Menswear Market Size to hit US$ 746.9 Billion, by 2027 - Report by IMARC Group
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The global menswear market reached a value of US$ 533.3 Billion in 2021. 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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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. Looking forward, IMARC Group expects the market to reach US$ 746.9 Billion by 2027, exhibiting a CAGR of 5.92% during 2022-2027.
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List of Key Companies Covered in this Market Report:
Burberry Group Plc
Giorgio Armani S.p.A
H&M Hennes & Mauritz AB
Levi Strauss & Co.
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:
Shirts and T-Shirts
Breakup by Season:
All Season Wear
Breakup by Distribution Channel:
Supermarkets and Hypermarkets
Multi-Brand Retail Outlets
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 (2016-2021)
Market Outlook (2022- 2027)
Porter's Five Forces Analysis
Market Drivers and Success Factors
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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