Lingerie Market is Expected to Undergo a Substantial Growth in Coming Years
Rising demand for stylish lingerie among millennials and
entry of global brands are some of the key factors fuelling the growth of China
lingerie market.
According
to TechSci Research report, “China Lingerie Market By Product Type (Bra,
knickers & Panties, Lounge Wear, Shape Wear, Others), By Distribution
Channel (Online, Offline (Hypermarkets/ Supermarkets, Independent Retailers,
Others), By Region, Forecast & Opportunities, 2025”, the market is expected to undergo a significant CAGR
during the forecast period on account of increasing presence of global lingerie
brands and rising demand for stylish lingerie, especially among millennials. In
addition to this, increasing purchasing power and growing influence of western
lifestyle are also acting as key growth factors for China lingerie market. The rise
in working women population and rising fashion consciousness are making them spend
on high quality and stylish lingerie. Moreover, changing fashion trends in
lingerie industry coupled with increasing number of fitness conscious women
consumers are creating high demand for sports bra in China. Manufacturers are
also focusing on introducing new lingerie range, keeping in mind the comfort
factor. This has further led to growing demand for day to day wear lingerie.
Additionally, rise in demand for high end lingerie is
leading to tough competition between domestic and global market players. Other
than that, globalization, growing trend of online shopping and availability of
luxury lingerie brands are some other factors propelling the growth of China
lingerie market. Furthermore, thriving e-commerce industry and entry of new
lingerie brands are driving the growth of China lingerie market. With
increasing consumer base and launch of exclusive lingerie range, the market is
poised to witness a considerable growth in coming years.
Browse XX market data Tables and XX Figures spread through XXX Pages and an in-depth TOC on"China Lingerie Market"
https://www.techsciresearch.com/report/china-lingerie-market/1426.html
The China
lingerie market can be segmented based on product type, distribution channel and
region. Based on product type, the market is segmented into bra, knickers &
panties, lounge wear, shape wear and others. Among them, the bra segment dominated
the China lingerie market in 2019 and is further anticipated to dominate the
market through 2025 on account of increasing demand for day to day bras.
Moreover, the segment is also witnessing high growth owing to growing demand
for wireless and sports bras.
Based on distribution channel, China
lingerie market can be categorized into offline and online channels. The
offline channel is further categorized into hypermarkets/ supermarkets,
independent retailers and others. Among them, the online segment is expected to
dominate the China lingerie market during the forecast period owing to digitalization
and thriving e-commerce industry. Furthermore, the growing preference of
Chinese women to shop online and presence of ecommerce giants like Alibaba are
leading to shifting shopping pattern from offline retail to online retail.
Major players operating in the China lingerie
market are La Perla, Triumph, Cosmo Lady, Hoplun Group, ETAM, Chun Wing
Holdings, Embry Holdings Limited, Mani Form, Minwei Clothes Peiheng Group
Shijia Industry and Aubade. Key market players are investing on marketing
strategies including new product launches, promotions and collaborations to
increase their share in China lingerie market.
Download
Sample Report @
https://www.techsciresearch.com/sample-report.aspx?cid=1426
Customers
can also request for 10% free customization on this report.
“The
emergence of various lingerie brands selling their products online is a key
aspect behind the growth of China lingerie market. Also, some leading brands
are coming up with their own shopping websites providing exclusive range of
lingerie for women consumers. According to a latest report, during the last few
years, the annual sales of lingerie, particularly underwear have exceeded 40
billion USD in China. This indicates that the China lingerie market can
anticipate witnessing a healthy growth in coming years,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based China
management consulting firm.
“China Lingerie Market By Product Type (Bra,
knickers & Panties, Lounge Wear, Shape Wear, Others), By Distribution
Channel (Online, Offline (Hypermarkets/ Supermarkets, Independent Retailers,
Others), By Region, Forecast & Opportunities, 2025” has evaluated the future growth potential of lingerie market
and provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in China lingerie market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]