Luxury Underwear- Description
Underwear, often known as innerwear, is a term used to describe any item of clothing worn directly against the skin inside another piece of clothing. There are two categories of underwear. The other ones are used to cover the waist and legs, while the first one is worn to cover the torso. Both men and women frequently wear underwear.
Men typically wear boxer shorts, banyan shorts, or classic shorts, while women typically wear bras and panties. There is elegant underwear of various brands which are more in demand because of its comfort and the material or textile used for it.
Global Luxury Underwear Market- Overview
The Global Luxury Underwear is expected to grow at a considerable rate by 2030, with a growing CAGR (Compound annual growth rate) of over 2022-2030.
The lingerie or undergarments are worn beneath the clothing and are typically not visible. There are undergarments that can be worn in the winter as well to keep the body warm while the outer, everyday clothing serves as protection from the cold.
Due to the fact that everyone needs underwear and that purchasing behaviour has changed, the demand for luxury underwear has increased as middle-class salaries have grown. There are many different types of undergarments, and rising demand has prompted businesses to develop that specific product.
Global Luxury Underwear Market- Key trends
Growing awareness of flexible fabric and precise fit will drive the market expansion
During the anticipated period, there is predicted to be significant expansion in the market for luxury underwear. The industry is being driven by rising consumer awareness of flexible fabric and exact fit as well as rising female spending power. Another important aspect driving the market’s rise is the availability of numerous items for different uses, including bridal, nursing, sports, and ordinary.
Increasing number of women inclined towards accentuating will aid the market growth
Its demand will increase as more women become attracted to emphasising their inherent attractiveness. The utilisation of premium materials including silk, satin, lycra, and lace will accelerate market expansion. Additionally, the market will benefit from producers creating fashionable, high-end undergarments and concentrating on lingerie products for particular niches. Over the course of the projection period, the Covid-19 epidemic could, however, somewhat restrain market expansion.
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Global Luxury Underwear Market- Segmental assessment
By type
• Men’s underwear
• Women’s underwear
• Others
By application
• Supermarkets/hypermarkets
• Convenience stores
• Independent retailers
• Online sales
• Others
Supermarkets/Hypermarkets, Convenience Stores, Independent Retailers, Online Sales, and Others are the different market segments based on application. Rising consumer demand for the essential innerwear will fuel business expansion.
Global Luxury Underwear Market- Geographical landscape
The major regions constituting the geographical ambit of this business sphere are North America, Middle East & Africa, Europe, Asia Pacific, and South America. Among these, North America is projected to capture a substantial revenue share over 2022-2030,
Global Luxury Underwear Market- Competitive landscape
The prominent companies defining the competitive terrain of this marketplace are Bordelle, Aubade, La Senza, Fleur of England, Agent Provocateur, Pleasurements, Lise Charmel, Myla, Victoria’s Secret, Carine Gilson, Kisskill, and others.
Report scope
Global Luxury Underwear Market: Historical Years- 2018-2021
Global Luxury Underwear Market: Forecast Years- 2022-2030
Key segments covered-
1) By type (men’s underwear, women’s underwear, and others).
2) By application (supermarkets/hypermarkets, convenience stores, independent retailers, online sales, and others).
Major regions and countries reported-
1) North America (U.S., Canada, and Mexico)
2) South America (Brazil, Argentina, and Colombia)
3) Europe (Germany, U.K., France, Italy, Spain, and Russia)
4) Middle East & Africa (UAE, Saudi Arabia, Egypt, and South Africa)
5) Asia Pacific (China, Japan, India, Australia, South Korea, and ASEAN)
Top players profiled- Bordelle, Aubade, La Senza, Fleur of England, Agent Provocateur, Pleasurements, Lise Charmel, Myla, Victoria’s Secret, Carine Gilson, Kisskill, and others.
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Analysis of the impact of COVID-19 and the Russia-Ukraine War:
The readers of this section will be better informed on the effects of the pandemic, the post-pandemic, and the Russia-Ukraine War on the global market for refrigerated freight services. The factors that have changed since the poll was done include demand, consumption, transportation, consumer behavior, and supply chain management. Industry experts have also emphasized the crucial factors that will help players identify opportunities and maintain the sector as a whole in the approaching years.
Reasons to Get this Report:
The analysis covers global market and its advancements across different industry verticals as well as regions. It targets estimating the current market size and growth potential of the global market across sections such as also application and representatives.
In an insight outlook, this research report has dedicated to several quantities of analysis – industry research (global industry trends) and global market share analysis of high players, along with company profiles, and which collectively include about the fundamental opinions regarding the market landscape; emerging and high-growth sections of global market; high-growth regions; and market drivers, restraints, and also market chances.
Additionally, the analysis also has a comprehensive review of the crucial players on the global market together side their company profiles, SWOT analysis, latest advancements, and business plans.
