Global Sports Underwear Market 2023 By Manufacturers, Regions, Type And Application, Forecast To 2029

Market Overview:

The global Sports Underwear Market Was Valued at USD 9.12 Billion in 2021 And Is Expected to Reach USD 18.90 Billion by The Year 2028, At A CAGR Of 10.95%.

Sports knickers are a type of undergarment used by individuals during athletic activity. It is designed to satisfy the needs of people who engage in a variety of activities as well as those who are just active and want to maintain comfort. The goal is to prevent chafing, which can lead to skin abrasions or discomfort, and keep the user dry. Moisture-wicking fabric is widely used in sports apparel construction to stop sweat from seeping through layers of clothing and into the skin. The pants keep the privates dry since they are easily wet and protect them by giving them the right shapes.

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Market Dynamics:

Driver:

The sports knickers market is expanding quickly on a worldwide scale. An increase in demand from the female population who participate in a variety of activities, as well as rising spending on fitness-related equipment like yoga mats and exercise bikes, as well as the availability of different types of workout clothing that helps athletes perform better and prevent skin irritations during their workout sessions. The growing trend in the athleisure sector, rising disposable income levels, and the increasing acceptance of gym culture are some of the factors propelling this market's growth during the course of the forecast period.

Opportunities:

The growth of several start-ups throughout the world is anticipated to create a wealth of potential opportunities for the sports apparel sector. For example, the sports knickers offered by CXP have cutting-edge technology. Instead of the normal 360-degree elasticized waistband, this item of apparel has a fused multi-panel waistline. This has the benefit of enabling them to manage the pressure placed across the waist, improving garment stability and lightening the load. They may also alter how tight the front waistband strip is to lessen pain and improve comfort.

The Report Will Include A Major Chapter
• Patent Analysis
• Regulatory Framework
• Technology Roadmap
• BCG Matrix
• Heat Map Analysis
• Price Trend Analysis
• Investment Analysis
• Company Profiling and Competitive Positioning
• Industry Value Chain Analysis
• Market Dynamics and Factors
• Porter's Five Forces Analysis
• Pestle Analysis

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Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years.

Market Segmentation

By Type
• Tap Pants
• Boxer Briefs
• Sports Bras
• Boyleg Briefs
• Others

By Application
• Male
• Female
• Kid

By Distribution Channel
• Online Sales
• Offline Stores

Regional Analysis of Sports Underwear Market:
North America region is expected to dominate the sports underwear market during the forecast period due to the growing demand for fitness and health tracking wearable clothes in the region. Because of the large number of global and local intimate clothing producers in the United States, the sports underwear industry is extremely competitive. Customers want contemporary and modern men's underwear; therefore, the market is defined by a high level of brand loyalty. Customers are often hesitant to switch to fresh brands that are entering the market.

By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

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Key Industry Developments In Sports Underwear Market
In 2021, Buttercloth, a Shark Tank menswear firm, has debuted a new range of underwear using a cooling frosty cotton fabric. The brand is growing its product line is redefining comfort and cool underwear, in addition to the world's most comfortable shirt.
In June 2021, Adidas and Delta Galil Industries, Ltd., a global manufacturer and marketer of branded and private label apparel products for men, women, and children, announced a global licensing agreement in which Delta Galil will design, manufacture, and distribute underwear collections for men and women under Adidas Badge of Sport and Originals labels. The new men's and women's collections will be offered in the APAC, EMEA, Europe, and Latin America areas starting in Spring 2022, with the women's collections also releasing in North America.

Report includes Competitor's Landscape:
• Major trends and growth projections by region and country
• Key winning strategies followed by the competitors
• Who are the key competitors in this industry?
• What shall be the potential of this industry over the forecast tenure?
• What are the factors propelling the demand for the Action Figures and Statues?
• What are the opportunities that shall aid in significant proliferation of the market growth?
• What are the regional and country wise regulations that shall either hamper or boost the demand for Action Figures and Statues?
• How has the covid-19 impacted the growth of the market?
• Has the supply chain disruption caused changes in the entire value chain?

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