The Compression Wear And Shapewear Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Compression Wear And Shapewear Global Market Report 2024, The compression wear and shapewear market size has grown strongly in recent years. It will grow from $4.8 billion in 2023 to $5.17 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to health and fitness awareness, medical applications, fashion and aesthetics, body image perception, athletic performance enhancement, post-surgical recovery.
The compression wear and shapewear market size is expected to see strong growth in the next few years. It will grow to $6.92 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to aging population, e-commerce growth, posture correction, rising health consciousness, recovery from physical activities, body positivity movement. Major trends in the forecast period include integration of smart textiles, fashion-forward shapewear designs, inclusive sizing and body positivity, customization and personalization options, celebrity endorsements, integration of anti-cellulite and skincare features.
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. 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 compression wear and shapewear market growth.
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The compression wear and shapewear market covered in this report 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
Major companies operating in the compression wear and shapewear market are increasing their focus on introducing innovative compression garments to gain a competitive edge in the market. Compression garments are specialized clothing designed to apply controlled pressure to specific areas of the body. For instance, in July 2023, The Marena Group, a US-based garment company, launched a collection of innovative lipedema garments. The collection includes post-surgical compression garments for lipedema procedures and management. The garments feature the innovative FlexFit Comfort Ankle, which has a unique foot construction with gliding compression panels that allow for improved comfort and mobility without constricting. The garments are made with TriFlex fabric, which has 3D stretch, moisture-wicking and cooling properties, silhouette-forming capabilities, and antimicrobial properties to ensure ultimate comfort, compliance, and results.
The compression wear and shapewear market report table of contents includes:
1. Executive Summary
2. Compression Wear And Shapewear Market Characteristics
3. Compression Wear And Shapewear Market Trends And Strategies
4. Compression Wear And Shapewear Market – Macro Economic Scenario
5. Global Compression Wear And Shapewear Market Size and Growth
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26. South America Compression Wear And Shapewear Market
27. Brazil Compression Wear And Shapewear Market
28. Middle East Compression Wear And Shapewear Market
29. Africa Compression Wear And Shapewear Market
30. Compression Wear And Shapewear Market Competitive Landscape And Company Profiles
Top Major Players:
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