Global Compression Wear and Shapewear Market Size, Share, Growth Analysis, By Product(Compression wear, Bottoms), By Gender(Female and male), By Application(Performance & Recovery, and Body Shaping & Lifestyle) - Industry Forecast 2023-2030

Global Compression wear and shapewear market size was valued at USD 5.06 billion in 2021 and is poised to grow from USD 5.32 billion in 2022 to USD 7.92 billion by 2030, growing at a CAGR of 5.1% in the forecast period (2023-2030).

The global market for compression wear and shapewear has witnessed noteworthy growth in recent years, propelled by escalating health and fitness awareness, surging interest in body shaping and contouring solutions, and the widespread embrace of athleisure clothing. Compression wear pertains to garments intentionally designed to exert pressure on specific body areas, with the intent of enhancing blood circulation, mitigating muscle fatigue, and optimizing performance during physical activities. Conversely, shapewear concentrates on sculpting the body and producing a streamlined appearance beneath attire.

The expansive global compression wear and shapewear market caters to a diverse array of consumer segments, ranging from athletes and fitness enthusiasts to post-surgery patients, expectant mothers, and individuals in pursuit of instantaneous body sculpting effects. The surge in the adoption of these garments is intricately linked with the escalating trend of adopting vibrant, health-conscious lifestyles.

Notably, the athleisure fashion phenomenon, characterized by the fusion of comfort and style, has played a pivotal role in elevating compression wear to the status of everyday attire. In tandem, consumers are progressively seeking apparel that seamlessly blends functional advantages with visual allure, amplifying the market's trajectory. Furthermore, strides in fabric technology, encompassing attributes like moisture-wicking capabilities, antibacterial properties, and seamless designs, have notably elevated the demand for both compression wear and shapewear. Manufacturers remain dedicated to perpetually innovating, crafting products that deliver the ultimate amalgamation of support, comfort, and breathability.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Compression wear and shapewear market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Segments covered in this report:

The global compression wear and shapewear market share is segmented on the basis of product type, gender, application, distribution channel, and geography. On the basis of product type, the market is segmented into Socks Stockings, Compression wear, Tops, Bottoms, Sleeves, and Others. According to the gender, the market is segmented into female and male. On the basis of application, the market is divided into performance & recovery, and body shaping & lifestyle. According to the distribution channel, the market is segmented into multi-retail stores, specialty retail stores, and online channels.

Driver:

The increasing engagement in sports and fitness pursuits is generating a need for compression wear that enhances athletic performance and contributes to recuperation post-exercise.

Restraint:

Excessive or incorrect utilization of compression wear and shapewear has the potential to result in health concerns, including compromised blood circulation or skin irritation, which could dissuade certain consumers.

Market Trends:

Heightened Emphasis on Health and Fitness: The rising emphasis placed on health and fitness has spurred an escalating desire for compression wear among athletes, fitness aficionados, and those aiming to enhance performance, receive muscular reinforcement, and facilitate post-exercise recuperation.