Thermal Underwear Market Research Report—Global Forecast till 2028

Thermal Underwear Market: Information by Product Type (Tops, Bottoms, and Sets), by Material Type (Cotton, Synthetic, Wool, and Blends), by End User (Men, Women, and Kids), by Distribution Channel (Store-Based and Non-Store Based) and by Region (North America, Europe,Asia-Pacific, Rest of the World)—Forecast till 2028

ID: MRFR/CR/2624-CR | August 2021 | Region: Global | 99 pages

Thermal Underwear Market Overview


The thermal underwear market is projected to register a CAGR of 3.61% and reach a value of USD 9.82 million by 2028. Thermal underwear, also known as long underwear, or long johns, is a base layer worn under the outer layers to keep warm. These types of innerwear trap the body heat and do not let it escape. There are different types of thermal underwear available in the market, such as nightwear, sports and leisurewear, leggings, and socks. Thermal underwear is available for men, women, as well as for kids. However, to create a consumer base, manufacturers are offering unisex products. The raw materials used by market players to produce thermal underwear are mainly blends of different fabrics such as cotton-polyester blend fabric or cotton with box weave texture. With high investment in R&D and constant innovations in this industry, market players are launching new varieties of thermals made of polyesters, such as Capilene fabric, 100% wool, or wool-blends.The increasing demand for thermal underwear owing to extreme climatic conditions among consumers is driving the growth of the global thermal underwear market. Moreover, the strong performance of the retail sector in the market is also expected to contribute to its growth.


COVID-19 Impact Analysis


As a measure to limit the spread of the coronavirus, various governments across the world are restricted the gathering of more than ten people in a closed space, and many manufacturers were ordered to shut down their production facilities. Procurement of the raw materials became a cause of concern for the manufacturers owing to the urgent measures taken across the globe to control the spread of the COVID-19, impacting the logistics. The outbreak of the COVID-19 pandemic and subsequent adoption of lockdown strategies in many countries restricted the availability of labor to carry out the production process. Thus, there were some urgent measures taken by the government of various countries, such as physical distancing and limitation of transportation to fight surge ability. The worldwide lockdown has certainly affected the production of thermal underwear. Following state and regional guidelines, manufacturers have implemented extensive measures to protect the health and safety of their employees. Many global manufacturers have temporarily closed their operations or limited the production capacity of their products. This scenario has also affected the manufacturers financially, and they are strategizing their operations to survive the pandemic with minimal losses.


Market Dynamics


The global thermal underwear market is expected to register a CAGR of 3.61% during the forecast period. Various factors are driving the growth of the market. The high demand for thermal underwear due to extreme climatic conditions among consumers is majorly driving the growth of the global thermal underwear market. The strong performance of the retail sector in the market is also expected to contribute to the market growth. Moreover, the influence of social media, innovative marketing strategies, and product launches are creating an opportunistic market for the players to grow and expand. However, the prevalence of the unorganized sector and higher prices of thermal underwear in the market are expected to restrict the growth of the market. Furthermore, low awareness of the product in developing nations creates a challenging situation for the players in the thermal underwear market.


Drivers:


  • Extreme Climatic Conditions


Due to extreme cold climatic conditions in several regions, there is a high demand for thermal underwear among consumers. In the US, many states are struck by cold storms and harsh snowfalls. To cope with the extremely harsh cold weather conditions, consumers adopt various methods to stay insulated. Warm clothing items such as jackets and sweaters do not suffice the needs of the consumers, and extra layers are required. Consumers have now started using thermal innerwear to retain the body heat and stay protected from frostbite. Thermal innerwear helps in regulating the body temperature and keeps the body warm and dry. In addition, these are bacteriaresistant, lightweight,  protect the body from the outer environment, and do not feel bulky when worn, thus making them perfect for extremely cold temperatures.



  • Strong Performance of The Retail Sector


Asia-Pacific is the key regional market for thermal underwear globally as it offers excellent growth prospects for players operating in the market. Rapid economic growth, a rising mid-income population, and high migration rates from rural to urban areas have led to an influx of international retailers in Asia-Pacific. This has encouraged the expansion of existing retail outlets in countries such as India and China, driving the growth of the regional thermal underwear market. Strong cross-boundary trades of thermal innerwear have attracted large consumers to the product line due to the easy availability of the desired product. With the strong performance of the retail sector, the sale of thermal innerwear has been experiencing a surge. Consumers prefer thermal innerwear from departmental and specialty stores, mainly due to consumers' convenience based on a one-stop shopping experience. In addition, due to technological advancements, consumers have moved towards a digital lifestyle, leading to increased sales of the product through e-commerce. A wide range of online product offerings has attracted mass consumers' attention due to a one-click shopping experience. All these factors contribute to the growth of the global thermal innerwear market.


