Global Shapewear Market Expected to Reach US$ 3.9 Bn by 2027: Industry Probe

October 09, 2019, Domain: Consumer Goods & Retail

According to a new market report published by Industry Probe (www.industryprobe.com) titled ‘Shapewear Market (Type: Shaping Bodysuits, Shaping Camisoles, Shaping Briefs and Panties, Waist Cinchers, Thigh Shapers, Shaping Bra, Shaping Leggings, and Others (Shaping Skirts, Back Support Shapers etc.); Control Area: Abdomen, Waist, Torso, Thighs, Legs, Hips, and Others (Rear, Back etc.); Control Level: Smooth Level, Medium Level, and High Level; Consumer Group: Men, and Women; Distribution Channel: Online and Offline (Hypermarkets & Supermarkets, Specialty Stores, and Brand Stores) – Global Industry Dynamics 2018-19, Trends and Forecast, 2020–2027,’ the global shapewear market is expected to reach US$ 3.9 Bn by 2027 and expand at a CAGR of 6.7% from 2019 to 2027.

 

Overview

  • The global Shapewear market was valued at US$ 2,186.7 Mn in 2018 and is expected to expand at a CAGR of 6.7% from 2019 to 2027. Increasing desire to look slim and good is expected to boost the global shapewear market in the near future.

  • North America held a prominent share in the global shapewear market in 2018 followed by Europe and Asia Pacific

  • Asia Pacific is expected to be a key upcoming market for shapewear during the forecast timeframe. Rise in disposable income and growing obesity are anticipated to be the key factors driving the growth of the shapewear market in this region.

Driving Factors

  • Growing awareness about fitness among the masses is significantly driving the growth of the shapewear market. Rise in participation in various fitness activities and sports is encouraging the market growth.

  • Furthermore, rise in disposable income will continue to improve the standard of living of people. Lifestyle users will continue to include exercise in their daily fitness routine.

  • Also, increasing replacement of gym wear by compression wear is likely to foster the market. Rising desire to look good is also contributing to the increased demand for shapewear.

  • Moreover, rise in obesity rate and stress at the workplace are some of the major factors leading to increased participation in sports and other fitness activities. This in turn is significantly driving the growth of the shapewear market.

Key Challenges

  • Body shapers are often dangerous to one’s health owing to excessive use of and from wearing the tight fitted shaping garments. Tight shapewear can often cause gastro esophageal reflux disease. The acid reflux often caused by shapewear has also been linked to injury in the esophagus.

  • The reinventing of the fashion industry in recent years is driven by a combination of comfort and anti-fit wear. Revival of comfort in fashion is restraining the growth of the shapewear market.

Market Preference

  • In terms of type, shaping bodysuits are mostly preferred as bodysuits are ideal to cover the full body from torso to crochet

  • In terms of control area, abdomen is the major segment and is anticipated to dominate the market during the forecast period, followed by the waist segment. Abdomen segment contributes major share to the shapewear market and is anticipated to expand at a CAGR of 6.7% during the forecast period.

  • Based on control, the medium control level shapewear segment dominates the market as they provide comfort and compression at the same time

  • In terms of consumer group, women’s segment dominates the shapewear market owing to increased desire to look slim and good

  • Based on distribution channel, the offline distribution channel is expected to be the most attractive segment during the forecast period due to the preference of consumers toward offline shopping.

  • In terms of region, North America holds a major share of the global shapewear market, followed by Europe

Competitive Landscape

  • The shapewear market is dominated by several players who are focused on the development of new products to cater to the rising demand for the product in the market.

  • The report includes the below mentioned pointers of the major players operating in the shapewear market:

    • Competition Matrix

    • Company Overview

    • Product Profiling

    • Market Share Analysis (2018)

    • Product Innovation

    • Product Comparison Analysis

    • Business Strategies / Recent Developments

      • Technological advancements

      • Key mergers and acquisitions

      • Expansion strategies

    • Company Financials

Major Players Covered under the Scope

Ø  Hanes Brands Inc.

Ø  Spanx, Inc.

Ø  Jockey International, Inc.

Ø  Triumph Global Sales AG.

Ø  Leonisa

Ø  Wacoal Holdings Corp

Ø  Marks and Spencer Plc.

Ø  PVH Corp.

Ø  Next Plc.

Ø  Ann Chery

 

 

Shapewear Market – Global Industry Dynamics 2018-19, Trends and Forecast, 2020–2027

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