Loungewear Market Trends: USD 11.45 Billion Projected by 2030 with a 9.60% CAGR

In 2021, the Loungewear Market Size reached USD 5497.9 million. Projections indicate an upward trend, with the industry expected to increase from USD 6025.69 million in 2022 to USD 11446.72 million by 2030, demonstrating a compound annual growth rate (CAGR) of 9.60% throughout the forecast period (2022 - 2030).

Recently, loungewear has evolved beyond mere comfortable attire for home use to emerge as a significant fashion trend. This transformation has elevated the loungewear market, emphasizing innovation, comfort, and style to meet consumer demands for both relaxation and trendy clothing. Let's dive into the vibrant realm of the loungewear market, examining its growth patterns, competitive environment, and the pivotal factors influencing its development.

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Key Companies in the Loungewear Market include

L Brands Inc. (U.S.)
H & M (Sweden)
Triumph International Holding GmBH (Germany)
Authentic Brands Group LLC (U.S.)
Urban Outfitters (US)
Nordstrom Inc. (U.S.)
Hanesbrands Inc. (US)
Jockey International Inc. (U.S.)
Marks & Spencer Group Plc (U.K.)
PVH CORPORATION (U.S.)
Loungewear Regional Insights

The study offers market insights across different regions, including North America, Europe, Asia-Pacific, and the Rest of the World. In 2021, the Asia Pacific loungewear market recorded a value of USD 2,518 million and is anticipated to demonstrate significant CAGR growth throughout the study period. This growth can be attributed to the promotional endeavors of leading manufacturers, resulting in the Asia Pacific region now commanding the largest segment of the loungewear market. This aspect influences the level of awareness clients have regarding new product launches. Industrial players are focusing on the local loungewear market and devising strategies to capture the largest share of value.

Furthermore, the key countries analyzed in the market report include the U.S., Canada, Germany, France, the U.K., Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

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Loungewear Market : Key Questions Answered in the Report

-How has the rapidly evolving business environment become an important growth engine for the Loungewear market?
-What are the underlying macroeconomic factors that impact the growth of the Loungewear market?
-What are the key trends that constantly shape the growth of the Loungewear market?
-What are the prominent regions that offer abundant opportunities for the Loungewear market?
-What are the key differential strategies adopted by key players to control a significant part of the global market share?

Loungewear Industry Developments

August 2022:

Introducing a range of reasonably priced period underwear is Hanes®. The new Comfort, Period, line from the company. When it comes to period comfort and confidence, even while sleeping, T.M. underwear is made to help. It provides quality period protection without the premium period underwear price tag

May 2021:

M&S stated that it planned to replace its largest location, the Marble Arch branch on Oxford Street in London, with a 10-story structure that would include two and a half levels of retail space below six floors of offices.Conclusion: Loungewear Redefined for the Modern Lifestyle

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