# The Underwear Market To Witness Calculated Innovation Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2021-11-12 Category: Research Reports Category URL: https://financedigest.com/category/research-reports Meta Title: Men's Underwear Market Growth Forecast to Hit US$ 23 Bn by 2031 Meta Description: Discover the projected growth of the men's underwear market at a CAGR of 6.3%. Explore trends, segments, and major players in the industry. Request URL: https://financedigest.com/the-underwear-market-to-witness-calculated-innovationhtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/research-report-1-13-1736837377946-compressed.jpg) The men’s underwear market is anticipated to progress at a healthy **CAGR of 6.3%** to account for **US$ 23 Bn** by the end of 2031, up from the current valuation of **US$ 12.5 Bn**. There are generally two types of men’s undergarments; one type covers the torso and the other covers the waist and legs. For undershirt, we include vest, sleeved vest and muscle vest. For briefs, we include regular briefs, trunk and boxer shorts. Long underwear is preferred to offer extra warmth to wearers during winters. **To remain ‘ahead’ of your competitors, request for a samples@** [**https://www.persistencemarketresearch.com/samples/3465**](https://www.persistencemarketresearch.com/samples/3465) Growing disposable income, preference for branded underwear that offer better fit and comfort are [major factors](https://www.financedigest.com/the-stir-to-be-different-a-major-factor-of-growth-of-the-plantbased-meat-market.html "The Stir To Be Different A Major Factor Of Growth Of The Plantbased Meat Market") fueling demand for premium underwear, thereby driving the growth of the men’s underwear market. However, a high degree of competition and unorganized market in developing countries are major factors hampering the growth of the overall [men’s underwear](https://www.financedigest.com/the-us-womens-lingerie-and-mens-underwear-market-to-be-driven-by-the-non-stoical-approach.html "The Us Womens Lingerie And Mens Underwear Market To Be Driven By The Non-Stoical Approach") market. On the basis of distribution channel, the [market has been segmented into online sales](https://www.financedigest.com/synthetic-quartz-market-sales-is-driven-by-increasing-growth-in-manufacturing-and-construction-sectors.html "Synthetic Quartz Market Sales Is Driven By Increasing Growth In Manufacturing And Construction Sectors") and offline sales, where offline sales are further sub-segmented into the mass merchant, specialty store, mono-brand store and others. The online sales segment accounted for a substantial share of the global [men’s underwear market](https://www.financedigest.com/the-us-mens-underwear-and-womens-lingerie-market-to-scintillate-based-on-the-influx-of-offbeat-ideas.html "The Us Mens Underwear And Womens Lingerie Market To Scintillate Based On The Influx Of Offbeat Ideas") in 2021 and is expected to register the fastest CAGR over the forecast period. Mass merchant sub-segment is expected to account for a dominant [market share](https://www.financedigest.com/ophthalmic-devices-market-share-to-exhibit-steady-growth-in-the-coming-decade.html "Ophthalmic Devices Market Share to Exhibit Steady Growth in the Coming Decade") in 2021. **To connect with our sales representative@** [**sales@persistencemarketresearch.com**](mailto:sales@persistencemarketresearch.com) [Key market players covered in this report](https://www.financedigest.com/prefabricated-homes-market-report-2021-by-global-key-players-types-applications-countries-market-size-forecast-to-2029.html "Prefabricated Homes Market Report 2021 By Global Key Players, Types, Applications, Countries, Market Size, Forecast To 2029") are Hanesbrands Inc., Philips-Van Heusen Corporation, Ralph Lauren Corporation, Jockey International Inc., American Eagle Outfitter Inc., Iconix Brand Group Inc., J.C. Penny Corporation, Inc. and Berkshire Hathaway Inc. Major players in the men’s underwear [market focus](https://www.financedigest.com/powder-dispenser-market-market-2019-2029-where-should-participant-focus-to-gain-maximum-roi.html "Powder Dispenser Market Market (2019 – 2029) | Where Should Participant Focus To Gain Maximum ROI ") on enhancing their global and regional presence through acquisitions and mergers and operational expansion. **For in-depth [competitive analysis](https://www.financedigest.com/liquid-smoke-market-growth-future-prospects-and-competitive-analysis-2022-to-2032.html "Liquid Smoke Market Growth, Future Prospects And Competitive Analysis 2022 to 2032"), buy now@** [**https://www.persistencemarketresearch.com/checkout/3465**](https://www.persistencemarketresearch.com/checkout/3465) **Read More Trending “PMR Exclusive Article”** - **Global Market Study on Men’s Grooming Products:** [**https://www.persistencemarketresearch.com/market-research/mens-grooming-products-market.asp**](https://www.persistencemarketresearch.com/market-research/mens-grooming-products-market.asp) - **Global Market Study on Makeup Remover Products:** [**https://www.persistencemarketresearch.com/market-research/makeup-remover-products-market.asp**](https://www.persistencemarketresearch.com/market-research/makeup-remover-products-market.asp) **About us:** [**Persistence Market Research**](https://www.persistencemarketresearch.com/about-us.asp) **Contact us:** [**Persistence Market Research**](https://www.financedigest.com/persistence-market-research-has-published-the-new-report.html "Persistence Market Research has published the new report") Address – 305 Broadway, 7th Floor, New York City, NY 10007 [United States](https://www.financedigest.com/united-states-to-account-for-30-of-global-reinforced-thermoplastic-pipes-market-demand-through-2031.html "United States to Account for 30% of Global Reinforced Thermoplastic Pipes Market Demand Through 2031") U.S. Ph. – +1-646-568-7751 USA-Canada Toll-free – +1 800-961-0353 **Sales** – sales@persistencemarketresearch.com --- This blog is powered by Superblog. 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