What is Global Sports Shapewear Market?
The Global Sports Shapewear Market is a vast and dynamic sector that encompasses a wide range of products designed to enhance athletic performance and comfort. These products, which include everything from compression shorts and tops to sports bras and leggings, are designed to support and protect the body during physical activity, helping to improve performance and reduce the risk of injury. The market is driven by a number of factors, including increasing participation in sports and fitness activities, growing awareness of the benefits of sports shapewear, and the rising popularity of athleisure fashion. However, it's also a highly competitive market, with numerous brands vying for a share of the consumer's wallet. Despite this, the market has shown strong growth in recent years, and this trend is expected to continue in the future.
Siamese, Split in the Global Sports Shapewear Market:
The Global Sports Shapewear Market can be segmented into two main categories: Siamese and Split. Siamese shapewear is a one-piece garment that covers the entire body, providing comprehensive support and compression. It's often used in sports like gymnastics, swimming, and athletics, where full-body support is crucial. On the other hand, Split shapewear consists of separate pieces that can be worn individually or together, depending on the user's needs. This type of shapewear is more versatile and can be used in a wider range of sports and fitness activities. Both types of shapewear have their own advantages and disadvantages, and the choice between them often comes down to personal preference and the specific requirements of the sport or activity in question.
Online Retail, Offline Retail in the Global Sports Shapewear Market:
The Global Sports Shapewear Market is also divided based on the distribution channel, with products being sold through both online and offline retail outlets. Online retail has become increasingly popular in recent years, thanks to the convenience and wide product range it offers. Consumers can easily compare prices and products from different brands, read reviews, and make purchases at any time and from anywhere. However, offline retail still plays a significant role in the market. Many consumers prefer to try on shapewear before buying, to ensure a proper fit and comfort. Furthermore, offline retail stores often offer expert advice and personalized service, which can be particularly valuable for first-time buyers or those looking for specific products. Both online and offline retail have their own strengths and challenges, and successful brands often adopt a multi-channel approach to reach a wider customer base.
Global Sports Shapewear Market Outlook:
As per a recent survey, the Global Sports Shapewear Market is set to experience significant growth in the coming years. The market, which was valued at US$ 647.3 million in 2022, is expected to reach a value of US$ 860.4 million by 2029. This represents a compound annual growth rate (CAGR) of 4.2% over the period from 2023 to 2029. This growth is likely to be driven by a number of factors, including increasing consumer interest in sports and fitness, the growing popularity of athleisure fashion, and ongoing product innovation by shapewear brands. However, the market also faces challenges, such as intense competition and changing consumer preferences. Despite these challenges, the outlook for the Global Sports Shapewear Market remains positive, with strong growth expected in the coming years.
| Report Metric | Details |
| Report Name | Sports Shapewear Market |
| Accounted market size in 2022 | US$ 647.3 million |
| Forecasted market size in 2029 | US$ 860.4 million |
| CAGR | 4.2% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Spanx, Triumph International, Wacoal, Wolford AG, Yummie, VF Corporation, Maidenform, HanesBrands, Leonisa, Shapeez, Miraclesuit, Commando, Ann Chery, Your Contour |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
