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Mens Underwear Market: Global Industry Analysis &

Forecast 20152020

2015 Persistence Market Research, All Rights Reserved

Table of Contents (1/5)


1. Executive Summary
2. Research Methodology
3. Assumptions and Acronyms Used
4. Market Overview
4.1. Market Taxonomy
4.2. Parent Market Analysis Global Clothing & Accessories Market, 2010-2020
4.2.1. Global Clothing & Accessories
4.2.1.1. Market Size Forecast
4.2.1.2. Absolute $ Opportunity
4.2.2. Global Male Vs Female Clothing and Accessories Market Comparison, 2010-2020
4.2.2.1. BPS Analysis
4.2.2.2. Y-o-Y Growth
4.3. Global Mens Clothing & Accessories Market, (Mens Clothing, Mens Swimwear, Mens Underwear, Mens 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 Mens Underwear Market Analysis & Forecast (2020-2020)
4.4.1. Market Size & Forecast
4.4.2. Absolute $ Opportunity
4.5. Market Dynamics
4.5.1. Market Drivers
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Table of Contents (2/5)


4.5.1.1. Economic Drivers
4.5.1.2. Demand Drivers
4.5.1.3. Supply Drivers
4.6. Market Trends & Opportunities
4.7. Market Restraints
5. Global Mens Underwear Market By Region
5.1. Introduction
5.2. BPS Analysis (2010,2015 & 2015)
5.3. Y-o-Y Comparison
5.3.1. North America
5.3.1.1. Market size & Forecast 20102020
5.3.1.2. Absolute $ Opportunity
5.3.1.3. United Sates and Rest of N. America Market Size and Forecast and Absolute $ Opportunity
5.3.1.4. Regional Market Trends
5.3.1.5. Top 5 Brands with Market Share
5.3.2. Latin America
5.3.2.1. Market size & Forecast 20102020
5.3.2.2. Absolute $ Opportunity
5.3.2.3. Mexico, Argentina and Rest of L. America Except Brazil Market Size and Forecast and Absolute $ Opportunity
5.3.2.4. Regional Market Trends
5.3.2.5. Top 5 Brands with Market Share
5.3.3. Europe
5.3.3.1. Market size & Forecast 20102020
5.3.3.2. Absolute $ Opportunity
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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 Mens Underwear Market Top 20 Brands & Market Share (2014)
6. Global Mens 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)
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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 Mens 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
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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 20102020
8. Key Market Strategies

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List of Figures (1/1)


Figure 1: Global Clothing & Accessories Market Size Forecast (US$ Bn), 20102020
Figure 2: Global Clothing & Accessories Market Absolute $ Opportunity (US$ Bn) 20102020
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, (%) 20112020
Figure 5: Global Mens Clothing & Accessories Market Size Forecast (US$ Bn) 20102020
Figure 6: Global Mens Clothing & Accessories Market Absolute $ Opportunity (US$ Bn) 20102020
Figure 7: Global Mens Clothing & Accessories Market Value Share & BPS Analysis, By Sub-segment (US$ Bn) 2010, 2015, and 2020
Figure 8: Global Mens Accessories & Clothing Market Y-o-Y Growth (%) 20112020
Figure 9: Global Mens Clothing Market Absolute $ Opportunity (US$ Bn) 20102020
Figure 10: Global Mens Underwear Market Absolute $ Opportunity (%) 20102020
Figure 11: Global Swimwear Market Absolute $ Opportunity (US$ Bn) 20102020
Figure 12: Global Mens Accessories Market Absolute $ Opportunity (US$ Bn) 20102020
Figure 13: Global Mens Underwear Market Size Forecast (US$ Mn), 20102020
Figure 15: Mens Underwear Market Value Share & Basis Points Analysis By Region, 2010, 2015, and 2020
Figure 16: Mens Underwear Market Y-o-Y Growth Rate Comparison By Region (20112020)
Figure 17: North America Mens Underwear Market Size Forecast (US$ Mn), 20102020
Figure 18: North America Mens Underwear Market Absolute $ Opportunity (US$ Mn), 20102020
Figure 18: Latin America Mens Underwear Market Size Forecast (US$ Mn), 20102020
Figure 19: Latin America Mens Underwear Market Size Forecast (US$ Mn), 20102020
Figure 20: Latin America Mens Underwear Market Absolute $ Opportunity (US$ Mn) 20102020
Figure 21: Europe Mens Underwear Market Size Forecast (US$ Mn), 20102020
Figure 22: Europe Mens Underwear Market Absolute $ Opportunity (US$ Mn), 20102020
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List of Figures (1/1)


