Underwear Market By Global Market Share, Size, Demand, Sales, Price, Revenue, Gross Margin Forecast Till 2027

 

 

 

Underwear Market 2020-2027

 

Market Highlights

Thermal underwear also called long underwear or long johns is a modern vocabulary, relative than ordinary underwear to keep warm, normal to thin, and lightweight underwear. Thermal wear come under the others category of the innerwear/undergarments which also include socks, leggings, sports & leisure wear, and nightwear. Other categories include men’s inners, women’s inners and kid’s inners. It is made from cotton or cotton-polyester-blend fabric with a box weave texture, flannel but mainly the union suit. However many new varieties are made from polyester including capilene fabric. Also, wool-blends or 100% wool such as merino or other high quality wool is used to make thermal underwear.

The global Underwear Market is likely to touch USD 3.1 billion at a 6.2% CAGR between 2019- 2024, according to the new report by Market Research Future (MRFR). Thermal underwear, or long johns, or long underwear, simply put, is a modern vocabulary, relative than general underwear for keeping warm. It comes in thin to normal and is lightweight. Thermal wear comes under different categories such as undergarments/innerwear that includes nightwear, sports and leisure wear, leggings, and socks. Besides this, the other categories include kid’s inners, women’s inners, and men’s inners. These are basically made from cotton polyester blend fabric or cotton with box weave texture. Today, with innovations in this industry, new varieties are also available made of polyester, such as capilene fabric. 100% wool or wool-blends are also used for making thermal underwear. Sets, bottoms, and tops are the different types of thermal underwear that are available for men, women, and unisex. 

Various factors are propelling the global Underwear Market growth. According to the new MRFR report, such factors include changing climatic conditions as this helps to keep the body warm at an extremely cold weather, technological advances, advances in product development, and burgeoning demand for thermal garments. Additional factors fueling market growth comprise the growing popularity of thermal garments, increasing awareness, mass market penetration, urbanization, and globalization. The demand for such underwear has pushed manufacturers in innovating and developing new & innovative product line that offers multiple health benefits and is better in taste. This again, is adding market growth. 

 

On the contrary, the presence of counterfeit products and the effect of the COVID-19 outbreak may limit the Underwear Market growth over the forecast period. 

 

 

Access Complete Report @ https://www.marketresearchfuture.com/reports/thermal-underwear-market-3914

 

Regional Analysis

Global Underwear Market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). Among these, North America has the major market share followed by Europe. However, Asia Pacific is the fastest growing region in this segment. North America has the major market share because of its cold weather. Also, new designs and various innovative products are introduced by key players which is playing a major role to upsurge the sales of thermal underwear in the recent time. However, Asia Pacific region is estimated to witness a maximum growth in the global Underwear Market during the forecast period of 2017-2023.

Based on the region, the global Underwear Market report covers the growth opportunities and recent trends across North America, Europe, the Asia Pacific (APAC), & the Rest of the World (RoW). Of these, North America will dominate the market over the forecast period. Cold weather, coupled with various innovative products and new designs introduced by industry players are adding to the global Underwear Market growth in the region.

The global Underwear Market in Europe will hold the second-largest share over the forecast period.

The global Underwear Market in the APAC region is predicted to grow at a fast pace over the forecast period.

The global Underwear Market in the RoW is predicted to have sound growth over the forecast period.

Segmentation

The MRFR report gives an inclusive segmental analysis of the global Underwear Market report based on distribution channel, end user, material type, and product type.

By product type, the global Underwear Market is segmented into sets, bottoms, and tops.

By material type, the global Underwear Market is segmented into blend, wool, synthetic, and cotton.

By end user, the global Underwear Market is segmented into unisex, women, and men.

By distribution, the global Underwear Market is segmented into non-store based and store-based. The store-based segment is segmented into specialty stores, supermarkets and hypermarkets, and others.

 Key Players

• Adidas Group (Europe)
• Calvin Klein (U.S.)
• Giorgio Armani S.p.A.(Europe)
• Hanesbrands Inc. (U.S.)
• Jockey International (U.S.)
• L.Bean, Inc. (U.S.)
• Fruit of the loom (U.S.)

NOTE: Our Team of Researchers is Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.