Compression Sportswear Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024

Description

Persistence Market Research has recently released a comprehensive report on the worldwide market for compression sportswear. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure. This research publication presents exclusive data and statistics outlining the anticipated growth trajectory of the global compression sportswear market from 2024 to 2031.

Key Insights:

Compression Sportswear Market Size (2024E): US$ 4.27 Bn
Projected Market Value (2031F): US$ 6.64 Bn
Global Market Growth Rate (CAGR 2024 to 2031): 12.2%

Compression Sportswear Market - Report Scope:

Compression sportswear plays a crucial role in enhancing athletic performance, reducing muscle fatigue, and accelerating recovery. These garments, including compression tops, shorts, tights, and socks, are designed to provide targeted pressure to specific muscle groups, improving blood circulation and oxygen flow. The market caters to professional athletes, fitness enthusiasts, and individuals seeking improved comfort during physical activities. Market growth is driven by increasing health consciousness, rising participation in sports and fitness activities, and growing awareness about the benefits of compression sportswear. The adoption of advanced fabrics, such as moisture-wicking and antimicrobial materials, enhances product functionality and user experience.

Market Growth Drivers:

The global compression sportswear market is propelled by several key factors, including the increasing popularity of fitness trends such as yoga, running, and high-intensity interval training (HIIT). The rise in gym memberships and sports participation among all age groups significantly contributes to market expansion. Additionally, advancements in textile technology, including the integration of smart fabrics for tracking performance and recovery, further boost product demand. The growing prevalence of lifestyle-related ailments, such as obesity and varicose veins, has also led to increased adoption of compression sportswear as part of preventive healthcare measures. Moreover, the growing e-commerce sector facilitates easy access to a wide range of products, driving sales globally.

Market Restraints:

Despite its promising outlook, the compression sportswear market faces challenges such as the high cost of premium products, which may limit affordability for some consumers. Counterfeit and low-quality products also pose a threat, potentially eroding consumer trust in the market. Additionally, the niche nature of compression sportswear in certain regions, coupled with limited awareness of its benefits, can hinder market growth.

Market Opportunities:

The compression sportswear market presents significant growth opportunities driven by product innovation and expanding consumer demographics. The integration of sustainable and eco-friendly materials addresses increasing consumer demand for environmentally responsible products. Emerging markets in Asia-Pacific and Latin America, where disposable incomes are rising, offer untapped potential for market players. Technological advancements, such as incorporating sensors for health monitoring, open new avenues for product differentiation and appeal to tech-savvy consumers. Strategic collaborations with sports teams and fitness influencers can also enhance brand visibility and market penetration.

Key Questions Answered in the Report:

What factors are driving the growth of the compression sportswear market globally?
Which product categories are witnessing the highest demand?
How are advancements in fabric technology influencing market trends?
Who are the leading players in the compression sportswear market, and what strategies are they adopting?
What are the future prospects and emerging trends in the market?

Competitive Intelligence and Business Strategy:

Leading players in the compression sportswear market, including Under Armour, Inc., Nike, Inc., Adidas AG, and Skins International Trading AG, focus on innovation, sustainability, and strategic partnerships to maintain competitive advantages. These companies invest in R&D to develop advanced products with enhanced features such as UV protection, odor resistance, and improved durability. Collaborations with athletes and fitness experts aid in product endorsement and consumer trust.

Key Companies Profiled:

Under Armour, Inc.
Nike, Inc.
Adidas AG
Skins International Trading AG
2XU Pty Ltd
ASICS Corporation
Puma SE
Lululemon Athletica Inc.
New Balance, Inc.
Reebok International Limited

Market Segmentation

By Product Type

Shirts
Shorts
Tights/Leggings
Innerwear

By End User

Men
Women
Children

By Distribution Channel

Hypermarket/Supermarket
Specialty Stores
Multi-Brand Stores
Online

By Region

North America
Latin America
Europe
South Asia & Oceania
East Asia
The Middle East & Africa

