APAC Online Lingerie Sector to Post 27.81% CAGR to 2020, States Infiniti Research in Its Topical Report Available at MarketPublishers.com16 May 2016 • by Natalie Aster
LONDON – The evolving fashion industry and the surging need for convenience have led to the elevated demand for lingerie (ladies’ innerwear) across the Asia-Pacific region. The opening of online lingerie boutiques has given a boost to the global lingerie industry due to their capability to offer a broad range of private and international labels via one platform.
Forecasts say the APAC online lingerie market will gain traction, registering a 27.81% CAGR through to 2020. The key drivers include, among others, a surge in the mobile cellular and smartphone penetration rates, expanding electronic commerce sector, increase in disposable incomes amid emerging middle-class population, price discounts and special offerings, and changing preferences of consumers. The marketplace has been a witness to the availability of leading brands online and the preference for omnichannel retailing; usage of location-based technologies for improving customer experience; and the availability of measurement applications and pertinent websites.However, a number of technical issues, difficulty in selecting products, packaging and delivery issues, and reduced marginal income could threaten the growth of the sector.
Chantelle, Baci Lingerie, Hanesbrands, Jockey, Wolford, L Brands, PVH, Etam, Triumph, Golden Lady, Lindex, and Wacoal are the leading players in the domain.
In-demand report “Online Lingerie Market in APAC 2016-2020” elaborated by Infiniti Research analyses the actual scenario and future prospects of the regional market, segmenting it based on product and key country. It outlines the key trends in the industry, assesses the major drivers and identifies the challenges hindering the industry’s growth. The study evaluates the competitive scenario and discusses the prominent vendors with their weak points and strengths, as well as gives an insightful examination of the manifold opportunities in the marketplace.
More comprehensive reports by this publisher can be found at Infiniti Research page.