Restraint:



  • Prevalence Of Unorganized Sector


The thermal underwear market is moderately fragmented, with a large number of players across the globe. There is stiff competition among the players in terms of design, quality, prices, and supply chain. However, the primaryfactor affecting their growth is the prevalence of the unorganized sector. The sales of the key players are majorly hampered by the local vendors, owing to their easy availability, lower price, and ease of customization. A significantshare of the population is price sensitive, especially in the emerging economies; this makes it difficult for organized brands to establish their dominance over the unorganized sector. This is expected to be a major restraint for the market during the forecast period.


Opportunities:



  • Influence of Social Media and Innovative Marketing Strategies


Social media provides a potential opportunity for product launches and branding to bridge the gap between marketers and consumers. The explosion of social media has transformed the business environment, creating new opportunities for the market players. There are continuous blogs on social media websites such as Facebook, Instagram, Twitter, and YouTube that boost thermal underwear sales. Manufacturers use social media to promote their brand and build relationships with customers by offering exclusive advice and offers. There is a continuous rise in social media content dedicated to thermal underwear under extreme cold climatic conditions. Thermal underwear has recently gained popularity due to changing fashion trends and effectiveness in cold and extreme climatic conditions. Product promotions play a very crucial role in attracting consumers toward the product range. Product promotion through popular celebrities results in strong product reorganization among the consumers leading to a positive impact on the sale. In addition, promotion through media channels has also influenced the positive growth in the thermal underwear market share. Increased promotion and spreading fashion awareness about ongoing clothing trends via vitalmeans, including magazines, newspapers, and electronic media, will direct towards solidmarketing of the product and can be seen as a potential opportunity for increased sales. Thus, social media is playing a vital role in the growth of the global thermal underwear market. It is considered an effective interactive strategy as it enables consumers to build a relationship with the brand. Marketing through social media also helps manufacturers to boost the sales of thermal underwear among consumers.


Segment Overview


By Product Type


Based on product type, the global thermal underwear market has been segmented into tops, bottoms, and sets. The tops segment accounted for the largest market share in 2020 and is projected to register a decent CAGR of 3.65% during the forecast period. However, the sets segment is expected to register the highest CAGR during the forecast period.


By Material Type


Based on material type, the global thermal underwear market has been segmented into cotton, synthetic, wool, and blends. The blends segment accounted for the largest market share in 2020 and is projected to register the highest CAGR of 3.70% during the forecast period. The synthetic segment capturedthe second-largest market in 2020.


By End User


Based on end user, the global thermal underwear market has been segmented into men, women, and kids. The men segment accounted for the largest market share in 2020 and is projected to register a decent CAGR of 3.54% during the forecast period. However, the women segment is expected to register the highest CAGR during the forecast period.


By Distribution Channel


Based on distribution channel, the global thermal underwear market has been segmented into store-based and non-store-based. The store-based sub-segment is further classified as supermarkets & hypermarkets, specialty stores, and others. The store-based segment accounted for a larger market share of 69.12% in 2020. However, the non-store-based segment is expected to register the higher CAGR of 3.76% during the forecast period.


Global Thermal Underwear Market Share, by Region, 2020 (%)
Thermal Underwear Market Share by Region 2020
Source: MRFR Analysis


Regional Analysis


By region, the global thermal underwear market has been divided into North America, Europe, Asia-Pacific, and Rest of the World.North America accounted for the largest market share of 32.50% in 2020, with a market value of USD 2,407.7 million; the market is expected to register a CAGR of 3.52%. Europe was the second-largest market in 2020, valued at USD 2,286.9 million; the market is projected to exhibit a CAGR of 3.59%. However, the market in Asia-Pacific is expected to register the highest CAGR of 3.73% during the forecast period.


North America


North America accounted for the largest share of 32.50% in the global thermal underwear market in 2020 and is projected to expand at a 3.52% CAGR during the forecast period. The growth of the North American market is anticipated to be driven by several factors. The increasing working women population in the US is anticipated to act as one of the significant factors for the rising growth of the thermal underwear market. Moreover, the expanding thermal underwear product portfolio of key manufacturers is one of the most significant factors driving the market in this region. Innovations in the designs, colors, and materials in thermal underwear are one of the main factors expected to positively impact the thermal underwear market in the US.


Asia-Pacific


Asia-Pacific is one of the most lucrative regions among the manufacturers of thermal underwear. It accounted for a 28.07% market proportion in the global thermal underwear market. The market in the region is projected to expand at a CAGR of 3.73% during the forecast period. The growth of the thermal underwear market in Asia-Pacific can be attributed to the increasing population in emerging economies of Asia-Pacific. Rapid urbanization in the emerging economies in Asia-Pacific and the rising per capita disposable incomes act as a significant factor for the growth of the thermal underwear market.


Competitive Landscape


The key players operating in the global thermal underwear market include 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). The market comprises tier-1 players along with some local players with diverse product portfolios. Companies such as PVH Corp. (US), HanesBrandsis Inc (US), Marks and Spencer plc (UK), Jockey International, Inc. (US), and Under Armour, Inc. (US) dominate the market due to brand reputation, product differentiation, financial stability, and strong distribution network. The players are focused on lowering their environmental footprint and investing in research and development along with strategic growth initiatives such as acquisitions and product launches to strengthen their market position and capture a large consumer base.


