Upswing in Sports Participation Augmenting Growth of Sports Compression Clothing Market
Globally, cycling and running remain the most preferred outdoor activities, and participation in these activities has been observed to be rising in the recent years. High potential countries like China, India and South Korea among others have seen a significant uptick in sports and outdoor activity participation rates. Cycling and running has shown more than 3% annual increase with significant spending on sports compression clothing. These factors have positively impacted the sports compression clothing market, which is expected to grow at CAGR of around 6% during the forecast period.
Established Regions to Remain Investment Hot Spots for Sports Compression Clothing Manufacturers
North America and Europe account for more than 60% of 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 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.
Substantial Increase in Women Participants Driving Demand for Sports Compression Clothing
Women participation rate has seen a significant surge in sports like cycling, tennis, and triathlons among others. The annual increase in women participation has been estimated to be growing at nearly 1%. The growth of total women participants in sports has subsequently shown to increase the demand of supportive equipment like sports compression clothing. This uptick in demand for sports compression clothing has primarily shown focus on compression tops. Compression tops segment is expected to be the fastest growing product type in sports compression clothing market, and is expected to grow 1.9X times by 2029 from 2019.
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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.
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.
- In 2019, Brooks Sports, Inc announced to pull out production bases for multiple products from China and establish these units in alternative countries. Focus of the company on Vietnam is expected to be high during upcoming years.
- In January 2018, Adidas AG entered the market of sports compression clothing with their new product line “Alphaskin”. The product line was launched in three different varieties Alphaskin 360, Alphaskin Tech and Alphaskin Sport.
- In 2018, WOLACO launched new products in their sports compression clothing line tailored for women. The company also established their showroom and office in New York City.
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Global Sports Compression Clothing Market – Scope of the Report
The sports compression clothing market is anticipated to observe a significant growth in the forecast period of 2019 to 2029, according to a Fact.MR study. The study propounds key trends that are currently shaping the growth of the sports compression clothing market. This newly published and insightful report sheds light on the key dynamics, which are expected to transform the future of the sports compression clothing market. This, in turn, is creating flourishing avenues for prominent companies as well as emerging players associated with the manufacturing of sports compression clothing.
The sports compression clothing market study is a sinuous market intelligence on the key drivers, challenges, industry trends and opportunities, which is likely to influence growth trajectory of the sports compression clothing market. The report initially imparts an overview of the sports compression clothing market, considering current and future prospects in growth, to unveil attractive facets pertaining to the adoption of sports compression clothing across key regional markets.
An in-depth assessment on few of the sports compression clothing manufacturers offered in the report enables the report readers to gain detailed insights that are derived from sports compression clothing manufacturers across regional markets. A list of key companies operating in the sports compression clothing market provided in the report adds to the credibility to this exhaustive research study.
Global Sports Compression Clothing Market: Opportunity Analysis
The report offers a detailed study on different factors influencing demand, sales, and revenue generation in the sports compression clothing market around the world. The opportunity analysis included in the report is beneficial for readers to better understand opportunities in the sports apparel market, which in turn, is likely to trigger the adoption of sports compression clothing. An elaborated cost structure analysis provides the report with an innate completeness, and analysis offered on the cost structure involves all the regional markets incorporated.
A detailed forecast on the global sports compression clothing market has also been offered by experts, who have categorized market forecasts into a likely scenario, a conservative scenario, and an optimistic scenario regarding adoption and involvement of the global market during the forecast period. Analysis and assessment of price point by region has also been included in this study. The study also exerts details on aspects impacting strategies of manufacturers within the global sports compression clothing market.
