Shapewear Industry 2017 Market Research Report

Compression Wear and Shapewear Market Overview: 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. Compression apparel helps to increase stamina & body balance, and control the body temperature. Shapewear squeezes and squishes the excessive fat, making the body appear slimmer. Improvement in consumer disposable income, fabric technology and design of clothing; Increasing the popularity of the dimensions and lifestyle changes in geriatric population, increasing the market value of size products. Segment Review: The report segments the compression wear and shapewear market on the basis of product type, application, gender, distribution channel, and geography. Based on type, the market is segmented into compression wear and shapewear. Compression wear segment is further categorized into bottoms; tops; sleeves; socks, stockings, & others. Bottoms are most commonly used compression wear, accounting for more than one-third of compression wear market revenue in 2015. However, sleeves segment is gaining momentum and is expected to grow at a substantial rate during the forecast period due to its lesser cost and ease of usage in combination with sportswear as well as other garments. According to the application, the market is classified into Performance & recovery and Body shaping & lifestyle. Segmentation based on gender includes male and female users. Based on distribution channel, the market is segmented into multi-retail stores, specialty retail stores, and online channels. Geographic breakdown and in-depth analysis of each of the aforesaid segments are included for North America, Europe, Asia-Pacific, and LAMEA. Top factors impacting compression wear and shapewear market Increase in Demand from Geriatric Population The GLOBAL’s geriatric population is expected to grow at an unprecedented rate. According to National Institute on Aging, in 2010, an estimated 524 million people were aged 65 or older8% of the GLOBAL’s population. This number is expected to triple to about 1.5 billion, representing 16% of the GLOBAL’s population by 2050. A rise in demand from elderly population has been observed owing to usage of compression garments for the treatment of edema, phlebitis and thrombosis which occur in old age. Thus, the demand for compression wear generated from geriatric population is expected to grow at a fast rate, creating huge opportunities for this segment in coming years. Changes in Lifestyles 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. Rising disposable income would continue to improve the standard of living of individuals. Lifestyle users will continue to include exercise in their daily fitness rules. Furthermore, increasing replacement of gym wear from compression wear would also foster the market growth. Advancements in Fabrics and Garment Design Recent advancements in fabrics incorporated into compression wear and shapewear have supplemented the growth of this market. Techniques such as bonding and laser cutting have altered the shapewear by eliminating the seams, hems, and heavy fastings. Lycra, neoprene, spandex, and nylon are the commonly used fabrics by the manufacturers. Developed fabrics are softer, more breathable, and have sculpting properties. Sankom Switzerland has introduced an exclusive line of shapewear infused with Aloe Vera, which is antibacterial and enables the shapewear to cool the body. Skins International launched a series of compression clothing infused with fabric, which is warp knitted using multiple fine quality yarns to give superior performance. Such advancements in the fabric technology continue to fuel the growth of global compression wear and shapewear market. Increase in Disposable Income of Customers The global economy improved since 2009. The figure below shows the GDP growth in percentage from 2009 to 2015. According to the GLOBAL Bank, the global GDP is expected to increase with a positive growth in the coming years. Rise in GDPs of various countries has increased disposable income of individuals, enhancing the per capita expenditure over lifestyle and luxury goods. This results in increase in demand for compression and shapewear. U.S.: Compression Wear and Shapewear Market: U.S. is the largest revenue generating country in the global compression wear and shapewear on account of presence of large number of lifestyle users and extensive popularity of athletics and other sports. Women generate significant revenue in the shapewear segment in U.S. whereas men are prominent consumers of compression wear market. Several product developments have been implemented by the marketers in the region, such as VIM & VIGR, a Montana based company launched a wide range of compression socks where the buyer could customize the choice of fabric depending upon his/her comfortability. Compression bottoms, sleeves, shirts and socks & others are among the most popular compression wear products in U.S. while waist cinchers, bodysuits, briefs and others are among popular shapewear. Competitive Landscape: The prominent market player in the report is Nike Inc., Spanks Inc., Adidas AG, Triumph International Corporation, Leonis SA, Venkel America Inc., Ann Cherry, 2 Xu PT Limited, Under Armor Inc. And Skins International Trading AG. He accepted the launch and partnership of the product as a key growth strategies to capture the market and increase their customer base. Other players in the value chain include Acme-McCrary Hosiery Mills, Sojitz Corporation of America, Omtex Health Pvt. Ltd., Vedette Shapewear and CWX. Key Benefits · Through the study, the Global Compression Wear is thoroughly analyzed and shapewear market with current trends and future approximations to elucidate the imminent investment pockets. · The report provides quantitative analysis from 2014 to 2022, so that stakeholders will be able to capitalize on the current market opportunities. · The report provides real historical statistics for 2014 and 2015 and provides Wi-Y-Y weather forecasts until 2016 to 2022, as a basis for 2015. · Competitive intelligence shows business practices through leading players in different regions. · The value chain analysis clearly provides the role of different stakeholders involved. Compression Wear and Shapewear Market Key Segments: By Product Type · Compression wear · Bottoms · Tops · Sleeves · Socks, Stockings, & Others · Shapewear By Application · Performance & Recovery · Body Shaping & Lifestyle By Gender · Male · Female By Distribution Channel · Multi-Retail Stores · Specialty Retail Stores · Online Channels By Geography North America · U.S. · Canada · Mexico Europe · UK · Germany · France · Italy · Rest of Europe Asia-Pacific · China · Japan · India · Australia · Rest of Asia-Pacific LAMEA · Brazil · South Africa · Rest of LAMEA Key Players · Nike Inc. · Spanx Inc. · ADIDAS AG · Wacoal America Inc. · Triumph International Corporation · 2XU Pty Ltd. · Leonisa SA · Ann Chery · Under Armour Inc. · Skins International Trading AG Other players in the value chain include · Acme-McCrary Hosiery Mills · Sojitz Corporation of America · Omtex Health Pvt. Ltd. · Vedette Shapewear · CWX

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Table of Content:

• INTRODUCTION· EXECUTIVE SUMMARY· MARKET OVERVIEW· ACCORDING TO THE PRODUCT TYPE, GLOBAL COMPRESSION WEAR AND SHAPEWEAR MARKET· ACCORDING TO THE APPLICATION, GLOBAL COMPRESSION WEAR AND SHAPEWEAR MARKET· ACCORDING TO THE GENDER, 6 GLOBAL COMPRESSION WEAR AND SHAPEWEAR MARKET· ACCORDING TO THE DISTRIBUTION CHANNEL, GLOBAL COMPRESSION WEAR AND SHAPEWEAR MARKET · ACCORDING TO THE GEOGRAPHY, GLOBAL COMPRESSION WEAR AND SHAPEWEAR MARKET· COMPANY PROFILES

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