Recent Developments


Few developments occurred in recent times, influencing the market growth of the thermal underwear market are listed below:



  • In March 2021, Marks & Spencer has expanded its global footprint by launching around 50 new websites in new overseas markets.

  • In October 2020,L.L. Bean Incopened four stores in Canada in Toronto to aggressively expand the brand throughout the country.

  • In December 2019, Hanesbrands Inc.expanded its footprint in South Korea, with LF Corp. as a distribution partner. LF Corp. is a leading operator of apparel retail stores and e-commerce platforms, directly operating more than 1,400 brand stores in South Korea.


Scope of the Report


Global Thermal Underwear Market, by Product Type



  • Tops

  • Bottoms

  • Sets


Global Thermal Underwear Market, by Material Type



  • Cotton

  • Synthetic

  • Wool

  • Blends


Global Thermal Underwear Market, by End User



  • Men

  • Women

  • Kids


Global Thermal Underwear Market, by Distribution Channel



  • Store-Based

    • Supermarkets & Hypermarkets

    • Specialty Stores

    • Others



  • Non-Store-Based


Global Thermal Underwear Market, by Region



  • North America

    • US

    • Canada

    • Mexico



  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • India

    • Japan

    • Australia and New Zealand

    • Rest of Asia-Pacific



  • Rest of the World

    • South America

    • Middle East

    • Africa




Intended Audience



  • Thermal UnderwearManufacturers

  • Raw Material Suppliers

  • Distributors

  • Governments, Associations, and Industrial Bodies

  • Investors and Trade Experts



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Frequently Asked Questions (FAQ) :


thermal underwear market is expected to reach USD 9.82 billion by 2028.

thermal underwear market is expected to exhibit a strong 6.2% CAGR over the forecast period from 2020 to 2027.

The growing disposable income of consumers is the major driver for the thermal underwear market.

North America is the dominant regional market for thermal underwear.

Leading players in the thermal underwear market include Komar Brands, Gildan Activewear, and Sub Zero Technology, among others.

