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Global Compression Wear And Shapewear Market Report 2024: Market Size, CAGR, Lucrative Segments And Top Regions

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Global Compression Wear And Shapewear Market Report 2024: Market Size, CAGR, Lucrative Segments And Top Regions

Overview and Scope

Compression wear and shapewear refer to tight-fitted garments that have the elastic property of shapewear, which provides compression, improves posture, and makes the back straighter and firmer. Shapewear also helps to walk and sit and reduces excessive tension on the back, especially for those who sit for extended periods.

Sizing and Forecast

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.

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Segmentation & Regional Insights

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

North America was the largest region in the compression wear and shapewear market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the compression wear and shapewear market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth

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.

Key Industry Players

Major companies operating in the compression wear and shapewear market report are Nike Inc., Adidas AG, Shein Inc., Hanesbrands Inc., Under Armour Inc., Triumph International, Wacoal America Inc., SKIMS Solutions Inc., JOCKEY International Inc., Spanx Inc., Good American LLC, EC3D Orthopaedic Inc., Hanky Panky Inc., Acme-McCrary Corporation., 2XU Pty. Ltd., Freya Lingerie Ltd., medi GmbH & Co. KG, Design Veronique, Curvy Kate Limited, Negative Underwear Inc., Anita Dr. Helbig GmbH, Ann Chery, CW-X, Leonisa S.A., Maidenform Brands Inc., Bali Bras & Lingerie LLC, Charnos Holdings Limited, Nubian Skin Inc., Dia & Co. LLC, True & Co. Inc.

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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32. Global Compression Wear And Shapewear Market Competitive Benchmarking

33. Global Compression Wear And Shapewear Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Compression Wear And Shapewear Market

35. Compression Wear And Shapewear Market Future Outlook and Potential Analysis

36. Appendix

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