A Look into Men’s Wear Industry……Deep Analysis…..



The global men’s wear market size is expected to reach USD 741.2 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.3% over the forecast period. Growing importance of personal grooming among adults on account of increased number of campaigns for maintaining formal as well as casual styles on social media websites including Instagram and Pinterest is expected to have a strong impact. Furthermore, these products have been gaining increasing traction among the consumers on account of their frequent purchases through e-commerce portals including Amazon and eBay as a selling medium.
Some of the key players operating in the global men’s wear market are Adidas Group; Raymond Group; Calvin Klein; Gianni Versace S.r.l.; Guccio Gucci S.p.A.; HUGO BOSS; LACOSTE; LEVI STRAUSS & CO.; Nike, Inc.; RALPH LAUREN MEDIA LLC; and Tommy Hilfiger, LLC. Product innovation is expected to remain a key strategy among the industry participants in the near future.
Increasing number of fashion shows across the globe including Paris, New York, London, Los Angeles, Rom, Milan, Barcelona, and Berlin has made sure to garnish men’s fashion with apt attention and publicity. Furthermore, some of the magazines including ZQ, Men’s Vogue, Fantastic Man, and Nylon Guys are playing a crucial role in increasing awareness among buyers.
Clothing or apparel held the largest men’s wear market share in 2018 and is expected to remain a dominant segment over the next few years. Product innovation by key manufacturing firms aimed at targeting the consumers with their traditional values is expected to remain a favorable factor for the industry growth. In January 2018, Raymond Group launched Khadi products under the brand names, Ethnix and Next Look. These brands will offer products such as shirts, trousers, long kurtas, short kurtas, and bandh galas, which are available in a price range of INR 3,000 - 14,000.
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https://www.grandviewresearch.com/industry-analysis/mens-wear-market/request/rs4
Asia Pacific is expected to register the fastest CAGR of 6.6% from 2019 to 2025. High concentration of middle-class population in the countries including China, India, Pakistan, and Bangladesh is expected to remain a key driving factor. Furthermore, the number of working class male adults using smartphones for purchasing their daily consumables is increasing. This, in turn, expected to force the industry participants to increase spending on the development of their e-commerce portals in order to ensure the continuous revenue flow in the near future.
Further key findings from the report suggest:
·         By product, the footwear segment is expected to generate a revenue of more than USD 280 billion by the end of 2025
·         Online channel is expected to expand at the fastest CAGR of 11.4% from 2019 to 2025
·         North America generated a revenue of USD 148.5 billion in 2018.
The global men’s wear market size was valued at USD 483.0 billion in 2018 and is anticipated to expand at a CAGR of 6.3% over the forecast period. The growth of the market can be attributed to increasing fashion consciousness among millennial men. The designers have enhanced their focus on the masculine aspect of the society owing to its potential for bearing higher prices.
A boosted exposure to internet and e-commerce has improved the fashion consciousness and availability of high-end brands and rare products. Over the past few years, the companies have been targeting men’s wear as a result of growing purchasing power in emerging economies including China and India. Along with brands targeting men’s wear including Ralph Lauren, Burberry, and Armani, recognized designers also view men’s wear as a market with immense potential.
Tom Fords, Michael Kors, and Sean Combs are few brands that are focused on the men’s wear segment. The styles and trends in the market have been constant for a while and have not undergone many changes and a lot can be explored. Fashion consciousness among men is increasing owing to the omnichannel route for marketing fashion brands.
Fashion shows across the globe including Paris, New York, London, Los Angeles, Rom, Milan, Barcelona, and Berlin have made sure to garnish men’s fashion with apt attention and publicity. Furthermore, fashion magazines such as ZQ, Men’s Vogue, Fantastic Man, and Nylon Guys have entered the picture and are contributing to the growth of men’s fashion and clothing.
The clothing/apparel segment held the largest share of 44.7% in 2018. This product category comprises upper wear, lower wear, sportswear, active wear, innerwear, sleepwear, and ethnic wear. Upper wear includes jackets, coats, blazers, suits, vests, shirts, t-shirts, polos, sweaters, jumpers, cardigans, hoodies, sweatshirts, jerseys, tanks, thermals, and pullovers.
Lower wear includes trousers, shorts, jeans, pants, tights, three-fourths, and cargos. Growing application of sports apparel among adults as a result of increasing health awareness among the working class population is expected to have a positive impact on the men’s wear market growth. Furthermore, growing importance of advanced apparel fortified with polymer composite materials including Spandex is one of the prominent trends in the market.
Browse Press Release of this report:                                
https://www.grandviewresearch.com/press-release/global-mens-wear-market
Grand View Research has segmented the global men’s wear market on the basis of product, distribution channel:
Men’s Wear Product Outlook (Revenue, USD Billion, 2015 - 2025)
·         Clothing/Apparel
·         Accessories
·         Footwear
Men’s Wear Distribution Chanel Outlook (Revenue, USD Billion, 2015 - 2025)
·         Offline
·         Online

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.





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