Technavio, a tech-focused market research firm, has published a new report on the global intimate apparel market, which is expected to grow at a CAGR of more than 4% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global intimate apparel market into the following key regions: the Americas, APAC, and EMEA.
Top three contributors for the global intimate apparel market are elaborated below:
Intimate apparel market in the Americas: High fashion consciousness, recovery from recession, and increase in online sales are some of the fundamental driving forces behind the growth of the intimate apparel market in the Americas. The US is the largest consumer in the global intimate apparel market. Industry analysts at Technavio anticipate the global intimate apparel market in the Americas to account for a revenue of around USD 20 million by the end of the forecast period.
According to Brijesh Choubey, a lead analyst at Technavio, specializing in research on apparel and textile, “The Americas is projected to continue its domination throughout the forecast period. The growth of the market in this region will be driven primarily by the high rate of Internet penetration, rising number of customized innerwear, and recovery from recession.”
Intimate apparel market in EMEA: It is expected that the employment rule changes for women in Middle East countries will bring about growth during the forecast period. Women in the Middle East are expected to spend more if served by female staff. Premium and designer intimate apparel are in high demand among the upper-class consumers in this region.
Intimate apparel market in APAC: The large population, rise in income levels, westernization of buying habits, and change in lifestyles drive the growth of the intimate apparel market in the APAC region. Countries like India and China are popular destinations for international intimate apparel vendors. Many vendors have introduced low-priced brands to attract the price-conscious consumers. A few countries such as China and India are expected to experience high growth rates with respect to the sale of intimate apparel in the coming years.
The leading vendors operating in the global intimate apparel market are:
- AEO Management
- Fruit of the Loom
- Jockey International
- L Brands
Other prominent vendors in the market include Aimer, Chantelle, Embry Holdings, Hanky Panky, jcp Media, Lingerie-Factory, Lise Charmel, Stella McCartney, Triumph International, Urban Outfitters, and Wacoal.
A more detailed analysis is available in the Technavio report titled, ‘Global intimate Apparel Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Online Apparel Retailing Market 2017-2021
- Global Maternity Intimate Wear Market 2017-2021
- Global Wetsuits Market 2017-2021
To read more press releases – click here