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY 15

1.1 MARKET ATTRACTIVENESS ANALYSIS 16

1.1.1 GLOBAL THERMAL UNDERWEAR MARKET, BY PRODUCT TYPE 17

1.1.2 GLOBAL THERMAL UNDERWEAR MARKET, BY MATERIAL TYPE 18

1.1.3 GLOBAL THERMAL UNDERWEAR MARKET, BY END USER 19

1.1.4 GLOBAL THERMAL UNDERWEAR MARKET, BY DISTRIBUTION CHANNEL 20

1.1.5 GLOBAL THERMAL UNDERWEAR MARKET, BY REGION 21

2 MARKET INTRODUCTION 22

2.1 SCOPE OF THE STUDY 22

2.2 RESEARCH OBJECTIVE 22

2.3 MARKET STRUCTURE 23

2.4 KEY BUYING CRITERIA 23

3 RESEARCH METHODOLOGY 24

3.1 RESEARCH PROCESS 24

3.2 PRIMARY RESEARCH 25

3.3 SECONDARY RESEARCH 26

3.4 MARKET SIZE ESTIMATION 27

3.5 FORECAST MODEL 28

3.6 LIST OF ASSUMPTIONS & LIMITATIONS 29

4 MARKET INSIGHTS 30

5 MARKET DYNAMICS 32

5.1 INTRODUCTION 32

5.2 DRIVERS 33

5.2.1 EXTREME CLIMATIC CONDITIONS 33

5.2.2 STRONG PERFORMANCE OF THE RETAIL SECTOR 33

5.2.3 DRIVERS IMPACT ANALYSIS 33

5.3 RESTRAINT 34

5.3.1 PREVALENCE OF UNORGANIZED SECTOR 34

5.3.2 RESTRAINTS IMPACT ANALYSIS 34

5.4 OPPORTUNITIES 34

5.4.1 INFLUENCE OF SOCIAL MEDIA AND INNOVATIVE MARKETING STRATEGIES 34

5.4.2 PRODUCT INNOVATIONS 35

5.5 CHALLENGES 35

5.5.1 LOW AWARENESS OF PRODUCT IN DEVELOPING NATIONS 35

6 MARKET FACTOR ANALYSIS 36

6.1 VALUE CHAIN ANALYSIS 36

6.1.1 RAW MATERIAL PROCUREMENT 38

6.1.2 PROCESSING 38

6.1.3 PACKAGING 38

6.2 SUPPLY CHAIN ANALYSIS 39

6.3 PORTER’S FIVE FORCES MODEL 40

6.3.1 THREAT OF NEW ENTRANTS 40

6.3.2 BARGAINING POWER OF SUPPLIERS 41

6.3.3 THREAT OF SUBSTITUTES 41

6.3.4 BARGAINING POWER OF BUYERS 41

6.3.5 INTENSITY OF RIVALRY 41

6.4 IMPACT OF THE COVID-19 OUTBREAK ON GLOBAL THERMAL UNDERWEAR MARKET 42

6.4.1 OVERVIEW 42

6.4.2 IMPACT ON PRODUCTION 42

6.4.3 IMPACT ON SUPPLY CHAIN 42

6.4.4 IMPACT ON CONSUMER BUYING BEHAVIOR 42

6.4.5 IMPACT ON SALES (STORE-BASED VS ONLINE) 43

7 GLOBAL THERMAL UNDERWEAR MARKET, BY PRODUCT TYPE 44

7.1 OVERVIEW 44

7.1.1 GLOBAL THERMAL UNDERWEAR MARKET ESTIMATES & FORECAST, BY PRODUCT TYPE, 2019–2028 45

7.2 TOPS 46

7.2.1 TOPS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 46

7.3 BOTTOMS 47

7.3.1 BOTTOMS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 47

7.4 SETS 48

7.4.1 SETS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 48

8 GLOBAL THERMAL UNDERWEAR MARKET, BY MATERIAL TYPE 49

8.1 OVERVIEW 49

8.1.1 GLOBAL THERMAL UNDERWEAR MARKET ESTIMATES & FORECAST, BY MATERIAL TYPE, 2019–2028 50

8.2 COTTON 51

8.2.1 COTTON: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 51

8.3 SYNTHETIC 52

8.3.1 SYNTHETIC: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 52

8.4 WOOL 53

8.4.1 WOOL: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 53


8.5 BLENDS 54

8.5.1 BLENDS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 54

9 GLOBAL THERMAL UNDERWEAR MARKET, BY END USER 55

9.1 OVERVIEW 55

9.1.1 GLOBAL THERMAL UNDERWEAR MARKET ESTIMATES & FORECAST, BY END USER, 2019–2028 56

9.2 MEN 57

9.2.1 MEN: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 57

9.3 WOMEN 58

9.3.1 WOMEN: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 58

9.4 KIDS 59

9.4.1 KIDS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 59

10 GLOBAL THERMAL UNDERWEAR MARKET, BY DISTRIBUTION CHANNEL 60

10.1 OVERVIEW 60

10.1.1 GLOBAL THERMAL UNDERWEAR MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2019–2028 61

10.2 STORE-BASED 62

10.2.1 STORE-BASED: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 62

10.3 NON-STORE-BASED 63

10.3.1 NON-STORE-BASED: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 63

11 GLOBAL THERMAL UNDERWEAR MARKET, BY REGION 64

11.1 OVERVIEW 64

11.1.1 GLOBAL THERMAL UNDERWEAR MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 65

11.2 NORTH AMERICA 66

11.2.1 US 69

11.2.2 CANADA 71

11.2.3 MEXICO 73

11.3 EUROPE 75

11.3.1 GERMANY 78

11.3.2 UK 80

11.3.3 FRANCE 82

11.3.4 SPAIN 84

11.3.5 ITALY 86

11.3.6 REST OF EUROPE 88

11.4 ASIA-PACIFIC 91

11.4.1 CHINA 94

11.4.2 JAPAN 96

11.4.3 INDIA 98

11.4.4 AUSTRALIA & NEW ZEALAND 100

11.4.5 REST OF ASIA-PACIFIC 102

11.5 REST OF THE WORLD 105

11.5.1 SOUTH AMERICA 108

11.5.2 MIDDLE EAST 110

11.5.3 AFRICA 112

12 COMPETITIVE LANDSCAPE 114

12.1 INTRODUCTION 114

12.1.1 MARKET STRATEGY ANALYSIS 114

12.2 COMPETITIVE BENCHMARKING 115

12.3 KEY DEVELOPMENTS & GROWTH STRATEGIES 116

