openPR Logo
Press release

Men’s Wear Market is anticipated to reach US$ 540,454.6 Mn by 2022

01-23-2018 07:50 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

Fact.MR

Fact.MR

Fact.MR has recently added a new report to its vast online database. This research study is titled as “Men’s Wear Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022” which presents an in-depth study about the production, consumption, market volume, revenue (million USD) and market share across different geographical regions.

Request Free Sample Report- https://www.factmr.com/connectus/sample?flag=S&rep_id=123

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.

5 Forecast Highlights on Global Men’s Wear Market

1. The APEJ (Asia-Pacific excluding Japan) region is more lucrative a region for men’s wear and hence favors the men’s wear market by showing a healthy CAGR of 4.6% during the period of forecast. APEJ followed by North America, shows high market attractiveness, owing to prevalence of higher and increasing population along with greater disposable incomes. New trends and developments in the clothing sector has raised the bar of people adopting trendy and premium clothes and presence most of the super finicky individuals is driving the premium and the super-premium segment. The men’s wear market is poised to reflect higher growth rate in China and India

2. The super–premium segment runs at a higher pace to reflect a robust CAGR of 5.2% followed by the premium segment. However, these segments have a less market share by revenue, as compared to the economy segment in the price-based category. The economy segment is also poised to show steady growth rate during the forecast period

3. The 26-36 segment by demographics is anticipated to reflect a modest CAGR of 5.2% during the period of forecast, 2017-2022, and shows an equally good market share during 2017-2018. The 18-25 segment shows the highest market share by revenue, and a steady growth rate with a gain in the BPS by the end of 2022. According to Fact.MR, 66+ and 18-25 segments can be said to have similar growth rates during the forecast period

4. The online sales channel shows steady growth pattern during the period of forecast but a less market share by revenue. The modern trade segment dominates other segments in terms of revenue market share and growth rate and is expected to grow even higher to reflect a CAGR of 4.9% during 2017 to 2022 forecast period. Specialty store segment reflects significant growth rate followed by the online segment. The franchise store segment is expected to grow slow during the forecast period

5. Accessories segment is poised to show a moderate growth rate yet possess a higher market share by revenue, a revenue of more than US$ 63,200 Mn has been slated during 2017. Ethnic wear segment by category reflect the highest growth rate followed by t-shirts/tops/shirts segment and both these are expected to experience a gain in the BPs by the end of 2022. The accessories and the sportswear segments show more or less equal growth rate during the period of forecast.

Browse Full Report with TOC- https://www.factmr.com/report/123/mens-wear-market

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.

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.

Check Discount- https://www.factmr.com/connectus/sample?flag=D&rep_id=123

About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Retail & Consumer Goods 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.

Contact Us
Fact.MR
Suite 9884
27 Upper Pembroke Street,
Dublin 2, Ireland
Telephone: +353-1-6111-593
Email: sales@factmr.com/
Web: https://www.factmr.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Men’s Wear Market is anticipated to reach US$ 540,454.6 Mn by 2022 here

News-ID: 912316 • Views:

