The global compression wear and shapewear market size is expected to grow from $4.15 billion in 2021 to $4.42 billion in 2022 at a compound annual growth rate (CAGR) of 6.5%. The global shapewear and compression wear market is expected to grow to $5.75 billion in 2026 at a CAGR of 6.8%.
What is the Global Compression Wear And Shapewear Market?
The compression wear and shapewear market consists of sales of compression wear and shapewear by entities (organizations, sole traders, and partnerships) that are designed particularly to keep the body in a certain position. The compression wear and shapewear are tight-fitted garments. The elastic property of shapewear provides compression, improves posture, and back straighter and firmer. The shapewear helps to walk and sit and reduces excessive tension on the back, especially for those who sit for extended periods.
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What drives the Global Compression Wear And Shapewear Market?
Rapid urbanization is significantly contributing to the growth of the compression wear and shapewear market. Urbanization refers to the population movement from rural to an urban setting and increasing human population densities in urban areas. Growth in urbanization is increasing the awareness of the urban population for fitness consciousness and participation in sports activities and this will further drive the adoption of compression wear and shapewear. For instance, according to the Department of Economic and Social Affairs, United Nations, 68% of the world’s population i.e., 2.5 billion people are projected to live in urban areas by 2050. Therefore, rapid urbanization will propel the growth of the compression wear and shapewear market.
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Global Compression Wear And Shapewear Market Segments
The global compression wear and shapewear market is segmented:
By Product Type: Compression Wear, Shapewear
By Sex: Male, Female
By Application: Performance and Recovery, Body Shaping and Lifestyle
By Distribution Channel: Multi-Retail Stores, Specialty Retail Stores, Online Channels
By Geography: The regions covered in the compression wear and shapewear market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Compression Wear And Shapewear Global Market Report 2022provides market size and growth forecasts for the global compression wear and shapewear market, global compression wear and shapewear market share, compression wear and shapewear market segments and geographies, compression wear and shapewear market competitive landscape including leading competitors’ revenues, profiles and market shares. The compression wear and shapewear market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Compression Wear And Shapewear Industry Playersinclude 2XU Pty. Ltd., Acme-McCrary Corporation., Adidas AG, Anita Dr. Helbig GmbH, Ann Chery, CWX, Design Veronique, EC3D Orthopaedic, Hanesbrands Inc., Jockey International Inc., Leonisa S.A., Medi GmbH & Co. KG, Nike Inc., Triumph International, Under Armour Inc., and Wacoal America Inc. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
