Menswear Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Menswear Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

  • June 2022 •
  • 143 pages •
  • Report ID: 5949622 •
  • Format: PDF
The global menswear market reached a value of US$ 533.3 Billion in 2021. Looking forward, the analyst expects the market to reach US$ 746.9 Billion by 2027, exhibiting a CAGR of 5.92% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Menswear is generally made of structured and durable fabrics with neutral colors and more subdued embellishments as compared to women’s apparel. It is available in a wide variety, ranging from sportswear, winterwear and nightwear to casuals, formals and ethnic. One of the recent trends in the industry is the rising demand for customization and tailored clothing.

With the rising fashion-consciousness and increasing importance of personal appearance among men, the demand for menswear is escalating across the globe. Besides this, the significant growth in the e-commerce industry and an increase in their purchasing power have prompted the male population to spend more on clothing. This has also encouraged them to purchase clothes through online shopping platforms as they offer convenience, save time, and provide numerous options. Furthermore, with the growing environmental consciousness, several leading brands have introduced ecological clothing made from organic materials as opposed to synthetic fabrics that can cause skin allergies. Moreover, many premium brands, like Ralph Lauren, Burberry, and Armani, are focusing on expanding their product portfolio by launching specialized menswear sections. Other factors, such as the rising influence of social media and the aggressive marketing strategies, including celebrity endorsements, festive sales and promotional discounts, adopted by the manufacturers, are also driving the market growth.

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global menswear market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type, season and distribution channel.

Breakup by Product Type:
Shirts and T-Shirts
Ethnic Wear

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

Breakup by Region:
North America
United States
Asia Pacific
South Korea
United Kingdom
Latin America
Middle East and Africa

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being 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.), etc.

Key Questions Answered in This Report:

How has the global menswear market performed so far and how will it perform in the coming years?
What are the key regional markets?
What has been the impact of COVID-19 on the global menswear market?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the season?
What is the breakup of the market based on the distribution channel?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global menswear market and who are the key players?
What is the degree of competition in the industry?