Shapewear Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0192992
  • Format: Electronic (PDF)
  • Number of Pages: 206
  • Author(s): Joshi, Madhavi

Report Overview

The Shapewear Market size was estimated at USD 8.5 billion in 2023 and is projected to reach USD 18 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 11.50% during the forecast period (2024-2030).

Shapewear Market

(Market Size)
$8.5 billion
$18 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 11.50%
2023 Market Size USD 8.5 billion
2030 Market Size USD 18 billion
Key Players Spanx, Skims, Yummie, Maidenform, TC Fine Intimates

Market Summary

The shapewear market represents a significant and evolving segment within the consumer goods industry, specifically under intimate apparel. This market caters to a growing consumer base seeking garments designed to contour, shape, and smooth the body's silhouette for aesthetic enhancement and confidence. The product range is extensive, encompassing items like bodysuits, waist trainers, shorts, and leggings, crafted from advanced technical fabrics that offer compression and comfort. The industry's evolution is marked by a shift from purely functional, concealed garments to fashionable items that can be integrated into everyday wear, blurring the lines between foundational garments and outerwear. This transformation is largely driven by changing consumer perceptions around body image and the influence of social media, where body positivity movements have paradoxically both championed self-acceptance and fueled the desire for idealized forms. The competitive landscape is dynamic, featuring a mix of longstanding intimate apparel giants and agile direct-to-consumer startups that leverage digital marketing and influencer partnerships to capture market share. The sales channel has also seen a monumental shift towards e-commerce, allowing brands to reach a global audience directly and gather valuable consumer data to inform product development and personalized marketing strategies.

Key Highlights

The shapewear market is distinguished by several pivotal developments that underscore its current trajectory and future potential. A paramount highlight is the intense focus on innovation in material science, with leading companies investing heavily in research to develop fabrics that provide superior compression, breathability, and skin-friendliness. These next-generation materials are often infused with moisture-wicking, antibacterial, and even cooling properties, elevating the user experience far beyond basic shaping. Another critical highlight is the strategic branding shift towards inclusivity and diversity. Modern shapewear brands are consciously expanding their size ranges, developing products for a wider spectrum of body types, and featuring models of diverse sizes, ages, and ethnicities in their campaigns. This move is not merely a marketing tactic but a fundamental realignment with contemporary consumer values. Furthermore, the market is characterized by the explosive growth of digitally-native vertical brands (DNVBs). These companies, born online, have disrupted traditional retail models by controlling the entire process from manufacturing to marketing, allowing for rapid iteration based on real-time customer feedback and a highly curated brand narrative that resonates powerfully with target demographics, particularly millennials and Gen Z.

Drivers, Opportunities & Restraints

The growth of the shapewear market is propelled by a confluence of powerful drivers. A primary driver is the increasing influence of social media and celebrity culture, where images of idealized body types are pervasive, creating a sustained demand for products that help achieve these looks. The rising disposable income, particularly among women in developing economies, allows for greater expenditure on premium apparel and wellness products, including high-quality shapewear. Concurrently, the body positivity movement, while promoting self-acceptance, has also normalized the use of shapewear as a tool for personal confidence rather than a secretive garment, thus expanding its consumer base. Significant opportunities lie in market penetration within emerging economies in Asia-Pacific and Latin America, where urbanization and growing fashion consciousness present vast untapped potential. The development of shapewear specifically designed for men is another burgeoning opportunity, as stigma decreases and demand for male grooming products rises. However, the market faces notable restraints. Intense competition leads to price wars and margin pressure, especially in the online space. Consumer concerns regarding the potential health implications of prolonged use of highly compressive garments, such as impacts on digestion and circulation, can deter adoption. Furthermore, the high cost of technical fabric innovation and sustainable material integration can restrain profitability and slow down the pace of development for some players.

Concentration Insights

The global shapewear market exhibits a moderately concentrated landscape, characterized by the presence of a few established players holding significant market share alongside a flourishing ecosystem of niche and emerging brands. The market concentration is largely dominated by renowned intimate apparel corporations such as Hanesbrands Inc., with its popular Wonderbra and Bali lines, and the Triumph International group. These entities benefit from decades of brand equity, extensive distribution networks spanning department stores and specialty retailers, and substantial resources for large-scale marketing campaigns. However, their dominance is being challenged by a wave of innovative direct-to-consumer companies. Brands like Spanx, a pioneer in the modern shapewear category, and Skims, founded by Kim Kardashian West, have achieved remarkable success by leveraging celebrity influence and agile digital-first strategies. This has created a competitive environment where large incumbents must accelerate their digital transformation and product innovation cycles to compete with the relevance and rapid growth of these niche players. The concentration is therefore dynamic, with share constantly fluctuating based on brand relevance, product novelty, and marketing effectiveness in the digital realm.

