Report Overview
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The global sports compression wear market size was USD 1155.6 million in 2022. As per our research, the market is expected to reach USD 2214.1 million in 2029, exhibiting a CAGR of 10.1% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with sports compression wear market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
Sports compression wear refers to clothing garments designed to provide a level of compression to specific areas of the body during athletic activities. These garments are typically made from stretchy and elastic materials like spandex, nylon, or a combination of synthetic fabrics. The compression they provide is intended to offer various benefits to athletes, both during and after their workouts or competitions.
The sports compression wear market has seen significant growth in recent years due to increasing awareness of the potential benefits among athletes and fitness enthusiasts. This growth has led to a wide range of products, including compression shorts, leggings, tops, sleeves, socks, and even full-body suits.
COVID-19 Impact: Pandemic Hampered the Demand for Market
The pandemic led to disruptions in global supply chains, affecting the production and distribution of various goods, including sports compression wear. Lockdowns, factory closures, and reduced workforce availability in different parts of the world could have led to delays in manufacturing and shipping. With gyms and sports facilities temporarily closing in many regions due to lockdowns and social distancing measures, consumer interest in sports-related products could have waned. People working from home and adopting more casual attire might have reduced the demand for compression wear. As individuals focused on their health and safety, their priorities might have shifted away from purchasing non-essential items like sportswear. Financial uncertainties during the pandemic might also have led consumers to cut back on discretionary spending. As restrictions eased and sports activities gradually resumed, there might have been a rebound in demand for sportswear. Athletes and fitness enthusiasts returning to their routines might have looked to upgrade their gear.
Latest Trends
"Performance Enhancement to Fuel Market Growth"
Manufacturers claim that compression garments can improve blood circulation and oxygen delivery to muscles, thereby potentially enhancing performance during exercise. The pressure applied by these garments is thought to reduce muscle oscillation and fatigue, leading to improved power output and overall performance. Compression wear is often promoted as aiding in muscle recovery after intense physical activity. The graduated pressure exerted by the garments is believed to help remove metabolic waste products and decrease muscle soreness, potentially accelerating the recovery process. Some athletes use compression wear to provide additional support to muscles and joints, potentially reducing the risk of certain injuries, such as muscle strains or ligament sprains. The compression can help stabilize muscles and limit excessive movement during physical activities. The sports compression wear market includes a wide range of products, such as compression socks, sleeves, tights, shorts, tops, and even full-body suits. These products are designed for different sports and activities, catering to specific muscle groups and areas of the body.
Segmentation
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- By Type Analysis
According to type, the market can be segmented into Compression Socks, Compression Under, Compression Arm Sleeves, Compression Tops.
- By Application Analysis
Based on application, the market can be divided into Men, Women.
Driving Factors
"Increasing Health and Fitness Awareness to Drive Market Growth"
The growing awareness of the importance of maintaining an active and healthy lifestyle has led to an increased demand for sports compression wear that offers performance-enhancing benefits. Compression wear fits into this trend as it's perceived to contribute to overall fitness and well-being. The athleisure trend, where athletic-style clothing is worn for everyday activities, has also contributed to the popularity of compression wear. Many people appreciate the comfort and style of compression garments, making them suitable for both exercise and casual wear.
"Rise in Demand from High-Profile Athletes to Boost Market Growth"
High-profile athletes and sports professionals often endorse compression wear, which can influence consumer choices. Athletes' testimonials about improved performance and recovery while using compression garments can sway potential buyers. Manufacturers have been developing innovative fabric technologies that combine compression with moisture-wicking, breathability, and even UV protection. These advancements make compression wear more comfortable and functional, appealing to a wider range of consumers. Compression wear has medical applications as well, such as aiding in the management of certain circulatory conditions like deep vein thrombosis (DVT) and lymphedema. This medical validation has led to increased interest in compression wear among individuals dealing with these conditions. All these factors are contributing to sports compression wear market growth.
Restraining Factors
"High Cost to Restrict Market Growth "
High-quality sports compression wear can be relatively expensive compared to regular sportswear. This cost factor might discourage budget-conscious consumers from investing in compression garments, especially if they perceive the benefits to be unclear or uncertain
Regional Insights
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"Presence of Key Players in North America Anticipated to Drive Market Expansion"
North America holds leading position in sports compression wear market share. The United States and Canada were significant contributors to the sportswear market due to the high prevalence of sports activities, fitness culture, and a well-established market for sports-related products.
Key Industry Players
"Adoption Innovative Strategies by Key Players Influencing Market Growth"
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio.
The top key players in the market are Under Armour, Nike, Adidas, CW-X, 2XU, CEP (medi), SKINS, Li-Ning, X-Bionic, Goldwin, Compressport, Zensah. The strategies to develop new technologies, capital investment in R&D, improve product quality, acquisitions, mergers, and compete for the market competition help them to perpetuate their position and value in the market. Besides, collaboration with other companies & extensive possession over market shares by the key players stimulates market demand.
List of Market Players Profiled
- Under Armour
- Nike
- Adidas
- CW-X
- 2XU
- CEP (medi)
- SKINS
- Li-Ning
- X-Bionic
- Goldwin
- Compressport
- Zensah
Report Coverage
This report examines an understanding of the sports compression wear market’s size, share, and growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.
Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.
This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 1155.6 Million in 2022 |
Market Size Value By |
US$ 2214.1 Million by 2029 |
Growth Rate |
CAGR of 10.1% from 2022 to 2029 |
Forecast Period |
2022-2029 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the global Sports compression wear market expected to touch by 2029?
The global sports compression wear market is expected to touch USD 2214.1 million by 2029.
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What CAGR is the sports compression wear market expected to exhibit during 2022-2029?
The sports compression wear market is expected to exhibit a CAGR of 10.1% over 2022-2029.
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Which are the driving factors of the Sports Compression Wear market?
Increasing health and fitness awareness and performance enhancement are the driving factors of the Sports Compression Wear market.
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Which are the top companies operating in the Sports Compression Wear market?
Under Armour, Nike, Adidas, CW-X, 2XU, CEP (medi), SKINS, Li-Ning, X-Bionic, Goldwin, Compressport, Zensah are the top companies operating in the Sports Compression Wear market.