In a recent published report, Kenneth Research has updated the market report for Lingerie Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
According to the statistics by the Organization for Economic Co-operation and Development (OECD), the United States recorded to be the largest exporters of international trade in services amongst all the OECD nations with a value worth USD 827 billion in the year 2018.
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Global Lingerie Market is estimated to reach $62 Billion by 2024; growing at a CAGR of 6.4% from 2016 to 2024. Lingerie is commonly used by women for their comfort and fashion. The most common materials used are nylon, polyester, lycra, lace, silk, and cotton among others. Even though most lingerie are designed and worn by women, some of the manufactures are now designing lingerie for men as well. Women over the years have turned out to be more conscious towards wearing the right lingerie with perfect measurements and looks. Manufacturers are making great effort to make lingerie more comfortable along with rich-looking with different fabrics, laces, embroideries and colors.
Major drivers of the global lingerie market are increasing disposable income and changing attitude towards self-presentation, rapidly spreading of mall culture in emerging economies Furthermore, growing e-commerce and high participation of women in sports also support the growth of the market. Though, high cost incurring for advertisements of lingerie may hamper the growth of the market. Additionally, product innovations and lingerie for men would provide opportunity for growth in the upcoming years.
The global lingerie market is segmented based on the product type, distribution channel and geography. By product type, it is segmented into bra, knickers & panties, loungewear, shapewear and others. Furthermore, distribution channel is segmented into online stores and storefront.
By geography, the lingerie market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S., Canada, and Mexico are covered under North America wherein Europe covers Germany, U.K., France, Italy and others. Asia-Pacific covers India, China, Japan and others. Rest of the World (RoW) covers South America, Middle East, and Africa.
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Key market players include Marks and Spencer, Jockey International Inc., L Brands Inc., Ann Summers, PVH Corporation, LVMH, Hanes International, MAS Holdings Limited, Groupe Chantelle and Victoria Secret, among others.
The key takeaways from the report
The report will provide detailed analysis of Lingerie market with respect to major segments such as product type and distribution channel
The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024
Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of Lingerie market will be included in the report
Profile of key players of the Lingerie market, which include key financials, product & services, new developments, and business strategies
Scope of Lingerie Market
Product Segments
Bra
Knickers & Panties
Loungewear
Shapewear
Others
Distribution Channel Segments
Online Stores
Storefront
Geography Segments
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North America
US
Canada
Mexico
Europe
Germany
U.K.
France
Italy
Others
Asia-Pacific
India
China
Japan
Others
RoW
South America
Middle East
Africa
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Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
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