The latest market report published by Credence Research, Inc. “Global Luxury Lingerie Market: Growth, Future Prospects, and Competitive Analysis, 2015 – 2027”. The Global Luxury Lingerie Market generated revenue of around USD 4,726.3 million in 2020 and is anticipated to grow at a CAGR of over 8.23% during the forecast period from 2021 to 2027 to reach around USD 8,734.0 million in 2027. While, cumulative growth opportunity presented by the global Luxury Lingerie is around USD 50,217 million during 2021 to 2027.
Global Luxury Lingerie Market, 2020 – 2027 (USD Million)
Browse the full report at https://www.credenceresearch.com/report/luxury-lingerie-market
Comfort is a major factor when it comes to purchasing lingerie, as is quality and hygiene. For instance, wearing underwear that is too small or too big can actually, physically, harm you. Generally, experts would advise going and trying on items before making the purchase. But with millions of women working from home, sales of non-wires bras, at-leisure loungewear and zero-feel panties have been skyrocketing online – approximately 40% more than in 2019! Suffice to say, lingerie has transformed from a necessity to a luxury. In fact, with so many different kinds of lingerie available to complement so many different kinds of bodies, it is now a fashion statement.
Bra Accounted for Over 45% share in 2020
Bra, Knickers & Panties, Lounge Wear and Shape Wear are major types of Luxury Lingerie market. Padded, push up, sports, strapless, balcony are some of the important types of Bra. Knickers & Panties segment is also one of the leading segments in global Luxury Lingerie market and expected to grow at an attractive CAGR.
Online Distribution Channel to Grow at Rapid Pace
Supermarkets & Hypermarkets, Convenience Stores, Specialty Stores and Online are some of the most widely used distribution channels in global Luxury Lingerie market. Supermarkets & Hypermarkets dominate the Luxury Lingerie market with over 35% share in 2020. However, online distribution channel for Luxury Lingerie is growing popularity with significant gain in marker share during the past five years.
Focus on Innovative Materials
Spandex, Cotton, Silk, Nylon, Rayon and Others (Bamboo, Linen, and Technical Fabrics) are some of the important materials used in manufacturing of Luxury Lingerie. Cotton and Lavish Silks are widely popular among women across the world. However, Linen and technical textile is also growing at a lucrative CAGR. Comfort is major parameter while buying Luxury Lingerie along with advanced features such as enhanced moisture absorption and odor reducing properties of the material.
Being Consistent with Trends is Key to Success for the Industry Participants
Embry Form, La Perla, Armani, Wolford, Victoria’s Secret, Jockey, LaSenza, DKNY, Enamor, Maniform, Wacoal Holdings, Gujin, Calvin Klein, Hanes, Fruit of the Loom, Etam, Chantelle, etc. are some of the leading industry participants. Luxury Lingerie is very dynamic and buyers’ preferences changes frequently and regionally. Hence, keeping pace with end-users’ choice and trends is crucial for the companies involved in global Luxury Lingerie market. For instance, Lace is one of the top words used while searching for Luxury Lingerie followed by cotton and seamless. Hence, considering this manufacturer have to change their offering to be in line with current trends.
Global Luxury Lingerie Market by Type, 2015 – 2027
- Knickers & Panties
- Lounge Wear
- Shape Wear
Global Luxury Lingerie Market by Material, 2015 – 2027
- Others (Bamboo, Linen, and Technical Fabrics)
Global Luxury Lingerie Market by Distribution Channel, 2015 – 2027
- Supermarkets & Hypermarkets
- Convenience Stores
- Specialty Stores
Global Luxury Lingerie Market by Company, 2015 – 2027
- Calvin Klein
- Embry Form
- Victoria’s Secret
- Wacoal Holdings
- La Perla
- Fruit of the Loom