Men’s Underwear Market: Global Industry Analysis & Forecast 2015 – –2020 2020
Table of Contents (1/5) 1. Executive Summary 2. Research Methodology 3. Assumptions and Acronyms Used 4. Market Overview 4.1. 4.1. Marke Markett Taxono Taxonomy my 4.2. 4.2. Parent Parent Marke Markett Analysis Analysis – – Global Clothing & Accessories Market, 2010-2020 4.2.1. Global Clothing & Accessories Accessories 4.2.1.1. 4.2.1.1. Market Market Size Forecast Forecast 4.2.1.2. 4.2.1.2. Absolute Absolute $ Opportunity Opportunity 4.2.2. Global Male Vs Female Clothing and Accessories Market Market Comparison, 2010-2020 4.2.2. 4.2.2.1. 1. BPS Analys Analysis is 4.2.2. 4.2.2.2. 2. Y-o-Y Y-o-Y Growth Growth 4.3. Global Men’s Clothing & Accessories Market, (Men’s Clothing, Men’s Swimwear, Men’s Underwear, Men’s Accessories), 2010 -2020 4.3.1. Market Size & Forecast 4.3.2. Absolute $ Opportunity 4.3.3. BPS Analysis (2010,2015,2020) 4.3.4. Y-o-Y Growth Rate Comparison 4.4. Global Men’s Underwear Market Analysis & Forecast (2020 -2020) 4.4.1. Market Size & Forecast 4.4.2. Absolute $ Opportunity 4.5. 4.5. Market Market Dynami Dynamics cs 4.5.1. Market Drivers
Table of Contents (1/5) 1. Executive Summary 2. Research Methodology 3. Assumptions and Acronyms Used 4. Market Overview 4.1. 4.1. Marke Markett Taxono Taxonomy my 4.2. 4.2. Parent Parent Marke Markett Analysis Analysis – – Global Clothing & Accessories Market, 2010-2020 4.2.1. Global Clothing & Accessories Accessories 4.2.1.1. 4.2.1.1. Market Market Size Forecast Forecast 4.2.1.2. 4.2.1.2. Absolute Absolute $ Opportunity Opportunity 4.2.2. Global Male Vs Female Clothing and Accessories Market Market Comparison, 2010-2020 4.2.2. 4.2.2.1. 1. BPS Analys Analysis is 4.2.2. 4.2.2.2. 2. Y-o-Y Y-o-Y Growth Growth 4.3. Global Men’s Clothing & Accessories Market, (Men’s Clothing, Men’s Swimwear, Men’s Underwear, Men’s Accessories), 2010 -2020 4.3.1. Market Size & Forecast 4.3.2. Absolute $ Opportunity 4.3.3. BPS Analysis (2010,2015,2020) 4.3.4. Y-o-Y Growth Rate Comparison 4.4. Global Men’s Underwear Market Analysis & Forecast (2020 -2020) 4.4.1. Market Size & Forecast 4.4.2. Absolute $ Opportunity 4.5. 4.5. Market Market Dynami Dynamics cs 4.5.1. Market Drivers
Table of Contents (2/5) 4.5.1.1. 4.5.1.1. Economic Economic Drivers Drivers 4.5.1.2. 4.5.1.2. Demand Demand Drivers Drivers 4.5.1.3. 4.5.1.3. Supply Drivers Drivers 4.6. Market Market Trends Trends & Opportu Opportunitie nitiess 4.7. 4.7. Marke Markett Rest Restrai raints nts 5. Global Men’s Underwear Market By Region 5.1. 5.1. Intro Introdu duct ctio ion n 5.2. BPS Analysis Analysis (2010,2015 (2010,2015 & 2015) 5.3. 5.3. Y-o-Y Y-o-Y Compari Comparison son 5.3.1. North America 5.3.1.1. 5.3.1.1. Market Market size & Forecast Forecast 2010 2010 –2020 5.3.1.2. 5.3.1.2. Absolute Absolute $ Opportunity Opportunity 5.3.1.3. United Sates and Rest Rest of N. America America Market Size and Forecast and Absolute $ Opportunity 5.3.1.4. 5.3.1.4. Regional Regional Market Market Trends Trends 5.3.1.5. 5.3.1.5. Top 5 Brands Brands with Market Market Share Share 5.3.2. 5.3.2. Latin America 5.3.2.1. 5.3.2.1. Market Market size & Forecast Forecast 2010 2010 –2020 5.3.2.2. 5.3.2.2. Absolute Absolute $ Opportunity Opportunity 5.3.2.3. Mexico, Argentina and Rest of L. America Except Brazil Market Market Size and Forecast and Absolute $ Opportunity 5.3.2.4. 5.3.2.4. Regional Regional Market Market Trends Trends 5.3.2.5. 5.3.2.5. Top 5 Brands Brands with Market Market Share Share 5.3.3. 5.3.3. Europe Europe 5.3.3.1. 5.3.3.1. Market Market size & Forecast Forecast 2010 2010 –2020 5.3.3.2. 5.3.3.2. Absolute Absolute $ Opportunity Opportunity
