Between 2013 and 2023, the market size for men's and boys' underpants and briefs of knitted or crocheted textiles in Austria, measured in millions, showed fluctuating growth, initially dropping in 2014 before recovering over the subsequent years. The year-on-year increase has gradually slowed since 2018, with a minor growth of 0.81% recorded in 2023, reflecting a relatively saturated market. The five-year compound annual growth rate (CAGR) from 2019 to 2023 was slightly negative, indicating a stabilization phase in market expansion.
Future trends to watch for include:
- Technological innovation in textiles aiming for comfort and sustainability might drive demand.
- Consumer preference shifts towards eco-friendly and ethical products.
- Potential market expansion due to an increase in online retail and personalized clothing options.