Lingerie Market to witness comprehensive growth by 2021-2031

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.

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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 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 lounge wear 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 inner wear 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 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 expansion.

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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.

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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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Transparency Market Research registered at Wilmington, Delaware, United States, is a global market research firm that offers Market Analysis Reports and business consulting. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.
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