Lingerie Market is slated to witness exponential growth and will garner ROI worth USD 84.16 Bn By 2028 with a CAGR of 8.25% over 2022-2028. The surge in product penetration in regular wear or bridal wear for women is likely to steer market value in the coming years. The need women for to highlight or reveal the natural features of the body will promulgate the expansion of the lingerie market in coming years.
The growing use of cotton, polyester, satin, and lace in cloth production will culminate into large-scale demand for women’s wear, thereby steering lingerie market trends. Changes witnessed in fashions and lifestyles of the young women population will create demand for lingerie with different innovative designs and this will enlarge the scope of market growth. Thriving online retail and e-commerce sectors will lead to the derivation of cumulative growth of the lingerie market in upcoming years.
Now, let us discuss some of the giant players who have markedly influenced market growth through the introduction of new product features:
➢ Jockey International, Inc. (U.S.): The manufacturer has set up the business in the U.S. The firm has been established in Wiscosin, U.S. since 1876 and operates in the business of producing underwear, sportswear, and sleepwear for children, men, and women. It is a recognized trademark in nearly 120 nations.
➢ The Gap, Inc. (U.S.): It is based in California, U.S. on 29th August 1969. It is known for its accessories and clothing retailing business across the globe.
➢ Victoria’s Secret (U.S.): It is U.S. based firm established in California in the U.S. on 12th June 1977. The firm manufactures lingerie and clothes. Its clothes are worn by supermodels and are displayed at fashion shows. It is the largest U.S. lingerie retailer firm and is reputed as a beauty retailer.
➢ Hanesbrands, Inc. (U.S.): The multinational clothing & leading apparel manufacturing firm is based in the U.S. employing nearly 65,000 employees. It has been set up in 1901 with its headquarters in North Carolina, the U.S.
➢ Triumph International Ltd. (Germany): The firm is a leading underwear producer that was founded in Heubach, Germany in 1886. The headquarters of the firm is at Bad Zurzach, Switzerland post-1977 and the organization is spread across 45 countries. It has been a leader in the women’s sleepwear business since 1960.
➢ Calvin Klein Inc. (U.S.): The firm is a U.S. based fashion house that was set up in 1968 in New York, U.S. It operates in leather, home furnishings, ready-to-wear, lifestyle accessories, watches, and perfumery business. It has a major share in the haute couture garments business.
➢ MAS Holdings (Sri Lanka): It is an Asia Firm based in Colombo, Sri Lanka and its inception started in the year 1987. The firm is the largest lingerie manufacturer in South Asia and manufactures apparel ranging from sportswear and swimwear to performance wear.
➢ Bath & Body Works, Inc. (U.S.): The Company was founded by Les Wexner in 1963 in Ohio, USA. It had employed nearly 59,000 employees in 2019. The organization operates in the clothing and fashion accessory manufacturing business. In 2021, it accrued earnings worth approximately USD 11. 81 Bn.
➢ Yandy LLC (U.S.): It was founded in 2007 in Arizona, the U.S. and is an online retailer & fashion designing firm operating in swimwear, lingerie, women’s apparel, and Halloween costumes business.
➢ AEO Management CO. (U.S.): It is located in Pittsburgh, the U.S. in 2020 and operates in apparel accessories & other apparel manufacturing industries. Its parent organization is referred to as American Eagle Outfitters.