Product Code: PMRREP35007

1. Executive Summary

1.1. Global Compression Sportswear Market Snapshot, 2024 and 2031
1.2. Market Opportunity Assessment, 2024 - 2031, US$ Bn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Key Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Macro-Economic Factors
- 2.3.1. Global GDP Growth Outlook
- 2.3.2. Global Urbanization Outlook
2.4. COVID-19 Impact Analysis
2.5. Forecast Factors - Relevance and Impact

3. Value Added Insights

3.1. Regulatory Landscape
3.2. Value Chain Analysis
3.3. PESTLE Analysis
3.4. Porter's Five Force Analysis

4. Price Trend Analysis

4.1. Key Highlights
4.2. Key Factors Impacting Soda Makers Prices
4.3. Pricing Analysis
- 4.3.1. By Product Type

5. Global Compression Sportswear Market Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

5.1. Global Compression Sportswear Market Outlook: Product Type
- 5.1.1. Introduction / Key Findings
- 5.1.2. Historical Market Size (US$ Bn ) and Analysis, By Product Type, 2019 - 2023
- 5.1.3. Current Market Size (US$ Bn ) and Analysis and Forecast, By Product Type, 2024 - 2031
  - 5.1.3.1. Shirts
  - 5.1.3.2. Shorts
  - 5.1.3.3. Tights/Leggings
  - 5.1.3.4. Innerwear
  - 5.1.3.5. Others
5.2. Market Attractiveness Analysis: Product Type
5.3. Global Compression Sportswear Market Outlook: End-user
- 5.3.1. Introduction / Key Findings
- 5.3.2. Historical Market Size (US$ Bn ) Analysis, By End-user, 2019 - 2023
- 5.3.3. Current Market Size (US$ Bn ) Analysis and Forecast, By End-user, 2024 - 2031
  - 5.3.3.1. Men
  - 5.3.3.2. Women
  - 5.3.3.3. Children
5.4. Market Attractiveness Analysis: End-user
5.5. Global Compression Sportswear Market Outlook: Distribution Channel
- 5.5.1. Introduction / Key Findings
- 5.5.2. Historical Market Size (US$ Bn ) Analysis, By Distribution Channel, 2019 - 2023
- 5.5.3. Current Market Size (US$ Bn ) Analysis and Forecast, By Distribution Channel, 2024 - 2031
  - 5.5.3.1. Hypermarket/Supermarket
  - 5.5.3.2. Specialty Stores
  - 5.5.3.3. Multi-brand Stores
  - 5.5.3.4. Online
  - 5.5.3.5. Others
5.6. Market Attractiveness Analysis: Distribution Channel

6. Global Compression Sportswear Market Outlook: Region

6.1. Key Highlights
6.2. Historical Market Size (US$ Bn ) and Analysis, By Region, 2019 - 2023
6.3. Current Market Size (US$ Bn ) Analysis and Forecast, By Region, 2024 - 2031
- 6.3.1. North America
- 6.3.2. Europe
- 6.3.3. East Asia
- 6.3.4. South Asia and Oceania
- 6.3.5. Latin America
- 6.3.6. Middle East & Africa
6.4. Market Attractiveness Analysis: Region

7. North America Compression Sportswear Market Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

7.1. Key Highlights
7.2. Historical Market Size (US$ Bn ) Analysis, By Market, 2019 - 2023
- 7.2.1. By Country
- 7.2.2. By Product Type
- 7.2.3. By End-user
- 7.2.4. By Distribution Channel
7.3. Current Market Size (US$ Bn ) Analysis and Forecast, By Country, 2024 - 2031
- 7.3.1. U.S.
- 7.3.2. Canada
7.4. Current Market Size (US$ Bn ) Analysis and Forecast, By Product Type, 2024 - 2031
- 7.4.1. Shirts
- 7.4.2. Shorts
- 7.4.3. Tights/Leggings
- 7.4.4. Innerwear
- 7.4.5. Others
7.5. Current Market Size (US$ Bn ) Analysis and Forecast, By End-user, 2024 - 2031
- 7.5.1. Men
- 7.5.2. Women
- 7.5.3. Children
7.6. Current Market Size (US$ Bn ) Analysis and Forecast, By Distribution Channel, 2024 - 2031
- 7.6.1. Hypermarket/Supermarket
- 7.6.2. Specialty Stores
- 7.6.3. Multi-brand Stores
- 7.6.4. Online
- 7.6.5. Others
7.7. Market Attractiveness Analysis

