Press release
Lingerie Market to Record Sturdy Growth by 2031
Transparency Market Research delivers key insights on the global lingerie market. In terms of revenue, the global lingerie market is estimated to expand at a CAGR of 8.5% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global lingerie market.Lingerie companies are expanding their product lines to meet the increasing demand for lingerie products. Moreover, strong product innovation among lingerie companies with newer features in lingerie is expected to boost the market during the forecast period. In addition, companies are adopting the latest technologies to provide extra benefits and more comfort to clients and to boost their own efficiencies.
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Lingerie Market: Key Segments
In terms of product type, the bra segment is expected to dominate the lingerie market during the forecast period. Based on growth rate, the loungewear segment is projected to expand at a faster rate during the forecast period. Lingerie is anticipated to go through rapid acceptance in the fashion industry. Women from all backgrounds want to try out the latest trends in the innerwear segment. Even men in this market are often noticed to try out the latest inner-wear. Most of the large brands have exclusive stores in shopping malls or outlet stores. In developing countries such as India and China, brands such as Jockey try to reach out to customers through small roadside innerwear shops. Additionally, lingerie for both genders is available at stores as well as online. Brands such as Victoria's Secret have country specific websites for easier transactions and shipment.
In terms of end-use, the women segment is anticipated to hold a major share and maintain the share during the forecast period. Vendors in the lingerie industry are increasingly integrating innovative features in existing products. With the increasing focus of vendors on offering more convenience to end-users, the lingerie industry is anticipated to witness a large number of innovations and product expansions.
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Lingerie Market: Prominent Regions
North America is expected to register the highest CAGR in the future in the global lingerie market. Key players operating in the lingerie market in the region are adopting new technologies to provide quality products to customers. Increasing promotional activities are also expected to have a positive impact on the market in the region.
Based on region, the global lingerie market can be categorized into North America, Europe, Asia Pacific, MEA, and South America. North America accounted for a dominant share of the global lingerie market in 2020 and is expected to remain dominant during the forecast period.
Key Players
Key players operating in the global lingerie market are Amante, Zivame, Victoria's Secret, Calvin Klein, Jockey, Marks & Spencer Group Plc, Ralph Lauren Corp., LBrands, Inc., Hanesbrands Inc., and LVMH Moet Hennessy Louis Vuitton, among others.
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Global lingerie Market: Segmentation
Lingerie Market, by Product Type
• Bra
o T-Shirt Bras
o Sports Bras
o Minimizer Bras
o Others (Strapless Bras, etc.)
• Knickers &
o Boy Shorts
o Classic Briefs
o Others (Hipsters, Thongs, etc.)
• Lounge Wear
o Pajamas & Shorts
o Nightdresses
o Tees
o Others (Camisoles, Baby dolls, Robe etc.)
• Shape Wear
o Corsets
o Tummy Tucker
o Others (Thigh Shaper etc.)
• Others (Swimwear, Sportswear, etc.)
Lingerie Market, by Material
• Cotton
• Satin/Synthetic Silk
• Woolen
• Polyester
• Velvet
• Others (Blended Material, etc.)
Lingerie Market, by End-user
• Male
• Female
Lingerie Market, by Price Category
• Low
• Medium
• High
Lingerie Market, by Distribution Channel
• Online
o E-commerce
o Company-owned Website
• Offline
o Supermarket/Hypermarket
o Multi-Brand Stores
o Single Brand Stores
Lingerie Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
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About Us
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyse information. Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the unified market intelligence engine. Sign Up for a 7 day free trial!
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Rohit Bhisey
Transparency Market Research
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Blog: https://tmrblog.com/
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