Product Code: ETC213516 | Publication Date: Jul 2023 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 |
The India men's underwear market import shipments exhibited strong growth with a CAGR of 14.9% from 2020 to 2024. However, the market saw a significant decline in growth rate between 2023 and 2024 at -51.8%, indicating a notable slowdown in expansion momentum towards the end of the period.
The India men`s underwear market is a significant segment of the country`s innerwear industry. Men`s underwear includes various styles such as briefs, boxers, trunks, and boxer briefs. The market is driven by factors such as changing fashion preferences, increasing awareness of comfort and fit, and the influence of social media and celebrity endorsements. The demand for premium and branded men`s underwear is also on the rise, with consumers seeking higher-quality and fashionable innerwear options. Key players in the market include innerwear manufacturers, fashion retailers, and e-commerce platforms offering a wide range of men`s underwear choices to meet the varied preferences of consumers.
The India men`s underwear market is influenced by several key drivers. Firstly, the increasing awareness of personal grooming and hygiene among men has led to a growing demand for comfortable and well-fitted underwear. The preference for premium and branded men`s underwear with features like moisture-wicking and stretchability drives the market`s growth. Secondly, the rise of e-commerce platforms and the availability of a wide range of men`s underwear styles and designs online have contributed to increased product accessibility and choice. Additionally, advertising and marketing campaigns by men`s underwear brands play a significant role in shaping consumer preferences in the India market.
The India men`s underwear market encounters specific challenges. Firstly, competition from international brands and the presence of unorganized local players create a fragmented market. Building brand recognition and consumer trust becomes a challenge for domestic manufacturers. Secondly, catering to diverse preferences and body types requires offering a wide range of sizes and styles. The need for constant innovation to improve comfort, design, and performance adds complexity to product development.
The India men`s underwear market faced both challenges and opportunities due to the Covid-19 pandemic. During the lockdowns, the demand for men`s underwear witnessed a decline as consumers prioritized essential purchases. With people spending more time at home, the preference shifted towards comfortable and functional underwear. As work-from-home and online meetings became the norm, there was an increased demand for loungewear and athleisure-inspired underwear styles. Brands that offered a variety of comfortable and innovative designs were better equipped to meet this demand. Additionally, the growing focus on health and hygiene influenced the demand for moisture-wicking and antimicrobial underwear. As restrictions eased and economic activities resumed, the market saw a gradual recovery, with consumers seeking a balance between comfort and style in their underwear choices.
The India men`s underwear market is served by various key players in the apparel industry. Prominent players in this sector include Jockey India, Rupa & Company Limited, Lux Industries Limited, and Hanesbrands Inc. These companies offer a wide range of men`s underwear, including briefs, trunks, and boxers, using comfortable and premium fabrics. Their focus on comfort, style, and branding has helped them maintain a significant share in the men`s underwear market in India.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Men's Underwear Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Men's Underwear Market Revenues & Volume, 2021 & 2031F |
3.3 India Men's Underwear Market - Industry Life Cycle |
3.4 India Men's Underwear Market - Porter's Five Forces |
3.5 India Men's Underwear Market Revenues & Volume Share, By Material Type, 2021 & 2031F |
3.6 India Men's Underwear Market Revenues & Volume Share, By Category, 2021 & 2031F |
3.7 India Men's Underwear Market Revenues & Volume Share, By Size, 2021 & 2031F |
3.8 India Men's Underwear Market Revenues & Volume Share, By Age Group, 2021 & 2031F |
3.9 India Men's Underwear Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F |
4 India Men's Underwear Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing disposable income and changing lifestyle preferences of Indian men |
4.2.2 Growing awareness about personal hygiene and grooming among men |
