Global Baselayer Compression Shirts Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, And Growth Forecast To 2029

                                          
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:

  
2XU Pty. Ltd.
  
Adidas AG
  
Ann Chery
  
Canterbury
  
hummel A/S
  
Jacobs and Turner Ltd.
  
Kukri Sports Limited
  
Leonisa SA
  
New Balance
  
Nike, Inc.
  
Skins International Trading AG
  
Spanx, Inc.
  
Under Armour, Inc.
  
Zensah

Global Baselayer Compression Shirts Market Segmentation:

By end-user

  
Male
  
Female

By distribution

  
Hypermarkets & Supermarkets
  
Specialty stores
  
Online platforms
  
Others
This research comprehensively answers the following 9 important questions:

  
Q.1. What are some of the most promising growth trends in the Baselayer Compression Shirts market worldwide?
  
Q.2.Which segments and sub-segments will grow at a faster pace and why? Which segment is nearing the peak and demand saturation?
  
Q.3.Which region will witness a higher growth rate and why? Which region might see a slower or negative growth region?
  
Q.4.What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in Baselayer Compression Shirts market?
  
Q.5.What are the business risks and who pose challenges to the global leaders and are competitive threats in this Baselayer Compression Shirts market?
  
Q.6.What are the emerging trends post COVID-19 reshuffle in this Baselayer Compression Shirts market and the what are reasons behind these trends and do they translate in global exploration?
  
Q.7. Who are the major global and regional players in the Baselayer Compression Shirts market? Which are the strategic initiatives key players are pursuing for business growth?
  
Q.8.Which are the competing products in Baselayer Compression Shirts market and how big of a threat do they pose for loss of market share by material or product substitution?
  
Q.9.What M & A activity has occurred in the last 5 years and what is its impact on the Baselayer Compression Shirts industry?