U.S. THERMAL UNDERWEAR MARKET ANALYSIS BY PRODUCT TYPE, MATERIAL TYPE, END USER AND REGION FORECAST TILL 2024
Various factors are propelling the global U.S. Thermal Underwear Market Analysis growth. According to the new MRFR report, such factors include changing climatic conditions as this helps to keep the body warm at an extremely cold weather, technological advances, advances in product development, and burgeoning demand for thermal garments. Additional factors fueling market growth comprise the growing popularity of thermal garments, increasing awareness, mass market penetration, urbanization, and globalization. The demand for such underwear has pushed manufacturers in innovating and developing new & innovative product line that offers multiple health benefits and is better in taste. This again, is adding market growth.
On the contrary, the presence of counterfeit products and the effect of the COVID-19 outbreak may limit the thermal underwear market growth over the forecast period.
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The MRFR report gives an inclusive segmental analysis of the global thermal underwear market report based on distribution channel, end user, material type, and product type.
By product type, the global thermal underwear market is segmented into sets, bottoms, and tops.
By material type, the global thermal underwear market is segmented into blend, wool, synthetic, and cotton.
By end user, the global thermal underwear market is segmented into unisex, women, and men.
By distribution, the global thermal underwear market is segmented into non-store based and store-based. The store-based segment is segmented into specialty stores, supermarkets and hypermarkets, and others.
Based on the region, the global thermal underwear market report covers the growth opportunities and recent trends across North America, Europe, the Asia Pacific (APAC), & the Rest of the World (RoW). Of these, North America will dominate the market over the forecast period. Cold weather, coupled with various innovative products and new designs introduced by industry players are adding to the global thermal underwear market growth in the region.
The global thermal underwear market in Europe will hold the second-largest share over the forecast period.
The global thermal underwear market in the APAC region is predicted to grow at a fast pace over the forecast period.
The global thermal underwear market in the RoW is predicted to have sound growth over the forecast period.
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Key players profiled in the global thermal underwear market growth include Aditya Birla Fashion & Retail Limited (India), Lux Industries Limited (India), Floso (UK), Rothco (Ireland), L.L. Bean Inc. (US), Gildan Activewear Inc. (Canada), Thatchreed Ltd (UK), Sub Zero Technology Ltd (UK), and Komar Brands (US). Industry players have encompassed several strategies to create a niche in the market as well as cater to the consumers growing needs such as mergers & acquisitions, partnership, collaborations, joint ventures, geographic expansions, contracts, extensive research and development activities, new product launches, strategic alliances, and more.
Note: Our team of researchers are studying Covid-19 and its impact on various industry verticals and wherever required will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
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