Press release
Menswear (Clothing) Market Size in India 2023 | Industry Share, Top Brands, Forecast Till 2028
The India menswear market is projected to exhibit a growth rate (CAGR) of 8.60% during 2023-2028.The increasing consumer disposable incomes and rapid urbanization, changing fashion trends and style preferences, and rapid expansion in the e-commerce industry represent some of the key factors driving the market.
About India Menswear Industry?
Menswear comprises a wide range of clothing, such as shirts, trousers, suits, jackets, jeans, blazers, and accessories like ties and belts, catering to the unique style preferences and clothing needs of men. It is manufactured from numerous materials, such as cotton, silk, leather, denim, nylon, polyester, wool, linen, satin, and cashmere. It is cost-effective, comfortable, versatile, and widely available in different colors and styles. It serves as a means of personal expression and allows individuals to convey their unique style, personality, and identity through clothing choices. It helps individuals make a positive impression in professional settings, job interviews, and corporate environments and benefits in enhancing their confidence and self-esteem. It enables people to , experiment with new looks, and make fashion statements. It. It assists in protecting from various weather conditions, such as exposure to the sun, cold weather, rainy seasons, and physical hazards, while ensuring comfort and well-being. As it is beneficial in withstanding wear and tear, ensuring longevity, and enhancing the appearance of individuals, the demand for menswear is increasing in India.
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What are the growth prospects and trends in the India
Menswear industry?
The rising demand for customized clothing options that offer an attractive look among individuals currently represents one of the primary factors propelling the market growth in India. In line with this, the escalating demand for luxury clothing brands on account of inflating income levels of individuals in the country, along with the increasing adoption of swim trunks and shorts for swimming and other water-related activities, are positively influencing the market. Additionally, rising preferences for menswear manufactured from organic materials, such as cotton, hemp, bamboo, linen, and jute, that align with sustainability goals are supporting the growth of the market in India. Apart from this, there is an increase in the demand for comfortable, affordable, and convenient clothing options among the masses. This, coupled with the rising adoption of athleisure wear among men that offers enhanced flexibility, is strengthening the market growth in the country. Besides this, the increasing number of fashion events, exhibitions, and runway shows in India is impelling the market growth. In addition, the wide availability of menswear through several distribution channels, such as hypermarkets, supermarkets, and convenience and online stores, in the country is offering lucrative growth opportunities to industry investors. Furthermore, the growing demand for formal menswear, such as suits and shirts, due to the rising focus on professional attire in offices, is offering a positive market outlook in India. Moreover, the increasing awareness about personal grooming, style, and fashion through social media platforms is contributing to the growth of the market in the country. The rising demand for traditional and ethnic menswear during wedding seasons and festivals, as it allows individuals to connect with their culture, is also bolstering the market growth in India.
What is included in market segmentation?
Product Type Insights:
• Trousers
• Denims
• Shirts and T-Shirts
• Ethnic Wear
• Others
Season Insights:
• Summer Season
• Winter Season
• All-Season Wear
Distribution Channel Insights:
• Supermarkets and Hypermarkets
• Exclusive Stores
• Multi-Brand Retail Outlets
• Online Stores
• Others
Regional Insights:
• South India
• North India
• West & Central India
• East India
Market Breakup by Region:
• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa
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