4.2.3 Rising fashion consciousness and desire for trendy and comfortable underwear |
4.3 Market Restraints |
4.3.1 Cultural taboos and conservative mindset impacting the adoption of modern underwear styles |
4.3.2 Price sensitivity and competition from unbranded and counterfeit products in the market |
5 India Men's Underwear Market Trends |
6 India Men's Underwear Market, By Types |
6.1 India Men's Underwear Market, By Material Type |
6.1.1 Overview and Analysis |
6.1.2 India Men's Underwear Market Revenues & Volume, By Material Type, 2021-2031F |
6.1.3 India Men's Underwear Market Revenues & Volume, By Cotton, 2021-2031F |
6.1.4 India Men's Underwear Market Revenues & Volume, By Wool, 2021-2031F |
6.1.5 India Men's Underwear Market Revenues & Volume, By Silk, 2021-2031F |
6.1.6 India Men's Underwear Market Revenues & Volume, By Polyester, 2021-2031F |
6.1.7 India Men's Underwear Market Revenues & Volume, By Rayon, 2021-2031F |
6.1.8 India Men's Underwear Market Revenues & Volume, By Linen, 2021-2031F |
6.1.9 India Men's Underwear Market Revenues & Volume, By Others, 2021-2031F |
6.1.10 India Men's Underwear Market Revenues & Volume, By Others, 2021-2031F |
6.2 India Men's Underwear Market, By Category |
6.2.1 Overview and Analysis |
6.2.2 India Men's Underwear Market Revenues & Volume, By Regular Brief, 2021-2031F |
6.2.3 India Men's Underwear Market Revenues & Volume, By Boxer Brief, 2021-2031F |
6.2.4 India Men's Underwear Market Revenues & Volume, By Boxer Shorts, 2021-2031F |
6.2.5 India Men's Underwear Market Revenues & Volume, By Trunks, 2021-2031F |
6.2.6 India Men's Underwear Market Revenues & Volume, By Thongs, 2021-2031F |
6.3 India Men's Underwear Market, By Size |
6.3.1 Overview and Analysis |
6.3.2 India Men's Underwear Market Revenues & Volume, By XS, 2021-2031F |
6.3.3 India Men's Underwear Market Revenues & Volume, By S, 2021-2031F |
6.3.4 India Men's Underwear Market Revenues & Volume, By M, 2021-2031F |
6.3.5 India Men's Underwear Market Revenues & Volume, By L, 2021-2031F |
6.3.6 India Men's Underwear Market Revenues & Volume, By XL, 2021-2031F |
6.3.7 India Men's Underwear Market Revenues & Volume, By XXL, 2021-2031F |
6.4 India Men's Underwear Market, By Age Group |
6.4.1 Overview and Analysis |
6.4.2 India Men's Underwear Market Revenues & Volume, By 15-25, 2021-2031F |
6.4.3 India Men's Underwear Market Revenues & Volume, By 26-35, 2021-2031F |
6.4.4 India Men's Underwear Market Revenues & Volume, By 46-55, 2021-2031F |
6.4.5 India Men's Underwear Market Revenues & Volume, By 56-65, 2021-2031F |
6.4.6 India Men's Underwear Market Revenues & Volume, By 65+, 2021-2031F |
6.5 India Men's Underwear Market, By Sales Channel |
6.5.1 Overview and Analysis |
6.5.2 India Men's Underwear Market Revenues & Volume, By Wholesalers/ Distributors, 2021-2031F |
6.5.3 India Men's Underwear Market Revenues & Volume, By Hypermarkets/ Supermarkets, 2021-2031F |
6.5.4 India Men's Underwear Market Revenues & Volume, By Specialty Stores, 2021-2031F |
6.5.5 India Men's Underwear Market Revenues & Volume, By Multi-brand Stores, 2021-2031F |
6.5.6 India Men's Underwear Market Revenues & Volume, By Online Retailers, 2021-2031F |
6.5.7 India Men's Underwear Market Revenues & Volume, By Others, 2021-2031F |
7 India Men's Underwear Market Import-Export Trade Statistics |
7.1 India Men's Underwear Market Export to Major Countries |
7.2 India Men's Underwear Market Imports from Major Countries |
8 India Men's Underwear Market Key Performance Indicators |
8.1 Online search trends for men's underwear fashion and brands in India |
8.2 Consumer sentiment analysis towards men's underwear through social media listening |
8.3 Growth in the number of exclusive men's innerwear retail outlets in key cities of India |
8.4 Adoption rates of premium and sustainable materials in men's underwear manufacturing |
8.5 Increase in partnerships between men's underwear brands and popular influencers/celebrities in India |
9 India Men's Underwear Market - Opportunity Assessment |
9.1 India Men's Underwear Market Opportunity Assessment, By Material Type, 2021 & 2031F |
9.2 India Men's Underwear Market Opportunity Assessment, By Category, 2021 & 2031F |
9.3 India Men's Underwear Market Opportunity Assessment, By Size, 2021 & 2031F |
9.4 India Men's Underwear Market Opportunity Assessment, By Age Group, 2021 & 2031F |
9.5 India Men's Underwear Market Opportunity Assessment, By Sales Channel, 2021 & 2031F |
10 India Men's Underwear Market - Competitive Landscape |
10.1 India Men's Underwear Market Revenue Share, By Companies, 2024 |
10.2 India Men's Underwear Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |