Compression Wear and Shapewear Market to Reach $5,576 Million, Globally, by 2022 - Allied Market Research

PORTLAND, Oregon and PUNE, India, January 19, 2017 /PRNewswire/ --

A new report published by Allied Market Research, titled, "Compression Wear and Shapewear Market by Product, Application, End User, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2014-2022," projects that the global compression wear and shapewear market is expected to reach $5,576 million by 2022. Asia-Pacific would witness the highest growth, owing to rise in government investments for promotion of sports and changing lifestyle of consumers.

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Summary of Compression Wear and Shapewear Market Report can be accessed on the website at: https://www.alliedmarketresearch.com/compression-wear-shapewear-market

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.

"China is expected to become one of the major growth contributors of Asia-Pacific market in the coming years. The ongoing investments by the Chinese government, for the development of sports infrastructure to encourage youth athletic participation would provide huge impetus to China's compression wear market. This is also attracting several foreign athletic wear companies into the Chinese market, thereby, further intensifying the market competition, and at the same time, driving the market growth. An expanding base of middle class population in China also creates huge probabilities for an increased spending on lifestyle and luxury goods.", states Bhawna Kohli, Manager Research at AMR.

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. Growth of this segment is also due to the vast health benefits offered by these garments, such as improved performance, body temperature maintenance, reduced muscle fatigue, and injury prevention. A significant rise in number of lifestyle users in developing regions and rising trend of using compression wear as an athleisure wear, would contribute to the demand of compression wear in upcoming years.