This report calculates the Men’s Underwear Market size, future trends, demand, revenue, price, growth, market drivers, opportunities and challenges, sales channels and distributors, and forecast (2021-2027). The competition in the global Men’s Underwear industry is analyzed, taking into consideration price, revenue, sales, and market share by company, market concentration rate, competitive situations and trends, expansion, merger and acquisition, and market shares of top companies.
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Some of the Key Competitors or Companies Included In the Study Are Hanesbrands Inc., Phillips-Van Heusen Corporation, Ralph Lauren Corporation, Jockey International Inc., American eagle outfitters Inc., Iconix Brand Group Inc., J.C. Penney Corporation, Inc., and Berkshire Hathaway Inc.
What Is Men’s Underwear Market?
Men’s underwear is intimate clothes that are worn to protect the genital parts of men and also helps in maintaining hygiene. Underwear protect the privates of men by giving them the appropriate shapes and also keep them dry since they easily get moist. Additionally, underwear is also beneficial in preventing damages of outer clothes from being getting dirty from sweat. Some of the types of the men underwear are trunks, boxer brief, briefs, and boxers, they are manufactured by using various materials such as polyester, modal, cotton, and nylon. They are widely available across online platform, departmental stores, mono-brand stores, and mass merchants.
The global men’s underwear market is projected to surpass US$ 16.5 billion by the end of 2027, in terms of revenue, growing at CAGR of 5.8% during the forecast period (2020 to 2027).
Increasing penetration of organized retail around the globe is expected to drive the market growth of the men’s underwear. Growing disposable income of the population and an increasing metrosexual male population that are increasing spending on fashion products is expected to fuel the market growth of men’s underwear. Growing demand for underwear as a necessity and for comfort reasons is further expected to augment the market growth of the men’s underwear.
The penetration of mono-brand outlets around the globe is expected to offer potential growth opportunities to the market of men’s undergarments. According to the Coherent Market Insights analysis, Jockey International focuses on making substantial investments in mono-brand outlets in order to drive product sales. The company has been offering product lines through numerous mono-brand outlets and channels worldwide since 1995.
The rising trend of wearing low-rise boxer briefs among the male population due to a rising sense of fashion is expected to augment the market growth of men’s underwear. According to the Coherent Market Insights analysis, most of the brand’s such Jockey, 2(X) IST, and Andrew Christian offer various types of low-rise briefs. Thus, the rising popularity of low-rise boxer briefs is projected to foster the market growth of men’s underwear over the forecast period.
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Frequently Asked Questions (FAQ) :
1) What Are The Major Factors Driving The Market Growth?
✍︎ Increasing application of industrial microbiology in healthcare and end-use industries and increasing adoption of inorganic growth strategies by key players are expected to drive the market growth over the forecast period.
2) Which is the leading product type segment in the Market?
✍︎ Reaction consumables are the leading product type segment in the Market.
3) What are the key factors hampering the growth of the market?
✍︎ High risk of contamination is the major factor restraining the growth of the Market
4) Which are the major players operating in the market?
✍︎ Major players operating in the market include Hanesbrands Inc., Phillips-Van Heusen Corporation, Ralph Lauren Corporation, Jockey International Inc., American eagle outfitters Inc., Iconix Brand Group Inc., J.C. Penney Corporation, Inc., and Berkshire Hathaway Inc.
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✍︎ Major countries in each region are mapped according to individual market revenue.
✍︎ Comprehensive analysis of factors that drive and restrict the market growth is provided.
✍︎ The report includes an in-depth analysis of current research and clinical developments within the market.
✍︎ Key players and their key developments in recent years are listed.
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunities.
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