Type Insights

The shapewear product landscape is diverse, segmented primarily by the specific area of the body the garment is designed to target. This segmentation allows brands to cater to highly specific consumer needs and occasions. Key product types include bodysuits and camisoles, which provide full-torso shaping and are often designed to be worn under dresses or formal attire for a seamless look. Waist cinchers and trainers represent a highly popular category, focused on slimming the midsection and abdomen; these products have seen a resurgence driven by social media trends. Control shorts and thigh shapers are designed to contour the lower body, smoothing the hips, thighs, and buttocks. Another significant category includes shaping leggings and pants, which merge activewear aesthetics with slimming technology, appealing to consumers seeking versatile, all-day wear. Furthermore, specialized items like post-surgical shapewear form a niche but important segment, designed for medical recovery and support. The innovation within each type is continuous, with brands differentiating through features such as adjustable compression levels, seamless construction to prevent visible panty lines, and the incorporation of luxurious, skin-sensitive fabrics that enhance comfort for extended wear.

Application Insights

Shapewear applications extend across two primary domains: everyday use and special occasion wear, each with distinct consumer behavior and product requirements. The application for everyday wear is a rapidly growing segment, driven by the development of more comfortable, breathable, and flexible garments. Consumers are increasingly incorporating lightweight shapewear into their daily routines, wearing it under office attire, jeans, or casual wear for all-day comfort and a confidence boost. This shift is facilitated by designs that are less restrictive and more akin to regular underwear or base layers. In contrast, the special occasion wear segment remains a traditional stronghold for the market. This includes shapewear designed specifically to be worn under wedding gowns, evening dresses, form-fitting outfits, or for events where a flawless silhouette is desired. Garments for these applications often feature higher levels of compression, full-body coverage, and technical features like built-in bras or open-bust designs. The burgeoning application in activewear is also noteworthy, where shaping properties are combined with performance features for yoga, gym, or athletic activities, representing a fusion of wellness, fashion, and function.

Regional Insights

The demand for shapewear exhibits distinct regional variations influenced by cultural norms, economic development, and fashion trends. North America, particularly the United States, has historically been the largest and most mature market. This dominance is attributed to high consumer spending power, strong brand awareness, and the significant influence of media and celebrity culture promoting body-conscious trends. Europe represents another major regional market, with countries like the United Kingdom, Germany, and France showing robust demand. European consumers often prioritize quality, brand heritage, and sophisticated design. The Asia-Pacific region, however, is identified as the fastest-growing market globally. This growth is fueled by rising urbanization, increasing female workforce participation, growing disposable incomes, and the rapid adoption of Western fashion trends in countries like China, India, Japan, and South Korea. Latin America and the Middle East and Africa are emerging regions with nascent but promising growth potential, driven by expanding retail infrastructure and a growing middle class becoming more engaged with global apparel trends.

Company Insights

The competitive arena of the shapewear market is populated by a strategic mix of global powerhouses and disruptive innovators. Established multinational corporations like Hanesbrands Inc. command a strong position through their portfolio of trusted brands such as Maidenform, Bali, and Playtex. These companies leverage extensive manufacturing capabilities, established retail partnerships, and broad brand recognition. Similarly, the European giant Triumph International maintains a significant presence with its high-quality offerings. The market's dynamism, however, is often driven by specialized and digitally-native players. Spanx, LLC is universally recognized as a category innovator and leader, having fundamentally transformed the market with its initial product offerings and maintaining relevance through continuous innovation. In recent years, Skims, co-founded by Kim Kardashian West, has achieved meteoric growth by masterfully utilizing celebrity influence, social media marketing, and a focus on inclusive sizing and neutral color palettes. Other notable companies include Wacoal Holdings Corp., known for its technical precision, and Leonisa Inc., which has a strong foothold in the Latin American market. The strategies consistently revolve around product innovation, brand storytelling, and dominating the e-commerce channel.

