ReportBuyer.com, the online destination for business intelligence for major industry sectors, has added a new report which predicts that the total UK market for lingerie will be worth 2.73 billion by the end of 2008.
The publication, Lingerie – Market Report 2008, finds that this represents a growth of 16.5% since 2004.
Authors of the report say that this is a healthy market, dominated by new product development and exciting activity, particularly at the high and niche ends of the market. However, they caution that despite showing a strong rate of growth in 2007, largely expected to continue into this year, the market may have been dampened somewhat by a slowdown in consumer spending on the high street, as well as a relatively flat period for price rises.
The study says the lingerie market is broken up into three sectors, consisting of corsetry, lingerie and hosiery. Corsetry comprises the largest sector and has seen healthy growth over the review period (2004 to 2008), partly due to a growing tend among women to invest in well-fitting bras.
The second-largest sector is lingerie and women have been encouraged to buy more lingerie such as camisoles and vests that are also worn as outer garments occasionally. In addition, opaques, sheer tights, stockings and hold-ups have become much more popular in recent years, as have fashion socks and footless tights – primarily among younger women.
ReportBuyer.com product ID: KEY00027
ReportBuyer.com Category: Consumer Goods/Retail
