It likewise analyzes the function of the leading market gamers associated with the industry including their business introduction, financial summary, and SWOT analysis.
Worldwide Lingerie Market: Overview
Underwear is an unique classification of ladies clothes consisting of shapewear, panties and knickers, loungewear, bra, etc. Lingerie is made from different kinds of material materials such as chiffon, lycra, silk, charmeuse, and satin. In addition, numerous types of underwear products are most popular across the globe due to the health advantages connected with it. Underwear items readily available in a range of sizes, colors, patterns, designs, brand names, and products in the market and are most demandable across the globe.
Global Lingerie Market: Dynamics
Growing need for top quality underwear around the world due to changing lifestyle and increasing popularity of shapewear, loungewear, knickers, and panties, and others in different countries. These are significant aspects predicted to move development of the global underwear market over the forecast duration. In addition, increasing accessibility of lingerie in a wide range of styles, patterns, brand names, colors, and sizes and increasing female populations expense on lingerie around the world. These are other aspects anticipated to support development of the international market.
Expanding organized e-commerce sector across the globe and increasing the availability of a number of underwear on e-commerce websites resulting in rising demand for lingerie at a less expensive or marked down rate. These are among other factors expected to proliferate growth of the target market throughout the projection duration. In addition, rising females participation in athletics, gyms, sporting activities, and others and increasing appeal of bridal lingerie across the globe. These are some factors anticipated to drive growth of the target audience during the projection period.
Additionally, increasing there and marketing techniques by leading lingerie gamers and rapidly growing clothes industry throughout numerous countries are anticipated to move development of the target audience in the next 10 years.
Global Lingerie Market: Segment Analysis
Rapid adoption of bra among female populations due to the fact that it prevents neck and back pain, spinal column problems and enhances posture. Revenue from bra sector is expected to represent significant share in terms of income in the worldwide underwear market.
Amongst the sales channel segments, e-commerce segment is forecasted to witness significant development, owing to increasing online shopping of lingerie items among female populations around the world and a number of facilities offered by e-commerce industry to the customers.
International Lingerie Market: Region Analysis
The North America lingerie market is expected to account for significant share in terms of earnings and is anticipated to register greatest growth over the forecast duration. High preference for premium underwear brands and high presence of underwear manufacturers in countries in the area. Market in the Asia Pacific and Europe are expected to register lucrative development in terms of profits, owing to growing awareness among women about health and health benefit connected with underwear. In addition, increasing adoption of lingerie amongst sportswomen, high appeal of various products underwear, and high adoption of different designs of underwear in nations in these regions. The marketplaces in Latin America and Middle East & Africa are expected to register moderate growth throughout the projection period.
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