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Intimate Apparel Market worth $74.29 billion by 2030, growing at a CAGR of 9.53% - Exclusive Report by 360iResearch
Intimate Apparel Market | 360iResearch
The Global Intimate Apparel Market to grow from USD 35.84 billion in 2022 to USD 74.29 billion by 2030, at a CAGR of 9.53%.
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Intimate apparel encompasses clothing items designed to be worn under outer garments, including underwear, sleepwear, shapewear, loungewear, bras, and other specialty garments. The ever-evolving fashion industry influences design and demand in intimate apparel. Growing awareness of the importance of proper support and fit drives demand for specialized products. Online shopping convenience has opened up new sales channels and broadened customer reach. However, the availability of counterfeit, low-quality products and the fluctuation in the raw materials of intimate apparel limit the production and development of the products. Market players are working on forming innovations in fabrics and manufacturing techniques to offer improved comfort and fit. Some online retailers are investing in 3D scanning and virtual fitting solutions to improve the customer experience online. The intimate apparel market has seen substantial growth owing to its role in promoting body positivity and inclusivity. Brands are increasingly acknowledging the diverse spectrum of body types and are creating products that cater to a wide array of sizes and preferences, thus making it an essential sector for fostering self-confidence and acceptance.
In the Americas, particularly in North America, there is a high emphasis on fashion and individual expression, leading to diverse intimate apparel choices. Production of intimate apparel in the Americas has been marked by a migration of manufacturing to Central and South American countries for their lower labor costs. However, there's a growing trend towards sustainable practices and local manufacturing in North America in response to consumer demand. The intimate apparel market in the Americas features a mix of large multinational corporations and emerging niche brands. In Asia-Pacific, markets such as Japan, South Korea, and Australia tend to closely follow Western trends, whereas other parts of Asia may prioritize practicality and affordability. Asia-Pacific is a global powerhouse in intimate apparel manufacturing, with countries such as China, Bangladesh, and India being central to the supply chain due to their large workforce and competitive pricing. International brands have established a strong foothold, especially in metropolitan areas, leveraging global branding and marketing campaigns in the region. The EMEA region, being culturally diverse, shows variations ranging from the fashion-forward and luxury markets of Western Europe to the more conservative markets in parts of the Middle East and Africa. European brands are often associated with luxury and high quality, focusing on stylish designs and premium materials. In EMEA, production emphasizes quality and traditional craftsmanship, particularly in Western and Central Europe. EMEA hosts some of the world's most popular intimate apparel brands, many of which originated in European fashion capitals, including Paris and London. Companies in this region often lead in terms of design innovation and are known for their luxury offerings. In addition, there is a growing presence of sustainable and small-scale designers who cater to environmentally and socially conscious consumers.
Market Segmentation & Coverage:
This research report categorizes the Intimate Apparel Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product, market is studied across Lower Innerwear, Sleepwear & Loungewear, Thermal Wear, and Upper Innerwear. The Sleepwear & Loungewear commanded largest market share of 48.45% in 2022, followed by Upper Innerwear.
Based on Gender, market is studied across Female and Male. The Female commanded largest market share of 88.76% in 2022, followed by Male.
Based on Distribution Channel, market is studied across Mass Merchandiser, Mono Brand Store, Online Portal, and Specialized Store. The Specialized Store commanded largest market share of 36.53% in 2022, followed by Mass Merchandiser.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 38.20% in 2022, followed by Asia-Pacific.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Intimate Apparel Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Intimate Apparel Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Intimate Apparel Market, highlighting leading vendors and their innovative profiles. These include Affix Apparel, American Eagle Outfitters, Inc., Ann Summers, Ariela & Associates International, BareWeb, Inc. by Delta Galil Industries Ltd, Blum's Swimwear & Intimate Apparel, Chantelle Group, Fourmarketing Limited, Fruit of the Loom Inc., FullBeauty Brands Operations, LLC, Gianni Versace S.r.l., Giorgio Armani S.p.A., Hanesbrands Inc., Hanky Panky, Ltd., Hugo Boss AG, Industria de Diseño Textil, S.A., Jockey International, Inc., Marks and Spencer PLC, MAS Holdings, Nike Inc., Puma SE, PVH Corp, Savage X, SKIMS, ThirdLove, Trent Limited by Tata Group, Triumph International Ltd., Ubras, Victoria's Secret, Wacoal Holdings, and Zivame.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Intimate Apparel Market, by Product
7. Intimate Apparel Market, by Gender
8. Intimate Apparel Market, by Distribution Channel
9. Americas Intimate Apparel Market
10. Asia-Pacific Intimate Apparel Market
11. Europe, Middle East & Africa Intimate Apparel Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Intimate Apparel Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Intimate Apparel Market?
3. What is the competitive strategic window for opportunities in the Intimate Apparel Market?
4. What are the technology trends and regulatory frameworks in the Intimate Apparel Market?
5. What is the market share of the leading vendors in the Intimate Apparel Market?
6. What modes and strategic moves are considered suitable for entering the Intimate Apparel Market?
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