Compression Wear and Shapewear Market to record USD 697.13 Mn growth; North America to have a significant market share -- Technavio

NEW YORK, Oct. 21, 2022 /PRNewswire/ -- The global compression wear and shapewear market size is expected to grow by USD 697.13 million, accelerating at a CAGR of 2.54% between 2021 and 2026, according to the latest market research report by Technavio. The report identifies North America as the key market and the region is expected to account for 35% of the global market share over the forecast period. The increasing consumer spending on superior-quality compression wear and shapewear is creating significant growth opportunities for vendors operating in the region. Explore growth opportunities across other regions and make informed decisions. Buy Full Report Here

The global compression wear and shapewear market is fragmented due to the presence of a few established players and many new players. Vendors in the market are selling their products through third-party online retailers. With the growing e-commerce industry and online compression wear and shapewear market, many new private brands largely or solely sell their products online. This is enabling them to strengthen their position in the online compression wear and shapewear market. However, third-party, multibrand, pure-play e-retailers generate the highest sales of compression wear and shapewear online. Therefore, the competition in the market is intense.

The growing demand for plus-size clothing is creating significant growth opportunities for vendors in the market. However, the availability of counterfeit apparel products might hamper the market growth. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Technavio identifies adidas AG, Hanesbrands Inc., Jockey International Inc., Nike Inc., Nordstrom Inc., PVH Corp., Spanx Inc., Triumph International Pvt. Ltd., Under Armour Inc., and Wacoal Holdings Corp. are among some of the major market participants. Understand how the purchase of the report can have a direct impact on your revenue. Request Sample Report Now

The global compression wear and shapewear market is segmented as below:

• Product 
• Compression Wear
• Shapewear

The market will observe increased demand for compression wear from end-users during the forecast period. Compression wear helps in improving fitness and increasing muscular performance. It also cuts down the muscle vibrations when a person is exercising or engaging in any type of physical activity. Many such benefits are fostering the growth of the segment.

• Distribution Channel
• Offline
• Online

The offline distribution channel accounts for the maximum sales in the market. Department stores and specialty stores are the largest contributors in terms of revenue in the segment. However, during the forecast period, the demand for compression wear and shapewear is expected to increase in online distribution channels with rising internet and smartphone penetration and changing consumers' buying behavior.

• Geography 
• North America
• Europe
• APAC
• South America
• MEA

North America is currently the major market for compression wear and shapewear. The high adoption of smartphones and the increased penetration of social media are some of the major factors driving the growth of the regional market. In addition, the increasing consumer demand for innovative products that could offer extreme comfort and support is contributing to the growth of the compression wear and shapewear market in North America.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The compression wear and shapewear market report covers the following areas:

• Compression Wear and Shapewear Market Size
• Compression Wear and Shapewear Market Trends
• Compression Wear and Shapewear Market Industry Analysis

• CAGR of the market during the forecast period 2021-2026
• Detailed information on factors that will assist compression wear and shapewear market growth during the next five years
• Estimation of the compression wear and shapewear market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the compression wear and shapewear market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of compression wear and shapewear market vendors

Technavio's library includes over 17,000+ reports covering more than 2,000 emerging technologies. Subscribe to our "Basic Plan" at just USD 5,000 and get lifetime access to our Technavio Insights.

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Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2021
• Market outlook: Forecast for 2021-2026

Five Forces Analysis

• Five Forces Summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Product

• Market segments
• Comparison by Product
• Compression wear - Market size and forecast 2021-2026
• Shapewear - Market size and forecast 2021-2026
• Market opportunity by Product

Market Segmentation by Distribution channel

• Market segments
• Comparison by Distribution channel
• Offline - Market size and forecast 2021-2026
• Online - Market size and forecast 2021-2026
• Market opportunity by Distribution channel

Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2021-2026
• Europe - Market size and forecast 2021-2026
• APAC - Market size and forecast 2021-2026
• South America - Market size and forecast 2021-2026
• MEA - Market size and forecast 2021-2026
• Key leading countries
• Market opportunity by geography
• Market drivers – Demand led growth
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• adidas AG
• Hanesbrands Inc.
• Jockey International Inc.
• Nike Inc.
• Nordstrom Inc.
• PVH Corp.
• Spanx Inc.
• Triumph International Pvt. Ltd.
• Under Armour Inc.
• Wacoal Holdings Corp.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

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