Global Men’s Underwear Market Size To Worth USD 66.18 Billion By 2033 | CAGR of 6.85%
Category: Consumer GoodsGlobal Men’s Underwear Market Size To Worth USD 66.18 Billion y 2033
According to a research report published by Spherical Insights & Consulting, the Global Men’s Underwear Market is to Grow from USD 34.13 Billion in 2023 to USD 66.18 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 6.85% during the projected period.
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Browse key industry insights spread across 240 pages with 120 Market data tables and figures & charts from the report on the "Global Men’s Underwear Market Size, Share, and COVID-19 Impact Analysis, By Type (Briefs, Boxer Brief, Trunks, Boxers, Others), By Fabric Outlook (Cotton, Polyester, Modal, Nylon, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/mens-underwear-market
Men's underwear are garments intended exclusively for men to wear beneath their clothing to provide support, comfort, and dignity in the genital area. These garments provide support, comfort, and modesty and are often constructed of breathable fabrics such as cotton, modal, or blends. Boxers, briefs, boxer briefs, and trunks are popular styles with differing degrees of coverage and fit. Men's underwear is available in a wide range of colors, patterns, and sizes to suit different preferences and body types. The trends such as athletic and sporty aesthetics, simple patterns, and vibrant designs have raised demand for unique and appealing underwear options. As consumers become more aware of the materials they use, there is an increasing demand for high-quality underwear manufactured from cotton, modal, bamboo, and microfiber. However, the rising raw material costs are a major worry that might limit industry expansion.
The boxer briefs segment dominated the market over the projection period.
Based on the type, the global men’s underwear market is divided into briefs, boxer brief, trunks, boxers, others. Among these, the boxer briefs segment dominated the market over the projection period. This type of underwear is designed to imitate tapered boxers with a snug fit while offering the comfort of briefs. These products are also available in a number of bag options, including Calvin Kelvin's contour pouch. Boxer briefs come in a range of fabrics, including cotton, microfiber blends, and polyamide, with the required amount of spandex for adequate elasticity, making them more comfortable.
The cotton segment has the biggest market share over the projection period.
Based on the fabric outlook, the global men’s underwear market is divided into cotton, polyester, modal, nylon, others. Among these, the cotton segment has the biggest market share over the projection period. Cotton fabric underwear commands the largest market share worldwide. Cotton's properties make the product soft, lightweight, and more breathable, which contributes to its popularity. Consumers favor cotton fabric over other materials because it is soft, absorbent, and moisture-resistant.
Asia-Pacific is having the biggest share of the global men’s underwear market over the forecast period.
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The Asia-Pacific region has a sizable and diversified population, including rapidly increasing metropolitan regions that service a significant clientele. Increasing disposable incomes and changing lifestyles are driving up apparel purchases, particularly pants. Furthermore, societal shifts toward Western design trends, as well as increased awareness of personal hygiene and cleanliness, are driving up demand for fashionable and high-quality men's pants.
North America region is also expected to fastest CAGR growth during the forecast period. The men's underwear industry in the United States is particularly competitive due to the vast number of international and domestic personal garment manufacturers. Customers demand contemporary men's underwear; thus, the market has a high level of brand loyalty.
Major vendors in the global men’s underwear market include, AEO Management CO, Iconix Brand Group Inc, Penney IP LLC, Under Armour, Inc, RibbedTee Fibre2Fashion Pvt. Ltd, Levi Strauss & Co, Perry Ellis International Inc, Naked Brand Group Inc, Hanesbrands Inc, PVH Corp, Ralph Lauren, Jockey, and Others.
Recent Developments
- In September 2022, Page Industries Ltd., one of India's major garment manufacturers and Jockey's official licensee, has announced the launch of Jockey's Flagship official Brand Store in Connaught Place, New Delhi.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global men’s underwear market based on the below-mentioned segments:
Global Men’s Underwear Market, By Type
- Briefs
- Boxer Brief
- Trunks
- Boxers
- Others
Global Men’s Underwear Market, By Fabric Outlook
- Cotton
- Polyester
- Modal
- Nylon
- Others
Global Men’s Underwear Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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