Table of Contents (3/5) 5.3.3.3. Germany, Italy, France, United Kingdom and Rest of Europe Market Size and Forecast and Absolute $ Opportunity 5.3.3.4. Regional Market Trends 5.3.3.5. Top 5 Brands with Market Share 5.3.4. BRIC 5.3.4.1. Market size & Forecast 5.3.4.2. Absolute $ Opportunity 5.3.3.3. Brazil, Russia, India and China Market Size and Forecast and Absolute $ Opportunity 5.3.4.4. Regional Market Trends 5.3.4.5. Top 5 Brands with Market Share 5.3.5. Japan 5.3.5.1. Market size & Forecast 5.3.5.2. Absolute $ Opportunity 5.3.5.3. Regional Market Trends 5.3.5.4. Top 5 Brands with Market Share 5.3.6. Australia 5.3.6.1. Market size & Forecast 5.3.6.2. Absolute $ Opportunity 5.3.6.3. Regional Market Trends 5.3.6.4. Top 5 Brands with Market Share 5.3.7. Global Men’s Underwear Market Top 20 Brands & Market Share (2014) 6. Global Men’s Underwear Market, By Sales Channel 6.1. Introduction 6.2. BPS Analysis: Online Vs Offline Market Proportion (2010,2015,2020) 6.3. BPS Analysis: Offline Sales Channel Market Proportion (2010,2015,2020)
Table of Contents (4/5) 6.4. Market size & Forecast and Absolute $ Opportunity 6.4.1. Online 6.4.2. Offline (Mass Merchant, Specialty Stores, Mono brand Outlets and Others) 7. Global Men’s Underwear Market By Age Group 7.1. Introduction 7.2. Y-o-Y Comparison 7.3. BPS Analysis 7.3.1. Age group of 15-25 7.3.1.1. Market Size Forecast 7.3.1.2. Absolute $ Opportunity 7.3.1.3. Consumption Driver 7.3.1.4. Favourite Brands & Preferred Fabric 7.3.2. Age group of 26-35 7.3.2.1. Market Size Forecast 7.3.2.2. Absolute $ Opportunity 7.3.2.3. Consumption Driver 7.3.2.4. Favourite Brands & Preferred Fabric 7.3.3. Age group of 36-45 7.3.3.1. Market Size Forecast 7.3.3.2. Absolute $ Opportunity 7.3.3.3. Consumption Driver 7.3.3.4. Favourite Brands & Preferred Fabric 7.3.4. Age group of 46-55 7.3.4.1. Market Size Forecast 7.3.4.2. Absolute $ Opportunity
Table of Contents (5/5) 7.3.4.3. Consumption Driver 7.3.4.4. Favourite Brands & Preferred Fabric 7.3.5. Age group of 55-65 7.3.5.1. Market Size Forecast 7.3.5.2. Absolute $ Opportunity 7.3.5.3. Consumption Driver 7.3.5.4. Favorite Brands & Preferred Fabric 7.4. Average Annual Spending By Age Group 2010 –2020 8. Key Market Strategies
List of Figures (1/1) Figure 1: Global Clothing & Accessories Market Size Forecast (US$ Bn), 2010 –2020 Figure 2: Global Clothing & Accessories Market Absolute $ Opportunity (US$ Bn) 2010 –2020 Figure 3: Global Male Vs. Female Clothing & Accessories Market Value Share & BPS Analysis, (%) 2010, 2015 & 2020 Figure 4: Global Clothing & Accessories Market Y-o-Y Growth Comparison, (%) 2011 –2020 Figure 5: Global Men’s Clothing & Accessories Market Size Forecast (US$ Bn) 2010 –2020 Figure 6: Global Men’s Clothing & Accessories Market Absolute $ Opportunity (US$ Bn) 2010 –2020 Figure 7: Global Men’s Clothing & Accessories Market Value Share & BPS Analysis, By Sub -segment (US$ Bn) 2010, 2015, and 2020 Figure 8: Global Men’s Accessories & Clothing Market Y -o-Y Growth (%) 2011 –2020 Figure 9: Global Men’s Clothing Market Absolute $ Opportunity (US$ Bn) 2010 –2020 Figure 10: Global Men’s Underwear Market Absolute $ Opportunity (%) 2010– 2020 Figure 11: Global Swimwear Market Absolute $ Opportunity (US$ Bn) 2010 –2020 Figure 12: Global Men’s Accessories Market Absolute $ Opportunity (US$ Bn) 2010 –2020 Figure 13: Global Men’s Underwear Market Size Forecast (US$ Mn), 2010 –2020 Figure 15: Men’s Underwear Market Value Share & Basis Points Analysis By Region, 2010, 2015, and 2020 Figure 16: Men’s Underwear Market Y -o-Y Growth Rate Comparison By Region (2011 –2020) Figure 17: North America Men’s Underwear Market Size Forecast (US$ Mn), 2010 –2020 Figure 18: North America Men’s Underwear Market Absolute $ Opportunity (US$ Mn), 2010 –2020 Figure 18: Latin America Men’s Underwear Market Size Forecast (US$ Mn), 2010 –2020 Figure 19: Latin America Men’s Underwear Market Size Forecast (US$ Mn), 2010 –2020 Figure 20: Latin America Men’s Underwear Market Absolute $ Opportunity (US$ Mn) 2010 –2020 Figure 21: Europe Men’s Underwear Market Size Forecast (US$ Mn), 2010 –2020 Figure 22: Europe Men’s Underwear Market Absolute $ Opportunity (US$ Mn), 2010 –2020
