Global Lingerie Market is estimated to reach $62 Billion by 2024; growing at a CAGR of 6.4% from 2016 to 2024. Lingerie is commonly used by women for their comfort and fashion. The most common materials used are nylon, polyester, lycra, lace, silk, and cotton among others.
Global Lingerie Market is expected to reach $62 billion by 2024 from $38 Billion in 2016, growing at a CAGR of 6.4% from 2016 to 2024. By geography, Asia Pacific and Rest of the World (RoW) are expected to grow at a CAGR of 7.2% and 6.5%, respectively, during the forecast period.
Key growth factors of global lingerie market are Increase in changing attitude towards self-presentation, and rapidly spreading of mall culture in emerging economies. Additionally, increasing e-commerce and high participation of women in sports also support the growth of this market.
The global lingerie market is categorized into product type, distribution channel and geography. Product type segment includes loungewear, bra, knickers & panties, shapewear and other product types.
Moreover, distribution channels are online stores and storefront. Online stores accounted the largest market share in 2016, driven by convenience of return policy, wide range of designs, and availability of discounts, offers & coupons.
North America, Europe, Asia-Pacific and Rest of the World (RoW) are key region in geography segment of global lingerie market. Asia Pacific is expected to grow at a fastest CAGR from 2016 to 2024, driven by increasing disposable income, and more number of women in workforce & sports.
Europe region held for the highest market share in the year 2016.
The major players in global lingerie market include Marks and Spencer, Jockey International Inc., L Brands Inc., Ann Summers, LVMH, MAS Holdings Limited, Hanes International, PVH Corporation, Groupe Chantelle, and Victoria Secret, among others.
Scope of Lingerie Market
- Knickers & Panties
Distribution Channel Segments
- Online Stores
- North America
- South America
- Middle East
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