Figure 23: BRIC Mens Underwear Market Size & Forecast (US$ Mn) (20102020)
Figure 24: BRIC Mens Underwear Market Absolute $ Opportunity (US$ Mn) 20102020
Figure 25 : Japan Mens Underwear Market Size Forecast (US$ Mn), 20102020
Figure 26: Japan Mens Underwear Market Absolute $ Opportunity (US$ Mn) 20102020
Figure 27 : Australia Mens Underwear Market Size Forecast (US$ Mn), 20102020
Figure 28: Australia Mens Underwear Market Absolute $ Opportunity (US$ Mn) 20102020
Figure 29: North America Mens Underwear Market Share 2014 (%)
Figure 30: Latin America Mens Underwear Market Share 2014 (%)
Figure 31: Europe Mens Underwear Market Share 2014 (%)
Figure 32: Brazil Mens Underwear Market Share, 2014 (%)
Figure 33: Russia Mens Underwear Market Share, 2014 (%)
Figure 34: India Mens Underwear Market Share, 2014 (%)
Figure 35: China Mens Underwear Market Share, 2014 (%)
Figure 36: Australia Mens Underwear Market Share, 2014 (%)
Figure 37: Japan Mens Underwear Market Share, 2014 (%)
Figure 38 : Market Share of Top 20 Brand in Global Mens Underwear Market 2014 (%)
Figure 39: Mens Underwear Market Value Share & Basis Point Analysis By Sales Channel, 2010, 2015, and 2020
Figure 40: Mens Underwear Market Value Share & BPS Analysis By Offline Sales Channel, 2010, 2015, and 2020
Figure 41: Mens Underwear Market Value Share & Basis Point Analysis By Age Group, 2010, 2015, and 2020
Figure 42: Mens Underwear Market Y-O-Y Growth Rate Comparison By Age Groups

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List of Tables (1/1)


Table 1: Global Mens Clothing & Accessories Market Size Forecast, By Product Type (US$ Bn) 20102020
Table 2: North America Men Underwear Market Size Forecast By Region (US$ Mn), 20102020
Table 3: Latin America Mens Underwear Market size Forecast By Region (US$ Mn) 20102020
Table 4: Europe Mens Underwear Market By Region (US$ Mn) 20102020
Table 5: BRIC Mens Underwear Market Size & Absolute $ opportunity, By Region (US$ Mn) 20102020
Table 6: Mens Underwear Market Size Forecast & Absolute $ Opportunity By Sales Channel, (US$ Mn) 20102020
Table 7: Global Mens Underwear Market Size Forecast & Absolute $ Opportunity By Age Group (US$ Mn) 20102020
Table 8: Global Mens Underwear Market Average Annual Spending By Age Group, 20102020 (US $)

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Executive Summary (1/2)


Global mens underwear market is anticipated witness an absolute $ opportunity of US$ XX Bn by 2020
PMR forecasts Global mens underwear market to
witness an create absolute $ opportunity of US$ xx Bn by
2020

US$ Bn

Global mens underwear market is expected to account for


xx% of the overall mens apparel market by 2015 end

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

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approximately xx% of the total mens


underwear market by 2015 end

10

Executive Summary (2/2)


Some of the top brands in mens underwear market include, Calvin Klein, Jockey,
Fruit of the Loom, Hanes, Diesel and Joe Boxer
Global Mens Underwear Market Regional Comparison,
2015
US$ 6.75 Bn

2010 (A)
North America

Latin America

US$ xx Bn

US$ xxx Bn

2015 (E)
BRIC

Global Mens Underwear Market Offline Sales Channel


Comparison, 2015

2020(F)
Europe

Japan

Source: PMR, 2015


Note: Sum of the values may not add up to 100% due to round off

Australia

Mass Merchant

Specialty Stores

Monobrand Stores

Others

ROW
Source: PMR, 2015

Key Market Players

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11

Research Methodology (3/3)


Secondary Research
Mens Underwear Market Trend and Forecast
across Geographies
Mens Underwear Market Trends
Mens Underwear Market Trends across
Geographies
Mens Underwear Market Marketing
Strategies by Key Geographies
Mens Underwear Market Overview by Key
Manufacturers
Likely Mens Underwear Market Prospects
Across Key Geographies
Mens Underwear Market Industry Growth
Projections
Average Spending on Underwear
Mens Underwear Market Market Trend by
Age Group

