Mens Underwear Market Growth with 5.8 % CAGR Predicted till 2020 - 2027 | Hanesbrands Inc.
Men's underwear is essential for keeping the genital area clean. Underwear sits close to the body and is therefore important to choose carefully.
SEATTLE, WA, UNITED STATES , February 7, 2022 /EINPresswire.com/ -- Market Overview:
Men's underwear is essential for keeping the genital area clean. Underwear sits close to the body and is therefore important to choose carefully. If the underwear is uncomfortable, users need to look for another pair. Common signs of underwear that is too small or too large are leg bands digging into the thighs, elastic on the waistband. While some men are against wearing underwear, many men still find it helpful. It is a good way to protect the genitals from bacteria, reduce skin irritation, and protect against infections. Long boxers are great for guys who want more leg coverage and have larger thigh circumferences.
Competitive Landscape:
Major players operating in the U.S. men's underwear market include Naked Brand Group Inc., Perry Ellis International Inc., Levi Strauss & Co., Ramblers Far, Inc., RibbedTee Company, Under Armour, Inc., J.C. Penney Corporation Inc., Iconix Brand Group Inc., American Eagle Outfitters Inc, Jockey International Inc., Ralph Lauren Corporation, Philips-Van Heusen Corporation, and Hanesbrands Inc.
𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗙𝗼𝗿 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 : https://www.coherentmarketinsights.com/insight/request-sample/1442
Key Market Drivers:
The increasing prevalence of the male population in the United States is expected to drive the growth of the U.S. men's underwear market. For instance, according to the U.S. Census, in 2020, around 49.48% of the total population in the U.S. was male. Men's underwear is made from a variety of fabrics, including cotton, modal, and lycra. Cotton and lycra are the most comfortable and breathe well. Wool is good for people in cooler climates, but it can be tough on sensitive skin. Synthetic materials are the best choice for travel and athletic activity. The increasing launch of new male underwear products in the U.S. market is estimated to propel the growth of the U.S. men's underwear market.
Covid-19 Impact Analysis:
During the COVID-19 pandemic, the rapid spread of the virus led to lockdown measures in several nations, which affected the growth of the U.S. men's underwear market significantly. Moreover, transport restrictions, the closing down of shops, and disruptions in supply for raw materials also affected the market growth.
Key Takeaways:
The increasing prevalence of sexually transmitted diseases in the U.S., such as chlamydia is expected to dominate the growth of the U.S. men's underwear market. For instance, according to the U.S. Centers for Disease Control and Prevention, annually around 3 million cases of chlamydia happen in the U.S.
High expansion of clothing stores in the U.S., is assessed to augment the growth of the U.S. men's underwear market. For instance, according to National Retail Federation, currently, there are around 96,000 clothing stores in the U.S.
𝗕𝘂𝘆 𝗡𝗼𝘄 𝗮𝗻𝗱 𝗚𝗲𝘁 𝗜𝗻𝘀𝘁𝗮𝗻𝘁 𝗗𝗶𝘀𝗰𝗼𝘂𝗻𝘁 𝗼𝗳 𝗨𝗦𝗗 𝟮𝟬𝟬𝟬 𝗳𝗼𝗿 𝗣𝗿𝗲𝗺𝗶𝘂𝗺 𝗥𝗲𝗽𝗼𝗿𝘁 : https://www.coherentmarketinsights.com/promo/buynow/1442
Important Features that are under Offering and Key Highlights of the Reports:
– Potential and niche segments/regions exhibiting promising growth.
– Detailed overview of Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application, etc.
– Historical, current, and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Market
– Strategies of key players and product offerings
𝐓𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭'𝐬 𝐬𝐭𝐮𝐝𝐲 𝐨𝐛𝐣𝐞𝐜𝐭𝐢𝐯𝐞𝐬 𝐚𝐫𝐞 𝐚𝐬 𝐟𝐨𝐥𝐥𝐨𝐰𝐬:
✤ SWOT Analysis is used to define, assess, and analyse market competition by focusing on the world's major manufacturers. The market is defined, described, and forecasted by type, application, and region.
✤ Examine the potential and advantages of the global and major regional markets, as well as the opportunities and challenges, as well as the constraints and risks.
✤ Determine whether market growth is being driven or hampered by trends and factors.
✤ Stakeholders will be able to assess market potential by identifying high-growth categories.
✤ Conduct a strategic analysis of each submarket's growth trends and contribution to the market.
✤ Competitive developments in the market include expansions, agreements, new product launches, and acquisitions.
✤ To develop a strategic profile of the major players and conduct a thorough analysis of their growth strategies.
𝐊𝐞𝐲 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐀𝐝𝐝𝐫𝐞𝐬𝐬𝐞𝐝:
✔ In the next seven years, what innovative technology trends should we expect?
✔ Which sub-segment do you believe will grow the fastest over the next few years?
✔ By 2028, which region is predicted to have the largest market share?
✔ What organic and inorganic strategies are businesses employing to gain market share?
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