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Thermal Underwear Market is predicted to reach USD 9.82 million at a CAGR of 3.61% during the forecast period:

Market Research Future (MRFR) has published a cooked research report on the โ€œGlobal Thermal Underwear Marketโ€ that contains information from 2018 to 2028. The Thermal Underwear market is estimated to register a CAGR of 3.61% during the forecast period of 2023 to 2028.


MRFR recognizes the following companies as the key players in the global Thermal Underwear marketโ€” PVH Corp. (US), HanesBrands Inc (US), Marks and Spencer plc (UK), Jockey International Inc (US), Under Armour Inc. (US), Smartwool LLC (US), L.L.Bean Inc. (US), Fruit of the Loom Inc. (US), BodTek (US), and Thermajohn (US).


Market Highlights


The global Thermal Underwear market is accounted to register a CAGR of 3.61% during the forecast period and is estimated to reach USD 9.82 million by 2028.


The thermal underwear market comprises clothing designed to provide extra warmth in cold conditions. These insulating undergarments are worn beneath outer clothing to retain body heat, making them popular for winter activities and outdoor pursuits. The market offers a range of styles, materials, and technologies to cater to diverse comfort and performance needs.


Segment Analysis


The global Thermal Underwear market has been segmented based on Product Type, Material Type, End User and Distribution Channel.


On the basis of Product Type, the market is segmented into tops, bottoms, and sets. The tops segment held the highest market share in 2020 and is anticipated to grow at a respectable CAGR of 3.6 percent over the course of the forecast period.


Based on Material Type, the global Thermal Underwear market has been segmented into cotton, synthetic, wool, and blends. Blends held the biggest market share in 2020 and are anticipated to experience the highest CAGR of 3.70% over the course of the forecast period. In 2020, the synthetic segment won the second-largest market share.


Based on End User, the global Thermal Underwear market has been segmented into men, women, and kids. The men's market segment held the highest market share in 2020 and is anticipated to grow at a respectable CAGR of 3.54% over the course of the forecast period.


Based on Distribution Channel, the global Thermal Underwear market has been segmented into store-based and non-store-based. Supermarkets & hypermarkets, specialty shops and others make up the store-based sub-segment. A bigger market share of 69.12% was held by the store-based segment in 2020.


Regional Analysis


The global Thermal Underwear market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Thermal Underwear market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Thermal Underwear market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Thermal Underwear market comprises of Middle East, Africa, and Latin America.


The North America Thermal Underwear Market dominated this market in 2022. With a market value of USD 2,407.7 million in 2020, North America held the greatest market share of 32.50%; the market is anticipated to grow at a CAGR of 3.52%.


Additionally, the second-largest market share for Thermal Underwear is held by Europe. With a market value of USD 2,286.9 million in 2020, Europe was the second-largest market. A CAGR of 3.59% is anticipated for the market.


Moreover, in 2020, North America held the greatest market share (32.50%), and it is anticipated that over the forecast period, the region will grow at a CAGR of 3.52%. Numerous factors are projected to contribute to the growth of the North American market. It is projected that one of the key drivers of the rising growth of the thermal knickers market would be the expanding number of working women in the US.


Furthermore, one of the most attractive markets for thermal knickers producers is Asia-Pacific. In the market for thermal knickers worldwide, it represented a market share of 28.07 percent. During the forecast period, the market in the region is anticipated to grow at a CAGR of 3.73%. The rising population in Asia-Pacific's emerging economies is a contributing factor in the market expansion for thermal knickers. The rapid urbanisation of Asia-Pacific's emerging nations and the increase in per capita disposable incomes are key drivers of the thermal knickers market's expansion.


Key Findings of the Study



  • The global Thermal Underwear market is expected to reach USD 9.82 million by 2028, at a CAGR of 3.61% during the forecast period.

  • The North America Thermal Underwear Market dominated this market in 2022. With a market value of USD 2,407.7 million in 2020, North America held the greatest market share of 32.50%; the market is anticipated to grow at a CAGR of 3.52%.

  • Based on Product Type, The tops segment held the highest market share in 2020 and is anticipated to grow at a respectable CAGR of 3.6 percent over the course of the forecast period.

  • PVH Corp. (US), HanesBrands Inc (US), Marks and Spencer plc (UK), Jockey International Inc (US), Under Armour Inc. (US), Smartwool LLC (US), L.L.Bean Inc. (US), Fruit of the Loom Inc. (US), BodTek (US), and Thermajohn (US).

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Report details
Companies Covered 15
Pages 99
Certified Global Research Member
Isomar fd.webp Wcrc 57.webp
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