8. Europe Compression Sportswear Market Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

8.1. Key Highlights
8.2. Historical Market Size (US$ Bn ) Analysis, By Market, 2019 - 2023
- 8.2.1. By Country
- 8.2.2. By Product Type
- 8.2.3. By End-user
- 8.2.4. By Distribution Channel
8.3. Current Market Size (US$ Bn ) Analysis and Forecast, By Country, 2024 - 2031
- 8.3.1. Germany
- 8.3.2. France
- 8.3.3. U.K.
- 8.3.4. Italy
- 8.3.5. Spain
- 8.3.6. Russia
- 8.3.7. Rest of Europe
8.4. Current Market Size (US$ Bn ) Analysis and Forecast, By Product Type, 2024 - 2031
- 8.4.1. Shirts
- 8.4.2. Shorts
- 8.4.3. Tights/Leggings
- 8.4.4. Innerwear
- 8.4.5. Others
8.5. Current Market Size (US$ Bn ) Analysis and Forecast, By End-user, 2024 - 2031
- 8.5.1. Men
- 8.5.2. Women
- 8.5.3. Children
8.6. Current Market Size (US$ Bn ) Analysis and Forecast, By Distribution Channel, 2024 - 2031
- 8.6.1. Hypermarket/Supermarket
- 8.6.2. Specialty Stores
- 8.6.3. Multi-brand Stores
- 8.6.4. Online
- 8.6.5. Others
8.7. Market Attractiveness Analysis

9. East Asia Compression Sportswear Market Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

9.1. Key Highlights
9.2. Historical Market Size (US$ Bn ) Analysis, By Market, 2019 - 2023
- 9.2.1. By Country
- 9.2.2. By Product Type
- 9.2.3. By End-user
- 9.2.4. By Distribution Channel
9.3. Current Market Size (US$ Bn ) Analysis and Forecast, By Country, 2024 - 2031
- 9.3.1. China
- 9.3.2. Japan
- 9.3.3. South Korea
9.4. Current Market Size (US$ Bn ) Analysis and Forecast, By Product Type, 2024 - 2031
- 9.4.1. Shirts
- 9.4.2. Shorts
- 9.4.3. Tights/Leggings
- 9.4.4. Innerwear
- 9.4.5. Others
9.5. Current Market Size (US$ Bn ) Analysis and Forecast, By End-user, 2024 - 2031
- 9.5.1. Men
- 9.5.2. Women
- 9.5.3. Children
9.6. Current Market Size (US$ Bn ) Analysis and Forecast, By Distribution Channel, 2024 - 2031
- 9.6.1. Hypermarket/Supermarket
- 9.6.2. Specialty Stores
- 9.6.3. Multi-brand Stores
- 9.6.4. Online
- 9.6.5. Others
9.7. Market Attractiveness Analysis

10. South Asia & Oceania Compression Sportswear Market Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

10.1. Key Highlights
10.2. Historical Market Size (US$ Bn ) Analysis, By Market, 2019 - 2023
- 10.2.1. By Country
- 10.2.2. By Product Type
- 10.2.3. By End-user
- 10.2.4. By Distribution Channel
10.3. Current Market Size (US$ Bn ) Analysis and Forecast, By Country, 2024 - 2031
- 10.3.1. India
- 10.3.2. Southeast Asia
- 10.3.3. ANZ
- 10.3.4. Rest of South Asia & Oceania
10.4. Current Market Size (US$ Bn ) Analysis and Forecast, By Product Type, 2024 - 2031
- 10.4.1. Shirts
- 10.4.2. Shorts
- 10.4.3. Tights/Leggings
- 10.4.4. Innerwear
- 10.4.5. Others
10.5. Current Market Size (US$ Bn ) Analysis and Forecast, By End-user, 2024 - 2031
- 10.5.1. Men
- 10.5.2. Women
- 10.5.3. Children
10.6. Current Market Size (US$ Bn ) Analysis and Forecast, By Distribution Channel, 2024 - 2031
- 10.6.1. Hypermarket/Supermarket
- 10.6.2. Specialty Stores
- 10.6.3. Multi-brand Stores
- 10.6.4. Online
- 10.6.5. Others
10.7. Market Attractiveness Analysis