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Global Sports Compression Clothing Market: Segmentation
Segmentation table of the global sports compression clothing market has been provided below on the basis of Product Type, Activity, Sales Channel and Region.
|
Product Type |
Activity |
Sales Channel |
Region |
|
Shirts |
Cycling |
Sports Variety Store |
North America |
|
Pants and Shorts |
Road Running |
Franchise Sports Store |
Latin America |
|
Sleeves |
Trail Running |
Online Retail |
Europe |
|
Socks |
Triathlon |
Others |
East Asia |
|
Tops |
Others |
|
South Asia |
|
Others |
|
|
Oceania |
|
|
|
|
Middle East and Africa |
Global Sports Compression Clothing Market: Analysis on Market Size Evaluation
Market valuation at the global and regional scale for the global sports compression clothing market is offered in terms of “US$ Mn” A Y-o-Y growth comparison on the key sports compression clothing market segments, along with the market attractiveness assessment quantifies insights delivered in the report. Metrics mentioned above are also tracked based on consumption across several regions where sports compression clothing is witnessing a growing demand.
Global Sports Compression Clothing Market: Scrutinized Assessment on Regional Segments
Weighted chapters have been included in the report on the global sports compression clothing market, which imparts a forecast on the regional markets recognizing the regional macros (business, economic and political environment outlook), which are expected to have an impact on the growth of the global sports compression clothing market in the near future.
Country-specific assessment on the demand for sports compression clothing has also been provided for each regional market, along with the market size valuation, price point assessment, price index, and impact analysis of key regional and country-wise dynamics. Y-o-Y growth projections have also been offered on all regional markets that are incorporated in the report.
Global Sports Compression Clothing Market: In-depth Analysis on Competitive Landscape
The report concludes with a weighted chapter on the competition landscape considering up-to-date and essential developments related to market players, who are predominantly engaging in the production and distribution of sports compression clothing, along with company’s strategies, identification, and analysis. Market share comparison and analysis of these market players offered in the report enables readers to devise strategies for their businesses.
The intensity mapping of the market players operating in the global sports compression clothing market provides readers with actionable intelligence, which helps in understanding the current market status and prospects determining the competition levels in the global sports compression clothing market.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Summary of Statistics
1.4. Summary of Key Findings
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage
2.1.1. Taxonomy
2.2. Market Definition
2.2.1. Scope
2.2.2. Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation Trends
4. Market Background
4.1. Population Actively Engaged in Physical Activities Across Regions
4.1.1. Millennials
4.1.2. Boomers
4.1.3. Gen-X
4.1.4. Gen-Y
4.1.5. Gen-Z
4.2. Per Capita Spending on Sports Apparel and Sports Compression Apparel
4.2.1. By Country
4.2.2. By Age Group
4.2.3. By Income Level
4.3. Sports Compression Clothing Market Scenario Forecast
4.3.1. Market in Optimistic Scenario (US$ Mn)
4.3.2. Market in Likely Scenario (US$ Mn)
4.3.3. Market in Conservative Scenario (US$ Mn)
4.4. Forecast Factors - Relevance & Impact
4.4.1. Top Companies Historical Growth
4.4.2. Growth in Physically Active Population
4.4.3. Raw Material Price Trend of Compression Garments
4.4.4. Growth in Per Capita Spending on Sports Garments
4.4.5. Government Spending on Sports
4.4.6. Other Factors
4.5. Value Chain Analysis
4.5.1. List of Raw Material Suppliers
4.5.2. List of Sports Compression Clothing Distributors
4.5.3. Operating Margin
4.6. Market Dynamics
4.6.1. Drivers
4.6.2. Restraints
4.6.3. Opportunity Analysis
5. Key Success Factors
5.1. Tapping Consumers at Workplace
5.2. Using Social Media Platforms for Active Promotion
5.3. Focusing on Promotional Sports Compression Clothing