List of Figures (1/1) Figure 23: BRIC Men’s Underwear Market Size & Forecast (US$ Mn) (2010 –2020) Figure 24: BRIC Men’s Underwear Market Absolute $ Opportunity (US$ Mn) 2010 –2020 Figure 25 : Japan Men’s Underwear Market Size Forecast (US$ Mn), 2010 –2020 Figure 26: Japan Men’s Underwear Market Absolute $ Opportunity (US$ Mn) 2010 –2020 Figure 27 : Australia Men’s Underwear Market Size Forecast (US$ Mn), 2010 –2020 Figure 28: Australia Men’s Underwear Market Absolute $ Opportunity (US$ Mn) 2010 –2020 Figure 29: North America Men’s Underwear Market Share 2014 (%) Figure 30: Latin America Men’s Underwear Market Share 2014 (%) Figure 31: Europe Men’s Underwear Market Share 2014 (%) Figure 32: Brazil Men’s Underwear Market Share, 2014 (%) Figure 33: Russia Men’s Underwear Market Share, 2014 (%) Figure 34: India Men’s Underwear Market Share, 2014 (%) Figure 35: China Men’s Underwear Market Share, 2014 (%) Figure 36: Australia Men’s Underwear Market Share, 2014 (%) Figure 37: Japan Men’s Underwear Market Share, 2014 (%) Figure 38 : Market Share of Top 20 Brand in Global Men’s Underwear Market 2014 (%) Figure 39: Men’s Underwear Market Value Share & Basis Point Analysis By Sales Channel, 2010, 2015, and 2020 Figure 40: Men’s Underwear Market Value Share & BPS Analysis By Offline Sales Channel, 2010, 2015, and 2020 Figure 41: Men’s Underwear Market Value Share & Basis Point Analysis By Age Group, 2010, 2015, and 2020 Figure 42: Men’s Underwear Market Y-O-Y Growth Rate Comparison By Age Groups
List of Tables (1/1) Table 1: Global Men’s Clothing & Accessories Market Size Forecast, By Product Type (US$ Bn) 2010 –2020 Table 2: North America Men Underwear Market Size Forecast By Region (US$ Mn), 2010 –2020 Table 3: Latin America Men’s Underwear Market size Forecast By Region (US$ Mn) 2010 –2020 Table 4: Europe Men’s Underwear Market By Region (US$ Mn) 2010 –2020 Table 5: BRIC Men’s Underwear Market Size & Absolute $ opportunity, By Region (US$ Mn) 2010 –2020 Table 6: Men’s Underwear Market Size Forecast & Absolute $ Opportunity By Sales Channel, (US$ Mn) 2010 –2020 Table 7: Global Men’s Underwear Market Size Forecast & Absolute $ Opportunity By Age Group (US$ Mn) 2010 –2020 Table 8: Global Men’s Underwear Market Average Annual Spending By Age Group, 2010– 2020 (US $)
Executive Summary (1/2) Global men’s underwear market is anticipated witness an absolute $ opportunity of US$ XX Bn by 2020
Global men’s underwear market is expected to account for xx% of the overall men’s apparel market by 2015 end
PMR forecasts Global men’s underwear market to witness an create absolute $ opportunity of US$ xx Bn by 2020
n B $ S U
Source: PMR, 2015
Source: PMR, 2015
2015E
2020F
Drivers Increasing penetration of organized retail Use of underwear as a style statement than a necessity Improved shopping experience Aggressive advertising by underwear brands
BRIC (Brazil, Russia, India, and China) are emerging economies of the world and are collectively estimated to account for
Restraints High degree of competition Unorganized market in developing countries High brand loyalty
approximately xx% of the total men’s underwear market by 2015 end
Executive Summary (2/2) Some of the top brands in men’s underwear market include, Calvin Klein, Jockey, Fruit of the Loom, Hanes, Diesel and Joe Boxer
Global Men’s Underwear Market Regional Comparison, 2015 US$ 6.75 Bn
2010 (A) North America
Latin America
US$ xx Bn
US$ xxx Bn
2015 (E) BRIC
2020(F) Europe
Source: PMR, 2015 Note: Sum of the values may not add up to 100% due to round off
Key Market Players
Global Men’s Underwear Market Offline Sales Channel Comparison, 2015
Japan
Australia
ROW Source: PMR, 2015
