Men’s Underwear Market Size to Reach USD 50.67 billion with CAGR of 6.45% by 2029

PRESS RELEASE
Published May 4, 2023

‘Global Men’s Underwear Market’ the new research report adds in Data Bridge Market Research’s reports database. This Research Report spread across 329 Page, 53 No of Tables, And 244 No of Figures with summarizing Top companies, with tables and figures. The Men’s Underwear market research report presents a comprehensive study on production capacity, consumption, import and export for all the major regions across the world. By keeping in mind the end user’s point of view, a team of researchers, forecasters, analysts and industry expert’s work in-depth to formulate this Men’s Underwear market research report. The research and analysis carried out in this Men’s Underwear report assists clients to forecast investment in an emerging market, expansion of market share or success of a new product. To turn complex market insights into simpler version, well established tools and techniques are used for generation of Men’s Underwear report.

Get PDF Broacher of Men’s Underwear Market Research Report at https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-mens-underwear-market

Data Bridge Market Research analyses that the men’s underwear market was valued at USD 30.73 billion in 2021 and is expected to reach the value of USD 50.67 billion by 2029, at a CAGR of 6.45% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.  In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.

Men’s increasing awareness of health and fitness, as well as personal hygiene, is influencing them to spend money on high-quality undergarments. Men’s underwear sales are consistently increasing as a result of glitzy promotional campaigns and celebrity endorsements.

Undergarments are generally divided into two types: upper body and lower body garments, which cover the torso, waist, and legs, respectively. We offer vest, sleeved vest, and muscle vest as undershirts. Regular briefs, trunks, and boxer shorts are all options for briefs. Long underwear is preferred in the winter to provide extra warmth.

Top Key players in Global Men’s Underwear Market Report: 

  • Hanesbrands Inc. (U.S.)
  • PVH Corp (U.S.)
  • Ralph Lauren (U.S.)
  • Jockey (U.S.)
  • AEO Management CO. (U.S.)
  • Iconix Brand Group Inc. (U.S.)
  • Penney IP LLC (U.S.)
  • Under Armour, Inc. (U.S.)
  • RibbedTee (U.S.)
  • Fibre2Fashion Pvt. Ltd. (U.S.)
  • Levi Strauss & Co. (U.S.)
  • Perry Ellis International Inc. (U.S.)
  • Naked Brand Group Inc. (U.S.)

Get Access to Full Report (Including Graphs, Charts & Figures) at https://www.databridgemarketresearch.com/reports/global-mens-underwear-market

Recent Development

  • Boxerkilt recently announced a new type of underwear for men that, instead of the traditional underwear’s restrictive pouch, has a soft edgeless opening that allows the male genitalia to maintain a completely natural position and temperature.
  • Buttercloth, a premium menswear brand, has recently launched its own men’s underwear line. Danh Tran, founder of Buttercloth and winner of ABC’s Shark Tank, launched this new collection, which features the same patented cooling mint fibres as Buttercloth’s Icy Cotton shirt collection.

Men’s Underwear Market Regional Analysis/Insights

The men’s underwear market is analysed and market size insights and trends are provided by country, category, distribution channel, price range, age group, price and size as referenced above.

The countries covered in the men’s underwear market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the men’s underwear market due to an increase in male population. Furthermore, the presence of international key players will boost the growth of the region’s men’s underwear market during the forecast period. Because of the presence of key players and the high preference for luxury brands and limited editions.

North America is expected to see significant men’s underwear market growth. Furthermore, as companies focus more on innovation and quality of designs and fabrics, the demand for various fabrics, designs, and patterns will rise, propelling the growth of the men’s underwear market in the coming years.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

To View Detailed Report Analysis, Visit at https://www.databridgemarketresearch.com/reports/global-mens-underwear-market

Men’s Underwear Market Dynamics 

Drivers

  • Manufacturers are focusing on the development of comfortable and personalised product patterns

Growing awareness about the use of various fabrics and their benefits is a key factor influencing market growth. Polyester, rayon, silk, cotton, and nylon are some of the fabrics used in men’s underwear. Manufacturers are focusing on developing comfortable and personalised product patterns and designs such as C-strings, jockstraps, thongs, tanga, and others to cater to changing consumer needs.

  • Growing product visibility through retail and digital marketing

Major market players are investing in marketing their product lines through various social media platforms and celebrity endorsement, which will help companies create an impressive brand image, gaining a competitive advantage and prospects for increased sales. Product visibility is increasing as the penetration of modern retail formats such as supermarkets, discount stores, and pharmacy stores grows. Furthermore, the availability of a wide range of products related to intimate apparel for men at discounted prices is fuelling online shopping trends, allowing the men’s underwear market to grow.

Opportunity

Millennials are the most important customers in the male underwear market because they are more willing to try unique and novel products than other customers. The demand for innovative underwear products with distinct design, material, and colour is growing among millennials, creating a lucrative opportunity for manufacturers. Customers are more likely to buy new products than traditional ones, so the introduction of innovative underwear products in various designs and patterns is expected to influence their purchasing decisions.

For More Insights Get Detailed TOC at https://www.databridgemarketresearch.com/toc/?dbmr=global-mens-underwear-market

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