- Press Release -

A recently revamped report published by Fact.MR forecasts the global sports compression clothing market to flourish at a CAGR of 5% from 2022-2032, reaching a market value of US$ 7.2 Bn. Increased participation in outdoor sports with a view to enhance personal fitness and well-being is stimulating demand for compression clothing.

Historically, from 2017-2021, the market for sports compression clothing expanded at a CAGR of 6%, closing in at a value of US$ 4 Bn. Prospects were significantly impacted during the first wave of the COVID-19 pandemic, attributed to cessation of outdoor sports amid imposition of tough lockdowns. However, with reducing infection rates and vaccination drivers, this shortfall is gradually being offset.

Given the rising popularity of commercial outdoor sporting activity, demand for sports compression clothing is bound to increase. Public sporting events, such as the Paralympics, Olympic Games and various regional level events have greatly widened prospects for compression clothing, with manufacturers scrambling to secure sponsorship contracts with events to widen their market footprint.

Key Takeaways from the Market Study

• Global sports compression clothing demand to be valued at US$ 4.5 Bn by 2022-end
• Sales of sports compression clothing to account for 60% of total market value in North America
• Asia Pacific to experience a CAGR of 7% with regard to sports compression clothing sales through 2032
• Sales via online retail channels to remain prevalent, accumulating 40% revenue
• Compression shirts likely to accumulate 1/4th of global market value in 2022

“Rising consciousness about personal health and fitness has led to increased participation in sporting activities by consumers, thereby impelling demand for sports compression clothing in various forms,” comments a Fact.MR analyst.

Competitive Landscape

Prominent players are embracing innovative approaches such as ground-breaking marketing tactics, technological advancements, mergers, and acquisitions.

• In Feb 2021, NIKE, Inc. has acquired Datalogue, a leading data integration platform start-up based in New York. Datalogue is Nike’s latest acquisition to enable its consumer-led digital transformation.
• In Feb 2022, Adidas- a German sporting goods giant has created a new collection, Formotion, inspired by shapewear that features graded zonal compression to sculpt and support a women’s distinct shape. The collection is targeted to active women of all shapes and sizes seeking comfortable performance wear for everything from Pilates to HIIT gym workouts.

More Insights Available

Fact.MR, in its new offering, presents an unbiased analysis of the sports compression clothing market, presenting historical demand data (2017-2021) and forecast statistics from 2022 to 2032.

The study divulges essential insights on the market based on product type (shirts, pants and shorts, sleeves, socks, tops and others), activity (cycling, road running, trail running, triathlon and others) and sales channel (sports variety store, franchise sports store, online retail and others) across seven major regions (North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa).

About the Consumer Goods Division at Fact.MR

Expert analysis, actionable insights, and strategic recommendations of the highly seasoned Consumer goods team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over a thousand reports and 1 million-plus data points, the team has analyzed the consumer goods market across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.

For more information, refer to our market research report or contact the PR author.

Yash Pathak

Fact.MR

Sr. Consultant - Consumer Products

E-mail: Yash@factmr.com