The global Inner Wear market is anticipated to grow at a CAGR of 5.0% during the forecast period (2022-2028). The major factor expected to drive the market growth is the rising demand for shapewear internationally, grooming awareness through social media such as Twitter, Instagram, Facebook, rising awareness about predominant global fashion trends and increasing spending through online retailing. In addition, manufacturers are enhancing their distribution channels to increase sales and as a result, the market is estimated to witness the rising adoption of innerwear products. Furthermore, comfort and convenience are increasingly becoming important to customers owing to their hectic lifestyles and work schedules, and the increase in preference for branded products among consumers are some factors that propel the growth of the global innerwear market during the forecast period.
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Some major players in the market include Calvin Klein Inc., Jockey International, Inc., and Lux Industries Ltd., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in April 2021, Calvin Klein Inc. announced the launch of its new, sustainable underwear and dual-gender loungewear ranges created using sustainably sourced materials, which contribute to the circular textile economy through their use of recycled materials. Further, in March 2021, Lux Industries Ltd. announced that the company will invest nearly $14.2 million in setting up manufacturing and storage facilities in the next 1-2 years, which is expected to generate incremental sales of nearly $51.5 million once it is operational. The company has already identified a land parcel measuring the construction area of about 4.6 lakh square feet of which nearly 20-30% will be used for manufacturing and the rest for warehousing, storage, and finishing facilities.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Product Type
- By Material Type
- By Age Group
- By Category Type
- By End-User
- By Distribution Channel
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Bodycare Creations Pvt. Ltd., Calvin Klein Inc., Jockey International Inc., Lux Industries Ltd., Philips Van Heusen Corp., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Inner Wear Market Report by Segment
By Product Type
- Top Innerwear
- Bottom Innerwear
- Shapewear
By Material Type
- Cotton
- Silk
- Synthetic
- Others
By Age Group
- 1 – 15 Years
- 16 – 30 Years
- 31 – 44 Years
- 45 – 64 Years
- More than 65 Years
By Category Type
- Economic Innerwear Products
- Premium Innerwear Products
By End-User
- Kids
- Men
- Women
By Distribution Channel
- Supermarkets/Hypermarkets
- Specialty Stores
- Online Retail Stores
- Others
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