Global Luxury Underwear Market Size By Type (Men’s Underwear, Women’s Underwear), By Distribution Channel (Online Sales, Independent Retailers), By Geographic Scope And Forecast

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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Global Luxury Underwear Market Size By Type (Men’s Underwear, Women’s Underwear), By Distribution Channel (Online Sales, Independent Retailers), By Geographic Scope And Forecast

Luxury Underwear Market Size And Forecast

Luxury Underwear Market size was valued at USD 15.89 Billion in 2024 and is projected to reach USD 25.13 Billion by 2031, growing at a CAGR of 5.9% from 2024 to 2031.

Changing consumer preferences and innovation and technology play a pivotal role in driving the demand for luxury underwear are the factors driving market growth. The Global Luxury Underwear Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Luxury Underwear Market Definition

Luxury underwear refers to a category of intimate apparel that is characterized by premium quality, exceptional craftsmanship, and a focus on providing not only functional undergarments but also a heightened sense of comfort, style, and sophistication. Luxury underwear goes beyond the basic, utilitarian purpose of underwear and places a strong emphasis on design, materials, and the overall experience of wearing it.

Luxury underwear is often made from the finest and most luxurious materials, such as silk, fine lace, high-thread-count cotton, cashmere, and fine wools. These materials offer superior comfort and durability. Luxury underwear, often synonymous with premium quality, comfort, and sophistication, caters to individuals seeking not just functional undergarments but a heightened sense of style, confidence, and self-expression. It represents a fusion of fashion, function, and self-indulgence, making it a thriving and influential segment of the global clothing industry. As consumers increasingly prioritize personal comfort, aesthetics, and self-care, the Luxury Underwear Market has witnessed significant growth and innovation.

The concept of luxury underwear has deep historical roots, dating back centuries when aristocrats and nobility commissioned custom-made undergarments. Over time, luxury underwear evolved, becoming more accessible to a broader audience while retaining its aura of exclusivity. Luxury underwear is crafted with meticulous attention to detail. Skilled artisans are involved in the production process to ensure a perfect fit and exceptional finish. Luxury underwear is designed to provide an exceptional level of comfort and a perfect fit. This includes features such as seamless designs, supportive structures, and soft, non-irritating materials.

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Global Luxury Underwear Market Outlook

Consumer preferences have undergone a fundamental transition in the ever-changing luxury underwear sector. This shift is defined by a changing way of thinking about intimate clothing, one that places an emphasis on improved quality, increased comfort, and heightened style. Customers are more likely to spend money on high-end items that satisfy their fundamental practical needs for underwear while also exuding a unique sense of comfort and luxury as they get more discriminating and fashion-conscious. Today’s customers have higher expectations for the quality of their intimate clothing.

They look for underwear that offers a constant degree of comfort and fitness in addition to being durable. Superior craftsmanship, premium materials, and painstaking attention to detail are now critical factors in their decisions. Underwear is not just hidden behind outer clothing in today’s fashion-conscious society; it is a crucial component of personal style. Consumers are increasingly looking for underwear that matches their overall fashion selections and aligns with their aesthetic tastes. This change emphasizes the significance of intricate design, aesthetic features, and fashionable options in the luxury underwear segment.

The global Luxury Underwear Market is being propelled by several key drivers. Firstly, increasing disposable income levels, especially in emerging economies, have provided consumers with the financial capacity to invest in luxury goods, including high-end underwear. As people have more spending power, they are more inclined to allocate a portion of their budget to premium intimate apparel. Secondly, emerging markets, particularly in Asia, have witnessed a surge in demand for luxury underwear.

As economies grow and lifestyles evolve, there is an increasing appetite for premium clothing, including intimate apparel. The global nature of fashion trends has expanded the market’s reach. Additionally, some luxury underwear brands offer personalization and customization options, allowing customers to have unique, tailored pieces. This customization trend enhances the desirability of luxury underwear by giving consumers a sense of exclusivity and individuality. These factors collectively contribute to the market’s growth and evolution.

