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Bra Market is Expected to Reach US$ 34,914.7 Million by 2026; Noted TMR

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News provided by

Transparency Market Research

26 Feb, 2019, 11:00 GMT

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ALBANY, New York, Feb. 26, 2019 /PRNewswire/ -- The global bra market bears a highly fragmented vendor landscape, says Transparency Market Research (TMR) in a recently published report. This can be attributed to the presence of a large number of small- and large-scale companies in the bra market. Hanesbrands Inc., Berkshire Hathaway, Triumph International, Jockey International, and Wolf Lingerie Ltd., are the dominant players operating in the global bra market.

A key strategy adopted by players in the global bra market to outshine their rivals is constant product development along with expanding manufacturing capacity for satisfying consumer preferences. The competition among players are getting intensified due to the entry of several local players who are concentrating on strong marketing and promotional activities. They are focusing hard on product innovations coupled with technological advancements to steal a march over competitors. Regulating costs along with delivering quality bras is a key strategy of most businesses present in the global bra market.

Get PDF Brochure for Research Insights at: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=50208

According to experts from TMR, the global bra market is expected to gain revenue worth US$34,914.7 Mn by the end of 2026. Experts project this growth to occur at a promising CAGR of 4.1% during the forecast period from 2018 to 2026.

Among the various products, growing demand for padded bras is expected to boost the global bra market. This is because wearing padded bra helps in maintaining breast's shape. Increasing popularity of padded bra and high standard of living also is advantageous to the market's expansion. Region wise, Asia Pacific is expected to account for a leading share in the global bra market in the coming years. This is attributed to rising use of different types of bras coupled with increasing number of manufacturers in the region.

Request a Sample of Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=50208 

Increasing Number of Working Women Stokes Demand in Bra Market

Women worldwide are changing their attitude towards choosing innerwear. Women are selecting innerwear which can match their attire. Purchasing different types of bras are highly dependent on different occasions. However, growing numbers of working women, increasing demand for different types of bras such as padded and non-padded, and rising sophistication of younger women are major factors driving the global bra market.

Women belonging up upper middle and upper class are increasing their purchasing power, mainly owing to their ability to differentiate between various brands. There are several types of bras available in the market such as nursing bra, sports bra, adhesive/stick-on bra, and multi-way bra. Such bras provide support to the breasts and prevent the breast from sagging. Furthermore, rising demand for comfort, increasing need for better performance during sports activities, and growing number of sports enthusiast and athletes are fueling the demand for padded bras, which in turn is also boosting the global bra market.

Have Any Query? Ask Our Industry Expert: https://www.transparencymarketresearch.com/sample/sample.php?flag=ASK&rep_id=50208 

High Production Cost of Bra Hinders Market Growth

A few challenges hindering the growth of the global bra market are high manufacturing costs of bra, low availability of good quality bras, and high price of fabrics or raw materials required for bra production. Nonetheless, a persistent demand for elastic bras and strapless bras, and growing adoption of padded bras are believed to help overcome these challenges in the near future.

This review is based on Transparency Market Research's report, titled "Bra Market (Product Type - Padded Bra (Sports Bra, Nursing Bra, Convertible and Multi-Way Bra, Adhesive and Stick-On Bra), Non Padded Bra (Sports Bra, Nursing Bra, Convertible and Multi-Way Bra, Adhesive and Stick-On Bra)) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026".

Request For Discount On This Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=50208 

The segmentation of global Bra Market is based on:

Product Type

  • Padded Bra
  • Sports Bra
  • Nursing Bra
  • Convertible/Multi-way Bra
  • Adhesive/Stick-On Bra
  • Others
  • Non Padded Bra
  • Sports Bra
  • Nursing Bra
  • Convertible/Multi-way Bra
  • Adhesive/Stick-On Bra
  • Others

Geography

  • North America

o   The U.S.
o   Canada
o   Rest of North America

  • Europe

o   The U.K.
o   Germany
o   France
o   Rest of Europe

  • Asia Pacific

o China
o Japan
o India
o Rest of Asia Pacific

  • Middle East & Africa (MEA)

o GCC Countries
o South Africa
o Rest of Middle East & Africa

  • South America

o Brazil
o Rest of South America

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  • Hair Color Market - https://www.transparencymarketresearch.com/hair-color-market.html
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About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Contact

Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com

Website: https://www.transparencymarketresearch.com 
Research Blog: https://tmrblog.com/

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