11. Latin America Compression Sportswear Market Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

11.1. Key Highlights
11.2. Historical Market Size (US$ Bn ) Analysis, By Market, 2019 - 2023
- 11.2.1. By Country
- 11.2.2. By Product Type
- 11.2.3. By End-user
- 11.2.4. By Distribution Channel
11.3. Current Market Size (US$ Bn ) Analysis and Forecast, By Country, 2024 - 2031
- 11.3.1. Brazil
- 11.3.2. Mexico
- 11.3.3. Rest of Latin America
11.4. Current Market Size (US$ Bn ) Analysis and Forecast, By Product Type, 2024 - 2031
- 11.4.1. Shirts
- 11.4.2. Shorts
- 11.4.3. Tights/Leggings
- 11.4.4. Innerwear
- 11.4.5. Others
11.5. Current Market Size (US$ Bn ) Analysis and Forecast, By End-user, 2024 - 2031
- 11.5.1. Men
- 11.5.2. Women
- 11.5.3. Children
11.6. Current Market Size (US$ Bn ) Analysis and Forecast, By Distribution Channel, 2024 - 2031
- 11.6.1. Hypermarket/Supermarket
- 11.6.2. Specialty Stores
- 11.6.3. Multi-brand Stores
- 11.6.4. Online
- 11.6.5. Others
11.7. Market Attractiveness Analysis

12. Middle East & Africa Compression Sportswear Market Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

12.1. Key Highlights
12.2. Historical Market Size (US$ Bn ) Analysis, By Market, 2019 - 2023
- 12.2.1. By Country
- 12.2.2. By Product Type
- 12.2.3. By End-user
- 12.2.4. By Distribution Channel
12.3. Current Market Size (US$ Bn ) Analysis and Forecast, By Country, 2024 - 2031
- 12.3.1. GCC Countries
- 12.3.2. South Africa
- 12.3.3. Northern Africa
- 12.3.4. Rest of Middle East & Africa
12.4. Current Market Size (US$ Bn ) Analysis and Forecast, By Product Type, 2024 - 2031
- 12.4.1. Shirts
- 12.4.2. Shorts
- 12.4.3. Tights/Leggings
- 12.4.4. Innerwear
- 12.4.5. Others
12.5. Current Market Size (US$ Bn ) Analysis and Forecast, By End-user, 2024 - 2031
- 12.5.1. Men
- 12.5.2. Women
- 12.5.3. Children
12.6. Current Market Size (US$ Bn ) Analysis and Forecast, By Distribution Channel, 2024 - 2031
- 12.6.1. Hypermarket/Supermarket
- 12.6.2. Specialty Stores
- 12.6.3. Multi-brand Stores
- 12.6.4. Online
- 12.6.5. Others
12.7. Market Attractiveness Analysis

13. Competition Landscape

13.1. Market Share Analysis, 2023
13.2. Market Structure
- 13.2.1. Competition Intensity Mapping
- 13.2.2. Competition Dashboard
13.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 13.3.1. Under Armour, Inc.
  - 13.3.1.1. Overview
  - 13.3.1.2. Product Portfolio
  - 13.3.1.3. Key Financials
  - 13.3.1.4. Market Developments
  - 13.3.1.5. Market Strategy
- 13.3.2. Nike, Inc.
- 13.3.3. Adidas AG
- 13.3.4. Puma SE
- 13.3.5. Skins International Trading AG
- 13.3.6. 2XU Pty Ltd.
- 13.3.7. CW-X
- 13.3.8. Reebok International Ltd.
- 13.3.9. Bauerfeind AG
- 13.3.10. Asics Corporation
- 13.3.11. Zensah
- 13.3.12. Fuaark

14. Appendix

14.1. Research Methodology
14.2. Research Assumptions
14.3. Acronyms and Abbreviations

Compression Sportswear Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024 - 2031