The Shapewear Market is being driven by Increasing smartphone penetration, along with growing E-commerce industry
The Shapewear Market is expected to grow at a CAGR of 7.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1196.1 million. The shapewear market has experienced substantial growth due to technological innovations, resulting in the creation of advanced products that prioritize comfort, performance, and aesthetics. One of the most significant technological trends in this sector is the integration of smart fabrics into shapewear. These fabrics, which contain sensors and electronic components, enable the monitoring of body movements, temperature, heart rate, and other physiological data. This information can be utilized to optimize compression wear's effectiveness and provide invaluable insights for athletes, fitness enthusiasts, and individuals pursuing body-shaping advantages.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Distribution Channel (Offline, Online) End-user (Female, Male) Geography (North America, Europe, APAC, South America, Middle East and Africa).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Shapewear Market Research Report
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The Shapewear market is experiencing significant growth due to the rapid changing lifestyles and increasing focus on fitness and health. Semi-urban areas are seeing a surge in demand for compression wear, including gym wear and compression gear, as people seek to improve their physique. Shapewear fabrics, such as imitation leather, offer both comfort and support for various conditions like bladder prolapse. Men's shapewear, including compression tights and vests, are also gaining popularity. Cultural developments, body positivity, and activewear trends are challenging traditional preconceptions of shapewear, making it an essential part of modern wardrobes. Shapewear businesses continue to innovate, offering a wide range of products, including camisoles, tummy tuckers, bandeaus, tanks, leggings, and more.
The shapewear market, a segment of the expansive global apparel, accessories, and luxury goods industry, is experiencing significant growth due to various factors. These include the increasing trend towards health and fitness, with consumers seeking solutions for semi-urban lifestyles and medical conditions such as bladder prolapse. Compression wear, including gym wear and compression gear, is a key sub-segment, catering to both fitness enthusiasts and those requiring medical support. The market's growth is driven by the rising working women population, leading to increased disposable income and spending power on apparel, accessories, and luxury goods. Technavio's market analysis calculates the global textiles, apparel, and luxury goods market size based on the combined revenues generated by manufacturers and marketers of textiles, apparel, footwear, accessories, and luxury goods, excluding shoe manufacturers.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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