Industry Probe has published a new report 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.’ According to the report, the global shapewear market is projected to reach US$ 3.9 Bn by 2027.
According to the Industry Probe report, the global shapewear market was valued at US$ 2,186.7 Mn in 2018 and is anticipated to expand at a CAGR of around 6.7% from 2019 to 2027. The major factor driving the exponential growth of the market, as per the report, is the rising desire to look slim and good.
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Additionally, the report anticipates that the increase in disposable income continuing to enhance the standard of living. Therefore, lifestyle users are expected to continue to do exercise in their daily fitness routine. Moreover, rising replacement of gym wear by compression wear is also anticipated to foster the market. Growing desire to look good is further fueling the increased demand for shapewear.
Based on control area, the report predicts that abdomen will propel the shapewear market during the forecast timeframe, which will be followed by waist segment. Industry Probe analysts explains that abdomen segment accounts for large share of the market and is expected to grow at a CAGR of around 6.7%.
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The major players operating in the shapewear market are focused on developing new products in order to cater to the increasing demand for the product in the market and therefore dominate the market substantially.
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