Mass Merchant
Specialty Stores
Monobrand Stores
Others
Research Methodology (3/3) Secondary Research Market Trend and Forecast across Geographies Men’s Underwear Market Trends Men’s Underwear Market Trends across Geographies Men’s Underwear Market Marketing Strategies by Key Geographies Men’s Underwear Market Overview by Key Manufacturers Likely Men’s Underwear Market Prospects Across Key Geographies Men’s Underwear Market Industry Growth Projections Average Spending on Underwear Men’s Underwear Market Market Trend by Age Group
Men’s Underwear
Primary Research
Industry Association Publications
Annual Reports, Publications, and Men’s
Apparel Market Presentations World Bank, and Financial Reports
Men’s Underwear Market
Men’s Underwear Market
Key Sources Referred
Major Drivers and Restraints in Men’s Underwear Market Key Challenges Faced at Manufacturer and Supplier End Key Winning Strategies followed by Players in
Data Analysis
Market Segmentation Based on Sales Channel Type Regional Revenue Split Presence of Players from Unorganized Sector Market Scenario in Developed and Developing Economies Present and Future Market Value Potential Anticipated Growth Projections Market Concentrations Major Players Major Trends by Geography
Men’s Underwear Market
Key Sources
Industry Experts Association Members
Men’s Underwear Market Men’s Underwear Market
Men’s Underwear Market Distributors
Sales Utilized to Arrive at Global Values CAGR and Y-o-Y Growth Used to Arrive at Market Projections
Data Reporting
Industry Experts Players
Size Average Spending of Male Consumer on Underwear & Forecast Historical Trends Examination Statistical Analysis
Qualitative Data & Facts Quantitative Data Market Dynamics
Market Taxonomy
Global Men’s Underwear Market
By Region
North America (U.S.) Latin America (Argentina, Mexico) BRIC (Brazil, Russia, India, China) Europe (Germany, Italy, France, U.K.) Japan Australia
By Age Group
Age group of 15 –25 Age group of 26 –35 Age group of 36 –45 Age group of 46 –55 Age group of 55 –65
By Sales Channel
Online Sales Offline Sale
Mass Merchants Speciality Stores Monobrand Outlets Others
By Market Share of Brands
Global Top 20 Brands Regional Top 5 Brands
Underwear is a component of attire worn under the clothes, typically next to the skin. Typical men’s underwear types include briefs and boxers
Global Clothing & Accessories Market GlobalclothingandaccessoriesmarketisexpectedtoexpandataCAGRofxx%duringtheforecastperiod
Figure 1: Global Clothing & Accessories Market Size Forecast (US$ Bn), 2010 –2020
n B $ S U
Figure 2: Global Clothing & Accessories Market Absolute $ Opportunity (US$ Bn) 2010 –2020
n B $ S U
2010 A
2011 A
2012 A
2013 A
2014 A
2015 E
2016 E
2017 F
2018 F
2019 F
2020 F
2010 A
2011 A
Clothing & Accessories Market
2014 A
2015 E
2016 E
2017 F
2018 F
2019 F
2020 F
Clothing & Accessories Market
Key Takeaways Figure above indicates global clothing and accessories market size between 2010 to 2020
Key Takeaways •
Graph above represents absolute $ opportunity for the global apparel market during the forecast period
Current global market size clothing and accessories is around US$ xxx Bn, which accounts for around xx% of the world GDP
Approximately xx% of the clothing and accessories market is concentrated in Europe, the U.S., China, and Japan
Owing to the increased per capita spending on apparel in developed countries this market is anticipated to grow
2013 A
Source: PMR, 2015
Source: PMR, 2015
•
2012 A
Global clothing and accessories market is anticipated to represent an absolute $ opportunity of US$ xx Bn by 2020 from 2015 Growth rate of apparel consumption in markets in developed regions is expected to slow down as markets in emerging economiess grow. However, per capita spending in developed region is expected to be comparitively higher than that in emerging markets.
