Posted by According to IMARC Group’s latest report, titled “Menswear Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The global menswear market size reached US$ 560.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 792.0 Billion by 2028, exhibiting a growth rate (CAGR) of 6.08% during 2023-2028.
Menswear is typically made of durable and structured fabrics with neutral colors and more subdued embellishments as compared to women’s apparel. It is available in various types, such as sportswear, winterwear, nightwear, denim, casuals, formals, ethnic, etc. Customized and tailored menswear is among the popular trends gaining traction across the globe. As a result, it is extensively available in supermarkets, exclusive stores, hypermarkets, multi-brand retail outlets, online stores, etc.
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Market Trends
The escalating product demand on account of the growing fashion-consciousness and awareness towards the importance of personal appearance among men is primarily driving the menswear market. Besides this, the expanding e-commerce industry and the rising popularity of purchasing clothes through online shopping platforms, as they save time, offer convenience, and provide several diverse options, are further augmenting the market growth. Apart from this, the introduction of ecological clothing made from organic materials in place of synthetic fabrics that can cause skin allergies is also catalyzing the global market. Moreover, the launch of specialized menswear sections by premium brands, including Burberry, Ralph Lauren, Armani, etc., is acting as another significant growth-inducing factor. Furthermore, the emerging trend of social media marketing strategies, such as celebrity endorsements, festive sales, and promotional discounts, among leading manufacturers is anticipated to propel the menswear market over the forecasted period.
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List of Key Companies Covered in this Market Report:
- Adidas AG
- Burberry Group Plc
- Gap Inc
- Giorgio Armani S.p.A
- H&M Hennes & Mauritz AB
- Kering S.A.
- Levi Strauss & Co.
- Nike Inc.
- Prada S.p.A.
- PVH Corp.
- Ralph Lauren Corporation
- Zara S.A. (Industria de Diseño Textil, S.A.)
The report has segmented the market on the basis of product type, season, distribution channel and geography.
Breakup by Product Type:
- Trousers
- Denims
- Shirts and T-Shirts
- Ethnic Wear
- Others
Breakup by Season:
- Summer Wear
- Winter Wear
- All Season Wear
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Exclusive Stores
- Multi-Brand Retail Outlets
- Online Stores
- Others
Breakup by Geography:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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