Men’s Night And Underwear Market Is Developing Rapidly Worth $42.15 Billion By 2028 “The global men’s night and underwear market size is expected to reach USD 42.15 billion by 2028, registering a CAGR of 5.2% over the forecast period, according to a new report by Million Insights.”
The global men’s night and underwear market size is expected to reach USD 42.15 billion by 2028, registering a CAGR of 5.2% over the forecast period, according to a new report by Million Insights. The rising popularity of night and underwear due to growing consciousness about personal hygiene and health is driving the market growth. Factors such as the growing middle-class population and the rising consumer spending on men’s apparel across the developing and developed economies are further propelling the market growth. Moreover, rising disposable income and urbanization across the globe and the changing consumer lifestyles and preferences are expected to accelerate market growth in the upcoming years. Manufacturers are investing to produce innovative products and attractive design patterns in the context of fashion, fabric, style, print, and color which in turn is expected to propel the market growth over the forecast period. The positive demographic trends along with changing consumer preferences coupled with fashion trends are expected to accelerate the market growth. The increasing organized retail, which surges availability of the men’s night & underwear apparel coupled with a rise in ready-to-wear (RTW) products are accelerating the market growth. The COVID-19 pandemic had suspended the transportation services of men’s night and underwear for a short duration in many countries. Closure of the manufacturing sector, retail shops, and commercial activities, and several restrictions on the movement of the people have disrupted or stopped the supply chain of non-essential products by measures arising from COVID-19 restrictions. Moreover, logistics and external trade of the products is disturbed due to the pandemic affecting the entire value chain in several countries.
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