Germany is expected to see growth each year throughout the forecast period from 2022 to 2027, with annual growth rates ranging between 5.42% and 6.43%. In 2022, Germany was the third-largest market, and it is projected to maintain this position through 2027. The country will achieve a compound annual growth rate (CAGR) of 5.95% between 2022 and 2027, which is slower than the overall market growth. Among key countries, Germany will be the slowest growing, with its market value increasing from $491.35 million in 2022 to $655.91 million in 2027, contributing 6.09% to the overall market’s incremental growth during this period.
Germany’s share of the global compression wear and shapewear market was 7.55% in 2022, and this share is expected to decrease to 7.12% by 2027.
SIMA Elects Durai Palanisamy as Chairman Amidst US Tariff Challenges
Trump’s 50% Tariff Poses Major Threat to Indian Textile Industry
Indian Textile Industry Adopts Green Strategy for Global Growth