Report Ocean recently released a research report on the Shapewear Market, which covers the market’s historical growth, cost structure, revenue, trends, and potential prospects for the period 2023-2031. The report provides an extensive coverage of the market across various categories and includes a detailed analysis at the national level, along with an evaluation of the key drivers, restraints, trends, and opportunities in the market.
The global shapewear market value was US$ 2.6 billion in 2021. The global shapewear market is forecast to grow to US$ 4.2 billion by 2030, registering a compound annual growth rate (CAGR) of 8.5% during the forecast period from 2022 to 2030.
Compression and shapewear are skintight garments that apply pressure to certain areas of the body in order to improve blood circulation and muscle stability.
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Factors Influencing the Market Growth
- Fitness is getting a more popular concern among the urban population. As a result, the global shapewear market is developing rapidly in urban and semi-urban areas.
- The growth of the global shapewear market is also attributed to growing awareness regarding fitness. In addition, increasing sporting activities and a growing number of participants in the sports activities are forecast to fuel the market growth during the forecast period.
- Rising living standards and growing disposable income are forecast to benefit the global shapewear market during the study period.
- Recent developments in materials used in compression and shapewear are forecast to benefit the industry in terms of revenue. Moreover, the growing use of efficient fabrics such as lycra, neoprene, spandex, and nylon is gaining rapid popularity. Sankom Switzerland has introduced an exclusive line of shapewear infused with antimicrobial Aloe Vera to help the body relax. Thus, all these factors are forecast to contribute to market growth.
- Growing cases of obesity are forecast to benefit the global shapewear market. In addition, growing urbanization will contribute to market growth during the study period.
- The availability of efficient substitutes may hamper the market growth during the forecast period.
Regional Analysis
North America holds dominance in the global shapewear market due to the increasing popularity of athletics and sports. In addition, the growing interest and participation of youth in sports activities are forecast to fuel the market growth during the study period.
The presence of prominent players will fuel the growth of the regional shapewear market. The most popular compression wear items are bottoms, shirts, sleeves, socks, waist cinchers, and bodysuits, which are popular shapewear items in the United States. Thus, the shapewear industry is projected to be driven by the region’s growing apparel and textile market.
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COVID-19 Analysis
The global shapewear market had to witness significant challenges during the study period owing to the stringent lockdowns. Moreover, the government imposed restrictions that forced the traders to stop the sales activities for a short period of time. Moreover, the ban on sports activities, public gatherings, and other activities further hampered the industry’s growth. However, the presence of online platforms was proven beneficial for the market during the pandemic period. Population all across the world chose online platforms to purchase things. Thus, traders began offering efficient online services, which accelerated the market growth\.
Competitors in the Market
• Nike, Inc.
• Adidas AG
• Spanx Inc.
• Triumph International Corporation
• Leonisa
• Wacoal America, Inc.
• Ann Chery
• 2XU Pty. Ltd.
• Under Armour Inc.
• Skins International Trading AG
• Other Prominent Players
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Market Segmentation
By End-user
• Male
• female
By Distribution channel
• Hypermarkets & Supermarkets
• Specialty Stores
• Online
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
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- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Table of Content
Chapter 1: Global Shapewear Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Shapewear market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Shapewear Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Shapewear market Size Forecast (2023-2031).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Shapewear market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Shapewear market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Shapewear market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Shapewear business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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