05-07-2018 03:04 PM CET - Business, Economy, Finances, Banking & Insurance
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Insights on Global Men’s Wear Market Offering Trends, Share, Size, Growth Until the End of 2022

Press release from: Fact.MR
Fact.MR
Fact.MR


As per the current market trends and the promising nature of the global men’s wear market, it can be estimated that the future holds positive outcomes. In order to provide a deep insight about the concerned market, Fact.MR would be publishing a resourceful analysis that will enclose knowledge about the regional market size, revenue and opportunity status. Readers will be offered the privilege to decode various facets of the market during the period “2017 to 2022”, together with the active access to secondary and primary research methodology. Furthermore, various segments of the market associated to product, application, end-user etc., would also be present in this intelligent research report.

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The global men’s wear market is expected to grow moderately and is influenced by several aspects in the market, to name a few, people have grown metrosexual and thus have a desire to look trendy and fashionable. This is the most important factor which is driving the growth of the market. The availability of disposable income is another primary aspect. People tend to spend on luxury wear, party wear, even sleep wear. The other important factor which is positively impacting the growth of the global men’s wear market is the rising footwear and people are also spending on formal boots, casual boots, etc. Moreover, casual wear and professional or formal wear seem to favor the growth of the global men’s wear market. Most of the people prefer shopping for casual wear to use on weekends, and formal wear during weekdays. There are many celebrity endorsements taking place to promote brands and make people aware of the new trends and premium quality products. This has triggered an increase in the purchase of premium wear, especially those endorsed, which is yet another factor fuelling the growth of the global men’s wear market. Asia-Pacific excluding Japan seems to be the most lucrative region and favors the men’s wear market.

Men’s wear includes all the categories which are used by men and the most popular of these categories is clothing and footwear. Clothing includes all types of dresses, which can be used for different occasions, for example, there are ethnic wear, professional or formal wear, trousers, shirts, innerwear, sleep wear, sportswear, t-shirts, etc.

According to Fact.MR’s research report on the global men’s wear market, the market is anticipated to reach US$ 540,454.6 Mn by 2022 reflecting a moderate CAGR during the forecasted period of 2017-2022.

26-35 Segment by Demographics to Register Higher Growth Rate

The 26-35 segment is anticipated to register a higher growth rate during the forecast period 2017 to 2022, at a CAGR of 5.2%, higher than other segments. It also expected to reflect good market share by revenue by 2017 end and this growth trend has good chances of increasing by 2022-end. The 18-25 segment shows steady growth rate and has highest market share by revenue, followed by the 26-35 segment. Although, the 66+ segment shows a growth rate similar to 18-25 segment during the forecast period.

Accessories Segment Dominates the Global Market in Terms of market Share; Robust Growth Rate anticipated for the Ethnic Wear Segment

The accessories segment by category shows higher market share by revenue and is expected to grow at a moderate growth rate during the period of forecast. By 2022, this segment is poised to reflect a market revenue share of US$ 80,144.6 Mn and also expected to gain BPS during this period. The ethnic wear segment is expected to show the highest growth rate among all other segments, yet has less market share by revenue, but it can be said to have an increase in the market share owing to its robust growth rate. Following ethnic wear, tops/t-shirts/shirts segment is also showing signs of high growth during the forecast period and is anticipated to gain BPS by the end of 2022. The winter wear and sleep wear segments are growing at a slow yet steady pace, and at a similar rate and this is anticipated to continue throughout the period of forecast.

Modern Trade Outpaces Specialty Store Segment in all Aspects

The modern trade segment by sales channel overtakes the specialty stores segment with respect to growth rate and is anticipated to grow at a higher pace showing a CAGR of 4.9% during the forecast period of 2017- 2022. It also has higher market share by revenue and is expected to gain high BPS by the end of 2022. The specialty stores segment comes second from growth and revenue share standpoints. The online segment shows moderate growth rate throughout the forecast period.

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Super-Premium and Premium Segments to Run at Higher Speeds

The super-premium segment and the premium segment by price based category reflect a higher growth rate and a gain in the BPS by the end of 2022. The super-premium segment growth, however, is even faster than the premium segment and reflects a CAGR of 5.2% during 2017 to 2022. The market share by revenue of this segment is less as compared to premium segment, or any other segment in the price based category. The economy segment has a higher market share by revenue, more than double than that of the super-premium segment and is poised to grow at a moderate rate, yet could experience a loss in the BPS by the end of 2022.

Competition Tracking

The report also profiles companies that are expected to remain active in the expansion of the global men’s wear market through 2022, which include The Gap Inc., H & M Hennes & Mauritz AB, Industria de Diseno Textil S.A, Kering S.A, LVMH Moet Hennessy Louis Vuitton S.E, NIKE Inc., PVH Corp., Hugo Boss AG, Adidas AG and Burberry Group Plc.

Global Men's Wear Market - Executive Summary
Global Men's Wear Market Overview
2.1. Introduction
       2.1.1. Global Men's Wear Market Taxonomy
       2.1.2. Global Men's Wear Market Definition
2.2. Global Men's Wear Market Size (US$ Mn) and Forecast, 2012-2022
       2.2.1. Global Men's Wear Market Y-o-Y Growth
2.3. Global Men's Wear Market Dynamics
       2.3.1. Drivers
       2.3.2. Restraints
       2.3.3. Trends
2.4. Supply Chain
2.5. Cost Structure
2.6. Pricing Analysis 
2.7. Raw Material Sourcing Strategy and Analysis
2.8. List of Distributors
2.9. Key Participants Market Presence (Intensity Map) By Region

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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