This report presents a comprehensive overview, market shares, and growth opportunities of Men's Underwear market by product type, application, key manufacturers and key regions and countries.According to this study, over the next five years the Men's Underwear market will register a 5.7% CAGR in terms of revenue, the global market size will reach US$ 14200 million by 2024, from US$ 10800 million in 2019.
In particular, this report presents the global market share (sales and revenue) of key companies in Men's Underwear business, shared in Chapter 3.Asia Pacific is the largest consumption place, with a consumption market share nearly 46% in 2017.
Following Asai-Pacific, Europe is the second largest consumption place with the consumption market share of 22.33%.
With huge population base, developing regions like Asia Pacific will also enjoy a faster growth rate in the forecast period.Undergarments are items of clothing worn beneath outer clothes, usually in direct contact with the skin, although they may comprise more than a single layer.
They serve to keep outer garments from being soiled or damaged by bodily excretions, to lessen the friction of outerwear against the skin, to shape the body, and to provide concealment or support for parts of it.Growing disposable income, preference for branded underwear that offers better fit and comfort are major factors fuelling demand for premium underwear, thereby driving the growth of the men’s underwear market.Based on the product type, the boxer segment held dominant position in 2017 and is expected to retain its dominance during the forecast period.
A number of manufacturers are launching new products in the boxer segment in order to strengthen their position in the men’s underwear market.Request a sample of this report @ https://www.orbisresearch.com/contacts/request-sample/3005469 The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.