A recent report by Allied Market Research titled "Compression Wear and Shapewear Market by Product Type, Gender, Application, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2030" sheds light on the thriving market of compression wear and shapewear.
The comprehensive study delves into top investment prospects, winning strategies, drivers, opportunities, market size estimations, competitive landscape, and evolving market trends. The market's growth is attributed to several factors, including increased disposable income among consumers, advancements in fabric technology and garment designs, growing popularity of compression wear among the elderly, shifting lifestyles, and higher demand for compression wear from the fitness industry.
However, the market faces some constraints due to health issues associated with tightly worn compression and shapewear, such as blood clots, breathing problems, and acid reflux.
The male user segment leads the market, driven by their higher adoption of compression wear, especially during workouts. The female consumer segment is expected to witness the highest growth rate owing to increased female interest in fitness, sports activities, and the rise of women-specific product lines from major brands like Nike and Under Armour.
Application-wise, the performance and recovery segment holds the largest revenue share due to extensive usage of compression wear for injury prevention, improved blood circulation, and faster recovery.
Among distribution channels, specialty retail stores have the highest revenue share, while online sales are expected to grow significantly due to wider product availability and increased internet penetration in Asia-Pacific and LAMEA.
The compression wear segment dominates the market, accounting for over 70% of the revenue, primarily driven by its use among professional athletes and individuals engaging in recreational exercises.
The report offers valuable insights for stakeholders, including an in-depth analysis of market trends, regional and global markets, key players, market segments, competitive scenarios, sales areas, and growth strategies. With quantitative data from 2020 to 2030, investors can identify lucrative opportunities in the compression wear and shapewear market.