The most viable future market opportunity for luxury underwear is likely to revolve around the convergence of several key trends and factors. These opportunities present growth potential for manufacturers, retailers, and investors in the industry. As sustainability continues to be a critical concern, there is a growing opportunity for luxury underwear brands to focus on eco-friendly materials, ethical production practices, and sustainable packaging.

Consumers are increasingly seeking environmentally responsible choices, creating a demand for luxury underwear with a strong sustainability focus. The industry has been moving toward greater inclusivity and body positivity. Future opportunities lie in catering to diverse body types and offering a wider range of sizes and styles to meet the needs of a more extensive consumer base. Brands that embrace these principles can tap into a more diverse and inclusive market.

Global Luxury Underwear MarketSegmentation Analysis

The Global Luxury Underwear Market is segmented on the basis of Type, Distribution Channel, and Geography.

Luxury Underwear Market, By Type

  • Women’s Underwear
  • Men’s Underwear

To Get a Summarized Market Report By Type-

Based on Type, The market is segmented into Women’s Underwear and Men’s Underwear. Women’s Underwear accounted for the largest market share in 2022. Women’s Underwear has emerged as the dominant segment in the Global Luxury Underwear Market, accounting for the greatest market share. This can be attributable to a variety of things. Briefs, panties, bras, shapewear, lingerie, and more forms of women’s underwear are available. Because of the wide number of items available, it is a diverse market category that appeals to a wide spectrum of consumers. Furthermore, women’s underwear frequently reflects the current fashion trends and patterns. Women’s fashion’s ever-changing scene creates desire for fresh and inventive underwear styles. Women are more likely to invest in underwear that compliments their outerwear and conforms to current fashion trends.

Luxury Underwear Market, By Distribution Channel

  • Supermarkets/Hypermarkets
  • Online Sales
  • Independent Retailers
  • Convenience Stores
  • Others

Based on Distribution Channel, The market is segmented into Supermarkets/Hypermarkets, Online Sales, Independent Retailers, Convenience Stores, and Others. Supermarkets/Hypermarkets accounted for the largest market share in 2022. Supermarkets/Hypermarkets accounted for the largest market share in the global Luxury Underwear Market, primarily due to these represent large shopping complexes or malls that host a variety of individual brand stores, boutiques, and high-end department stores. These include dedicated luxury underwear brand stores among their tenants. These supermarkets/hypermarkets provide a centralized shopping experience, offering a variety of products and brands to consumers.

Luxury Underwear Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

To Get a Summarized Market Report By Geography-

Based on Geography, The Global Luxury Underwear Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Europe accounted for the largest market share in 2022. This dominance can be attributed to several key factors First, Europe has a long-standing history of fashion and luxury, with iconic fashion capitals like Paris, Milan, and London. This heritage has cultivated a culture of design excellence and sophistication, which extends to the production of luxury underwear.

European fashion houses and designers have set high standards for quality, craftsmanship, and innovation, making European luxury underwear highly sought after. Second, the region is home to many globally renowned luxury fashion brands that have diversified their product offerings to include luxury underwear. These well-established brands have a strong presence in the global market, benefiting from their brand recognition and reputation for quality and style. This has allowed them to capture a significant market share in the luxury underwear sector. Collectively, these factors contribute to Europe’s leadership in the global Luxury Underwear Market.

Key Players

The “Global Luxury Underwear Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are The Calida Group, Victoria’s Secret, Calvin Klein Inc., Bordelle, Kisskill, Fleur of England, Agent Provocateur, Pleasurements, Lise Charmel, Carine Gilson, HUNKEMÖLLER, LA PERLA, and Bluebella.

Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

Report Scope

REPORT ATTRIBUTESDETAILS
Study Period

2021-2031

Base Year

2024

Forecast Period

2024-2031

Historical Period

2021-2023

Unit

Value (USD Billion)

Key Companies Profiled

Calida Group, Victoria’s Secret, Calvin Klein Inc., Bordelle, Kisskill, Fleur of England, Agent Provocateur, Pleasurements, Lise Charmel.

Segments Covered
  • By Type
  • By Distribution Channel
  • By Geography
Customization Scope

Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope.

Research Methodology of Market Research

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Reasons to Purchase this Report

  • Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors.
  • Provision of market value (USD Billion) data for eac

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