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Compression Wear and Shapewear Market by Product, Distribution Channel, and Geography - Forecast and Analysis 2020-2024

  • Published: Dec 2020
  • Pages: 120
  • SKU: IRTNTR46398
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The compression wear and shapewear market size has the potential to grow by USD 697.13 million during 2020-2024, and the market’s growth momentum will accelerate at a CAGR of 2.54%. 

This report provides a detailed analysis of the market by product (compression wear and shapewear), distribution channel (offline and online), geography (APAC, Europe, MEA, North America, and South America), and key vendors. 

Market Overview

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Market Competitive Analysis

The report analyzes the market’s competitive landscape and offers information on several market vendors, including: 

 

  • 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.

 

The compression wear and shapewear market is fragmented and the vendors are deploying growth strategies such as selling their products through third-party online retailers to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

The market players also significantly leverage external market drivers such as growing demand for plus size clothing to achieve growth opportunities. However, factors such as counterfeit apparel products will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the compression wear and shapewear market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies, 

This compression wear and shapewear market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. 

Compression Wear and Shapewear Market: Key Drivers and Trends

  • The growing demand for plus size clothing is one of the major factors driving the growth of the compression wear and shapewear market.
  • The purchase volume of minimizer intimate apparel and shapewear is increasing among plus-sized women as manufacturers are introducing these products with additional features.
  • These shapewear products are also available in various colors and enable consumers to match their shapewear with their daily clothes.
  • The demand for plus-size intimate apparel is high, especially in the US.
  • The growing awareness about fitness and shift toward compression wear will also fuel the growth of the compression wear and shapewear market size.
  • Compression wear has become a popular trend among those who run, exercise in the gym, or undertake other endurance activities.
  • Recognizing this trend, many vendors are expanding their product offerings from traditional sports apparel to versatile and fashionable compression wear. 
  • With an increasing demand for better performance and soft, comfortable, and breathable material, new fabric and designs are being introduced by key competitors.

 

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Compression Wear and Shapewear Market: Segmentation by Geography

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35% of the market’s growth will originate from North America during the forecast period. The US is a key market for compression wear and shapewear in North America. Market growth in this region will be faster than the growth of the market in MEA and South America.

The high penetration of social media is one of the prime factors that will facilitate compression wear and shapewear market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report. 

Compression Wear and Shapewear Market: Segmentation by Product

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Compression wear helps in improving fitness and increasing muscular performance. Compression wear cuts down the muscle vibrations while a person is exercising or engaging in any type of physical activity. These vibrations lead to fatigue more rapidly, particularly while running or in other endurance events. Compression wear holds muscles firmly in place, which helps in improving blood flow and reduces the risk of injury, and, thus, enhances the performance of an athlete or a non-athlete.

This report provides an accurate prediction of the contribution of all the segments to the growth of the compression wear and shapewear market size. Fetch actionable market insights on post COVID-19 impact on each segment.   

 

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Compression Wear and Shapewear Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive compression wear and shapewear market growth during the next five years
  • Precise estimation of the compression wear and shapewear market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the compression wear and shapewear industry across APAC, Europe, MEA, North America, and South America
  • A thorough 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

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2019
    • Market outlook: Forecast for 2019 - 2024

    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 2019-2024
    • Shapewear - Market size and forecast 2019-2024
    • Market opportunity by Product

    Market Segmentation by Distribution channel

    • Market segments
    • Comparison by Distribution channel
    • Offline - Market size and forecast 2019-2024
    • Online - Market size and forecast 2019-2024
    • Market opportunity by Distribution channel

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2019-2024
      • Europe - Market size and forecast 2019-2024
      • APAC - Market size and forecast 2019-2024
      • South America - Market size and forecast 2019-2024
      • MEA - Market size and forecast 2019-2024
      • 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

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
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      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
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      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      The compression wear and shapewear market growth will increase by $697.13 million during 2019-2024.
      The compression wear and shapewear market is expected to grow at a CAGR of 2.54% during 2019-2024.
      Technavio has segmented the compression wear and shapewear market by product (Compression wear and Shapewear) ,distribution channel (Offline and Online) , and geographic (North America, Europe, APAC, South America, and MEA).
      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. are a few of the key vendors in the compression wear and shapewear market.
      North America will register the highest growth rate of 34.66% among the other regions. Therefore, the compression wear and shapewear market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the compression wear and shapewear market growth are:
      • Growing demand for plus size clothing
      The compression wear and shapewear market vendors should focus on grabbing business opportunities from the compression wear segment as it accounted for the largest market share in the base year.
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