US: 1.917.963.8646 (24x5)
UK: 44.330.808.0580 (24x5)
Worldwide: 91.703.051.960 (24x7)
Global Baselayer Compression Shirts Market 2021: By end-user (Male, Female), By distribution (Hypermarkets & Supermarkets, Specialty stores, Online platforms, Others)Global Baselayer Compression Shirts Market is a report recently generated by Trusted Business Insights. The study and analysis were conducted using highly qualified opinions and inputs, as well as thorough primary and secondary research efforts to determine various aspects of the baselayer compression shirts market. The global baselayer compression shirts market segmentation allows for deeper thought and understanding, to decisively assess, analyze, and study. Besides revenues for segments, global, regional, and country-wise market revenue segmentation has been compiled in a scrupulous manner for clear flow and understanding. The Global Baselayer Compression Shirts market size was valued at USD $266.4 Million in 2020, USD $277.06 Million in 2021, forecasted to reach USD $288.14 Million in 2022, and is projected to reach USD $394.33 Million by 2030, and is anticipated to expand at a CAGR of 4% over the forecast period from 2020 to 2030.
Overview:A baselayer compression shirt is a garment that has three primary functions – to regulate body temperature, compress core muscles and to aid in speedy recovery. These state-of-the-art garments help reduce the build-up of lactic acid. It does this by compressing the muscles both during and after a physical exercise session. Technical apparel is an amalgam of materials that are designed to retain or eradicate body heat and eliminate moisture. This apparel allows its user to complete their respective workouts with minimal amounts of moisture if any.
Dynamics:With the rise in popularity of various sporting events like the Football WorldCup, the Olympics, the Commonwealth Games, X-Games, etc. and the increase in the awareness of the benefits of a healthier lifestyle are lending a boost to the growth of the global baselayer compression shirts market. A key factor that will prove to be responsible for a surge in this markets growth is the awareness that these products aid in the quick recovery of sore muscles after an exhaustive workout. The introduction of temperature & odor control fabrics, as well as, the sweat-wicking properties of these products, will positively contribute to expanding this markets global footprint. The significant impact of digital marketing and social media is expected to augment the growth of the global baselayer compression shirts market. With respect to the end-user segmentation of the market, the male user segment accounted for a majority share of the market in 2018 and is expected to continue its dominance over the coming years. On account of distribution, specialty stores occupied a majority share of the global baselayer compression shirts market. An increase in the number of new retail outlets in countries like China, India, Brazil, etc. will have a positive impact on market growth. The online channel of distribution is expected to have the highest percentage of growth over the forecasted period due to the rising prevalence of digital marketing and media. An increase in digitization among emerging economies is said to boost sales via online platforms, and in turn, contribute to this markets growth.
Regional Analysis:The market of North America accounted for a majority of the global baselayer compression shirts market in 2018 It is expected to continue to lead the market for the foreseeable future due to high product demand. The rising awareness about the availability of these advanced products and the higher disposable incomes of customers will also offer a boost to regional market growth over the next few years. The Asia Pacific market is slated to have the fastest CAGR over the forecast period. The expeditious expansion of the textile industry in India will also offer plentiful opportunities for the growth of the regional baselayer compression shirts market.
Below are the leading companies profiled in this Baselayer Compression Shirts Market Report:
Chapter 1 Methodology and Scope