Baselayer Compression Shirts Market To Hit Value $507.2 Million By 2025 |Grand View Research, Inc.



The global baselayer compression shirts market size is expected to reach USD 507.2 million by 2025 registering a CAGR of 5.1%, according to a new report by Grand View Research, Inc. Rising popularity of various sports activities and awareness about following a healthy lifestyle are boosting the growth of this market. Rising demand for these products owing to their temperature control, compression, and moisture wicking properties is also likely to drive the market growth over the forecast period.
Key companies in the global market include Nike, Inc.; Spanx, Inc.; Adidas AG; Leonisa SA; Ann Chery; 2XU Pty. Ltd.; Under Armour, Inc.; Zensah; Skins International Trading AG. These companies invest more in R&D for product innovation to gain a greater market share. For instance, in August 2019, DragynSkyn launched new product line of compression apparel with Extreme Base Apparel designed with three-layers.
In addition, increased awareness about the availability of advanced products is supporting the market growth. Impact of social media and digital marketing will drive the market further. The female end-user segment is estimated to register the fastest CAGR of 5.3% from 2019 to 2025. Online channel of distribution is the fastest-growing segment. It is estimated to register a CAGR of 5.9% during the forecast period. The growth can be attributed to the high impact of digital media and marketing.
Rising number of internet and smartphones users, particularly in developing economies, such as China, India, and Brazil, will fuel the product sales through online platforms. Moreover, availability of a wide range of product at discounted prices will boost the segment growth. North America was the dominant regional market in 2018 and accounted for a share of more than 38%. In addition, popularity of sports championships, such as National Basketball Association, National Football Association, and National Hockey League, will augment the market growth in this region.
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Further key findings from the study suggest:
·         In terms of revenue, the female end-user segment is projected to ascend at the fastest CAGR of 5.3% over the forecast years
·         Specialty stores distribution channel segment led the global baselayer compression shirts market in 2018 with an overall revenue share of more than 58%
·         North America is the dominant regional market. However, Asia Pacific is expected to register the maximum growth rate during the forecast years
·         Some of the key companies in this market are Nike, Inc.; Spanx, Inc.; Adidas AG; Leonisa SA; Ann Chery; 2XU Pty. Ltd.; Under Armour, Inc.; Zensah; Skins International Trading AG
The global baselayer compression shirts market size was estimated at USD 357.4 million in 2018. The market is estimated to expand further at a CAGR of 5.1% from 2019 to 2025. Rising awareness about the availability of these products that help in faster recovery of sore muscles after extensive workout sessions is projected to be the key factor boosting the growth of this market.
In addition, rising popularity of various sports, such as Olympic Games, Football World Cup, and Commonwealth Games, activities and awareness about following a healthy lifestyle are boosting the growth of this market. High demand for these products on account of their compression and moisture wicking properties is also likely to fuel the market growth over the forecast period.
Moreover, introduction of odor and temperature control fabrics and other smart textiles will have a positive impact on the market growth. Furthermore, high impact of social media and digital marketing is anticipated to augment the market growth. Many brands showcase their products on different social media platforms, such as Instagram, through endorsements.
North America was the dominant regional market in 2018 and is estimated to retain its dominant position throughout the forecast period on account of high product demand. Moreover, growing popularity of sports championships, such as National Basketball Association, National Football Association, and National Hockey League, will support the market development.
Browse Press Release of this report:                                
https://www.grandviewresearch.com/press-release/global-baselayer-compression-shirts-market
Grand View Research has segmented the global baselayer compression shirts market on the basis of end user, distribution channel:
Baselayer Compression Shirts End User Outlook (Revenue, USD Million, 2015 - 2025)
·         Male
·         Female
Baselayer Compression Shirts Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
·         Hypermarket & Supermarket
·         Specialty Store
·         Online
·         Others
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.




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