Sports Compression Clothing Market

Global Sports Compression Market Snapshot (2022 to 2032)

The sports compression clothing market valuation is anticipated to grow at a CAGR of 5% and reach US$ 7.2 Bn by 2032 end. As of 2022, the market is expected to be valued at US$ 4.5 Bn.

Report Attributes	Details
Anticipated Market Size (2022)	US$ 4.5 Bn
Expected Market Value in 2032	US$ 7.2 Bn
Value CAGR (2022 to 2032)	5%
Market Share of North America	60%
Key Sports Compression Clothing Providers	Vim & Vigr; CW & X; Under Armor; Nike Inc.; VIRUS Performance; MudGear; Zensah; Pacterra Athletics; Brooks Sports Inc.; WOLACO; 2XU; Asics; Adidas AG

Revenue from Sports Compression Clothing Industry from 2017 to 2021 Compared to Demand Outlook for 2022 to 2032

Globally, cycling and running remain the most preferred outdoor activities, and participation in these activities has been observed to be rising in recent years. These factors have positively impacted the global sports compression clothing market and expanded at ~6% CAGR. During the historic period, the market reached nearly US$ 4.1 Bn in 2021.

Prospects temporarily declined during the height of the COVID-19 pandemic in 2020. Imposition of mandatory lockdowns to curb the spread of the infection led to cessation of all outdoor sporting activities, forcing individuals to confine themselves indoors. Eventually, however, with plateauing infection curves and administration of vaccines led to the easing of all restrictions, restoring growth prospects.

High potential countries like China, India and South Korea among others have seen a significant uptick in sports and outdoor activity participation rates. Owing to increasing participation in international sports events like FIFA, Olympics and Paralympics combined with increasing government investments for the promotion of sports is likely to skyrocket the demand for sports compression clothing. The market is forecasted to reach US$ 7.2 Bn through 2032, following a CAGR of 5% throughout the conjecture period.

What are the Prominent Driving Factors of Sports Compression Clothing?

Integration of exercising into daily fitness regimes of lifestyle users, and increase in replacement of gym wear by compression wear are likely to foster market growth for compression wear and shapewear products in regions like North America and Europe. The compression wear & shapewear market analysis displays that the advent of fitness institutions and increasing engagement of consumers with healthy lifestyles will expand the market size throughout the forecast period.

Recent developments in fabrics incorporated into compression & shapewear have augmented the growth of this market. Technologies such as bonding and laser cutting have transformed shapewear by removing seams, hems, and bulky fastenings. Lycra, neoprene, spandex, and nylon are the generally used fabrics by creators. Enhanced fabrics are softer, more breathable, and possess toning properties.

What are the Key Trends & Growth Opportunities in the Sports Compression Clothing Market?

Product Differentiation through Trademarked Fabrics Remains a Key Trend

Product differentiation remains the only strategy for sustaining in the sports compression clothing market. While multiple avenues are being explored for differing products, some companies in sports compression clothing market have developed trademarked fabrics.

Virus Performance is one of the companies carrying multiple trademarked fabrics such as COOLJADE, BIOCERAMIC and COFFEE CHARCOAL. This product differentiation has facilitated the company to provide sports compression clothing according to consumer inclinations, and in turn, increase their sales.

Wearing layers of all kinds of clothing to keep one warm is all a thing of the past with sportswear that helps retain the warmth from the wearer's body to keep them insulated. A leading brand of sports gear has developed jackets with shiny metallic silver dots that retain and also reflect the heat generated by keeping the user moisture-free and comfortable.

Region-wise Analysis

Why is the Sports Compression Clothing Market in North America anticipated to grow at a Substantial Pace?

Established Regions to Remain Investment Hot Spots for Sports Compression Clothing Manufacturers

North America is likely to account for more than 60% of the demand for sports compression clothing. While new potential consumers in these regions remain low, the established demand for sports compression clothing has been one of the primary drivers for manufacturers to invest in quick returns.

Domestic sports compression clothing manufacturers like Virus Performance, MudGear and Pacterra Athletics have shown focus on domestic demand to expand their brand presence in the sports compression clothing market.

As demand for sports compression clothing in other regions has been low, these established regions are expected to remain lucrative for mid-term investments.

What makes the Asia Pacific a Prominent Market for Sports Compression Clothing Products?

Asia Pacific is likely to exhibit the highest CAGR of 7% from 2022 to 2032, owing to the rapid growing westernization among the consumers. China is expected to be the leading country, contributing to the growth of the Asia-Pacific market in the ten years.

Rising investments by the Chinese government, to improve sports infrastructure in the country to boost sports activities is expected to drive the compression wear market.

Category-wise Insights

How Key Manufacturers are Boosting Sales through Online Retail?

Companies Leveraging Online Retail to Boost Sports Compression Clothing Adoption

The sports compression clothing market is highly fragmented with top players controlling around 20% of revenue share. Under Armour and 2XU Pty. Ltd. are the market leaders in sports compression clothing market, while Wacoal, WOLACO, MudGear and Nike Inc. are some of the top competitors.

Being in nascent stage of development, multiple players in the market have shown high reliance on domestic markets. To increase their reach, companies have been shown to make their products available through online retail. While some sports compression clothing manufacturers have been reliant on third party e-commerce, others have been focusing on increasing traffic and conversion rate of their proprietary sites. A market share worth 40% is expected for this segment.

Competitive Landscape

Prominent players are embracing innovative approaches such as ground-breaking marketing tactics, technological advancements, mergers, and acquisitions to expand their market ground

• 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.

Sports Compression Clothing Market- Report Scope

Report Attributes	Details
Historical Data Available For	2017 to 2021
Projected Forecast Period	2022 to 2032
Market Analysis	US$ Mn for Value, Units for Volume
Key Regions Covered	North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East & Africa
Key Segments Covered	Product Type, Activity, Sales Channel, Region
Key Countries Profiled	U.S, Canada, Brazil, Mexico, Germany, France, U.K, Italy, Spain, BENELUX, Russia, India, Thailand, Indonesia, Malaysia, China, Japan, South Korea, Australia, New Zealand, GCC, South Africa, Turkey

Key Segments Covered in the Sports Compression Clothing Industry Survey

• By Product Type

  • Shirts
  • Pants and Shorts
  • Sleeves
  • Socks
  • Tops
  • Others Clothing Types

• By Activity

  • Cycling
  • Road Running
  • Trail Running
  • Triathlon
  • Other Activities

• By Sales Channel

  • Sports Variety Stores
  • Franchise Sports Stores
  • Online Retail
  • Other Sales Channels