12.3.1 EXPANSION 116

13 COMPANY PROFILES 117

13.1 PVH CORP. 117

13.1.1 COMPANY OVERVIEW 117

13.1.2 FINANCIAL OVERVIEW 118

13.1.3 PRODUCTS OFFERED 119

13.1.4 KEY DEVELOPMENTS 119

13.1.5 SWOT ANALYSIS 120

13.1.6 KEY STRATEGIES 120

13.2 HANESBRANDS INC 121

13.2.1 COMPANY OVERVIEW 121

13.2.2 FINANCIAL OVERVIEW 121

13.2.3 PRODUCTS OFFERED 122

13.2.4 KEY DEVELOPMENTS 123

13.2.5 SWOT ANALYSIS 124

13.2.6 KEY STRATEGIES 124

13.3 MARKS AND& SPENCER GROUP PLC 125

13.3.1 COMPANY OVERVIEW 125

13.3.2 FINANCIAL OVERVIEW 125

13.3.3 PRODUCTS OFFERED 126

13.3.4 KEY DEVELOPMENTS 127

13.3.5 SWOT ANALYSIS 127

13.3.6 KEY STRATEGIES 127

13.4 JOCKEY INTERNATIONAL, INC. 128

13.4.1 COMPANY OVERVIEW 128

13.4.2 FINANCIAL OVERVIEW 128

13.4.3 PRODUCTS OFFERED 128

13.4.4 KEY DEVELOPMENTS 129

13.4.5 SWOT ANALYSIS 130

13.4.6 KEY STRATEGIES 130

13.5 UNDER ARMOUR, INC. 131

13.5.1 COMPANY OVERVIEW 131

13.5.2 FINANCIAL OVERVIEW 131

13.5.3 PRODUCTS OFFERED 132

13.5.4 KEY DEVELOPMENTS 133

13.5.5 SWOT ANALYSIS 134

13.5.6 KEY STRATEGIES 134

13.6 SMARTWOOL LLC 135

13.6.1 COMPANY OVERVIEW 135

13.6.2 FINANCIAL OVERVIEW 135

13.6.3 PRODUCTS OFFERED 136

13.6.4 KEY DEVELOPMENTS 136

13.6.5 KEY STRATEGIES 136

13.7 L.L.BEAN INC. 137

13.7.1 COMPANY OVERVIEW 137

13.7.2 FINANCIAL OVERVIEW 137

13.7.3 PRODUCTS OFFERED 137

13.7.4 KEY DEVELOPMENTS 138

13.7.5 KEY STRATEGIES 138

13.8 FRUIT OF THE LOOM, INC. 139

13.8.1 COMPANY OVERVIEW 139

13.8.2 FINANCIAL OVERVIEW 139

13.8.3 PRODUCTS OFFERED 140

13.8.4 KEY DEVELOPMENTS 140

13.8.5 KEY STRATEGIES 140

13.9 BODTEK 141

13.9.1 COMPANY OVERVIEW 141

13.9.2 FINANCIAL OVERVIEW 141

13.9.3 PRODUCTS OFFERED 141

13.9.4 KEY DEVELOPMENTS 141

13.9.5 KEY STRATEGIES 141

13.10 THERMAJOHN 142

13.10.1 COMPANY OVERVIEW 142

13.10.2 FINANCIAL OVERVIEW 142

13.10.3 PRODUCTS OFFERED 142

13.10.4 KEY DEVELOPMENTS 143

13.10.5 KEY STRATEGIES 143

14 APPENDIX 144

14.1 REFERENCES 144

14.2 RELATED REPORTS 144


LIST OF TABLES

TABLE 1 PRIMARY INTERVIEWS 25

TABLE 2 LIST OF ASSUMPTIONS & LIMITATIONS 29

TABLE 3 GLOBAL THERMAL UNDERWEAR MARKET ESTIMATES & FORECAST, BY PRODUCT TYPE, 2019–2028 (USD MILLION) 45

TABLE 4 TOPS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 46

TABLE 5 BOTTOMS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 47

TABLE 6 SETS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 48

TABLE 7 GLOBAL THERMAL UNDERWEAR MARKET ESTIMATES & FORECAST, BY MATERIAL TYPE, 2019–2028 (USD MILLION) 50

TABLE 8 COTTON: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 51

TABLE 9 SYNTHETIC: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 52

TABLE 10 WOOL: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 53

TABLE 11 BLENDS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 54

TABLE 12 GLOBAL THERMAL UNDERWEAR MARKET ESTIMATES & FORECAST, BY END USER, 2019–2028 (USD MILLION) 56

TABLE 13 MEN: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 57

TABLE 14 WOMEN: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 58

TABLE 15 KIDS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 59

TABLE 16 GLOBAL THERMAL UNDERWEAR MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2019–2028 (USD MILLION) 61

TABLE 17 STORE-BASED: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 62

TABLE 18 NON-STORE-BASED: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 63

TABLE 19 GLOBAL THERMAL UNDERWEAR MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 65

TABLE 20 NORTH AMERICA: MARKET ESTIMATES & FORECAST, BY COUNTRY, 2019–2028 (USD MILLION) 67

TABLE 21 NORTH AMERICA: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD MILLION) 67

TABLE 22 NORTH AMERICA: MARKET ESTIMATES, BY MATERIAL TYPE, 2019–2028 (USD MILLION) 67

TABLE 23 NORTH AMERICA: MARKET ESTIMATES, BY END USER, 2019–2028 (USD MILLION) 68

TABLE 24 NORTH AMERICA: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD MILLION) 68

TABLE 25 US: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD MILLION) 69

TABLE 26 US: MARKET ESTIMATES, BY MATERIAL TYPE, 2019–2028 (USD MILLION) 69

TABLE 27 US: MARKET ESTIMATES, BY END USER, 2019–2028 (USD MILLION) 70

TABLE 28 US: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD MILLION) 70

TABLE 29 CANADA: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD MILLION) 71