Male Vs. Female Clothing & Accessories Market Men’s clothing & accessories market is estimated to account for approximately xx% of the total apparel market; however, this proportion is forecast to increase to xx% by 2020
Figure 3: Global Male Vs. Female Clothing & Accessories Market Value Share & BPS Analysis, (%) 2010, 2015 & 2020
160
200
200
160
2010 (A)
2015 (E)
Figure 4: Global Clothing & Accessories Market Y-o-Y Growth Comparison, (%) 2011 –2020
2020(F)
2011 A
2012 A
Male Female Source: PMR, 2015 Note: Sum of the values may not add up to 100% due to round off
2013A
2014 A
2015 E
Male
2016 F
2017 F
2018 F
2019 F
2020 F
Female
Source: PMR, 2015
Key Takeaways
•
Figure above represents comparison (in terms of value) of the global male Vs. female clothing & accessories market
Global male apparel’s market is anticipated to increase by xxx basis points in 2015 owing to increased spending of men on their looks
Online sale has also contributed towards increase in men’s clothing sale as men who previously avoided shopping can now shop right from their laptops
Key Takeaways
•
Above graph represents Y-o-Y growth rate of male and female clothing and accessories market Male apparel market is expected to register a higher growth rate than that of female apparel
However, the total market potential is expected to remain high in female apparel as compared to men’s
Global Men’s Clothing & Accessories Market Global men’s clothing and accessories market is projected to account for US$ xxxx Bn by 2020
Figure 5: Global Men’s Clothing & Accessories Market Size Forecast (US$ Bn) 2010 –2020
Figure 6: Global Men’s Clothing & Accessories Market Absolute $ Opportunity (US$ Bn) 2010 –2020
n B $ S U
n B $ S U
2010 A
2011 A
2012 A
2013 A
2014 A
2015 E
2016 F
2017 F
2018 F
2019 F
2020 F
2010 A
2011 A
Men's Clothing & Accessories Market
2013 A
2014 A
2015 E
Men's Clothing & Accessories Market
2016 F
2017 F
2018 F
2019 F
2020 F
Absolute $ Opportunity
Source: PMR, 2015
Source: PMR, 2015
Key Takeaways •
2012 A
Above graph indicates global men’s clothing and accessories market from 2010 to 2020 Global men’s clothing market is estimated be worth US$ xxx Bn in 2015, and is anticipated to reach US$ xxx Bn by 2020
Men’s clothing & accessories market is expec ted to register a CAGR of xxx%, during the forecast period
Key Takeaways •
Graph above indicates absolute $ opportunity for the global men’s clothing and accessories market Men’s clothing & accessories market is expected to represent an absolute
$ opportunity of US$ xxx Bn during the forec ast period
Global Men’s Clothing & Accessories Market Global men’s clothing & accessories market expected to expand at a CAGR of xx% during the forecast period
Table 1: Global Men’s Clothing & Accessories Market Size Forecast, By Product Type (US$ Bn) 2010 –2020 2010 (A)
2011 (A)
2012 (A)
2013 (A)
2014 (A)
2015 (E)
2016 (F)
2017 (F)
2018 (F)
2019 (F)
2020 (F)
CAGR
Men’s Clothing
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xx%
Men’s Swimwear
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xx%
Men’s Underwear
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xx%
Men’s Accessories
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xx%
Total
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xx%
Source: PMR, 2015 Note: Sum of the values may not add up to 100% due to round off
Key Takeaways •
Table above indicates current market size and forecast for various sub-segments in the men’s clothing & accessories market
Global men’s clothing & accessories market is estimated to be US$ xx Bn in 2015, and is expected to reach a value of US$ xx Bn by 2020 at a CAGR of xx% Men’s accessories market, which includes shoes, watches, fragrances, and bags is estimated to witness highest CAGR of xx% during the forecast period
