The latest report by IMARC Group, titled “Compression Wear and Shapewear Market Report by Product Type (Compression Wear, Shapewear), Gender (Male, Female), Distribution Channel (Multi-Retail Stores, Specialty Retail Stores, Online Channels), Application (Performance and Recovery, Body Shaping and Lifestyle), and Region 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on the compression wear and shapewear market growth.
Compression Wear and Shapewear Market
The global compression wear and shapewear market size reached US$ 16.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 26.7 Billion by 2032, exhibiting a growth rate (CAGR) of 5.6% during 2024-2032.
Factors Affecting the Growth of the Compression Wear and Shapewear Industry:
- Technological Advancements in Textile Technology:
The field of textile technology is witnessing advances that are transforming the design and functionality of compression wear and shapewear. Moreover, innovations include the development of materials that provide superior compression and feature moisture-wicking capabilities and enhanced breathability. These advancements greatly improved the comfort and effectiveness of such garments, making them more appealing to consumers. Moreover, the integration of these high-tech fabrics ensures that the wearers experience less discomfort and better performance, which is particularly important during physical activities or long periods of wear. These materials help in maintaining an optimal body temperature and managing sweat, which contributes to overall skin health. As a result, the market for compression wear and shapewear has expanded, driven by consumer demand for garments that offer both functional benefits and comfort.
- Rising Obesity Rates and Shapewear Demand:
The increasing obesity rates have had a direct impact on the demand for compression wear and shapewear. As more individuals seek solutions to manage their body image, there is an increasing demand for garments that offer effective contouring and smoothing effects. Shapewear that can provide these benefits helps wearers achieve a desired silhouette, boosting confidence and comfort. These products are particularly popular among those who wish to look their best in today’s fashion-forward society. Moreover, the demand extends beyond aesthetic enhancement to include therapeutic benefits, such as improved posture and support for bodily structures, which can alleviate discomfort from various conditions related to obesity. Consequently, manufacturers are focusing on expanding their product lines to include sizes and styles that cater to a wider range of body types, ensuring accessibility and inclusivity in their offerings.
- E-commerce Growth and Accessibility:
The growth of e-commerce has significantly enhanced the accessibility of compression wear and shapewear for consumers around the globe. Moreover, online platforms have made it easier than ever for customers to browse, compare, and purchase a wide variety of these products from the comfort of their homes. This convenience is complemented by the vast selection available online, which allows consumers to find exactly what they need to meet their personal preferences and requirements. Additionally, e-commerce enables smaller brands and startups to reach a broader audience, fostering competition and innovation within the market. This increased competition drives down prices and spurs the introduction of new and improved products. As a result, the market for compression wear and shapewear continues to grow, fueled by the seamless shopping experiences provided by online retail.
For an in-depth analysis, you can request a sample copy of the report: https://www.imarcgroup.com/compression-wear-shapewear-market/requestsample
Competitive Landscape:
The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.
- 2XU Pty Ltd
- Adidas AG
- Anita Dr.Helbig GmbH
- EC3D Orthopaedic
- Hanesbrands Inc. (Sara Lee Corporation)
- Nike Inc.
- Omtex Healthwear Pvt. Ltd.
- Orion Manufacturing Inc.
- Puma SE (Artemis S.A)
- Spanx Inc.
- Under Armour Inc.
- Wacoal America Inc
- Zoot Sports Inc. (K2 Sports LLC)
Compression Wear and Shapewear Market Report Segmentation:
By Product Type:
- Compression Wear
- Bottoms
- Tops
- Sleeves
- Socks, Stockings and Others
- Shapewear
Compression wear accounts for the largest market share due to its widespread application in various activities such as sports, medical rehabilitation, and everyday wear, making it the preferred choice among consumers.
By Gender:
- Male
- Female
Male gender dominates the market growth, as they recognize the benefits of compression wear in enhancing performance and aiding recovery.
By Distribution Channel:
- Multi-Retail Stores
- Specialty Retail Stores
- Online Channels
Specialty retail stores represent the largest segment, offering personalized assistance and a wide range of options to cater to diverse consumer needs, thus securing their position as the largest distribution channel in the market.
By Application:
- Performance and Recovery
- Body Shaping and Lifestyle
Performance and recovery applications hold the largest market share, as athletes, fitness enthusiasts, and individuals seeking post-workout recovery solutions are escalating the demand for compression wear designed to enhance performance and expedite recovery processes.
Regional Insight:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
North America’s dominance in the compression wear and shapewear market is attributed to the growing sports culture, increasing health consciousness, and greater disposable income.
Global Compression Wear and Shapewear Market Trends:
At present, compression wear is increasingly being utilized for medical purposes, such as managing circulation issues, lymphedema, and recovery from surgeries. This expansion into therapeutic applications has widened the consumer base beyond athletes to include individuals with specific health needs. Moreover, brands are offering more customizable options in terms of fit, compression levels, and style preferences. Customization allows consumers to tailor their compression wear to their specific needs, ensuring maximum comfort and effectiveness. Besides this, manufacturers are continually investing in research and development (R&D) to create compression wear with advanced fabric technology. It includes moisture-wicking materials, breathable fabrics, and seamless construction, enhancing comfort and performance for the wearer.
Ask Analyst for Customization: https://www.imarcgroup.com/request?type=report&id=5233&flag=C
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company's expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
