TBRC’s Compression Garments and Shapewear Market research report expands on key market drivers, trends, and growth opportunities.
LONDON, June 28, 2022 /PRNewswire/ — North America has the largest market share for compression garments and shapewear. Asia Pacific is expected to be the fastest growing region in the global fitness apparel market over the forecast period. Regions covered in the Global Shapewear and Compression Wear market report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle Eastand Africa.
The the global compression garments and shapewear market size is should grow by $4.15 billion in 2021 for $4.42 billion in 2022 at a compound annual growth rate (CAGR) of 6.5%. The growth of the compression garments and shapewear market is expected to reach $5.75 billion in 2026 at a CAGR of 6.8%.
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Overview of the compression garments and shapewear market
The major product types in the market are compression garments and shapewear. Compression garments are close-fitting garments worn around the skin. The elastic property of the shapewear provides compression, improves posture and makes the back straighter and firmer. Shapewear helps with walking and sitting and reduces excessive strain on the back, especially for those who sit for long periods of time. The market is further segmented into male and female based on the wearer. The distribution segment includes multi-size stores, specialty stores and online channels. The market is segmented by application into performance and recovery and body shaping and lifestyle based on body type.
Technology finds its place in compression garments and slimming garments market trends
Technological advancements are the major trends that are gaining popularity in the market for compression garments and shapewear. The major players are focusing on designing innovative technology products to meet consumer demands and preferences. Technologies such as bonding, compression technology, and laser cutting have changed shapewear by removing bulky seams, hems, and ties. For example, in March 2019, Maidenform, an American shapewear brand owned by HanesBrands, has launched a new magic slimming collection powered by LYCRA FitSense technology. The new shapewear introduces ultra-lightweight fabric and targets ultra-firm control.
Compression Garments and Slimming Garments Industry Players
Major players in the compression garments and shapewear market are 2XU Pty. Ltd., Acme-McCrary Corporation., Adidas AG, Anita Dr. Helbig GmbH, Anne CheryCWX, Design Veronique, EC3D Orthopedic, Hanesbrands Inc., Jockey International Inc., Leonisa SA, Medi GmbH & Co. KG, Nike Inc., Triumph International, Under Armor Inc. and Wacoal America Inc.
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