More Releases from Fact.MR

Halloumi Cheese Market Surges Past US$ 1.2 Billion Mark by 2033, Fueled by 10.4% CAGR
04-19-2024 | Food & Beverage
Fact.MR
Halloumi Cheese Market Surges Past US$ 1.2 Billion Mark by 2033, Fueled by 10.4% …
It is anticipated that halloumi cheese market will be valued at US$ 445 million in 2023 and surpass US$ 1.2 billion by the end of 2033. It is projected that the worldwide market for halloumi cheese will grow at an astounding rate of 10.4% CAGR till 2033. Cyprus, a Middle Eastern nation, is the birthplace of halloumi cheese, which has been made there by local farmers for generations. Since this nation
Cheese Market Is Anticipated To Reach US$ 133 Billion At A CAGR Of 3.7% By 2032: Fact.MR Report
Cheese Market Is Anticipated To Reach US$ 133 Billion At A CAGR Of 3.7% By 2032: …
In 2022, the global cheese market held a value of US$ 92 billion, with projections indicating a substantial growth trajectory. By the end of 2032, it is anticipated to soar to US$ 133 billion, according to a study conducted by Fact.MR. The research suggests that the worldwide demand for cheese is expected to experience a steady increase, with a compound annual growth rate (CAGR) of 3.7% forecasted through the year
Product Engineering Services Market Is Set To Reach A Valuation Of US$ 2,400 Billion By 2033: Fact.MR Report
Product Engineering Services Market Is Set To Reach A Valuation Of US$ 2,400 Bil …
As of 2023, the global market for product engineering services reached a valuation of US$ 1,200 billion, with a projected growth to US$ 2,400 billion by the end of 2033. Forecasts indicate a steady increase in global demand for these services, with a compound annual growth rate (CAGR) expected to reach 7.2% from 2023 to 2033. The Product Engineering Services Industry sales study offers a comprehensive analysis on diverse features including
Golf Shoes Market Is Anticipated To Reach US$ 13,331.7 Million By 2032: Fact.MR Report
Golf Shoes Market Is Anticipated To Reach US$ 13,331.7 Million By 2032: Fact.MR …
In 2022, the worldwide golf shoes market is projected to be valued at US$ 8,584.1 million. It's anticipated to grow steadily at a compound annual growth rate (CAGR) of 4.4%, reaching US$ 13,331.7 million by 2032. The Golf Shoes Industry sales study offers a comprehensive analysis on diverse features including production capacities, Golf Shoes demand, product developments, sales revenue generation and Golf Shoes market outlook across the globe. market research report by

All 5 Releases


More Releases for CAGR

Cat Litter Box Market | CAGR of 9.1% | Revenue & CAGR of 9.1%
Cat Litter Box Market Report provides precise data about the market size, commercialization aspects and revenue forecast of the industry. The global Cat Litter Box market offers a historical factsheet relevant to the strategic mergers, acquirements, joint venture activities, and partnerships spread in the Cat Litter Box market. The most advanced data has been presented in the study on the revenue numbers, product details, and sales of the major firms.
Predictive Analytics Market Growing at Strong CAGR of CAGR of 25.31% 2019
Predictive analytics helps to extract information from the existing data. It helps in understanding the pattern and predict the trend or future for the organization. It uses what-if scenarios to predict possible risks involved in the future. Predictive analytics also helps in the optimization of the marketing campaigns and understanding of the customer behaviour for increasing the end-user response and to reduce the churn. Predictive analytics is segmented into: Risk management:
Global Absorption Chillers Market Reflecting a CAGR of 7.6% CAGR through 2025
The demand for thermally-driven chillers in multiple industrial verticals is poised to grow in the immediate future. Considering the rising demand for electrical chillers in commercial, residential as well as industrial settings, the adoption of absorption chillers will gain traction at considerable rate. By consuming lesser energy than conventional electrical chillers, absorption chillers will also garner surplus demand for not using ozone-depleting chlorofluorocarbons (CFC) for chilling purposes. Persistence Market Research’s
Aircraft Sensors Market Growing at a CAGR of 6.4% CAGR By 2022
The global aircraft sensors market is forecasted to receive a strong push in its growth momentum on the back of advancements in technologies, massive investments forwarded by private equity groups, and the elevation in the demand for aircraft. Adherence to the requirements and regulations of authorities such as local aircraft regulatory bodies and the Federal Aviation Administration (FAA) could pamper the growth of the market. Nonetheless, there could be more
China Baby Diapers Market Reflecting a CAGR of 19.1% CAGR 2012-2017
The increasing birth rate in China has proven to be a boon for the country’s baby diaper’s market. To provide a comprehensive analysis of the growth trajectory exhibited by the China baby diapers market and study the impact of the dynamic regulatory policies on the market, Transparency Market Research (TMR) has published a report, titled “Baby Diapers Market - China Industry Analysis, Market Size, Share, Growth, Trends And Forecast, 2012
Ecg Device Market Register a CAGR Growth of 4.1% CAGR by 2024
This region holds highest market share over the forecast period (2016-2024) and is expected to exhibit slow growth rate. The Asia Pacific is expected to be the fastest-growing region for ECG devices owing to its increasing incidence rate of cardiovascular diseases and high population. ECG devices are experiencing a paradigm technological shift from resting ECG systems to portable Holter monitoring systems, owing to their advantages of patient mobility, low prices and