Shapewear Market Players, Demand, Revenue, and Forecast to 2030
Market Research Future Insights:
By
2030, the shapewear market is anticipated to grow at a CAGR of 7.7% and reach
USD 6.95 billion. Shapewears are a category of undergarments that are comprised
of firm-yet-elastic materials. These shapewears' fabrics are made to tuck and
nip the necessary body parts for a smooth figure. Shapewear specifically aids
in reshaping the body as desired, lifting sagginess, flattening bulges, and
improving posture. Shapewear is becoming more comfortable thanks to
advancements in fabric manufacturing technology and the use of premium fabrics,
which is further contributing to the market's appeal. Additionally, rising
disposable income and easier shopping have made the market more approachable
for consumers. Shapewear for lingerie is especially made to incorporate
technology into intimate apparel. Shapewear's popularity is also greatly fueled
by the camouflaging qualities of the shaping lingerie.
The
body briefs, seamless, control camisoles, long legs, corsets, body shapers, and
other categories make up the worldwide shapewear
market. Since they help keep the stomach and lower back tucked in for
improved shape and posture, corsets are anticipated to dominate the worldwide
shapewear market over the forecast period. However, because to their reduced
visibility inside any sort of clothes, seamless shapewears are anticipated to
experience the quickest growth. The largest age group buying shapewear is the
millennial generation, and they want more comfortable, natural-looking clothes.
In addition to their aesthetic benefits, these shapewears aid in the even
distribution of sagging skin and accumulated fat.
Regional Analysis:
The
North American, European, Asia-Pacific, and Rest of the World regions make up
the market segments for water-shapewear globally.
Due
to greater awareness and strong buying power parity, North America is
anticipated to dominate. However, during the anticipated period, the Asia
Pacific market is anticipated to grow at the fastest rate. During the forecast
period, a large population and rising disposable income among the local
populace are anticipated to drive the market for shapewear. Increased
participation in sports and athleisure activities is one of the other factors
boosting the Asian market's expansion. Contrary to North America and Europe,
corsets and other forms of shaping underwear are not common in India or other
South-East Asian nations. Due to its vast population and households with better
incomes than those in other Asian nations, China has the greatest market share
in the Asia Pacific shapewear market. Furthermore, it is anticipated that China
will place a greater emphasis in the future on sports and athletics, where the
use of such inner clothing is necessary.
Key Players:
Spanx,
Inc. (US), Leonisa (Colombia), Ann Chery (Colombia), Hanesbrands Inc. (US),
Contourglobal PLC (UK), Miraclesuit (US), CPS Shapers Pvt. Ltd. (India), Swee
Shapewear Pvt Ltd (India), Triumph International (UK), and Jockey
International, Inc. are some of the global key
shapewear market players.
Market Segmentation:
Type,
distribution method, and geographic region are the segments used to divide the
worldwide shapewear market.
Body
briefs, seamless, control camisoles, long legs, corsets, body shapers, and
other products are types of segmentation for the market. The store-based and
non-store-based distribution channels have been used to categorise the global
shapewear market.
Due
to greater market awareness and penetration, the store-based sector is anticipated
to dominate the shapewear market over the assessment period. Future store-based
retail is anticipated to increase as market participants extend to new places
throughout the world through mergers and partnerships.
Online
shopping, which is not store-based, is anticipated to increase at the quickest
rate due to rising internet usage and convenience of purchase. During the
projected period, rising disposable income and a burgeoning athleisure industry
are anticipated to support market expansion.
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