TABLE 30 CANADA: MARKET ESTIMATES, BY MATERIAL TYPE, 2019–2028 (USD MILLION) 71

TABLE 31 CANADA: MARKET ESTIMATES, BY END USER, 2019–2028 (USD MILLION) 72

TABLE 32 CANADA: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD MILLION) 72

TABLE 33 MEXICO: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD MILLION) 73

TABLE 34 MEXICO: MARKET ESTIMATES, BY MATERIAL TYPE, 2019–2028 (USD MILLION) 73

TABLE 35 MEXICO: MARKET ESTIMATES, BY END USER, 2019–2028 (USD MILLION) 74

TABLE 36 MEXICO: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD MILLION) 74

TABLE 37 EUROPE: MARKET ESTIMATES & FORECAST, BY COUNTRY, 2019–2028 (USD MILLION) 76

TABLE 38 EUROPE: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD MILLION) 76

TABLE 39 EUROPE: MARKET ESTIMATES, BY MATERIAL TYPE, 2019–2028 (USD MILLION) 77

TABLE 40 EUROPE: MARKET ESTIMATES, BY END USER, 2019–2028 (USD MILLION) 77

TABLE 41 EUROPE: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD MILLION) 78

TABLE 42 GERMANY: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD MILLION) 78

TABLE 43 GERMANY: MARKET ESTIMATES, BY MATERIAL TYPE, 2019–2028 (USD MILLION) 79

TABLE 44 GERMANY: MARKET ESTIMATES, BY END USER, 2019–2028 (USD MILLION) 79

TABLE 45 GERMANY: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD MILLION) 80

TABLE 46 UK: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD MILLION) 80

TABLE 47 UK: MARKET ESTIMATES, BY MATERIAL TYPE, 2019–2028 (USD MILLION) 81

TABLE 48 UK: MARKET ESTIMATES, BY END USER, 2019–2028 (USD MILLION) 81

TABLE 49 UK: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD MILLION) 82

TABLE 50 FRANCE: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD MILLION) 82

TABLE 51 FRANCE: MARKET ESTIMATES, BY MATERIAL TYPE, 2019–2028 (USD MILLION) 83

TABLE 52 FRANCE: MARKET ESTIMATES, BY END USER, 2019–2028 (USD MILLION) 83

TABLE 53 FRANCE: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD MILLION) 84

TABLE 54 SPAIN: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD MILLION) 84

TABLE 55 SPAIN: MARKET ESTIMATES, BY MATERIAL TYPE, 2019–2028 (USD MILLION) 85

TABLE 56 SPAIN: MARKET ESTIMATES, BY END USER, 2019–2028 (USD MILLION) 85

TABLE 57 SPAIN: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD MILLION) 86

TABLE 58 ITALY: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD MILLION) 86

TABLE 59 ITALY: MARKET ESTIMATES, BY MATERIAL TYPE, 2019–2028 (USD MILLION) 87

TABLE 60 ITALY: MARKET ESTIMATES, BY END USER, 2019–2028 (USD MILLION) 87

TABLE 61 ITALY: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD MILLION) 88

TABLE 62 REST OF EUROPE: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD MILLION) 88

TABLE 63 REST OF EUROPE: MARKET ESTIMATES, BY MATERIAL TYPE, 2019–2028 (USD MILLION) 89

TABLE 64 REST OF EUROPE: MARKET ESTIMATES, BY END USER, 2019–2028 (USD MILLION) 89

TABLE 65 REST OF EUROPE: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD MILLION) 90

TABLE 66 ASIA-PACIFIC: MARKET ESTIMATES & FORECAST, BY COUNTRY, 2019–2028 (USD MILLION) 92

TABLE 67 ASIA-PACIFIC: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD MILLION) 92

TABLE 68 ASIA-PACIFIC: MARKET ESTIMATES, BY MATERIAL TYPE, 2019–2028 (USD MILLION) 93

TABLE 69 ASIA-PACIFIC: MARKET ESTIMATES, BY END USER, 2019–2028 (USD MILLION) 93

TABLE 70 ASIA-PACIFIC: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD MILLION) 94

TABLE 71 CHINA: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD MILLION) 94

TABLE 72 CHINA: MARKET ESTIMATES, BY MATERIAL TYPE, 2019–2028 (USD MILLION) 95

TABLE 73 CHINA: MARKET ESTIMATES, BY END USER, 2019–2028 (USD MILLION) 95

TABLE 74 CHINA: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD MILLION) 96

TABLE 75 JAPAN: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD MILLION) 96

TABLE 76 JAPAN: MARKET ESTIMATES, BY MATERIAL TYPE, 2019–2028 (USD MILLION) 97

TABLE 77 JAPAN: MARKET ESTIMATES, BY END USER, 2019–2028 (USD MILLION) 97

TABLE 78 JAPAN: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD MILLION) 98

TABLE 79 INDIA: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD MILLION) 98

