GCC Menswear Market Expected To Grow at a CAGR of 4.30% by 2028 | Exclusive Report by IMARC Group

IMARC Group's report titled " GCC Menswear Market Report by Product Type, Season, Distribution Channel, and Region 2023-2028 ". The GCC menswear market is projected to exhibit a growth rate (CAGR) of 4.30% during 2023-2028.

Factors Affecting the Growth of the GCC Menswear Industry:

• Increasing Consumer Disposable Income:

The GCC region is witnessing a significant increase in disposable income among its population. This economic growth is directly impacting consumer spending habits, especially in the fashion and apparel sector. Men in the GCC are becoming increasingly fashion-conscious, leading to a higher demand for quality and branded menswear. The rising affluence is enabling consumers to spend more on luxury and premium clothing brands, which is a key driver for the growth of the menswear industry in the region. This trend is particularly pronounced in countries like the United Arab Emirates and Saudi Arabia, where economic prosperity is combining with a growing interest in global fashion trends to stimulate the menswear market.

• Cultural and Fashion Trends Shift:

There is an ongoing shift in cultural and fashion trends within the GCC countries, influencing the menswear industry significantly. Traditionally, the region has been known for its preference for traditional attire. However, globalization and exposure to international fashion trends are leading to a diversification in menswear choices. Younger generations are adopting more Western-style clothing, alongside traditional garments. This blend of modern and traditional fashion is creating a unique market for menswear in the GCC, incorporating both global fashion trends and regional preferences. This is further supported by the increasing number of international fashion events and retail outlets in the region, which are introducing a wider variety of menswear styles and brands to the local market.

• E-Commerce and Digital Penetration:

The growth of e-commerce and digital platforms is another major factor fueling the GCC menswear industry. With the rising internet penetration and smartphone usage in the region, more consumers are turning to online shopping for convenience and variety. E-commerce platforms are offering a wide range of menswear, including international and local brands, which are easily accessible to the consumer. This digital shift is particularly appealing to the tech-savvy younger generation, who are comfortable with online shopping. The ease of access, coupled with the ability to compare prices and styles online, is encouraging more consumers to explore and purchase menswear through digital channels, thus driving the growth of the industry in the GCC region.

For an in-depth analysis, you can refer sample copy of the report:

GCC Menswear Market Report Segmentation:

By Product Type:

• Trousers
• Denims
• Shirts and T-Shirts
• Ethnic Wear
• Others

Based on the product type, the market has been classified into trousers, denims, shirts and t-shirts, ethnic wear, and others.

By Season:

• Summer Wear
• Winter Wear
• All-Season Wear

On the basis of the season, the market has been divided into summer wear, winter wear, and all-season wear.

By Distribution Channel:

• Supermarkets and Hypermarkets
• Exclusive Stores
• Multi-Brand Retail Outlets
• Online Stores
• Other

The market has been segregated based on the distribution channel into supermarkets and hypermarkets, exclusive stores, multi-brand retail outlets, online stores, and others.

Country Insights:

• Saudi Arabia
• UAE
• Qatar
• Bahrain
• Kuwait
• Oman

Country-wise, the market has been segmented into Saudi Arabia, the UAE, Qatar, Bahrain, Kuwait, Oman.

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GCC Menswear Market Trends:

The GCC menswear industry is currently experiencing significant growth, driven by evolving fashion trends, economic prosperity, and technological advancements. Younger consumers are increasingly embracing a mix of Western and traditional styles, reflecting a blend of global influences and regional cultural identity. Economic growth in the region, especially in countries like the UAE and Saudi Arabia, is boosting disposable income, leading to greater spending on luxury and premium brands. Additionally, the rapid expansion of e-commerce is revolutionizing shopping habits, with more men opting for the convenience and variety offered by online platforms. These trends are collectively shaping a dynamic and diverse menswear market in the GCC region.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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