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[Latest]Global Lingerie Market Share Likely to Reach At a CAGR of 8.5% By 2033
Shraddha Wankhade
Lead Consultant - Workplace Strategy | Change Management | Research | Occupancy planning | Market Research
According to Custom Market Insights (CMI), the Lingerie market is expected to grow at a compound annual growth rate of 8.5% during the forecast period from the year 2022 to the year 2030. This pocket offers different types of lingerie like panties, knickers, brassiere, shapewear, etc these products are offered in different types of materials like cotton satin, silk and nylon.
Manufacturers have become mindful about providing the proper fit for different body types and this is expected to drive market growth in the coming years.
Regional Snapshots
The European region is expected to dominate the market in the coming years. And there’s a large amount of working population of women in the European region the market is expected to grow well. As the manufacturers are engaging in improving their product portfolio the market will continue to grow in the coming year. Innovative designs and colors will play an important role in the growth of the market.
The North American region is also expected to grow well in the coming years due to the increased purchasing power of the women in this region. Online retailing is expected to play an important role in the growth of the North American market. Digitalization has also played an instrumental role in the growth of the market. As a large number of prominent players are based in the North American and European regions the market in these regions will continue to grow well in the coming years.
Segments covered in the report
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Report Highlights
The availability of Brassiere in different fabrics and designs due to the adoption of technology for providing designer products will drive market growth in the coming years. Growing demand for seamless products will drive market growth. This segment is expected to dominate the market in the coming years.
Mindfulness about the availability of brands and luxury products will drive the growth of this segment during the forecast period. Knickers are offered in comfortable fabrics like nylon and cotton. As a wide range of products is available in this segment the market will continue to grow in the coming years. Depending upon the coverage offered by the knickers the market shall see growth in the coming years.
The sales of the Lingerie should be maximum through the multi brand stores. The availability of the trial facility at these physical stores will drive market growth in the coming years. The buying decision of the consumers is aided by the availability of an associate which helps in choosing the correct pattern and size. The sales of these products through online platforms are also expected to grow as many market players are available on these platforms. Portals of Victoria’s Secret and jockey international will also be helpful in the growth of the market in the coming years.