5.4. Other Factors
6. Global Sports Compression Clothing Market Demand Analysis 2014-2018 and Forecast, 2019-2029
6.1. Historical Market Volume (Mn Units) Analysis, 2014-2018
6.2. Current and Future Market Volume (Mn Units) Projections, 2019-2029
6.3. Y-o-Y Growth Trend Analysis
7. Global Sports Compression Clothing Market - Pricing Analysis
7.1. Regional Pricing Analysis By Type
7.2. Pricing Break-up
7.2.1. Manufacturer Level Pricing
7.2.2. Distributor Level Pricing
7.3. Global Average Pricing Analysis Benchmark
8. Global Sports Compression Clothing Market Demand (US$ Mn) Analysis 2014-2018 and Forecast, 2019-2029
8.1. Historical Market Value (US$ Mn) Analysis, 2014-2018
8.2. Current and Future Market Value (US$ Mn) Projections, 2019-2029
8.2.1. Y-o-Y Growth Trend Analysis
8.2.2. Absolute $ Opportunity Analysis
9. Global Sports Compression Clothing Market Analysis 2014-2018 and Forecast 2019-2029, by Type
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Mn) and Volume (Mn Units) Analysis By Type, 2014 - 2018
9.3. Current and Future Market Size (US$ Mn) and Volume (Mn Units) Analysis and Forecast By Type, 2019 - 2029
9.3.1. Shirts
9.3.2. Pants and Shorts
9.3.3. Sleeves
9.3.4. Socks
9.3.5. Tops
9.3.6. Other Clothing Types
9.4. Market Attractiveness Analysis By Type
10. Global Sports Compression Clothing Market Analysis 2014-2018 and Forecast 2019-2029, by Activity Support
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Mn) and Volume (Mn Units) Analysis By Activity Support, 2014 - 2018
10.3. Current and Future Market Size (US$ Mn) and Volume (Mn Units) Analysis and Forecast By Activity Support, 2019 - 2029
10.3.1. Cycling
10.3.2. Road Running
10.3.3. Trail Running
10.3.4. Triathalon
10.3.5. Other Activities
10.4. Market Attractiveness Analysis By Activity Support
11. Global Sports Compression Clothing Market Analysis 2014-2018 and Forecast 2019-2029, by Sales Channel
11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ Mn) and Volume (Mn Units) Analysis By Sales Channel, 2014 - 2018
11.3. Current and Future Market Size (US$ Mn) and Volume (Mn Units) Analysis and Forecast By Sales Channel, 2019 - 2029
11.3.1. Sports Variety Stores
11.3.2. Franchised Sports Stores
11.3.3. Online Sales
11.3.4. Other Sales Channels
11.4. Market Attractiveness Analysis By Sales Channel
12. Global Sports Compression Clothing Market Analysis 2014-2018 and Forecast 2019-2029, by Region
12.1. Introduction
12.2. Historical Market Size (US$ Mn) and Volume (Mn Units) Analysis By Region, 2014 - 2018
12.3. Current Market Size (US$ Mn) and Volume (Mn Units) Analysis and Forecast By Region, 2019 - 2029
12.3.1. North America
12.3.2. Latin America
12.3.3. Europe
12.3.4. Middle East and Africa (MEA)
12.3.5. East Asia
12.3.6. South Asia
12.3.7. Oceania
12.4. Market Attractiveness Analysis By Region
13. North America Sports Compression Clothing Market Analysis 2014-2018 and Forecast 2019-2029
13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market Size (US$ Mn) and Volume (Mn Units) Trend Analysis By Market Taxonomy, 2014 - 2018
13.4. Market Size (US$ Mn) and Volume (Mn Units) Forecast By Market Taxonomy, 2019 - 2029
13.4.1. By Country
13.4.1.1. U.S.
13.4.1.2. Canada
13.4.2. By Type
13.4.3. By Activity Support
13.4.4. By Sales Channel
13.5. Market Attractiveness Analysis
13.5.1. By Country
13.5.2. By Type
13.5.3. By Activity Support
13.5.4. By Sales Channel
13.6. Market Trends
14. Latin America Sports Compression Clothing Market Analysis 2014-2018 and Forecast 2019-2029
14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Size (US$ Mn) and Volume (Mn Units) Trend Analysis By Market Taxonomy, 2014 - 2018
14.4. Market Size (US$ Mn) and Volume (Mn Units) Forecast By Market Taxonomy, 2019 - 2029
14.4.1. By Country
14.4.1.1. Brazil
14.4.1.2. Mexico
14.4.1.3. Rest of Latin America
14.4.2. By Type
14.4.3. By Activity Support
14.4.4. By Sales Channel
14.5. Market Attractiveness Analysis
14.5.1. By Country
14.5.2. By Type
14.5.3. By Activity Support
14.5.4. By Sales Channel
14.6. Market Trends
15. Europe Sports Compression Clothing Market Analysis 2014-2018 and Forecast 2019-2029
15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Size (US$ Mn) and Volume (Mn Units) Trend Analysis By Market Taxonomy, 2014 - 2018
