Men’s Underwear Market Size, Share & Trends Report

Men’s Underwear Market Size, Share & Trends Analysis Report By Type (Briefs, Boxer Brief, Trunks, Boxers), By Fabric (Cotton, Polyester, Modal, Nylon), By Region, And Segment Forecasts, 2019 - 2025

  • Published Date: Jul, 2019
  • Base Year for Estimate: 2018
  • Report ID: GVR-3-68038-349-2
  • Format: Electronic (PDF)
  • Historical Data: 2015 - 2017
  • Number of Pages: 80

Industry Insights

The global men’s underwear market size was valued at USD 10.14 billion in 2018 and is expected to register a CAGR of 5.3% from 2019 to 2025. Increasing awareness about health, best fit, and personal hygiene coupled with growing millennials population is expected to drive the growth. Increasing availability of a wide range of products and designs suitable for various purposes including sports, regular wear, and functional wear among other is anticipated to further fuel the product demand.

Improving fashion trends, increasing disposable income, and changing consumer lifestyle and preferences are expected to boost the market growth. Increasing concern regarding the fabric used for manufacturing underwear is one of the major factors driving the market. Availability of products in a variety of fabrics such as cotton, polyester, nylon, rayon, silk, and cotton blends is driving the product demand. Manufactures focus on intimate product designs and patterns such as thongs, C-string, tanga, and jockstraps among others to cater to a larger consumer base.

U.S. men underwear Market

Millennials are driving the demand in the men’s underwear market as they are more receptive to new and different products than other generations. High demand for new and innovative products in terms of color, fabric, print, and style among millennials is creating opportunities for the manufactures. Introduction of products with new color shades by brands such as Jockey, Garçon Model, and N2N among others is anticipated to encourage consumers to choose products other than the conventional hues. Rise in modern retailing stores such as supermarkets, specialty stores, pharmacies, and discounters is projected to propel the product visibility and reach.

Companies are focusing on R&D to make products suitable for all shapes and sizes. Innovation in advance tailoring along with new fabric types such as modal, viscose or merino wool, help reduce moisture and regulate temperature, is driving the market competition. For Instance, Saxx offers 3D hammock shaped pouches that prevent friction caused by skin-against-skin with the help of mesh panels and unexposed stitching to avoid chafing. They have also created a 3D shaping around thighs, glutes, hamstring, and quads by using nine panels of fabric for better fit, feel, and functionality.

Type Insights

Boxer brief held the largest market share of around 33.0% in 2018, owing to the factors such as better fit, support, and comfort offered by the product. This type of underwear are designed to imitate tapered boxers with a snug fit while offering the comfort of briefs. The products are also available with numerous pouch options, for example, the contour pouch by Calvin Kelvin. Boxer briefs are available in a wide range of fabrics such as cotton, microfiber blends, and polyamide with the right amount of spandex for correct stretch, which makes them more comfortable.

Trunks is estimated to register the fastest CAGR of 5.7% from 2019 to 2025. Trunks are gaining popularity among millennials and Generation X as they are more versatile and suitable for everyday wear including dressing up and even sportswear. Trunks are lean and shorter than boxer briefs which allows the legs and thighs to look muscular and slimmer. This factor is driving the popularity of these products among younger generation. Trunks are the best for fit for sports, water adventures, as well as everyday wear, which is projected to drive the product demand.

Fabric Insights

Cotton fabric underwear is held the largest market share of around 68.0% in 2018. The growth is attributed to the properties of cotton that make the product soft, lightweight, and more breathable. Consumers prefer cotton fabric over others as they provide comfort, high absorbency, and resistance to moisture. Moreover, they are more durable as it withstand heat, detergents, and even bleach, which makes them more economical.

Global men underwear Market

Modal fabric is anticipated to register the fastest CAGR of 5.6% over the forecasted period. It is a type of rayon and second generation regenerated cellulosic fiber which is around 50% more absorbent than cotton. It is the softest fabric in the segment. Shrink resistance, high wet strength, and absorbent properties of the fabric make it more durable during multiple washes and even tumble drying. Modal fabric can be easily dyed in vivid colors, making it more versatile. The softness, lightweight, and top-notch ventilation offered by the product provides luxury feel, influencing the purchasing decision of consumers.

Regional Insights

Asia Pacific is the largest and fastest growing market for men’s underwear with a market share of approximately 40% in 2018 and a projected CAGR of 5.9% over the forecast period. The high demand can be attributed to the high male population in the region. China and India accounted for the male population of 714 million and 694 million respectively in 2017. Together these countries hold a regional market share of more than 70.0%. India is expected to register the fastest growth as many international players such as Jockey, Hanes, and Calvin Kelvin are increasing their regional presence to cater to the consumers demand for comfortable and premium underwear.

Europe and North America markets are majorly driven by the presence of prominent players and high demand for different fabrics, designs, and patterns. Companies are focusing more on innovation and quality of designs and fabrics. High preference for premium brands as well as limited editions in North America and Europe have contributed to the significant growth of the global market.

Men’s Underwear Market Share Insights

Key market players are Phillips-Van Heusen Corporation; Hanesbrands Inc.; Jockey International Inc.; Ralph Lauren Corporation; Levi Strauss & Co.; American Eagle Outfitters Inc.; Naked Brand Group Inc.; Perry Ellis International Inc.; HUGO BOSS; and Berkshire Hathaway Inc. (Fruit of the Loom). Companies focus on product innovations to meet the rising product demand and to set trends. Strategic initiatives such as mergers and acquisitions help the key players gain foothold in the developing economies.

Report Scope

Attribute

Details

Base year for estimation

2018

Actual estimates/Historical data

2015 - 2017

Forecast period

2019 - 2025

Market representation

Revenue in USD Million & CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America & MEA

Country scope

U.S., U.K., Germany, China, India, Brazil, Saudi Arabia

Report coverage

Revenue forecast, company share, competitive landscape, growth factors and trends

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2015 to 2025. For the purpose of this study, Grand View Research has segmented the global men’s underwear market report on the basis of type, fabric, and region:

  • Type Outlook (Revenue, USD Million, 2015 - 2025)

    • Briefs

    • Boxer Brief

    • Trunks

    • Boxers

    • Others

  • Fabric Outlook (Revenue, USD Million, 2015 - 2025)

    • Cotton

    • Polyester

    • Modal

    • Nylon

    • Others

  • Regional Outlook (Revenue, USD Million, 2014 - 2025)

    • North America

      •  U.S.

    •  Europe

      • U.K.

      •  Germany

    • Asia Pacific

      • India

      • China

    • Central & South America

      •  Brazil

    • Middle East & Africa (MEA)

      • Saudi Arabia

Key questions answered by the report
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