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FutureStarrThe U.S. Thermal Underwear Market to Garner USD 1130.3 Million by the End of the Year
Thermal underwear is a type of clothing used to keep the body warm. Often made from cotton or cotton-polyester blend fabric, thermal underwear comes as two pieces with long sleeves and legs for extra coverage.
In the U.S., the market is expected to reach USD 1130.3 million by 2022. The Midwest region is predicted to remain dominant during this review period.
According to The Insight Partners' new report, the U.S. Thermal Underwear Market is expected to reach USD 1130.3 million by year-end. This comprehensive assessment examines key growth drivers, opportunities and market dynamics as well as offering an exhaustive assessment of key competitors in this space.
Thermal underwear has become increasingly popular due to consumers' desire for comfortable and warm clothing. Thermal underwear wicks moisture away from the body to keep it dry, regulates body temperature and protects against bacteria. Furthermore, it protects against frostbite and shields you from external elements.
Thermal underwear comes in a range of fabric types, such as cotton, synthetic, wool and blends. It's an incredibly durable and versatile product suitable for everyone from kids to adults due to its many features like moisture absorption, permeability, heat retention capacity, softness and antistatic property; plus it resists creases and pilling.
Many companies are competing in this market. To attract customers, they employ both organic and inorganic growth strategies such as product launches, patents, partnerships & collaborations, and events. All these activities have contributed to the expansion of this sector.
This industry is projected to experience a compound annual growth rate (CAGR) of 6.4% between 2017 and 2030, driven by factors such as changing lifestyles and new product developments. Furthermore, the growing disposable income of middle class consumers has enhanced their purchasing power, aiding in the sector's expansion.
Another factor driving the market is growing consumer awareness regarding the benefits of health and body care products. The rise in demand for natural, hypoallergenic, chemical-free lingerie has encouraged manufacturers to innovate. Furthermore, increased per capita disposable income has made it more accessible for people to purchase quality lingerie items.
The global thermal underwear market is expected to expand at a rapid rate, reaching USD 738.5 million by 2022 with an annual compound growth rate (CAGR) of 6.4%. North America, Europe and Asia-Pacific are projected to experience significant growth during this forecast period due to an aging population in emerging economies and higher per capita disposable income levels.
Thermal underwear, also referred to as long johns or long underwear, are lightweight warm garments worn during cold weather. These garments trap body heat and do not allow it to escape; typically made out of cotton or cotton-polyester blend fabrics; other materials like flannel and Capilene may also be employed in their production.
The global thermal underwear market is projected to experience a compound annual growth rate of 6.4% in terms of value, reaching USD 1130.3 million by 2030. The increasing demand for thermal underwear across various regions worldwide is one of the major factors fueling its expansion.
North America holds the largest share of the thermal underwear market globally, due to its cold climate and high disposable income levels. Furthermore, with an increasing number of women entering the workforce and an increasing interest in fashion products, factors are contributing factors that are fuelling growth in this space.
The thermal underwear market can be divided into top wear and bottom wear. The top wear segment is expected to hold the largest market share by 2022. In terms of material, synthetic segments are expected to command the majority share by 2022.
On the basis of distribution channel, the thermal underwear market can be divided into retail stores, department stores and online. Retail stores are projected to hold the majority of market share by 2020 while online sales are predicted to expand at a compound annual growth rate (CAGR) of 7% in terms of value.
The market can also be segmented based on material type, which includes cotton and other fabric types like flannel and Capilene. Synthetic material is forecast to grow at a CAGR that exceeds that of other material types segments.
Moreover, the market can be divided by end user, including men and women. Men are expected to experience a CAGR higher than other segments by 2022, leading to their gaining the largest market share due to an increasing consumer preference for product benefits and features.
Thermal Underwear is a product comprised of soft, light weight garments made of materials like cotton or flannel. They're intended to keep the body warm and dry in cold weather conditions while helping prevent frostbite and chafing.
Temperatures are rising worldwide and this has necessitated consumers to resort to various insulation techniques. Thermal underwear is an ideal solution for this task as it traps body heat better than ordinary clothing while wicking away sweat.
The thermal underwear market is expected to experience significant growth over the coming years, reaching USD 1130.3 million by 2023.
Asia-Pacific is leading the global thermal underwear market due to its wealth of opportunities for market participants. This region has experienced rapid economic development and an expanding middle class population, leading to expansion of existing retail locations as well as an influx of foreign retailers into countries like China and India.
The middle class' increased disposable income and changing lifestyles have driven the global thermal underwear market. Furthermore, e-commerce sales of this product are experiencing a meteoric surge due to the shift towards digital lifestyles.
Women have recently seen an uptick in the purchase of thermal underwear as they strive to look their best for fashion shows and other important occasions. This is partly because they understand that how they present themselves to others affects how they feel about themselves and others.
Furthermore, women have become more conscious of hygiene and health. This has created a surge in demand for premium underwear brands that provide protection from infections while offering top quality items.
Thermal underwear is a type of garment designed to keep you warm in cold weather. It typically comes in two-piece sets with long sleeves and legs made from cotton or cotton-polyester blend. Flannel or capilene are other materials that may also be employed when creating these garments.
In the U.S., the thermal underwear market is projected to reach USD 1130.3 million by year-end and grow at a compound annual growth rate (CAGR) of 6.4% from 2021 through 2030, driven by factors such as population and disposable incomes.
The market is expected to expand rapidly as consumers become more health conscious and demand products that provide comfort and protection from environmental elements. Companies are therefore working on new products in an effort to boost their share of the market.
Furthermore, the growing population in Asia-Pacific emerging economies is another major driver for this market. The rapid urbanization of these nations has resulted in an uptick in thermal underwear demand.
Furthermore, the rising number of women in these countries is another factor driving growth in this market. Women need comfortable clothing to protect their bodies from environmental elements.
These garments come in a range of styles, such as short- and long-sleeved. Usually constructed from cotton blends with other fabrics like cotton-polyester blend or flannel fabric, these garments provide warmth and comfort all at the same time.
Some of the major players in this market include Alfani, Adidas, Champion, Emporio Armani, ExOfficio, Fruit of the Loom, Hanes and Jockey, L.L.Bean Patagonia SmartWool Under Armour and others.
This report analyzes the competitive landscape of the global thermal underwear market. It provides details about key players based on their product portfolios, financial performance and market share. Furthermore, it offers a strategic analysis and estimates for 2017 to 2022, covering an 82-country period from 1997 to 2022.
Porter's five forces analysis is included, along with applications, demand, competition and threats from existing trends. It provides an ideal way to gauge competition in your market and identify potential growth opportunities. Furthermore, it helps identify competitors' strategies, evaluate their financial performance and forecast your business' attractiveness to entrants.