Men’s Night And Underwear Market Is Developing Rapidly Worth $42.15 Billion By 2028

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The nightwear segment is expected to register the fastest CAGR of 5.7% from 2021 to 2028. The increasing usage ofmen’s nightwear due to rising fashion trends from developed and developing economies is propelling the growth of themarket. Moreover, factors such as the rising consumer expenditure on nightwear and growing retail penetration arepropelling the growth of this segment.The online segment is expected to register the fastest CAGR of 6.0% from 2021 to 2028. Increasing internet andsmartphone penetration across the globe is accelerating the growth of this segment. Moreover, an upsurge in productsales through various company-owned websites and e-commerce platforms is expected to propel the growth of theonline distribution channel segment during the forecast period.Asia Pacific made the largest contribution to the global market with a revenue share of over 35% in 2020 due tochanging lifestyles, rising urbanization, and growing disposable income of consumers. The evolving fashion trendscoupled with the changing consumer preferences in this region are anticipated to propel market growth in theforthcoming years. Furthermore, the presence of a huge customer base in countries like China and India is expected tofurther fuel the demand for men’s night and underwear products.Men’s Night & Underwear Market Report Highlights• Asia Pacific held the largest revenue share of more than 35% in 2020 owing to the changing consumerpreferences• Nightwear is expected to foresee the fastest CAGR of 5.7% from 2021 to 2028 due to the increasing consumerexpenditure• The offline distribution channel segment held the largest revenue share in 2020, contributing to more than 75%of the total revenue due to well-established distribution network across the globe
• North America is expected to witness the fastest CAGR of 5.8% from 2021 to 2028 owing to rising demand forluxury and premium quality night and underwear productsMen’s Night & Underwear Market SegmentationMillion Insights has segmented the global men’s night and underwear market based on product, distribution channel,and region:Men’s Night & Underwear Product Outlook (Revenue, USD Million, 2017 - 2028)• Underpants• Nightwear• BathrobesMen’s Night & Underwear Distribution Channel Outlook (Revenue, USD Million, 2017 - 2028)• Offline• OnlineMen’s Night & Underwear Regional Outlook (Revenue, USD Million, 2017 - 2028)• North America• U.S.• Europe• Germany• U.K.• France• Asia Pacific• China• Japan• India• Central & South America• Brazil• Middle East & Africa• South Africa
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Men’s Night And Underwear Market Is Developing Rapidly Worth $42.15 Billion By 2028

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