Global Men’s Clothing & Accessories Market Men’s underwear is anticipated to account for approximately xx% of the total men’s clothing & accessories market value by 2015 end, and continue to increase steadily till 2020
Figure 7: Global Men’s Clothing & Accessories Market Value Share & BPS Analysis, By Sub-segment (US$ Bn) 2010, 2015, and 2020
Figure 8: Global Men’s Accessories & Clothing Market Y -o-Y Growth (%) 2011 –2020
2
2
Basis points Analysis
2010 (A) Men' s Clot hing
2015 (E) Men' s Swimwe ar
Men's Underwear
2011 A 2012 A 2013 A 2014 A 2015 A 2016 A 2017 A 2018 A 2019 A 2020 A
2020 (F)
Men's Clothing
Men' s Accesories
Source: PMR, 2015 Note: Sum of the values may not add up to 100% due to round off
Graph above indicates global clothing and accessories market sub-segment comparison from 2010 to 2020 Amongst the four segments of the global men’s clothing & accessories market, men’s clothing was largest, representing xx% of the total market in 2010 Men’s underwear contributed xx% of the total men’s clothing and accessories market value in 2015. This market segment is expected to gain 2 BPS, reaching xx% by 2020
Men's Underwear
Men's Accesories
Source: PMR, 2015
Key Takeaways
•
Men's Swimwear
Key Takeaways
•
Graph above indicates Y-o-Y growth rate of various sub-segments under men’s clothing & accessories market In terms of value, the men’s accessories market is expected to grow at a faster pace owing to increase in number of fashion-conscious male consumers globally Global men’s underwear market is also anticipated to grow steadily in terms of value during the forecast period
Global Men’s Clothing & Accessories Market Total global men’s clothing & accessories market is anticipated to represent absolute $ opportunity of US$ xxx Bn by 2020
Figure 9: Global Men’s Clothing Market Absolute $ Opportunity (US$ Bn) 2010 –2020
Figure 10: Global Men’s Swimwear Market Absolute $ Opportunity (%) 2010 –2020
n B $ S U
n B $ S U
2010
2011
2012
Source: PMR, 2015
2013
2014
2015
Men's Clothing Market
2016
2017
2018
2019
2020
Absolute $ Opportunity
2010
2011
Source: PMR, 2015
Figure 11: Global Men’s Underwear Market Absolute $ Opportunity (US$ Bn) 2010 –2020
2012
2013
2014
2015
Men's Swimwear Market Market
2016
2017
2018
2019
2020
Absolute $ Opportunity
Figure 12: Global Men’s Accessories Market Absolute $ Opportunity (US$ Bn) 2010 –2020
n B $ S U
n B $ S U
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020 2010
Men's Underwear Market Source: PMR, 2015
2011
Absolute $ Opportunity Source: PMR, 2015
2012
2013
2014
Men's Accessories Market
2015
2016
2017
2018
Absolute $ Opportunity
2019
2020
Economic Drivers Increasing penetration of organized retail formats across the world will drive the global men’s underwear market
1
2
3
Increased spending on fashion worldwide
Growing disposable income and rising number of metrosexual men is increasing consumer spending on fashion products Underwear is considered as an essential part of clothing and most men prefer premium branded underwear that offer better fit and comfort
Mass production
Big players in the market generally outsource production to manufacturers in developing countries to benefit from economies of scale Low manufacturing Sample costs and high volume production enable established brands to offer underwear at competitive prices to drive sales
Penetration of organized retail worldwide
Organized retail penetration was estimated at around 9% over the last five years
Penetration of mono-brand and multi-brand outlets worldwide is driving sales of branded clothing products such as underwear
Global Trends Monthly subscription service for underwear is a trend emerging in the men’s underwear market
Highlights
Scenario
Functional Underwear
Functional underwear offer features such as odor control, moisture management, fashionable waistband, and better support as compared to conventional underwear. These are preferred by sportsmen, but are gaining popularity among other sections among the male population.
