Men’s Wear Market Forecast: Growth Projections and Key Takeaways by 2032
Menswear is generally made of structured and durable fabrics with neutral colors and more subdued embellishments as compared to women’s apparel. It is available in a wide variety, ranging from sportswear, winter wear and nightwear to casuals, formals and ethnic. One of the recent trends in the industry is the rising demand for customization and tailored clothing. With the rising fashion-consciousness and increasing importance of personal appearance among men, the demand for menswear is escalating across the globe. Besides this, the significant growth in the e-commerce industry and an increase in their purchasing power have prompted the male population to spend more on clothing. This has also encouraged them to purchase clothes through online shopping platforms as they offer convenience, save time, and provide numerous options.
Men’s Wear Market size was valued at USD 582.0 billion in 2023 and is poised to grow from USD 619.83 billion in 2024 to USD 1025.82 billion by 2032, growing at a CAGR of 6.5% during the forecast period (2025-2032)
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Moreover, many premium brands, like Ralph Lauren, Burberry, and Armani, are focusing on expanding their product portfolio by launching specialized menswear sections. Other factors, such as the rising influence of social media and the aggressive marketing strategies, including celebrity endorsements, festive sales and promotional discounts, adopted by the manufacturers, are also driving the market growth. Furthermore, with the growing environmental consciousness, several leading brands have introduced ecological clothing made from organic materials as opposed to synthetic fabrics that can cause skin allergies.
Market Segmentation:
Global Men’s Wear Market is segmented by Product, Menswear Season, Distribution Channel and region.
Based on Product, the market is segmented into Clothing/Apparel, Accessories and Footwear.
Based on Menswear Season, the market is segmented into Summer Wear, Winter Wear and All-Season Wear.
Based on Distribution Channel, the market is segmented into Supermarkets and Hypermarkets, Exclusive Stores, Multi-Brand Retail Outlets, Online Stores and Others.
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Men’s Wear Market Key Players:
H&M (Sweden)
Zara (Inditex) (Spain)
Nike (United States)
Adidas (Germany)
Uniqlo (Japan)
Levi Strauss & Co. (United States)
Gap Inc. (United States)
PVH Corp. (Calvin Klein, Tommy Hilfiger) (United States)
Ralph Lauren (United States)
Burberry (United Kingdom)
Giorgio Armani (Italy)
Lululemon Athletica (Canada)
Under Armour (United States)
Puma (Germany)
Kering Group (Gucci, Saint Laurent) (France)
Fast Retailing (J Brand, Theory, Comptoir des Cotonniers) (Japan)
LVMH (Louis Vuitton, Dior, Kenzo) (France)
Richemont (Cartier, Dunhill, Montblanc) (Switzerland)
Michael Kors Holdings (United States)
Essential regions of the Men’s Wear market are:
• Men’s Wear North America Market includes (Canada, Mexico, USA)
• Men’s Wear Europe Market includes (Germany, France, Great Britain, Italy, Spain, Russia)
• Men’s Wear Asia-Pacific Market includes (China, Japan, India, South Korea, Australia)
• Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa)
• Men’s Wear South America Market includes (Brazil, Argentina)
FAQs: -
1. What are the sales, production, consumption, imports, and exports of the global market (North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
2. Who are the major manufacturers who dominate the world market?
3. What are their current capacity, production, sales, pricing, cost, gross, and revenue operating levels?
4. What are the market's risks and opportunities?
What's more, it likewise covers the request and give of the promoting research concentrate in the assessed figure time frame. Explained investigation of the market players with their profile, deals examination and serious scene is given in the report. Besides, organization, joint effort and consolidations in the business are referenced for the accommodation of the investigation of the global Men’s Wear industry.
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Looking ahead, the Men’s Wear Market is poised for continued growth, driven by evolving consumer preferences and ongoing innovations. The trend towards sustainability is expected to strengthen, with more consumers seeking products that align with their values. Additionally, the
integration of advanced technologies and digital platforms will likely further enhance market accessibility and consumer engagement. The global Men’s Wear Market is a dynamic and evolving landscape, shaped by a confluence of trends and factors.
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