TABLE 80 INDIA: MARKET ESTIMATES, BY MATERIAL TYPE, 2019–2028 (USD MILLION) 99

TABLE 81 INDIA: MARKET ESTIMATES, BY END USER, 2019–2028 (USD MILLION) 99

TABLE 82 INDIA: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD MILLION) 100

TABLE 83 AUSTRALIA & NEW ZEALAND: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD MILLION) 100

TABLE 84 AUSTRALIA & NEW ZEALAND: MARKET ESTIMATES, BY MATERIAL TYPE, 2019–2028 (USD MILLION) 101

TABLE 85 AUSTRALIA & NEW ZEALAND: MARKET ESTIMATES, BY END USER, 2019–2028 (USD MILLION) 101

TABLE 86 AUSTRALIA & NEW ZEALAND: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD MILLION) 102

TABLE 87 REST OF ASIA-PACIFIC: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD MILLION) 102

TABLE 88 REST OF ASIA-PACIFIC: MARKET ESTIMATES, BY MATERIAL TYPE, 2019–2028 (USD MILLION) 103

TABLE 89 REST OF ASIA-PACIFIC: MARKET ESTIMATES, BY END USER, 2019–2028 (USD MILLION) 103

TABLE 90 REST OF ASIA-PACIFIC: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD MILLION) 104

TABLE 91 REST OF THE WORLD: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 106

TABLE 92 REST OF THE WORLD: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD MILLION) 106

TABLE 93 REST OF THE WORLD: MARKET ESTIMATES, BY MATERIAL TYPE, 2019–2028 (USD MILLION) 106

TABLE 94 REST OF THE WORLD: MARKET ESTIMATES, BY END USER, 2019–2028 (USD MILLION) 107

TABLE 95 REST OF THE WORLD: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD MILLION) 107

TABLE 96 SOUTH AMERICA: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD MILLION) 108

TABLE 97 SOUTH AMERICA: MARKET ESTIMATES, BY MATERIAL TYPE, 2019–2028 (USD MILLION) 108

TABLE 98 SOUTH AMERICA: MARKET ESTIMATES, BY END USER, 2019–2028 (USD MILLION) 109

TABLE 99 SOUTH AMERICA: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD MILLION) 109

TABLE 100 MIDDLE EAST: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD MILLION) 110

TABLE 101 MIDDLE EAST: MARKET ESTIMATES, BY MATERIAL TYPE, 2019–2028 (USD MILLION) 110

TABLE 102 MIDDLE EAST: MARKET ESTIMATES, BY END USER, 2019–2028 (USD MILLION) 111

TABLE 103 MIDDLE EAST: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD MILLION) 111

TABLE 104 AFRICA: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD MILLION) 112

TABLE 105 AFRICA: MARKET ESTIMATES, BY MATERIAL TYPE, 2019–2028 (USD MILLION) 112

TABLE 106 AFRICA: MARKET ESTIMATES, BY END USER, 2019–2028 (USD MILLION) 113

TABLE 107 AFRICA: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD MILLION) 113