Primary Research

Data Analysis

Major Drivers and Restraints in Mens


Underwear Market Key Challenges Faced at
Manufacturer and Supplier End
Key Winning Strategies followed by Players in
Mens Underwear Market
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

Mens Underwear Market


Size
Average Spending of Male
Consumer on Underwear
& Forecast
Historical Trends
Examination
Statistical Analysis

Key Sources

Data Reporting

Key Sources Referred


Industry Association Publications
Annual Reports, Publications, and Mens
Apparel Market Presentations
World Bank, and Financial Reports

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Industry Experts
Association Members
Mens Underwear Market Industry Experts
Mens Underwear Market Players
Mens Underwear Market Distributors

Mens Underwear Market


Sales Utilized to Arrive at
Global Values
CAGR and Y-o-Y Growth
Used to Arrive at Market
Projections

Qualitative Data & Facts


Quantitative Data
Market Dynamics

12

Market Taxonomy

Global Mens 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 1525


Age group of 2635
Age group of 3645
Age group of 4655
Age group of 5565

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 mens underwear types
include briefs and boxers

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13

Global Clothing & Accessories Market


Global clothing and accessories market is expected to expand at a CAGR of xx% during the forecast period

Figure 2: Global Clothing & Accessories Market Absolute $


Opportunity (US$ Bn) 20102020

US$ Bn

US$ Bn

Figure 1: Global Clothing & Accessories Market Size Forecast


(US$ Bn), 20102020

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

2012 A

2013 A

2014 A

2015 E

2016 E

2017 F

2018 F

2019 F

2020 F

Clothing & Accessories Market


Source: PMR, 2015

Source: PMR, 2015

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

Global clothing and accessories market is anticipated to represent an absolute $


opportunity of US$ xx Bn by 2020 from 2015

Approximately xx% of the clothing and accessories market is concentrated in


Europe, the U.S., China, and Japan

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.

Owing to the increased per capita spending on apparel in developed countries this
market is anticipated to grow

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14

Male Vs. Female Clothing & Accessories Market


Mens 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, (%) 20112020

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

Key Takeaways

Above graph represents Y-o-Y growth rate of male and female clothing and
accessories market

Global male apparels market is anticipated to increase by xxx basis points in


2015 owing to increased spending of men on their looks

Male apparel market is expected to register a higher growth rate than that of
female apparel

Online sale has also contributed towards increase in mens clothing sale as
men who previously avoided shopping can now shop right from their laptops

However, the total market potential is expected to remain high in female apparel
as compared to mens

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15

Global Mens Clothing & Accessories Market


Global mens clothing and accessories market is projected to account for US$ xxxx Bn by 2020

Figure 6: Global Mens Clothing & Accessories Market


Absolute $ Opportunity (US$ Bn) 20102020

US$ Bn

US$ Bn

Figure 5: Global Mens Clothing & Accessories Market Size


Forecast (US$ Bn) 20102020

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

2012 A

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
Above graph indicates global mens clothing and accessories market
from 2010 to 2020
Global mens clothing market is estimated be worth US$ xxx Bn in 2015,
and is anticipated to reach US$ xxx Bn by 2020

Key Takeaways
Graph above indicates absolute $ opportunity for the global mens
clothing and accessories market
Mens clothing & accessories market is expected to represent an absolute
$ opportunity of US$ xxx Bn during the forecast period

Mens clothing & accessories market is expected to register a CAGR of


xxx%, during the forecast period

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16

Global Mens Clothing & Accessories Market


Global mens clothing & accessories market expected to expand at a CAGR of xx%
during the forecast period

Table 1: Global Mens Clothing & Accessories Market Size Forecast, By Product Type (US$ Bn) 20102020
2010
(A)

2011
(A)

2012
(A)

2013
(A)

2014
(A)

2015
(E)

2016
(F)

2017
(F)

2018
(F)

2019
(F)

2020
(F)

