In 2023, there were 138 enterprises in the underwear sector in Germany. According to the forecasted data for 2024 to 2028, the number of enterprises is expected to experience a gradual decline from 135 to 124. This depicts an average annual decrease (CAGR) of approximately 2.14%. Year-on-year, the sector is anticipated to contract by 2.22% in 2025, 2.27% in 2026, 2.33% in 2027, and 1.59% in 2028, suggesting a consistent diminishing trend.
Future trends to watch for:
- Potential for market consolidation as larger companies absorb smaller ones due to competitive pressures.
- Innovation in sustainable materials could spur interest and investment despite the overall decline.
- Monitoring the impact of economic fluctuations and consumer behavior on the industry.
