The global men’s wear market is expected to grow moderately, and is influenced by many factors within the market. Factors such as rise in trendy clothing, metrosexual mentality of the people, availability of sufficient disposable income, brand awareness by celebrity endorsements, developments in the clothing products and innovation in these products to suit various purposes, increase in the use of footwear, ethnic wear, and shits and t-shirts, etc., are primarily driving the global menswear market. The APEJ region followed by North America region shows higher market attractiveness index and is more lucrative for the growth of the men’s wear market.
The global menswear market is poised to reach US$ 540,454.6 Mn by the end of 2024 and is anticipated to grow at a steady CAGR during the forecasted period of 2017 to 2024.
Celebrity Endorsements for Brand Promotion to Spur Sales of Menswear
Besides clothing, men are surveyed to spend more on footwear, including casual and formal shoes. Thus, rising growth of the men’s footwear market is expected to create lucrative business opportunities for manufacturers of men’s wear products. The rise of the global men’s wear market could also be supported by the increasing sales of formal and casual clothing. Celebrity endorsements are predicted to play a significant role in highlighting the global men’s wear market. These are helping consumers to become aware of latest trends, premium fashion brands, and new offerings of the global men’s wear market.
Endorsements have helped manufacturers to improve the sales of their premium products in the global men’s wear market. Emerging regions are prognosticated to gather pace in the global men’s wear market due to high demand for products owing to the growing size of their populations.
Following Questions Answers Covered in the Report are:
- How will the global Menswear Market perform during the forecast period? What will be the market size in terms of value and volume?
- Which segment will drive the global Menswear Market? Which regional market will show extensive growth in the future? What are the reasons?
- How will the market dynamics change because of the impact of future market opportunities, restraints, and drivers?
- What are the key strategies adopted by players to sustain themselves in the global Menswear Market?
- How will these strategies influence the market growth and competition?
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Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
- EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
- CIS & Russia
- Japan
- Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
- Middle East and Africa (GCC Countries, Turkey, Iran, Israel, South Africa , Rest of MEA)
The Report Covers Exhaustive Analysis On:
- Market Segments
- Market Dynamics
- Market Size & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Additional Questions Answered
The report answers important questions about the global menswear market, including:
- Which age group shows higher demand for men’s wear?
- Which category of men’s wear products is likely to collect larger market share?
- Will modern trade outpace other sales channels?
- Which region is expected to rank higher in terms of market growth?
Competitive Landscape
The global menswear market marks the presence of top players such as Kering S.A., LVMH Moët Hennessy Louis Vuitton SE, H & M Hennes & Mauritz AB, Industria de Diseño Textil, S.A., and Gap Inc. All of these players are envisaged to remain active in the rise of the global men’s wear market.
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