The men’s wear sector includes various categories, of which clothing and foot wear are the most prominent. Within the clothing category, there are several other sub categories such as ethnic wear, sportswear, t-shirts, shirts, casual wear, winter wear, accessories, sleep wear, trousers, formal wear, etc. The global men’s wear market is impacted owing to different components lurking within the market, which ultimately decide the adoption rate of these different types, thereby influencing the market growth. The APEJ region is considered to be the most lucrative region as compared to other regions. The over increasing population as well as increasing disposable income are two of the few primary factors driving the growth in the APEJ region.
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This report, compiled by Fact.MR, provides in-depth analysis of global men’s wear market for the forecast period of 2017-2022 and offers key insights about the future market direction.
Scope
The scope of Fact.MR’s report is to analyze the global men’s wear market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Garment manufacturers, stakeholders, and suppliers in the global consumer goods sector can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and journals pertaining to men’s wear.
In order to offer readers with up-to-date information about the latest advancements in the global men’s wear market, the report provides updates about market opportunities, which can benefit leading manufacturers of men’s wear market. With continuous evolution of the consumer goods sector, keeping a record of latest developments and trends is fundamental for men’s wear market manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.
Considering the wide scope of global men’s wear market and to offer in-depth insights, Fact.MR’s report provides segment wise analysis and forecast. The global men’s wear market has been categorized on the basis of category, demographics, sales channel, pricing, and region. This segmentation analysis is comprehensive, coupled with a detailed country-wise forecast provided on all parameters.
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5 Forecast Highlights on Global Men’s Wear Market
- 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
- 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
- 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
- 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
- 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.
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.
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