The Compression Wear And Shapewear Global Market Report 2023 by The Business Research Company, provides compression wear and shapewear market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Compression Wear And Shapewear Global Market Report 2023, the market size grew from $4.45 billion in 2022 to $4.76 billion in 2023 at a compound annual growth rate (CAGR) of 7.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global compression wear and shapewear is expected to grow to $6.2 billion in 2027 at a CAGR of 6.8%.
Rapid urbanization is significantly contributing to the growth of the compression wear and shapewear market. Urbanization refers to the population movement from rural to urban settings 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.
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The compression wear and shapewear market is segmented:
1) By Product Type: Compression Wear, Shapewear
2) By Gender: Male, Female
3) By Application: Performance And Recovery, Body Shaping And Lifestyle
4) By Distribution Channel: Multi-Retail Stores, Specialty Retail Stores, Online Channels
Technological advancements are the key trends gaining popularity in the compression wear and shapewear markets. Major players are focusing on designing innovative technological products to meet consumer demands and preferences. Technologies such as bonding, compression technology, and laser cutting have changed shapewear by removing seams, hems, and bulky fastenings. For instance, in November 2021, Pear Compression, a Canada-based women’s wellness and clothing manufacturing company, launched the perfect compression sock based on advanced compression technology. This technology offers enough elasticity, which is crucial during pregnancy, and enough stretch where it’s needed while gradually compressing the foot and leg so that it’s never too tight in one specific area.
The compression wear and shapewear market report table of contents includes:
- Executive Summary
- Compression Wear And Shapewear Market Characteristics
- Compression Wear And Shapewear Market Trends And Strategies
- Compression Wear And Shapewear Forwarding Market – Macro Economic Scenario
- Compression Wear And Shapewear Market Size And Growth
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- Middle East Compression Wear And Shapewear Market
- Africa Compression Wear And Shapewear Market
- Compression Wear And Shapewear Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Compression Wear And Shapewear Market
- Compression Wear And Shapewear Market Future Outlook and Potential Analysis
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