X-BIONIC — a Swiss-based adventure clothing company — offers a unique functional underwear with 3D biosphere system for better sweat evaporation
Sample Online Purchase & Timespecific Subscription Services
Monthly/quarterly subscription service is a new trend in online retail of underwear, wherein, retailers offer to supply subscribers underwear on a monthly or quarterly basis
Birdbrief.com (Austin) and Meundies.com (Los Angeles) — U.S.-based underwear manufacturer — provide monthly or quarterly supply of underwear according to consumer preference
Global Men’s Underwear Market By Region Among all regions, BRIC and North America have accounted for highest revenue share in the past, and this trend is anticipated to continue over the forecast period
Global Men’s Underwear
Market Value, By Region, 2010, 2015, and 2020 (US $ Mn)
Global Men’s Underwear Market
North America
Latin America
BRIC
Europe
Japan
Australia
Others
Market Value (2010A)
US$ xxx Mn
US$ xxx Mn
US$ xxx Mn
US$ xxx Mn
US$ xxx Mn
US$ xxx Mn
US$ xxx Mn
Market Value (2015E)
US$ xxx Mn
US$ xxx Mn
US$ xxx Mn
US$ xxx Mn
US$ xxx Mn
US$ xxx Mn
US$ xxx Bn
Market Value (2020F)
US$ xxx Mn
US$ xxx Mn
US$ xxx Mn
US$ xxx Mn
US$ xxx Mn
US$ xxx Mn
US$ xxx Bn
CAGR (2015– 2020)
xx%
xx%
xx%
xx%
xx%
xx%
xx%
Source: PMR, 2015 Note: Sum of the values may not add up to 100% due to round off
Men Underwear Market Proportion By Region Markets in BRIC is expected to account for a major chunk of revenue generated by men’s underwear market during the forecast period
Figure 15: Men’s Underwear Market Value & Basis Points Share Analysis By Region, 2010, 2015, and 2020
Key Takeaways
-100 -10 +30
-60
Amongst
+220
Figure 15 represents market share & BPS analysis for regions on the basis of segments of the global men’s underwear market for 2010, 2015, and 2020 the five regions, BRIC is the largest in terms of share, representing xx% of the total men’s underwear market in 2015 registering CAGR of xx%. While Europe is not the fastest growing segment, though it is estimated to account for xx% of the total men’s underwear market by 2015 end.
Latin
America markets (Mexico & Argentina) are estimated to contribute approximately xx% of the total revenue of the men’s underwear market by 2020
-30 -130 2010 (A)
North America Source: PMR, 2015
Latin America
2015 (E)
BRIC
2020(F)
Europe
Japan
Basis points Analysis Australia
ROW
North America Men’s Underwear Market North America men’s underwear market is estimated to expand at a healthy CAGR of xx% during the forecast period
Figure 17: North America Men’s Underwear Market Size Forecast (US$ Mn), 2010 –2020
Figure 18: North America Men’s Underwear Market Absolute $ Opportunity (US$ Mn), 2010 –2020
n M $ S U
n M $ S U
2010 A
2011 A
2012 A
2013 A
2014 A
2015 E
2016 F
2017 F
2018 F
2019 F
2020 F
2010 A
2011 A
Global Men's Underwear Market
2014 A
2015 E
North America Men's Underwear Market
Key Takeaways Graph above indicates North America men’s underwear market from 2010 to 2020
2013 A
2016 F
2017 F
2018 F
2019 F
2020 F
Absolute $ Opportunity
Source: PMR, 2015
Source: PMR, 2015
•
2012 A
North America men’s underwear market accounted for US$ 1xxx Mn in 2010, which is expected to increase to US$ xxx Mn in 2020 at a CAGR of xx% from 2015 to 2020
Key Takeaways
•
Graph above highlights estimated absolute $ opportunity for the men’s underwear market
North America men’s underwear market is estimated to witness a robust growth rate and represent absolute $ opportunity of US$ xxx. Mn during the forecast period
North America Men’s Underwear Market Split By Region Table represents North America’s men’s underwear market size & absolute $ opportunity by region
Table 2: North America Men Underwear Market Size and Forecast By Region (US$ Mn), 2010 –2020 North America
Market Analysis
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
CAGR
Market Size & Forecast
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xx%
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
U.S. Absolute $ Opportunity
Market Size & Forecast
xxxx
xx%
Other North America Absolute $ Opportunity
Market Size & Forecast
xxxx
Total Absolute $ Opportunity Source: PMR, 2015 Note: Sum of the values may not add up to 100% due to round off
xx%
North America: Men Underwear Market Trends Due to high obesity rates, plus-size underwear market is booming in North American countries
1
2 Willingness to pay more for natural fabric products than synthetic ones
Plus Size Underwear
Research shows that preference for cotton-based underwear is more preferred among consumers in North America than other materials
Over two-thirds of the population . the U.S. is overweight or obese, in and this rate has doubled in recent years
Consumers in the U.S. prefer cotton and cotton blend based products (or any organic material) owing to the various advantages offered
Sample
This has made North America an attractive market for plus-size lingerie and underwear
Market Share of Brands By Region Hanes holds around xx% of total share in North America’s men’s underwear market, while Rinbros accounts for xx% share in the market in Latin America Figure 29: North America Men’s Underwear Market Share 2014 (%)
Figure 30: Latin America Men’s Underwear Market Share 2014 (%)
Sample
Hanes
Fruit of the Loom
Calvin Klein
Joe Boxer
Jockey
Others
Source: PMR, 2015
Ribros
Fruit of the Loom
Playboy
Hanes
Calvin Klein
Others
Source: PMR, 2015
Note: Rinbros is owned by Hanesbrand Inc.
