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.
Prospects briefly deteriorated in 2020, at the height of the COVID-19 epidemic. All outdoor athletic events had to be suspended due to the imposition of obligatory lockdowns to stop the sickness from spreading, requiring everyone to stay indoors. But eventually, when infection curves plateaued and vaccines were administered, all restrictions were loosened, reviving growth hopes.
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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.
Key Segments Covered in the Industry Survey:
- By Product Type
- Sports Compression Shirts
- Sports Compression Pants and Shorts
- Sports Compression Sleeves
- Sports Compression Socks
- Sports Compression Tops
- Others Types
- By Activity
- for Cycling
- for Road Running
- for Trail Running
- for Triathlon
- for Other Activities
- By Sales Channel
- Sales via Sports Variety Stores
- Sales via Franchise Sports Stores
- Sales via Online Retail
- Sales via Other Sales Channels
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Questionnaire answered in the Market outlook Report of Sports compression clothing include:
- What is the key strategy deployed by large players to maximize Sports compression clothing Market growth?
- What are the main challenges faced by players in the Sports compression clothing market Demand?
- With the advent of technological advancement, how will the Sports compression clothing market landscape change over the forecast period?
- What does player bring to the table which is unique as a strategy, and is easy to emulate for new investors in the Sports compression clothing market size?
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