15.4. Market Size (US$ Mn) and Volume (Mn Units) Forecast By Market Taxonomy, 2019 - 2029
15.4.1. By Country
15.4.1.1. Germany
15.4.1.2. Italy
15.4.1.3. France
15.4.1.4. U.K.
15.4.1.5. Spain
15.4.1.6. BENELUX
15.4.1.7. Russia
15.4.1.8. Rest of Europe
15.4.2. By Type
15.4.3. By Activity Support
15.4.4. By Sales Channel
15.5. Market Attractiveness Analysis
15.5.1. By Country
15.5.2. By Type
15.5.3. By Activity Support
15.5.4. By Sales Channel
15.6. Market Trends
16. South Asia Sports Compression Clothing Market Analysis 2014-2018 and Forecast 2019-2029
16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market Size (US$ Mn) and Volume (Mn Units) Trend Analysis By Market Taxonomy, 2014 - 2018
16.4. Market Size (US$ Mn) and Volume (Mn Units) Forecast By Market Taxonomy, 2019 - 2029
16.4.1. By Country
16.4.1.1. India
16.4.1.2. Thailand
16.4.1.3. Indonesia
16.4.1.4. Malaysia
16.4.1.5. Rest of South Asia
16.4.2. By Type
16.4.3. By Activity Support
16.4.4. By Sales Channel
16.5. Market Attractiveness Analysis
16.5.1. By Country
16.5.2. By Type
16.5.3. By Activity Support
16.5.4. By Sales Channel
16.6. Market Trends
17. East Asia Sports Compression Clothing Market Analysis 2014-2018 and Forecast 2019-2029
17.1. Introduction
17.2. Pricing Analysis
17.3. Historical Market Size (US$ Mn) and Volume (Mn Units) Trend Analysis By Market Taxonomy, 2014 - 2018
17.4. Market Size (US$ Mn) and Volume (Mn Units) Forecast By Market Taxonomy, 2019 - 2029
17.4.1. By Country
17.4.1.1. China
17.4.1.2. Japan
17.4.1.3. South Korea
17.4.2. By Type
17.4.3. By Activity Support
17.4.4. By Sales Channel
17.5. Market Attractiveness Analysis
17.5.1. By Country
17.5.2. By Type
17.5.3. By Activity Support
17.5.4. By Sales Channel
17.6. Market Trends
18. Oceania Sports Compression Clothing Market Analysis 2014-2018 and Forecast 2019-2029
18.1. Introduction
18.2. Pricing Analysis
18.3. Historical Market Size (US$ Mn) and Volume (Mn Units) Trend Analysis By Market Taxonomy, 2014 - 2018
18.4. Market Size (US$ Mn) and Volume (Mn Units) Forecast By Market Taxonomy, 2019 - 2029
18.4.1. By Country
18.4.1.1. Australia
18.4.1.2. New Zealand
18.4.2. By Type
18.4.3. By Activity Support
18.4.4. By Sales Channel
18.5. Market Attractiveness Analysis
18.5.1. By Country
18.5.2. By Type
18.5.3. By Activity Support
18.5.4. By Sales Channel
18.6. Market Trends
19. Middle East and Africa Sports Compression Clothing Market Analysis 2014-2018 and Forecast 2019-2029
19.1. Introduction
19.2. Pricing Analysis
19.3. Historical Market Size (US$ Mn) and Volume (Mn Units) Trend Analysis By Market Taxonomy, 2014 - 2018
19.4. Market Size (US$ Mn) and Volume (Mn Units) Forecast By Market Taxonomy, 2019 - 2029
19.4.1. By Country
19.4.1.1. GCC Countries
19.4.1.2. Turkey
19.4.1.3. Northern Africa
19.4.1.4. South Africa
19.4.1.5. Rest of Middle East and Africa
19.4.2. By Type
19.4.3. By Activity Support
19.4.4. By Sales Channel