CAGR

Mens
Clothing

xxxx

xxxx

xxxx

xxxx

xxxx

xxxx

xxxx

xxxx

xxxx

xxxx

xxxx

xx%

Mens
Swimwear

xxxx

xxxx

xxxx

xxxx

xxxx

xxxx

xxxx

xxxx

xxxx

xxxx

xxxx

xx%

Mens
Underwear

xxxx

xxxx

xxxx

xxxx

xxxx

xxxx

xxxx

xxxx

xxxx

xxxx

xxxx

xx%

Mens
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 mens clothing & accessories market

Global mens 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%
Mens accessories market, which includes shoes, watches, fragrances, and bags is estimated to witness highest CAGR of xx% during the forecast
period

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17

Global Mens Clothing & Accessories Market


Mens underwear is anticipated to account for approximately xx% of the total mens
clothing & accessories market value by 2015 end, and continue to increase steadily till 2020

Figure 7: Global Mens Clothing & Accessories Market Value


Share & BPS Analysis, By Sub-segment (US$ Bn) 2010, 2015, and
2020

Figure 8: Global Mens Accessories & Clothing Market Y-o-Y


Growth (%) 20112020

Basis points
Analysis

2010 (A)
Men's Clothing

2015 (E)
Men's Swimwear

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 Accesories

Source: PMR, 2015


Note: Sum of the values may not add up to 100% due to round off

Men's Clothing

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Men's Underwear

Men's Accesories

Source: PMR, 2015

Key Takeaways
Graph above indicates global clothing and accessories market sub-segment comparison
from 2010 to 2020
Amongst the four segments of the global mens clothing & accessories market,
mens clothing was largest, representing xx% of the total market in 2010
Mens underwear contributed xx% of the total mens clothing and accessories
market value in 2015. This market segment is expected to gain 2 BPS, reaching xx% by
2020

Men's Swimwear

Key Takeaways

Graph above indicates Y-o-Y growth rate of various sub-segments under mens clothing
& accessories market
In terms of value, the mens accessories market is expected to grow at a faster
pace owing to increase in number of fashion-conscious male consumers globally
Global mens underwear market is also anticipated to grow steadily in terms of
value during the forecast period

18

Global Mens Clothing & Accessories Market


Total global mens clothing & accessories market is anticipated to represent absolute $
opportunity of US$ xxx Bn by 2020

Figure 10: Global Mens Swimwear Market Absolute $


Opportunity (%) 20102020

US$ Bn

US$ Bn

Figure 9: Global Mens Clothing Market Absolute $


Opportunity (US$ Bn) 20102020

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 Mens Underwear Market Absolute $


Opportunity (US$ Bn) 20102020

2012

2013

2014

2015

Men's Swimwear Market Market

2016

2017

2018

2019

2020

Absolute $ Opportunity

US$ Bn

US$ Bn

Figure 12: Global Mens Accessories Market Absolute $


Opportunity (US$ Bn) 20102020

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020
2010

Men's Underwear Market

2011

Absolute $ Opportunity

Source: PMR, 2015

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Source: PMR, 2015

2012

2013

2014

Men's Accessories Market

2015

2016

2017

2018

2019

2020

Absolute $ Opportunity

19

Economic Drivers
Increasing penetration of organized retail formats across the world will drive the global
mens underwear market

2
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

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3
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

20

Global Trends
Monthly subscription service for underwear is a trend emerging in the mens 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

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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

21

Global Mens 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 Mens Underwear Market Value, By Region, 2010, 2015, and 2020 (US$ Mn)

Global Mens 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
(20152020)

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

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22

Men Underwear Market Proportion By Region


Markets in BRIC is expected to account for a major chunk of revenue generated by
mens underwear market during the forecast period

Figure 15: Mens Underwear Market Value & Basis Points


Share Analysis By Region, 2010, 2015, and 2020

Key Takeaways

-100
-10
+30

Figure 15 represents market share & BPS analysis for regions on


the basis of segments of the global mens underwear market for
2010, 2015, and 2020

-60

Amongst the five regions, BRIC is the largest in terms of share,


representing xx% of the total mens 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
mens underwear market by 2015 end.

