Baselayer Compression Shirts Market Will Generate About USD 507.2 Million By 2025 | Grand View Research,Inc.

February 20 12:04 2020
Baselayer Compression Shirts Market Will Generate About USD 507.2 Million By 2025 | Grand View Research,Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research,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 baselayer compression shirts market.

According to a report, “Baselayer Compression Shirts Market Size, Share & Trends Analysis Report By End User (Male, Female), By Distribution Channel (Hypermarket & Supermarket, Specialty Stores, Online), By Region, And Segment Forecasts, 2019 – 2025”, published by 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.

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.

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

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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.

U.S. baselayer compression shirts Market

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

Distribution Channel Insights

Specialty stores was the largest channel of distribution in 2018. It accounted for more than 58% of the overall market share in 2018. Increasing number of retail outlets in developing countries, such as Brazil, India, and China, is expected to have a positive impact on the segment growth. Moreover, increasing popularity of fitness apparel brands is boosting the segment growth.

Global baselayer compression shirts Market

The online channel of distribution is projected to grow at the maximum CAGR of 5.9% from 2019 to 2025 owing to increasing influence of digital marketing and media. Increasing internet penetration, especially in developing countries like India and China, is boosting the product sales through online platforms, thereby supporting segment growth. Moreover, various discounts and offers on branded products along with delivery services provided by online retailers will drive the segment further.

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Grand View Research has segmented the global baselayer compression shirts market on the basis of end user, distribution channel, and region:

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

Baselayer Compression Shirts Regional Outlook (Revenue, USD Million, 2015 – 2025)

  • North America

    • U.S.

  • Europe

    • U.K.

    • Germany

  • Asia Pacific

    • China

    • India

  • Central & South America

    • Brazil

  • Middle East & Africa

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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