19.5. Market Attractiveness Analysis
19.5.1. By Country
19.5.2. By Type
19.5.3. By Activity Support
19.5.4. By Sales Channel
19.6. Market Trends
20. Emerging Countries Sports Compression Clothing Market Analysis 2014-2018 and Forecast 2019-2029
20.1. China Sports Compression Clothing Market Analysis
20.1.1. Introduction
20.1.2. Pricing Analysis
20.1.3. Market Value Proportion Analysis by Market Taxonomy
20.1.4. Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
20.1.4.1. By Type
20.1.4.2. By Activity Support
20.1.4.3. By Sales Channel
20.1.5. China Sports Compression Clothing Market - Competition Landscape
20.2. India Sports Compression Clothing Market Analysis
20.2.1. Introduction
20.2.2. Pricing Analysis
20.2.3. Market Value Proportion Analysis by Market Taxonomy
20.2.4. Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
20.2.4.1. By Type
20.2.4.2. By Activity Support
20.2.4.3. By Sales Channel
20.2.5. India Sports Compression Clothing Market - Competition Landscape
21. Market Structure Analysis
21.1. Market Analysis by Tier of Companies
21.2. Market Concentration
21.3. Market Share Analysis of Top Players
21.4. Market Presence Analysis
21.4.1. By Regional footprint of Players
21.4.2. Product foot print by Players
21.4.3. Channel Foot Print by Players
22. Competition Analysis
22.1. Competition Dashboard
22.2. Pricing Analysis by Competition
22.3. Competition Benchmarking
23. Company Profiles
23.1. Vim & Vigr
23.1.1. Overview
23.1.2. Product Portfolio
23.1.3. Strategy Overview
23.1.4. SWOT Analysis
23.2. CW & X
23.2.1. Overview
23.2.2. Product Portfolio
23.2.3. Strategy Overview
23.2.4. SWOT Analysis
23.3. Under Armour
23.3.1. Overview
23.3.2. Product Portfolio
23.3.3. Strategy Overview
23.3.4. SWOT Analysis
23.4. Nike Inc.
23.4.1. Overview
23.4.2. Product Portfolio
23.4.3. Strategy Overview
23.4.4. SWOT Analysis
23.5. Virus Performance
23.5.1. Overview
23.5.2. Product Portfolio
23.5.3. Strategy Overview
23.5.4. SWOT Analysis
23.6. MudGear
23.6.1. Overview
23.6.2. Product Portfolio
23.6.3. Strategy Overview
23.6.4. SWOT Analysis
23.7. Zensah
23.7.1. Overview
23.7.2. Product Portfolio
23.7.3. Strategy Overview
23.7.4. SWOT Analysis
23.8. Pacterra Athletics
23.8.1. Overview
23.8.2. Product Portfolio
23.8.3. Strategy Overview
23.8.4. SWOT Analysis
23.9. Brooks Sports, Inc.
23.9.1. Overview
23.9.2. Product Portfolio
23.9.3. Strategy Overview
23.9.4. SWOT Analysis
23.10. WOLACO
23.10.1. Overview
23.10.2. Product Portfolio
23.10.3. Strategy Overview
23.10.4. SWOT Analysis
23.11. 2XU
23.11.1. Overview
23.11.2. Product Portfolio
23.11.3. Strategy Overview
23.11.4. SWOT Analysis
23.12. Asics
23.12.1. Overview
23.12.2. Product Portfolio
23.12.3. Strategy Overview
23.12.4. SWOT Analysis
23.13. Adidas AG
23.13.1. Overview
23.13.2. Product Portfolio
23.13.3. Strategy Overview
23.13.4. SWOT Analysis
24. Appendix
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