+220

Latin America markets (Mexico & Argentina) are estimated to


contribute approximately xx% of the total revenue of the mens
underwear market by 2020

-30
-130
2010 (A)

North America

Latin America

2015 (E)

BRIC

2020(F)

Europe

Japan

Basis points
Analysis
Australia

ROW

Source: PMR, 2015


Note: Sum of the values may not add up to 100% due to round off

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23

North America Mens Underwear Market


North America mens underwear market is estimated to expand at a healthy CAGR of xx%
during the forecast period

US$ Mn

Figure 18: North America Mens Underwear Market


Absolute $ Opportunity (US$ Mn), 20102020

US$ Mn

Figure 17: North America Mens Underwear Market Size


Forecast (US$ Mn), 20102020

2010 A

2011 A

2012 A

2013 A

2014 A

2015 E

2016 F

2017 F

2018 F

2019 F

2020 F

2010 A

Global Men's Underwear Market

Source: PMR, 2015

Source: PMR, 2015

Key Takeaways
Graph above indicates North America mens underwear market from 2010 to
2020
North America mens 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

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2011 A

2012 A

2013 A

2014 A

2015 E

North America Men's Underwear Market

2016 F

2017 F

2018 F

2019 F

2020 F

Absolute $ Opportunity

Key Takeaways

Graph above highlights estimated absolute $ opportunity for the mens


underwear market
North America mens underwear market is estimated to witness a robust
growth rate and represent absolute $ opportunity of US$ xxx. Mn during the
forecast period

24

North America Mens Underwear Market Split By Region


Table represents North Americas mens underwear market size & absolute $ opportunity by region

Table 2: North America Men Underwear Market Size and Forecast By Region (US$ Mn), 20102020
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

xx%

Total
Absolute $
Opportunity
Source: PMR, 2015
Note: Sum of the values may not add up to 100% due to round off

2015 Persistence Market Research, All Rights Reserved

25

North America: Men Underwear Market Trends


Due to high obesity rates, plus-size underwear market is booming in North American countries

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
Consumers in the U.S. prefer cotton
and cotton blend based products
(or any organic material) owing to
the various advantages offered

2015 Persistence Market Research, All Rights Reserved

Over two-thirds of the population


. the U.S. is overweight or obese,
in
and this rate has doubled in recent
years

Sample

This has made North America an


attractive market for plus-size
lingerie and underwear

26

Market Share of Brands By Region


Hanes holds around xx% of total share in North Americas mens underwear market, while
Rinbros accounts for xx% share in the market in Latin America
Figure 29: North America Mens Underwear Market Share
2014 (%)

Figure 30: Latin America Mens 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.


2015 Persistence Market Research, All Rights Reserved

27

Introduction
Underwear is sold through a variety of retail sales channel and offline retail accounts
for more than 85% of the total sales for mens underwear during 2020

Online
Retail

Mass
Merchants

Speciality
Stores

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

2015 Persistence Market Research, All Rights Reserved

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

28
28

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

These include
unorganized retail format
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

2015 Persistence Market Research, All Rights Reserved

Sample

The mode is more popular


particularly in emerging
market such as India,
where organized retail
penetration is low

29
29

Mens 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: Mens Underwear Market Y-O-Y Growth Rate
Comparison by Age Groups
8.0%
7.1% 7.2%

7.0%
6.4%

7.0%

6.2%
6.0%

6.2%

6.3%

6.6%

5.9%

6.6%
6.0%

6.0%

6.3%

6.2%

5.1%
4.6%

5.2%

4.9%

5.2%

5.4%

5.3%
5.6%

5.0%

4.9%

5.1%

4.8%

4.7%
4.7%

4.0%

4.2%

4.4%

3.8%

3.9%

3.8%

6.4%
5.6%

5.4%

5.4%
5.0%

6.2%

6.3%
6.1% 5.6%

5.7%

6.5%

3.4%

3.2%

3.3%

3.0%

2.6%

Figure 42 highlights growth rate of various age groups of


consumers in global mens underwear market between 2010 and
2020
The 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)
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

However, 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.

3.4%

3.0%

Key Takeaways

2.7%

2.0%
2010(A) 2011(A) 2012(A) 2013(A) 2014(A) 2015(E)
15-25

26-35

36-45

2016(F)

2017(F)

46-55

2018(F)

2019(F)

55-65

Source: PMR, 2015

2015 Persistence Market Research, All Rights Reserved

30

Mens Underwear Market : Age group of 1525


Key players such as Jockey, are targeting 1525 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

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Sample

31

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For sales queries or new topics email us on:

sales@persistencemarketresearch.com
For other queries contact:

Harish Tiwari
(Sr. Manager - Global Business Development)
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NY 10007, United States
USA Canada, Toll Free: +1-800-961-0353
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Email: harish@persistencemarketresearch.com

T H A N K
Y O U
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