Press release
Men's Underwear Market Evaluation: Overview, US$ 60.90 Bn Value, Share, Trends, and Future Growth Insights Report (2024-2031) | Hanesbrands Inc., Phillips-Van Heusen Corporation
Global men's underwear market size is expected to reach US$ 60.90 Bn by 2031, from US$ 41.20 Bn in 2023, exhibiting a compound annual growth rate (CAGR) of 5.7% during the forecast period.The latest market intelligence report published by CMI with the title "Global Men's Underwear Market 2024, Growth Opportunities, and Forecast" provides actionable insights on Consumer Goods industry. The report provides demand analysis, industry insights, competitive intelligence, and customer database.
The Research report on Men's Underwear Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. It also provides and a lot of business matrices including Porters Five Forces Analysis, PESTLE Analysis, Value Chain Analysis, 4 Ps' Analysis, Market Attractiveness Analysis, BPS Analysis, Ecosystem Analysis.
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*Note: Sample of the report provides details on the scope and coverage, table of contents, research methodology, and Sample Framework of the report. Actual report of 150+ is available for purchase to all the interested stakeholders.
Key trends Men's Underwear Market
1. Shift Towards Comfort and Functionality: There is a growing emphasis on comfort and functionality in men's underwear. Consumers are increasingly looking for breathable, moisture-wicking fabrics and ergonomic designs that provide support and comfort for everyday wear and athletic activities. Brands that prioritize these features are gaining popularity.
2. Rise of Sustainable Materials: Sustainability is becoming a significant focus in the fashion industry, including men's underwear. Brands are exploring eco-friendly materials, such as organic cotton, bamboo, and recycled fabrics, to appeal to environmentally conscious consumers. This trend not only promotes sustainability but also enhances brand loyalty among consumers who prioritize ethical practices.
3. Customization and Personalization: The demand for personalized and customizable products is on the rise. Some brands are offering options for consumers to choose colors, patterns, and even fit, allowing for a more tailored shopping experience. This trend caters to individual preferences and enhances customer satisfaction.
4. Growth of Online Retail: The shift towards e-commerce has transformed the way consumers shop for underwear. Online platforms provide convenience and a wider variety of styles and brands. Brands that invest in robust online marketing strategies, subscription models, and hassle-free return policies can capitalize on this trend.
5. Influence of Fashion Trends: Men's underwear is increasingly being influenced by broader fashion trends, with designs becoming more fashionable and trendy. Bold colors, prints, and styles are gaining traction, allowing consumers to express their personal style through their underwear choices. Collaborations with designers and celebrities are also helping to elevate the fashion aspect of men's underwear.
📌 Want to access more insights? The journey starts from requesting Sample: https://www.coherentmarketinsights.com/insight/request-sample/1442
*Note: Sample of the report provides details on the scope and coverage, table of contents, research methodology, and Sample Framework of the report. Actual report of 150+ is available for purchase to all the interested stakeholders.
Detailed Segmentation and Classification of the report (Market Size and Forecast - 2031, Y-o-Y growth rate, and CAGR):
• By Age Group
Age Group 15-25
Age Group 26-35
Age Group 36-45
Age Group 46-55
Age Group 56-65
Age Group 65+
• By Distribution Channel
Online Store
Offline Store
• By Regions and Countries
o North America
o Europe
o Asia-Pacific
o South America
o Middle East & Africa
Following are the players analyzed in the report:
• Hanesbrands Inc.
• Phillips-Van Heusen Corporation
• Ralph Lauren Corporation
• Jockey International Inc.
• American eagle outfitters Inc.
• Iconix Brand Group Inc.
• J.C. Penney Corporation Inc.
• Berkshire Hathaway Inc.
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Deep-dive Analysis:
The Report provides deep-dive qualitative and quantitative analysis on Men's Underwear Market for all the regions and countries covered below:
• North America (the United States, Canada, and Mexico)
• Europe (Germany, France, Italy, United Kingdom, SCANDIVAN, Benelux, Russia, and Rest of Europe)
• Asia-Pacific (Japan, South Korea, India, China, Southeast Asia, and Australia)
• South America (Brazil, Argentina, and Rest of South America)
• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa, and Rest of the Middle East & Africa)
• Each Country is covered in detail, and report provides qualitative and quantitative analysis on Men's Underwear Market on each country.
The research provides answers to the following key questions:
1. What is the estimated growth rate of the market for the forecast period 2024-2031? What will be the market size during the estimated period?
2. What are the key driving forces responsible for shaping the fate of the Men's Underwear market during the forecast period?
3. Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Men's Underwear market?
4. What are the prominent market trends influencing the development of the Men's Underwear market across different regions?
5. What are the major threats and challenges likely to act as a barrier in the growth of the Men's Underwear market?
6. What are the major opportunities the market leaders can rely on to gain success and profitability?
Key insights provided by the report that could help you take critical strategic decisions?
• Regional report analysis highlighting the consumption of products/services in a region also shows the factors that influence the market in each region.
• Reports provide opportunities and threats faced by suppliers in the Men's Underwear and tubes industry around the world.
• The report shows regions and sectors with the fastest growth potential.
• A competitive environment that includes market rankings of major companies, along with new product launches, partnerships, business expansions, and acquisitions.
• The report provides an extensive corporate profile consisting of company overviews, company insights, product benchmarks, and SWOT analysis for key market participants.
• This report provides the industry's current and future market outlook on the recent development, growth opportunities, drivers, challenges, and two regional constraints emerging in advanced regions.
Author of this marketing PR:
Priya Pandey is a dynamic and passionate PR writer with over three years of expertise in content writing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes writing contents and documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.
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Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
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