Introduction Underwear is sold through a variety of retail sales channel and offline retail accounts for more than 85% of the total sales for men’s underwear during 2020
Online Retail
Speciality Stores
Mass Merchants
Sample
Online retail includes sale through websites and online stores Online sale offers convenience of a wider range of choices for shopper and popularity of this channel is growing at a rapid pace
Mass merchants are major retailers that sell a variety of goods and are not limited to a specific product category This channel typically includes supermarkets and hypermarkets and discounts stores
Specialty stores are those that offer s specific product category such as clothing These stores offer a variety of underwear brands under a single roof
Introduction Monobrand outlets are penetrating the underwear market at a rapid pace, and this strategy Enables a brand to gain significant recognition due to increased visibility
Other Offline Retailers
Monobrand Outlets
Monobrand outlets are chain stores owned by company under their brand name These outlets have a specific design which is consistent in all stores Their main intention is to get consumers closer to the brand and generate brand loyalty
Sample
These include unorganized retail format
The mode is more popular particularly in emerging market such as India, where organized retail penetration is low
Men’s Underwear Market Y-o-Y Growth Comparison, By Age Group Consumer aged between 55-65 are anticipated to witness high growth rate during the forecast period Figure 42: Men’s Underwear Market Y-O-Y Growth Rate Comparison by Age Groups
Key Takeaways
8.0% 7.1% 7.2%
7.0% 6.4%
7.0%
6.2% 6.0%
6.2%
6.3%
The
6.6%
5.9%
6.6% 6.0%
6.0%
6.3%
6.2%
5.1% 4.6%
5.2%
4.9%
6.4% 5.6%
5.4%
5.4% 5.0%
6.5% 6.2%
6.3% 6.1% 5.6%
5.7% 5.2%
5.4%
5.3% 5.6%
5.0%
4.9%
5.1%
4.8%
4.7% 4.7%
4.4%
4.0%
4.2%
3.8%
3.9%
3.8%
3.3%
2.6%
2.7%
2.0% 2 01 0( A)
2 01 1( A) 15-25
Source: PMR, 2015
2 01 2( A)
2 01 3( A) 26-35
2 01 4( A)
2 01 5( E)
36-45
Other
factors driving market growth include urbanization and rapid improvement in life expectancy of both males and females. In 2013, average lifespan was estimated to be approximately 71 years for males and 73 years for females against 68 for females and 66 for males in 2001. Aging population has emerged as a major demographic trend in the world.
Sample
the between 26 and 36-years age group cannot be overlooked, as they are the new game changers. This segment leads the fashion industry by setting new trends and revenue contribution from this segment is anticipated to increase at a steady rate of approximately 5% to 6% during the forecast period.
3.2%
3.4%
3.0%
55 to 65-year age group is the fastest growing segment due to increasing aging population. This can mainly be attributed to fertility decline amongst both men and women, (fertility rate for women is approximately 2.4 in 2014, which was 2.5 in 2004)
However,
3.4%
3.0%
Figure 42 highlights growth rate of various age groups of consumers in global men’s underwear market between 2010 and 2020
2 01 6( F) 46-55
2 01 7( F)
2 01 8( F) 55-65
2 01 9( F)
Men’s Underwear Market : Age group of 15–25 Key players such as Jockey, are targeting 15– 25 aged consumers by promoting their products on social media websites
Preferred Fabric
Consumption Drivers
1. Cotton & Microfiber
Wearing to Impress
This age group includes teenagers as well as young adults. Consumers in this age group experience changes in life and are always conscious about their physical appearance.
Sample
Known for moisture wicking properties Lightweight and durable Match qualities of natural fibers
Sample
Targeting this age group would require launching of fashionable underwear brands and designs that can enhance appearance
Preferred Brands
Effect of Social Media
Statistics show that males aged between 15 and 25years account for approximately 21% of social media users globally
In 2013, major underwear brand Jockey International asked women on instagram to post photos of their male friends watching football on weekends promote #GuysOnSunday, a sporty underwear line launched recently
Sample
Sample