PUBLISHER: Allied Market Research | PRODUCT CODE: 1447164
PUBLISHER: Allied Market Research | PRODUCT CODE: 1447164
The bra market size was valued at 36,306.2 million in 2022 and is projected to reach 59,471.1 by 2032, growing at a CAGR of 5.2% from 2023 to 2032.
A bra is a specialized undergarment designed for women to wear discreetly beneath clothing, offering essential support for the breasts. Its primary function is to uphold the natural shape and volume, ensuring comfort and stability, particularly during physical activities. Bra is categorized in various categories, such as sports, nursing, multi-way, adhesive bras and others. Bras serve as key fashion accessories, allowing women to express their personal style through a variety of designs, colors, and patterns.
The bra industry has been significantly impacted by fashion trends and consumers' ever-changing desires. Buyers of intimate apparel are fast to follow fashion trends, searching for bras that match the latest styles. As fashion evolves, so do customer preferences for different undergarment types, colors, and patterns, which promotes the bra market growth. Customers are also constantly on the lookout for unique and innovative bras that not only provide the essential support but also highlight their sense of fashion and individuality.
Furthermore, bras are frequently considered by customers as fashionable accessories that emphasize the importance of uniqueness and attractiveness. In response to the change in consumer expectations, manufacturers have increased the variety of products they provide, including sports bras, bralettes, and customizable designs. Social media platforms have become more popular, making it simpler to identify fashion trends and keeping consumers informed and inspired. Furthermore, celebrities and other influential people have a big impact on the fashion business. Their impact on lingerie trends simultaneously supports the newest fashion trends and the necessity of bras.
The bra market's major supply chain challenges are affecting the industry's ability to smoothly meet the client demand. The purchase of raw materials, manufacture, and distribution are all part of the complex global supply chain that supports the bra market. Scarcity of materials required to produce bras might result from supply chain disruptions, which would affect the overall manufacturing process. In addition, shortages, order delays, and increased manufacturing costs for bras might be the outcome of supply chain disruptions brought on by natural disasters, geopolitical instability or global health emergencies. These events restrict the development of the bra market. Moreover, fluctuations in the cost of materials might lead bra manufacturers to increase prices or make quality compromises, which may negatively impact their capacity to attract customers and compete in the market. Furthermore, by resulting in stockouts or overstock situations in stores, inventory issues brought on by manufacturing and delivery delays might hinder the market growth.
The bra market is segmented into type, raw material, distribution channel, and region. By type, the market is classified into sports bra, nursing bra, multi-way bra, and adhesive bra. By raw material, the market is classified into cotton, chiffon, silk, and others. By distribution channel, the market is classified into hypermarket/supermarket, specialty stores, retail stores, and online. Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (France, Germany, the UK, Italy, Spain, Russia, and the Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, ASEAN, and the rest of Asia-Pacific), and LAMEA (Brazil, Argentina, South Africa, the Middle East, and the rest of LAMEA).
Players operating in the global bra market have adopted various developmental strategies to expand their bra market share, increase profitability, and remain competitive in the market. Key players profiled in this report include PVH Corp., Nike, Inc., Hanesbrands Inc., Jockey International, Inc, CALIDA Holding AG, Lavinia Lingerie Inc, Victoria's Secret & Co., Triumph Intertrade AG, Wolf Lingerie SAS and Modenik Lifestyle Pvt. Ltd.
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