Lingerie Market To Report Impressive Growth, Revenue To Surge To US$ 162.96 Billion By 2032

With the presence of a large pool of participants, the global lingerie market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). Jockey International Inc., Wisconsin, Hanes, Groupe Chantelle, LVMH, L Brands Inc., MAS Holdings Limited, Ann Summers, Marks and Spencer, and PVH Corporation are some of the key vendors of lingerie across the world. These players are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the lingerie market study.

This review is based on a report by Zion Market Research, titled “Lingerie Market by Product (Bra, Knickers and Panties, Loungewear, Shapewear, and Others) and by Distribution Channel (Online Sales and Storefront): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 - 2024.”- Report at https://www.zionmarketresearch.com/report/lingerie-market

Citing an instance, in October 2018, Hennes & Mauritz AB – a Sweden-based multinational clothing retail firm- launched a number of bras designed for women who have undergone either mastectomy as a result of breast cancer. Reportedly, the bra collection includes a basic bra style, front-closure sports bra style, and a lace bra style that can offer comfort to breast cancer women survivors.

In 2023, the worldwide lingerie market earned USD 92.46 Billion and is expected to earn USD 162.96 Billion by 2032, growing at a CAGR of almost 6.50%. The main products available in this market are bra, knickers and panties, loungewear, shapewear, and others. Among them, the demand for bra is relatively higher and the trend is anticipated to remain so over the next few years, notes the research report.

Humungous Demand For Product And Shifting Lifestyles To Steer Market Growth

“Massive product demand from young women population, changing lifestyles, and rise in the number of working women are expected to support lingerie market trends over the coming years,” says the author of this study. Apart from this, lingerie producers are introducing new products in online as well as physical retail stores and this is likely to impel the growth of lingerie market in the upcoming years. In addition, increase in spending on personal appearance and rapidly altering fashion trends are few of the key growth drivers of lingerie market.

Furthermore, rapidly thriving ecommerce business along with immense Smartphone popularity among the young female population is anticipated to lucratively impact lingerie market earnings during the foreseeable future. Acceptance of newly designed bras for cosmetic purpose will further impel lingerie market size in the years to come.

Growing Sales & Trade Promotion Activities To Spur European Dominance

Regionally, Europe has been leading the worldwide lingerie market and is anticipated to continue on the dominant position in the years to come, states the lingerie market study. Attractive discounts offered by online retail stores along with subscriptions, free shipping charges, comfort, and proper fit are the major factors behind the dominance of the Europe lingerie market. The high number of key market players being headquartered in Europe is another significant factor that is supporting the growth of this regional lingerie market.

The global lingerie market is segmented as follows:

By Product

• Bra
• Knickers and Panties
• Loungewear
• Shapewear
• Others

By Distribution Channel

• Online Sales
• Storefront

By Region

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

About Us:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com