What is Men's Underwear?
Men's underwear help to avoid soiling of outerwear and cover the torso and waist and legs respectively. It is made up of suitable material and fabric materials to provide comfort and it protects the internal body parts. Growing penetration of international underwear brands, for instance, Hanes, Jockey, and Calvin Klein in emerging economies and organized retail penetration and penetration of mono-brands and multi-brand outlets are some of the major drivers which are propelling the growth of the market in future.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Hanesbrands Inc., (United States), Philips-Van Heusen Corporation (United States), Ralph Lauren Corporation (United States), Jockey International Inc. (United States), American Eagle Outfitter Inc. (United States), Iconix Brand Group Inc., J.C. (United States), Penny Corporation, Inc. (United States) and Berkshire Hathaway Inc. (United States) |
The study covers a detailed analysis segmented by key business segments i.e. by type (Regular Brief, Trunks, Boxer Brief, Boxer Shorts and Others) and major geographies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Men's Underwear market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Men's Underwear market report suggests strategies that Vendors can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, some of them are Hanesbrands Inc., (United States), Philips-Van Heusen Corporation (United States), Ralph Lauren Corporation (United States), Jockey International Inc. (United States), American Eagle Outfitter Inc. (United States), Iconix Brand Group Inc., J.C. (United States), Penny Corporation, Inc. (United States) and Berkshire Hathaway Inc. (United States).
In 2018, the Perry Ellis International (United States) Company has done an agreement with GOODPEOPLE Co., Ltd. (South Korea) for selling mens underwear and loungewear. Hence, this agreement will help in strengthening the position of the company worldwide. and In 2016, the 2eros (Australian) Company has launched geo-prints products. Hence, it will benefit the increased products portfolio of the company
The market is fragmented with numerous players focusing on technique and quality of the product due to which the global mens underwear market can witness an upsurge in the forecast period.
Influencing Trend:
New Design Products Launch Regarding Men's Underwear
Market Growth Drivers:
Increasing Demand for Stylish and Trendy Underwear and Growing Disposable Income and Preference for Branded Underwear
Challenges:
Issue Related to Common Products Have Very High Mark-Up Prices
Restraints:
Problem Regarding High degree of competition and Unorganized market in developing countries
Opportunities:
Rising Demand from Emerging Economics such as India, China, and others
Key highlights of the Global Men's Underwear market Study:
CAGR of the market during the forecast period 2023-2030
In-depth information on growth factors that will accelerate the Men's Underwear market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Men's Underwear market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Men's Underwear Vendors
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Men's Underwear market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Men's Underwear market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Manufacturers of Mens Underwear, Suppliers of Mens Underwear, Wholesalers, Distributors and Retailers of Mens Underwear, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.