The menswear market has undergone significant transformation in recent years, driven by changing fashion trends, evolving consumer preferences, and a growing emphasis on personal style. From classic tailoring to casual streetwear, men's fashion has become increasingly diverse and inclusive, offering a wide range of options to suit every taste and occasion. This article delves into the dynamic landscape of the menswear market, examining key trends, drivers, and opportunities shaping its growth and evolution.
Menswear Market Size was valued at USD 575.1 billion in 2022. The menswear market is projected to grow from USD 610.75 billion in 2023 to USD 988.24 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.20% during the forecast period (2023 - 2032)
Key Companies in the Menswear market include
- Adidas AG
- Burberry Group Plc
- Gap Inc
- Giorgio Armani S.p.A
- H&M Hennes & Mauritz AB
- Kering S.A.
- Levi Strauss & Co.
- Nike Inc.
- Prada S.p.A.
- PVH Corp.
- Ralph Lauren Corporation
- Zara S.A. (Industria de Diseño Textil, S.A.)
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Diverse Fashion Offerings: The menswear market encompasses a wide range of clothing and accessories designed to cater to the style needs and preferences of men of all ages and backgrounds. From formal business attire to casual weekend wear, men's fashion offers a diverse array of options for every occasion and lifestyle. Classic staples such as tailored suits, dress shirts, and leather shoes remain timeless favorites, while contemporary trends such as athleisure and streetwear continue to gain popularity among fashion-forward men. Additionally, the rise of gender-neutral and unisex fashion has led to greater inclusivity and diversity in menswear, challenging traditional notions of masculinity and expanding the boundaries of men's fashion.
Evolving Fashion Trends: The menswear market is characterized by constant innovation and evolution, with fashion trends shifting and evolving to reflect changing cultural, social, and economic dynamics. In recent years, there has been a notable shift towards more relaxed and casual styles, driven by the rise of remote work and the growing influence of streetwear and athleisure. Comfort and versatility have become increasingly important considerations for men when choosing clothing, leading to a rise in demand for comfortable yet stylish pieces such as knitwear, joggers, and sneakers. Additionally, sustainability and ethical fashion have emerged as key trends in the menswear market, with consumers seeking out eco-friendly and ethically produced clothing and accessories.
Menswear Market Segmentation
Menswear Type Outlook
- Trousers
- Denims
- Shirts and T-Shirts
- Ethnic Wear
- Others
Menswear Season Outlook
- Summer Wear
- Winter Wear
- All-Season Wear
Menswear Distribution Channel Outlook
- Supermarkets and Hypermarkets
- Exclusive Stores
- Multi-Brand Retail Outlets
- Online Stores
- Others
Menswear Industry Developments
August 2022: A limited-edition denim collection inspired by circular fashion was released by H&M. The collection is the first to be made with eco-friendly materials, such as Circulose Viscose and TENCEL Lyocell with REFIBRA technology. The collection includes four pairs of loose-fitting five-pocket trousers, two oversized button-down shirts, one oversized workwear jacket, and one hooded zip jacket, all in muted indigo hues with a stonewashed finish.
July 2022: Gap Inc. partnered with India's largest retailer, Reliance Retail Limited, to launch in India. With this partnership, Reliance began offering Gap's most recent men's, women's, and children's fashions to Indian customers.
Table Of Contents:
Chapter 1. Report Prologue
Chapter 2. Market Introduction
Chapter 3. Research Methodology
Chapter 4. Market Dynamics
Chapter 5. Market Factor Analysis
Chapter 6. Global Menswear Market, By Product Type
Chapter 7. Global Menswear Market, By Distribution Channel
Chapter 8. Global Menswear Market, By Region
Chapter 9. Company Landscape
Chapter 10. Company Profiles
Chapter 11 MRFR Conclusion
Chapter 12. Appendix
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