boost.
Some of the notable players in the market are 2XU, Adidas AG, Anita, Ann Chery S.A., CW-X, Design Veronique, Jockey International, Leonisa S.A., medi, Nike, Inc., Spanx, Inc., Under Armour, Wacoal Holdings Corp. and Your Contour.
Compression Wear and Shapewear Market Analysis and Forecast, Type
Compression Wear and Shapewear Market Analysis and Forecast, Applications
Compression Wear and Shapewear Market Analysis and Forecast, Region
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