Compression Clothing and Shapewear Market Post $697.13 Million Growth; North America gains significant market share — Technavio

NEW YORK, October 21, 2022 /PRNewswire/ — The global market for compression garments and shapewear size is expected to increase $697.13 million, accelerating at a CAGR of 2.54% between 2021 and 2026, according to Technavio’s latest market research report. 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. Increasing consumer spending on superior quality compression garments and shapewear is creating significant growth opportunities for suppliers operating in the region. Discover growth opportunities in other regions and make informed decisions. Buy the full report here

Technavio has announced its latest market research report titled Global Compression Wear and Shapewear Market 2022-2026

The global compression garment and shapewear market is fragmented with a few established players and many new players. Market vendors sell their products through third-party online retailers. With the growing e-commerce industry and the online market for compression garments and shapewear, many new house brands sell their products largely or exclusively online. This enables them to strengthen their position in the online market for compression clothing and shapewear. However, third-party, multi-brand, pure-play e-retailers generate the highest sales of compression garments and shapewear online. Therefore, the competition in the market is fierce.

The growing demand for plus size clothing creates significant growth opportunities for suppliers in the market. However, the availability of counterfeit clothing products can hamper the market growth. Competitors must focus on differentiating their product offerings with unique value propositions to strengthen their position 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 Armor Inc. and Wacoal Holdings Corp. are among some of the major players in the market. Understand how purchasing the report can directly impact your earnings. Request a sample report now

Compression Clothing and Shapewear Market 2021-2026: Segmentation

The global compression garments and shapewear market is segmented as follows:

The market will observe an increasing demand for compression garments from end users during the forecast period. Compression wear helps improve fitness and improve muscle performance. It also reduces muscle vibration when a person exercises or performs any kind of physical activity. Many such benefits drive segment growth.

The offline distribution channel ensures maximum sales in the market. Department stores and specialty stores make the largest contribution to sales in the segment. However, during the forecast period, the demand for compression garments and shapewear is expected to increase in online distribution channels with increasing internet and smartphone penetration and changing consumer buying habits.

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

Technavio provides a detailed picture of the market through the study, synthesis and summation of data from multiple sources. The Compression Clothing And Shapewear Market Report Covers The Following Areas:

Compression Wear and Shapewear Market 2021-2026: Key Highlights

  • CAGR of the market during the forecast period 2021-2026

  • – Detailed information on factors that will assist compression garments and shapewear market growth during the next five years

  • – Estimation of the compression garments and shapewear market size and its contribution to the parent market

  • Predictions about upcoming trends and changes in consumer behavior

  • The growth of the compression clothing and shapewear market

  • Analysis of the competitive landscape of the market and detailed information on suppliers

  • Comprehensive details of factors that will challenge the growth of Compression Wear and Shapewear market vendors

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Market size of compression garments and shapewear

Report coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth Momentum & CAGR

Accelerate at a CAGR of 2.54%

Market growth 2021-2026

$697.13 million

Market structure

Fragmented

Year on year growth (%)

-1.87

Regional analysis

North America, Europe, APAC, South America and MEA

Carrying out market contribution

North America at 35%

Main consuming countries

US, UK, Germany, China and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement reach

Companies profiled

adidas AG, Hanesbrands Inc., Jockey International Inc., Nike Inc., Nordstrom Inc., PVH Corp., Spanx Inc., Triumph International Pvt. Ltd., Under Armor Inc. and Wacoal Holdings Corp.

Market dynamics

Parent market analysis, market growth factors and barriers, high-growth and slow-growth segment analysis, COVID-19 impact and future consumer dynamics, and analysis of market conditions for the forecast period.

Customer focus

If our report doesn’t contain the data you’re looking for, you can contact our analysts and get custom segments.

Index:

Management summary

Market landscape

  • Market ecosystem

  • Analysis of the value chain

Market dimensions

Five forces analysis

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 per 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

Geographical landscape

  • Geographic segmentation

  • Geographical 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

  • Main leading countries

  • Market opportunity by geography

  • Market drivers – Demand-driven growth

  • Market challenges

  • Market trends

Seller landscape

  • Overview

  • Seller landscape

  • Disturbance of the landscape

Supplier analysis

  • Sellers covered

  • Market positioning of suppliers

  • Adidas AG

  • Hanesbrands Inc.

  • Jockey International Inc.

  • Nike Inc.

  • Nordstrom Inc.

  • PVH Corp.

  • Spanx Inc.

  • Triumph International Pvt. Ltd.

  • Under Armor Inc.

  • Wacoal Holdings Corp.

Appendix

About us

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

Contact

Technavio research
Jesse Maida
Media and marketing employee
USA: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

Global Compression Clothing and Shapewear Market 2022-2026

Global Compression Clothing and Shapewear Market 2022-2026

Decision

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SOURCE Technavio

Compression Clothing and Shapewear Market Post $697.13 Million Growth; North America gains significant market share — Technavio

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