TABLE 108 EXPANSION 116

TABLE 109 PVH CORP.: PRODUCTS OFFERED 119

TABLE 110 HANESBRANDS INC: PRODUCTS OFFERED 122

TABLE 111 HANESBRANDS INC: KEY DEVELOPMENTS 123

TABLE 112 MARKS AND SPENCER PLC: PRODUCTS OFFERED 126

TABLE 113 MARKS AND SPENCER PLC: KEY DEVELOPMENTS 127

TABLE 114 JOCKEY INTERNATIONAL, INC.: PRODUCTS OFFERED 128

TABLE 115 UNDER ARMOUR, INC.: PRODUCTS OFFERED 132

TABLE 116 UNDER ARMOUR, INC.: KEY DEVELOPMENTS 133

TABLE 117 SMARTWOOL LLC: PRODUCTS OFFERED 136

TABLE 118 L.L.BEAN INC.: PRODUCTS OFFERED 137

TABLE 119 L.L.BEAN INC.: KEY DEVELOPMENTS 138

TABLE 120 FRUIT OF THE LOOM, INC.: PRODUCTS OFFERED 140

TABLE 121 BODTEK: PRODUCTS OFFERED 141

TABLE 122 THERMAJOHN: PRODUCTS OFFERED 142


LIST OF FIGURES

FIGURE 1 MARKET SYNOPSIS 15

FIGURE 2 MARKET ATTRACTIVENESS ANALYSIS: GLOBAL THERMAL UNDERWEAR MARKET, 2020 16

FIGURE 3 GLOBAL THERMAL UNDERWEAR MARKET ANALYSIS, BY PRODUCT TYPE, 2020 17

FIGURE 4 GLOBAL THERMAL UNDERWEAR MARKET ANALYSIS, BY MATERIAL TYPE, 2020 18

FIGURE 5 GLOBAL THERMAL UNDERWEAR MARKET ANALYSIS, BY END USER, 2020 19

FIGURE 6 GLOBAL THERMAL UNDERWEAR MARKET ANALYSIS, BY DISTRIBUTION CHANNEL, 2020 20

FIGURE 7 GLOBAL THERMAL UNDERWEAR MARKET ANALYSIS, BY REGION, 2020 21

FIGURE 8 GLOBAL THERMAL UNDERWEAR MARKET: STRUCTURE 23

FIGURE 9 KEY BUYING CRITERIA FOR THERMAL UNDERWEAR MARKET 23

FIGURE 10 RESEARCH PROCESS 24

FIGURE 11 TOP-DOWN AND BOTTOM-UP APPROACHES 27

FIGURE 12 NORTH AMERICA: THERMAL UNDERWEAR MARKET SIZE, BY COUNTRY (2020 VS. 2028) 30

FIGURE 13 EUROPE: THERMAL UNDERWEAR MARKET SIZE, BY COUNTRY (2020 VS. 2028) 30

FIGURE 14 ASIA-PACIFIC: THERMAL UNDERWEAR MARKET SIZE, BY COUNTRY (2020 VS. 2028) 31

FIGURE 15 REST OF THE WORLD: THERMAL UNDERWEAR MARKET SIZE, BY REGION (2020 VS. 2028) 31

FIGURE 16 MARKET DYNAMICS OVERVIEW 32

FIGURE 17 DRIVERS IMPACT ANALYSIS: GLOBAL THERMAL UNDERWEAR MARKET 33

FIGURE 18 RESTRAINTS IMPACT ANALYSIS: GLOBAL THERMAL UNDERWEAR MARKET 34

FIGURE 19 VALUE CHAIN: GLOBAL THERMAL UNDERWEAR MARKET 37

FIGURE 20 GLOBAL THERMAL UNDERWEAR MARKET: SUPPLY CHAIN ANALYSIS 39

FIGURE 22 GLOBAL THERMAL UNDERWEAR MARKET, BY PRODUCT TYPE, 2020 (% SHARE) 44

FIGURE 23 GLOBAL THERMAL UNDERWEAR MARKET, BY PRODUCT TYPE, 2019–2028 (USD MILLION) 45

FIGURE 24 GLOBAL THERMAL UNDERWEAR MARKET, BY MATERIAL TYPE, 2020 (% SHARE) 49

FIGURE 25 GLOBAL THERMAL UNDERWEAR MARKET, BY MATERIAL TYPE, 2019–2028 (USD MILLION) 50

FIGURE 26 GLOBAL THERMAL UNDERWEAR MARKET, BY END USER, 2020 (% SHARE) 55

FIGURE 27 GLOBAL THERMAL UNDERWEAR MARKET, BY END USER, 2019–2028 (USD MILLION) 56

FIGURE 28 GLOBAL THERMAL UNDERWEAR MARKET, BY DISTRIBUTION CHANNEL, 2020 (% SHARE) 60

FIGURE 29 GLOBAL THERMAL UNDERWEAR MARKET, BY DISTRIBUTION CHANNEL, 2019–2028 (USD MILLION) 61

FIGURE 30 GLOBAL THERMAL UNDERWEAR MARKET, BY REGION, 2019–2028 (USD MILLION) 64

FIGURE 31 GLOBAL THERMAL UNDERWEAR MARKET, BY REGION, 2020 (% SHARE) 65

FIGURE 32 NORTH AMERICA: THERMAL UNDERWEAR MARKET SHARE, BY COUNTRY, 2020 (% SHARE) 66

FIGURE 33 EUROPE: THERMAL UNDERWEAR MARKET SHARE, BY COUNTRY, 2020 (% SHARE) 75

FIGURE 34 ASIA-PACIFIC: THERMAL UNDERWEAR MARKET SHARE, BY COUNTRY, 2020 (% SHARE) 91

FIGURE 35 REST OF THE WORLD: THERMAL UNDERWEAR MARKET SHARE, BY REGION, 2020 (% SHARE) 105

FIGURE 36 PVH CORP.: FINANCIAL OVERVIEW SNAPSHOT 118

FIGURE 37 PVH CORP.: SWOT ANALYSIS 120

FIGURE 38 HANESBRANDS INC: FINANCIAL OVERVIEW SNAPSHOT 121

FIGURE 39 HANESBRANDS INC: SWOT ANALYSIS 124

FIGURE 40 MARKS AND SPENCER PLC: FINANCIAL OVERVIEW SNAPSHOT 125

FIGURE 41 MARKS AND SPENCER PLC: SWOT ANALYSIS 127

FIGURE 42 JOCKEY INTERNATIONAL, INC.: SWOT ANALYSIS 130

FIGURE 43 UNDER ARMOUR, INC.: FINANCIAL OVERVIEW SNAPSHOT 131

FIGURE 44 UNDER ARMOUR, INC.: SWOT ANALYSIS 134

FIGURE 45 SMARTWOOL LLC: FINANCIAL OVERVIEW SNAPSHOT 135

FIGURE 46 FRUIT OF THE LOOM, INC: FINANCIAL OVERVIEW SNAPSHOT 139