The GBI Research report pegs the unprecedented growth of compression wear in the US at a CAGR of 6 per cent, pumping up the market from US$ 1 billion in 2012 to US $1.6 billion in 2019. Europe and the Asia Pacific region are expected to give tough competition to the US, gobbling up 35 per cent and 13 per cent of the global market revenue share in 2019, respectively. Compression wear specialists like Swiss company Sigvaris, Australian company Skins and Body Science are making the most of new opportunities in the global market. Luxury brands in sports apparel like Adidas, Under Armour, Asics and Nike sell compression wear as one of the parts of an extensive range of sportswear.
Suzanne Kerpel, marketing director of Zensah, a leading Miami-based compression apparel company sums it up. "There is a strong demand for compression garments in athletic regions like North America, Australia, Western Europe, Scandinavia and South America, all of which have growing fitness and running communities."
Product demand
Currently, women's compression garment styles outshine men's style with the exception of socks and arm and leg sleeves. Global demand for compression shorts and capris is high, but compression sports bra and tops are also giving other clothing items in the segment a run for their money.
In developing counties, demand for compressed wear is fuelled by ascending cases of diabetes, arthritis and similar ailments. According to a report by Equentis Capital, India's health industry is expected to touch US $ 158.2 billion by 2017, which will lead to a subsequent rise in demand for compression wear for medical purposes. According to a report by International Diabetes Federation, by 2030, India's diabetes numbers are expected to cross the 100 million mark. These staggering figures give an insight into the future growth of compression wear. International sports brands like Nike, Adidas etc are also selling compression garments in India, but demand in the health industry has outpaced the demand in the sports and fitness sector. Though there is increased awareness regarding fitness in India, this is limited to tier-I cities like Mumbai, Delhi, Bengaluru etc. Hence, compression wear in fitness is not as popular as in the developed countries.
Among the leading apparel stores in India, value chain Reliance Retail launched a compression vest for sportspersons under its private brand Performax. The vest, available in neutral colours with a body-hugging fit, can be worn as a muscle tee. It already contributes to around 10 per cent of the sales of the brand.
A cut above the rest
Research and development sections have slogged hard to launch result-oriented and enhanced compression garments. The markets are loaded with compression garments with additional features like antimicrobial protection, antistatic properties, improved breathability and excellent moisture management. Superior quality compression garments guarantee fabric durability and are made of stain release technology. These garments are created to regulate the athlete's temperature and also offer protection against ultraviolet (UV) rays.
Innovation is the buzzword
Technical intervention has made it possible for companies to construct compression garments based on the wearer's Body Mass Index (BMI). This helps achieve maximum compression, further increasing muscle stamina and endurance. Brands are also offering special editions of compressed clothing for cycling and triathlon. Compression garment manufacturers are now working on developing a new range of fitness products with an eye on high-stamina sports like parachuting, aerobics, and windsurfing.
What's your pick?
The compression wear segment offers a huge range of apparel including compression socks, leggings, shorts and t-shirts. Competition is fuelling the expectations of athletes and regular customers, and companies will need to cater to individual requirements in order to push demand further. In the long run, improving a particular item on the basis of customer feedback can also benefit manufacturers.
Although the use of compression gear has hit the ground running, widespread efforts are required to expand reach to other pockets of the global market. Today, when regular workouts are planned in a systematic and professional manner, experts should lay emphasis on promoting high-performing workout wear to minimise injuries.
The cliched approach to compression garments needs to be changed by spreading awareness among people who work out but ignore the essential benefits of their attire. Markets will get a shot in the arm when customers will be armed with knowledge about the significance of compression wear in regular sports activities.
References:
1. Gbiresearch.com
2. Giiresearch.com
3. Sportstrader.co.za
4. En.wikibooks.org
5. Asdreports.com
6. Apparelresources.com
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