Triumph is One of the Major Intimate Apparel Players with a share of 3.82% in 2023

Global Intimate Apparel Market Overview

According to Global Market Monitor, the intimate apparel market size is $179.83 billion in 2024 and is expected to grow to $231.95 billion by 2029.

Intimate apparels are the undergarments worn next to the skin, under the outer garments. A corset is a type of intimate apparel, which is worn by men or women as a foundation garment to alter the body shape. Intimate apparels help to reduce the friction of outerwear against the skin and help to keep outer garments from being damaged or soiled by bodily excretions. Intimate apparels also shape the body and provide support or concealment to various body parts.

Online Sales   

The online sales model of intimate apparel has further developed, mainly due to the growing demand for more convenient e-commerce services from self-isolated consumers. Other advantages include home delivery services, more product choices, potentially lower prices (online stores do not have to pay for the management of physical stores) and help reduce the pressure on physical stores.

With the development of the global Internet industry and the popularity of smart devices, the e-commerce industry is rapidly developing. With the popularization of e-commerce, the shift of consumption habits of mainstream consumer groups to the Internet will drive consumers' willingness to consume and will also help manufacturers expand their sales platforms. The development of the e-commerce industry is also changing the sales model of the intimate apparel industry, bringing opportunities for the development of the industry.

Customized Requirements    

With the continuous development of the economy and the continuous improvement of people's material living standards, the demand for underwear is also rising. The increase in various types of underwear customization is an important growth driver for the global intimate apparel market, as suppliers are focusing on meeting the specific needs of different consumers. The increase in the customization of bras is the main demand driver for women's intimate apparel, which has further promoted the growth of the intimate apparel market. Growing economic growth and the gradual increase in per capita income and population are other driving factors that are accelerating the growth of the global intimate apparel market.

Rising labor costs

Increasing labor productivity, inflation, and national security have led to rising labor costs worldwide. As a labor-intensive industry, the clothing industry is greatly affected by labor costs. Rising manufacturing costs continue to squeeze industry profitability. Especially in some developing countries, the competition of product homogeneity is severe, and the market concentration is low, and many small businesses are facing the risk of continued shrinking profits. Manufacturers of intimate apparel are also transforming into intelligent and green mid- to high-end manufacturing enterprises, which has made small and medium-sized enterprises face greater pressure for survival.

Triumph is one of the major players operating in the Intimate Apparel market, holding a share of 3.82% in 2023.Triumph International is an international company that produces underwear, founded in Heubach, Germany in 1886, with branches in 50 countries around the world. In addition to the Triumph brand, the company also includes two major brands, sloggi and BeeDees. Since the 1960s, Triumph International has been a leader in the industry, especially in the field of lingerie and nightwear.

Company Name	Triumph
Website	www.triumph.com
Established Time	1866
Plants Distribution	Worldwide
Sales Region	Worldwide