Compression Wear and Shapewear Market Overview: Compression Wear and Shapewear Market are expected to reach $5,576 million by 2022. Compression wear and shapewear are skintight apparels, which stimulate blood circulation and stabilize muscles by exerting pressure at specific parts of the body. Compression apparel helps to improve stamina & body balance and control body temperature. Shapewear squeezes and squishes the excessive fat, making the body appear slimmer. Increase in disposable income of customers, advancements in the fabric technology & garment designs, rise in popularity of shapewear among the geriatric population, and change in lifestyles drive the market growth of shapewear segment. Segment Summary: The report fragments the compression wear and shapewear market on the principle of product type, application, gender, distribution channel, and geography.
Based on the standard, the market is divided into compression wear and shapewear.
Compression wear segment is further categorized into bottoms; tops; sleeves; socks, stockings, & others.
Bottoms are most regularly used compression wear, estimating for more than one-third of compression wear market wealth in 2015.
However, sleeves segment is gaining momentum and is expected to grow at a substantial rate during the forecast period due to its lesser cost and ease of usage in combination with sportswear as well as other garments. Compression wear and shapewear market segmentation Get more information on this report: Request Sample Pages According to the application, the market is classified into performance & recovery and body shaping & lifestyle. Segmentation based on gender includes male and female users. Based on the distribution channel, the market is segmented into multi-retail stores, specialty retail stores, and online channels. Geographic breakdown and in-depth analysis of each of the aforesaid segments are included for North America, Europe, Asia-Pacific, and LAMEA. Top factors impacting compression wear and shapewear market Get more information on this report: Request Sample Pages Top Factors Impacting Global Compression Wear and Shapewear Market: Increase in Demand from Geriatric Population The GLOBALs geriatric population is expected to grow at an unprecedented rate. According to the National Institute on Aging, in 2010, an estimated 524 million people were aged 65 or older8% of the GLOBALs population. This number is expected to triple to about 1.5 billion, representing 16% of the GLOBALs population by 2050. A rise in demand from the elderly population has been observed owing to the usage of compression garments for the treatment of edema, phlebitis, and thrombosis which occur in old age. Thus, the demand for compression wear generated from the geriatric population is expected to grow at a fast rate, creating huge opportunities for this segment in the coming years. Changes in Lifestyles Growing awareness for fitness is higher in urban areas and in years to come, the market would witness steady growth in semi-urban areas of developing economies. A global rise in fitness consciousness and increasing participation in sports activities, largely contribute to the growth of this market. Rising disposable income would continue to improve the standard of living of individuals. Lifestyle users would continue to incorporate exercise into their daily fitness regimes.
Moreover, developing a replacement of gym wear from compression wear would also foster market growth.
Advancements in Fabrics and Garment Design Recent advancements in fabrics incorporated into compression wear and shapewear have supplemented the growth of this market. Technologies such as bonding and laser cutting have transformed shapewear by eliminating seams, hems, and bulky fastenings. Lycra, neoprene, spandex, and nylon are the commonly used fabrics by the manufacturers.
Upgraded fabrics are smoother, more breathable, and have sculpting qualities.
Sankom Switzerland has introduced an exclusive line of shapewear infused with Aloe Vera, which is antibacterial and enables the shapewear to cool the body. Skins International launched a series of compression clothing infused with fabric, which is warp knitted using multiple fine quality yarns to give superior performance.
Such improvements in the fabric technology continue to fuel the growth of global compression wear and shapewear market.
Increase in Disposable Income of Customers The global economy improved since 2009. The figure below shows the GDP growth in percentage from 2009 to 2015. According to the GLOBAL Bank, the global GDP is expected to increase with positive growth in the coming years. Compression wear and shapewear market rise in, GDP 2009-2014 Get more information on this report: Request Sample Pages Rise in GDPs of various countries has increased disposable income of individuals, enhancing the per capita expenditure over lifestyle and luxury goods. This results in an increase in demand for compression and shapewear. U.S.: Compression Wear and Shapewear Market: the U.S. is the largest revenue-generating country in the global compression wear and shapewear on account of the presence of a large number of lifestyle users and extensive popularity of athletics and other sports.
Women generate meaningful revenue in the shapewear segment in the U.S.
whereas men are notable consumers of compression wear market.
Several product developments have been implemented by the marketers in the region, such as VIM & VIGR, a Montana based company launched a wide range of compression socks where the buyer could customize the choice of fabric depending upon his/her comfortability. Compression bottoms, sleeves, shirts, and socks & others are among the most popular compression wear products in the U.S. while waist cinchers, bodysuits, briefs, and others are among popular shapewear. Revenue Share of Compression Wear Types: United States Revenue share of compression wear types united states Get more information on this report: Request Sample Pages Competitive Landscape: Key market players profiled in the report are Nike Inc., Spanx Inc., Adidas AG, Triumph International Corporation, Leonisa SA, Wacoal America Inc., Ann Chery, 2XU Pty Ltd., Under Armour Inc., and Skins International Trading AG. They have adopted product launches and partnerships as their key growth strategies to capture a larger market share and increase their customer base. Other players in the value chain include Acme-McCrary Hosiery Mills, Sojitz Corporation of America, Omtex Health Pvt. Ltd., Vedette Shapewear and CWX. Key Benefits The research provides an in-depth summary of the global compression wear and shapewear market with modern trends and future estimations to elucidate the imminent investment pockets.
This report presents a quantitative summary from 2014 to 2022, which is anticipated to enable the stakeholders to benefit on commanding market opportunities.
The report provides actual historical figures for 2014 and 2015 and provides Y-o-Y forecasts for 2016 to 2022, considering 2015 as a base.
Ambitious intelligence highlights the business modes followed by leading players across various regions.
Value chain analysis provides a clear understanding of the roles of different stakeholders involved.
Compression Wear and Shapewear Market Key Sections: By Product Type Compression wear Bottoms Tops Sleeves Socks, Stockings, & Others Shapewear By Application Performance & Recovery Body Shaping & Lifestyle
By Gender Male Female By Distribution Channel Multi-Retail Stores Specialty Retail Stores Online Channels By Geography North America U.S. Canada Mexico Europe UK Germany France Italy Rest of Europe Asia-Pacific China Japan India Australia Rest of Asia-Pacific LAMEA Brazil South Africa Rest of LAMEA Key Players Nike Inc. Spanx Inc. ADIDAS AG Wacoal America Inc. Triumph International Corporation 2XU Pty Ltd. Leonisa SA Ann Chery Under Armour Inc. Skins International Trading AG Other players in the value chain include (profiles not included in the report) Acme-McCrary Hosiery Mills Sojitz Corporation of America Omtex Health Pvt. Ltd. Vedette Shapewear CWX PURCHASE OPTIONS Online Only (10%)$4176 $3759 Data Pack/Excel (10%) $4640 $4176 Single User (15%) $5540 $4709 Five User Online (20%) $6654 $5324 Enterprise Online (25%) $9280 $6960 * Taxes/Fees, If applicable will be added during checkout.