The lingerie market has shown significant strength in 2021 and is projected to continue to grow rapidly in revenue over the forecast period. This growth can be attributed to the increased spending power of the population. Lingerie refers to undergarments, sleepwear, and other lightweight clothing that is both functional and fashionable. The fabrics used to make lingerie are typically lightweight and smooth, including cotton, lycra, silk, satin, charmeuse, nylon, and other materials. Lingerie is important for keeping the body clean and hygienic, as well as for providing protection from abrasions caused by outer clothing. The market for lingerie is expected to grow due to the increasing awareness of fashion and customers' preference for exquisite designs that provide both comfort and appeal. The demand for one-piece lingerie, shape wears, and seamless intimate apparel are also driving factors in the growth of the lingerie market. However, the high prices and cost of fashionable lingerie clothing may hinder the market's revenue growth over the forecast period.
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Top Companies Operating in the Global Lingerie Market Report:
· Jockey International Inc.
· MAS Holdings
· Victoria’s Secret
· Zivame
· Gap Inc.
· Hanesbrands Inc.
· Hennes & Mauritz AB
· Triumph International Ltd.
· Bare Necessities
· Calvin Klein
· L Brands
· AEO Management Co.
· Yandy LLC
· Marks & Spencer Plc.
· LVMH Moet Hennessy Louis Vuitton
· Hunkemoller International B.V.
Driving Factors of Lingerie Market
· Changing Fashion Trends: Evolving fashion trends and styles play a significant role in driving the lingerie market. As consumers seek new designs, materials, and styles, lingerie manufacturers and retailers continually introduce innovative and trendy products to meet the demand.
· Increasing Disposable Income: Rising disposable income levels, particularly in emerging economies, have a positive impact on the lingerie market. As consumers have more purchasing power, they are willing to spend on premium and luxury lingerie products, driving the market's growth.
· Shifting Demographics: Changes in demographics, such as increasing urbanization, the rise of the middle class, and a growing young population, contribute to the growth of the lingerie market. These factors create new market segments and expand the customer base for lingerie products.
· Growing Awareness and Acceptance: The growing awareness and acceptance of lingerie as an essential fashion item have led to increased demand. Lingerie is no longer seen solely as a functional undergarment but also as a fashion statement and a means of self-expression. This shift in perception has expanded the lingerie market.
Key Regional Markets Covered in the Report:
· North America (U.S.A., Canada, Mexico)
· Europe (Italy, U.K., Germany, France, Rest of Europe)
· Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
· Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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Further market segmentation
Type Outlook (Revenue, USD Billion; 2019-2030)
- Brassiere
- Knickers
- Shapewear
Distribution Channel Outlook (Revenue, USD Billion; 2019-2030)
- Online stores
- Offline stores
Key Takeaways of the Global Lingerie Market Report:
· A comprehensive overview of the global Lingerie industry.
· Accurate market projections in terms of market size, share, and volume.
· Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
· Deep-dive analysis of the upcoming market trends.
· Qualitative and quantitative analyses of the global Lingerie market.
· Elaborate study of the leading regional markets in the global Lingerie market.
· Complete overview of the market’s competitive landscape.
· Brief look at the company profiles and portfolios.
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