Recent Developments

The shapewear market is characterized by a fast pace of innovation and strategic maneuvering. A predominant recent development is the industry-wide push towards sustainability. Leading and emerging brands are increasingly launching collections made from recycled materials, such as recycled nylon and polyester, and are adopting more environmentally conscious production processes to appeal to the eco-aware consumer. Another significant trend is the expansion into the menswear category. Brands are introducing dedicated lines of shaping undershirts, compression wear, and waist trainers for men, capitalizing on growing male grooming trends and reducing stigma. Technology integration is also a key development area, with companies exploring smart garments that could potentially offer health monitoring features alongside shaping benefits. Furthermore, the competitive landscape has been shaped by key strategic acquisitions and partnerships, as larger conglomerates seek to acquire agile digital brands to bolster their market position and gain access to new consumer demographics. Marketing strategies have also evolved, with a heightened focus on user-generated content, authentic influencer collaborations, and virtual try-on technologies to enhance the online shopping experience and reduce return rates.

Report Segmentation

This comprehensive market research report on the global shapewear industry provides a detailed analysis structured through meticulous segmentation. The report is segmented by type to provide insights into the demand, growth, and trends within key product categories such as bodysuits, waist cinchers, shaping shorts, and leggings. This analysis helps in understanding which product forms are driving market revenue and consumer preference. The application segmentation delves into the usage patterns, distinguishing between everyday wear and special occasion wear, and highlighting the emerging segment of activewear shapewear. This offers clarity on the context of consumption and potential growth avenues. A crucial component of the report is the regional segmentation, which breaks down the market performance across key geographies including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. This section provides a comparative analysis of market maturity, growth rates, and consumer behavior in these distinct regions. Furthermore, the report includes a detailed company landscape, profiling major players and analyzing their market share, product portfolios, and strategic initiatives. This multi-faceted segmentation provides a holistic and granular view of the market, enabling businesses to identify niche opportunities and make informed strategic decisions.

FAQs

Who are the leading companies in the shapewear market? The market is led by a combination of established apparel giants and disruptive digital brands. Key players include Hanesbrands Inc. with its Bali and Maidenform lines, the innovative pioneer Spanx, LLC, and the rapidly growing brand Skims. Other significant participants include Wacoal Holdings Corp., Triumph International, and Leonisa Inc.

What materials are commonly used in shapewear? Shapewear is predominantly crafted from synthetic fabrics renowned for their elasticity and compression properties. These include Nylon and Spandex (also known as Lycra or Elastane) blends. Manufacturers are increasingly integrating advanced materials with features like moisture-wicking, antibacterial treatment, and cooling sensations. There is also a growing trend towards using recycled versions of these polymers to enhance sustainability.

How has social media influenced the shapewear market? Social media platforms like Instagram and TikTok have profoundly impacted the market. They have been instrumental in normalizing shapewear, transforming it from a hidden secret to a openly discussed fashion tool. Influencer marketing and celebrity endorsements on these platforms drive trends, create immediate product demand, and allow direct-to-consumer brands to build massive followings and achieve viral growth through targeted campaigns and user-generated content.

What are the different types of shapewear available? The market offers a wide array of types targeting specific body areas. Primary categories include full bodysuits for overall torso shaping, waist cinchers and trainers for abdominal slimming, control shorts and thigh shapers for the lower body, and shaping leggings that blend with activewear. There are also specialized items for post-pregnancy or post-surgical use.

Which region has the highest demand for shapewear? North America, led by the United States, currently represents the region with the highest demand and market value for shapewear, driven by high consumer spending and strong brand presence. However, the Asia-Pacific region is experiencing the fastest growth rate due to rising economic prosperity, urbanization, and the increasing influence of Western fashion trends.

Is there a growing market for men's shapewear? Yes, the market for shapewear designed for men is a small but rapidly expanding segment. As societal norms evolve and male grooming gains importance, brands are introducing products like compression undershirts, waist trainers, and shaping tank tops aimed at creating a smoother, more streamlined silhouette under clothing for men.

Citius Research has developed a research report titled “Shapewear Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Shapewear Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Shapewear Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Shapewear Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Shapewear Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Shapewear Market
• Research Methodology
• Executive Summary
• Market Dynamics of Shapewear Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Shapewear Market
• Cost and Gross Margin Analysis of Shapewear Market
• Shapewear Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Shapewear Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Shapewear Market Key Stakeholders

Below are the key stakeholders for the Shapewear Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Shapewear Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Shapewear Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Shapewear Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Shapewear Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Shapewear Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Shapewear Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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For further details request a free sample copy of this report here.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Shapewear Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Shapewear Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Shapewear Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Shapewear Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Shapewear Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Shapewear Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Shapewear Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Shapewear Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Shapewear Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Shapewear Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Shapewear Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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