openPR Logo
Press release

U.S. Men’s Underwear Market is Expected to Reach a CAGR of 5.8% During 2016-2026

07-27-2017 02:23 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

U.S. Men’s Underwear Market is Expected to Reach a CAGR of 5.8%

Manufacturers boosting sales by making L+ size underwear affordable, counting upon US men’s bloating waist size

Bigger waist sizes and selective preference for boxers, boxer briefs, and regular briefs will continue to shape up the growth in revenue of the men’s underwear market in the US. According to a latest study by Future Market Insights, sales of XXXL size men’s underwear in the US will surpass US$ 590 million in 2016. The L and XL sizes will account for an impressive 21.7% and 21.4% value share respectively of the US$ 3.3 billion market. Future Market Insights projects the US mens underwear market to grow at 5.8% CAGR through 2026.

Popularity of regular briefs and boxer briefs is evidently impacting the US men’s underwear market growth. The country’s urban life demands a proactive lifestyle, compelling men to hustle through their daily tasks at a quicker pace. Such a lifestyle trend defines the type of underwear worn by men in the US. The comparatively low cost of making regular briefs enables apparel manufacturers in the US to expand their production capacity, increasing the gross volume production of men’s regular briefs. By 2026, sales of men’s regular briefs and boxer briefs will collectively surpass 500 million units.

Request For Sample@ http://www.futuremarketinsights.com/reports/sample/rep-gb-2471

Top Research Findings in Future Market Insights’ Report on the US Men’s Underwear Market

More than 80% men in the US buy their own underwear, inducing higher importance on personalised shopping outlets

Northeast States are likely to account for nearly 40% of the US market’s gross revenue over the forecast period

Availability of all underwear brands at flexible prices to increase US men’s underwear sales through mass merchandisers, while online stores will contribute with just over 10% value share as a distribution channel

Products offered by Hanesbrand Inc. and Calvin Klein Inc. have gained nationwide prominence in the US, while companies such as Jockey International, Phillips-Van Heusen Corporation, Ralph Lauren Corporation, and American Eagle Outfitters Inc. among others, are intensifying their measures for a strategic expansion of their market shares.

Send An Enquiry@ http://www.futuremarketinsights.com/askus/rep-gb-2471

Competitive Pricing – The Key to Success

Design styles, fabric materials, and type of underwear are likely to be secondary factors influencing buying behaviour. Availing inner comfort at a reasonable price remains an important buyer consideration. Manufacturers must consider the fact that men in the US own over a dozen of underwear pairs in a year, and still continue to buy a couple or more according to their usage. The average annual spend on underwear in the men’s segment is pegged at US$ 80, making mid-price range underwear a lucrative segment for end users. In 2016, mid-priced men’s underwear will garner over 42% share in the US market – nearly 12% more than the market share of the premium priced segment.

At an average price of US$ 30 or above, the US men’s underwear sales are projected to reach 130 million units by 2026. Underwear sold in the US$ 20-29 price range will continue to dominate the market, accounting for over US$ 1 billion market value in 2016.

ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

CONTACT:
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website :www.futuremarketinsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release U.S. Men’s Underwear Market is Expected to Reach a CAGR of 5.8% During 2016-2026 here

News-ID: 645260 • Views: 103

More Releases from Future Market Insights

How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring

All 5 Releases


More Releases for Underwear

Underwear Market to Reach US$ 11 Bn by 2020.
According to a new market report published by Persistence Market Research, titled “Men's Underwear Market: BRIC to Witness Highest Growth by 2020”, the men's underwear market is projected to account for US$ 8,420.8 Mn by the end of 2015 at a CAGR of 5.8% from 2015 to 2020, to reach US$ 11 Bn by 2020. There are generally two types of men's undergarments; one type covers the torso
Men’s Underwear Market Sustains Competitiveness by Adoption of Technological I …
XploreMR presents an insightful analysis of men’s underwear market in the U.S. in its new publication titled ‘Men’s Underwear Market: U.S. Industry Analysis and Opportunity Assessment, 2016–2026’. In this report, XploreMR has focussed on presenting a market outlook of the region and the main aim of this report is to offer a crystal clear picture on the market opportunities in the U.S. men’s underwear market over a forecast period of
Men’s Underwear Market to Witness Growth Acceleration During 2026
Future Market Insights presents an insightful analysis of men’s underwear market in the U.S. in its new publication titled ‘Men’s Underwear Market: U.S. Industry Analysis and Opportunity Assessment, 2016–2026’. In this report, Future Market Insights has focussed on presenting a market outlook of the region and the main aim of this report is to offer a crystal clear picture on the market opportunities in the U.S. men’s underwear market over
Global Men's Underwear Sales Market Research Report 2018
This report studies the global Men's Underwear market status and forecast, categorizes the global Men's Underwear market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, China, Japan, Southeast Asia India and Other regions (Middle East & Africa, Central & South America). Undergarments are items of clothing worn beneath outer clothes, usually in direct contact with the skin,
Men's Underwear Market - Experts Discuss the Future
According to a new market report published by Persistence Market Research, titled “Men's Underwear Market: BRIC to Witness Highest Growth by 2020”, the men's underwear market is projected to account for US$ 8,420.8 Mn by the end of 2015 at a CAGR of 5.8% from 2015 to 2020, to reach US$ 11 Bn by 2020. There are generally two types of men's undergarments; one type covers the torso
Global Intimate Underwear Sales Market Report 2017
Intimate Underwear Revenue, means the sales value of Intimate Underwear This report studies sales (consumption) of Intimate Underwear in Global market, especially in United States, China, Europe and Japan, focuses on top players in these regions/countries, with sales, price, revenue and market share for each player in these regions, covering L Brands Hanes Brands Betkshire Hathaway (Fruit of Loom) American Eagle (Aerie) Wacoal Marks & Spencer Gunze Jockey International Triumph