NEW
YORK, June 26, 2024 /PRNewswire/ -- The global
compression wear and shapewear market size is estimated to grow by
USD 3.08 billion from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of almost 7.64% during the forecast period. Growing
demand for plus-size clothing is driving market
growth, with a trend towards technological advancement in
making compression wear and shapewear. However, counterfeit apparel
products poses a challenge. Key market players include 2XU Pty
Ltd., Adidas AG, Anita Dr. Helbig GmbH, Ann
Chery, Design Veronique, EC3D Orthopaedic, GLOBAL INTIMATES
LLC, Hanesbrands Inc., Honeylove Sculptwear Inc., Jockey
International Inc., Nike Inc., Omtex Healthwear Pvt. Ltd., PUMA SE,
PVH Corp., Skims Body Inc., Spanx LLC, The LYCRA Company LLC,
Triumph Intertrade AG, Under Armour Inc., and Wacoal Holdings
Corp..
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Distribution Channel
(Offline and Online), Product (Compression wear and Shapewear), and
Geography (North America, Europe, APAC, South America, and Middle
East and Africa)
|
Region
Covered
|
North America, Europe,
APAC, South America, and Middle East and Africa
|
Key companies
profiled
|
2XU Pty Ltd., Adidas
AG, Anita Dr. Helbig GmbH, Ann Chery, Design Veronique, EC3D
Orthopaedic, GLOBAL INTIMATES LLC, Hanesbrands Inc., Honeylove
Sculptwear Inc., Jockey International Inc., Nike Inc., Omtex
Healthwear Pvt. Ltd., PUMA SE, PVH Corp., Skims Body Inc., Spanx
LLC, The LYCRA Company LLC, Triumph Intertrade AG, Under Armour
Inc., and Wacoal Holdings Corp.
|
Key Market Trends Fueling Growth
The compression wear and shapewear market has experienced
substantial growth due to technological innovations. Smart fabrics
with sensors monitor physiological data for optimized compression
and insight. Seamless technology eliminates seams for better fit
and comfort. 3D printing enables customized garments with precise
compression zones based on individual measurements. These
advancements offer improved performance, comfort, and style,
fueling market expansion.
The compression wear and shapewear market is experiencing
significant growth, with body shapers and performance-enhancing
garments in high demand. These garments provide comfort and
support, allowing individuals to look and feel their best. Advanced
technologies, such as moisture-wicking and breathable materials,
are trending in this market. Compressive fabrics are used to
improve blood flow and reduce muscle soreness, making them popular
among athletes and fitness enthusiasts. Additionally, the desire
for a slimming appearance has led to the increasing popularity of
shapewear. Overall, the market for compression and shapewear
continues to expand, offering various solutions for individuals
seeking comfort, support, and style.
Research report provides comprehensive data on impact of trend.
For more details- Download a Sample Report
Market Challenges
- Counterfeit apparel products, including compression wear and
shapewear, using the names of leading brands such as
Nike, adidas, Calvin Klein, and
Under Armour, are increasingly flooding markets worldwide. These
imitations, often priced lower than authentic items, are sourced
primarily from China and sold
primarily online. While they may initially attract customers with
their lower prices, they are made with poor-quality raw materials
and can cause allergies or negative experiences. This can harm the
reputations of established brands and lead to a loss of trust and
loyalty among consumers, negatively impacting the compression wear
and shapewear market. The US Department of Homeland Security has
issued a warning about these counterfeits, which can result in
significant retail losses for legitimate companies.
- The Compression Wear and Shapewear market faces several
challenges. Three-dimensional knitting technology is a key
innovation, allowing for the creation of comfortable and effective
garments. However, the cost of production using this technology can
be high. Another challenge is the need for a wide range of sizes
and designs to cater to diverse consumer needs. Additionally,
consumer preferences for breathability and flexibility
are important considerations. Furthermore, the market is
competitive with numerous players offering similar products. Brands
must differentiate themselves through unique features and effective
marketing strategies. Finally, regulations regarding the use of
certain materials and labeling requirements add complexity to the
industry.
For more insights on driver and
challenges - Download a Sample Report
Segment Overview
This compression wear and shapewear market report extensively
covers market segmentation by
- Distribution Channel
- Product
- 2.1 Compression wear
- 2.2 Shapewear
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 APAC
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Offline- The Compression Wear and Shapewear
market is experiencing steady growth due to increasing consumer
awareness and preference for body-shaping garments. These garments
offer benefits such as improved posture, enhanced comfort, and
slimming effects. Major players in this industry include
HanesBrands, Wacoal, and Leonisa. Collaborations and product
innovations are key strategies to capture market share. Compression
Wear and Shapewear are essential components of activewear and
lingerie categories, making them versatile and widely adopted.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
Learn and explore more about Technavio's in-depth research
reports
The bridal wear market is experiencing a significant surge,
driven by evolving fashion trends and increasing consumer demand.
Bridal gowns, designer lehengas, and bespoke suits dominate the
industry, appealing to diverse tastes and cultures. Luxury brands
and local boutiques are tapping into the market, offering
customized and sustainable options. Online platforms and social
media are also playing a crucial role in shaping consumer
preferences and expanding market reach. As wedding celebrations
become more extravagant, the bridal wear market is set to grow,
with a focus on innovative designs, quality materials, and
personalized experiences for brides worldwide.
Research Analysis
The compression wear and shapewear market continues to thrive in
the athletic performance sector, offering attractive silhouettes
and enhancing comfort during fitness activities. Materials such as
Lycra and Neoprene are popular choices due to their utility and
style. The market caters to various tastes and inclusivity,
embracing body positivity and fitness consciousness. Amidst the
Novel Corona Virus pandemic, the industry has adapted to the new
normal, with virtual social gatherings showcasing the latest
product types on Women's Wear Daily. The shapewear market,
specifically, has seen application niches in hourglass shapes,
counterfeit clothing mitigation, and trade regulations.
Import-Export analysis and production analysis are crucial aspects
of this market's growth. Body acceptance remains a significant
focus, ensuring a wide range of sizes and designs for all
consumers.
Market Research Overview
The Compression Wear and Shapewear market encompasses the
production, sale, and distribution of garments designed to contour
the body and provide support. These garments, which include
compression socks, leggings, shapewear, and bodyshapers, are
popular for their ability to enhance body shape, improve posture,
and alleviate discomfort. The market is driven by factors such as
increasing health consciousness, growing awareness of body shaping
solutions, and technological advancements in fabric and design.
Compression wear is particularly sought after by athletes and
individuals with medical conditions, while shapewear caters to
those seeking to improve their silhouette. The market is expected
to grow significantly in the coming years due to these trends and
the expanding consumer base.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Distribution Channel
-
- Product
-
- Compression Wear
- Shapewear
- Geography
-
- North America
- Europe
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
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technologies, spanning across 50 countries. Their client base
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Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio