The compression wear segment dominated the overall market in 2015, accounting for over 70% of the market revenue, due to the widespread usage of various types of compression wear by professional athletes, and lifestyle users practicing recreational exercises.
Portland, OR -- (SBWIRE) -- 10/02/2017 -- Compression Wear and Shapewear Market is expected to reach $5,576 million by 2022. Compression wear and shapewear are skintight apparels, which stimulate blood circulation and stabilize muscles by exerting pressure at specific parts of the body.
Growth of the market is driven by rise in disposable income of consumers, advancements in the fabric technology & garment designs, rise in popularity of compression wear among the geriatric population, change in lifestyles of people, and increase in demand for compression wear arising from fitness industry. However, health issues such as blood clots, breathing problem, and acid reflux caused from tightly worn compression and shapewear, restrains the market growth. Product development and innovative marketing & promotion strategies are anticipated to provide lucrative business opportunities for the players in the future.
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Growing awareness for fitness is higher in urban areas and in years to come, the market would witness steady growth in semi-urban areas of developing economies. A global rise in fitness consciousness and an increasing participation in sports activities, largely contribute to the growth of this market.
Key Benefits of the Compression Wear and Shapewear Market:
-The study provides an in-depth analysis of the world compression wear and shapewear market with current trends and future estimations to elucidate the imminent investment pockets.
-The report offers a quantitative analysis from 2014 to 2022, which is expected to enable the stakeholders to capitalize on prevailing market opportunities.
-It presents actual historical figures for 2014 and 2015 and provides Y-o-Y forecasts from 2016 to 2022, considering 2015 as base.
-Value chain analysis provides a clear understanding of the roles of different stakeholders involved.
Key market players profiled in the report are Nike Inc., Spanx Inc., Adidas AG, Triumph International Corporation, Leonisa SA, Wacoal America Inc., Ann Chery, 2XU Pty Ltd., Under Armour Inc., and Skins International Trading AG. They have adopted Product launches and partnerships as their main growth strategies to capture a larger market share and increase their customer base.
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