Menís Wear Market Forecast Covering Growth Inclinations & Development Strategies Until 2022

From: Fact.MR
Published: Wed Jan 02 2019


The†global menís wear market†is prophesied to increase growth on the back of the rise of celebrity endorsements to promote brands. Inclusion of celebrities in promotional activities could help the sales of premium menís wear products to soar in the foreseeable future. Growing desire to look trendy and fashionable could be another factor stoking the demand in the global menís wear market. Increasing number of metrosexuals is expected to augur well for the global menís wear market. High demand for menís footwear could provide a tailwind to the global menís wear market. Men are foreseen to spend on clothing and footwear with an increase in their disposable income.

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Fact.MR envisions†the global menís wear market to collect a US$540.4 bn by the end of 2022.†Among demographics,†the 26-35 segment could display a higher CAGR of 5.2% during the forecast period 2017-2022.†Currently, it secures a remarkable share of the global menís wear market. Even in the near future, it is projected to account for a sizable market share.

However, the 18-25 segment could bag a lionís share of the global menís wear market in terms of revenue. Expected to show a steady growth rate, it is prognosticated to lead other segments, viz. 26-35 and 66+. The 66+ segment could follow the 18-25 one even though both of them exhibit a similar growth rate. The global menís wear market is also bifurcated into other segments such as 36-45, 46-55, and 56-65.

Among different category types that the global menís wear market is divided into, the accessories segment is foretold to collect a larger revenue share in the coming years. However, it could rise at a moderate pace in the global menís wear market. It is predicted to gain BPS during the course of the forecast period. By the final forecast year, its market could be valued at an US$80.1 bn. Although the ethnic wear segment shows a higher growth rate, it is expected to hold a lesser share of the global menís wear market on the basis of value. Nonetheless, it could show an increment in its market share as the demand rises.

The premium and super-premium segments of the global menís wear market by price are expected to show promising growth in the foreseeable future. Amongst these or other segments by price, super-premium could grow at a quicker rate in the global menís wear market. However, economy is predicted to gain a kingís share of the global menís wear market. Although its market share could be two times more than that of super-premium, the economy segment is projected to lose BPS by the concluding forecast year.

By sales channel, the global menís wear market is classified into online, specialty stores, franchise outlets, and modern trade. Amongst these segments, modern trade could overtake others in terms of revenue growth. It is expected to log a 4.9% CAGR and gain a dominant share of the global menís wear market. Specialty stores could tread upon the heels of modern trade, whereas the online segment is forecast to show moderate growth in the global menís wear market.

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Celebrity Endorsements for Brand Promotion to Spur Sales of Menís Wear

Besides clothing, men are surveyed to spend more on footwear, including casual and formal shoes. Thus, rising growth of the menís footwear market is expected to create lucrative business opportunities for manufacturers of menís wear products. The rise of the global menís wear market could also be supported by the increasing sales of formal and casual clothing. Celebrity endorsements are predicted to play a significant role in highlighting the global menís wear market. These are helping consumers to become aware of latest trends, premium fashion brands, and new offerings of the global menís wear market.

Endorsements have helped manufacturers to improve the sales of their premium products in the global menís wear market. Emerging regions are prognosticated to gather pace in the global menís wear market due to high demand for products owing to the growing size of their populations.

Competitive Landscape

The global menís wear market marks the presence of top players such as Kering S.A., LVMH MoŽt Hennessy Louis Vuitton SE, H & M Hennes & Mauritz AB, Industria de DiseŮo Textil, S.A., and Gap Inc. All of these players are envisaged to remain active in the rise of the global menís wear market.

Table of Content:

  1. Global Men's Wear Market - Executive Summary

  2. Global Men's Wear Market Overview
    2.1. Introduction
    2.1.1. Global Men's Wear Market Taxonomy
    2.1.2. Global Men's Wear Market Definition
    2.2. Global Men's Wear Market Size (US$ Mn) and Forecast, 2012-2022
    2.2.1. Global Men's Wear Market Y-o-Y Growth
    2.3. Global Men's Wear Market Dynamics
    2.3.1. Drivers
    2.3.2. Restraints
    2.3.3. Trends
    2.4. Supply Chain
    2.5. Cost Structure
    2.6. Pricing Analysis
    2.7. Raw Material Sourcing Strategy and Analysis
    2.8. List of Distributors
    2.9. Key Participants Market Presence (Intensity Map) By Region

  3. Global Men's Wear Market Analysis and Forecast By Category Type
    3.1. Global Men's Wear Market Size and Forecast By Category Type, 2012-2022
    3.1.1. Ethnic Wear Men's Wear Market Size and Forecast, 2012-2022
    3.1.1.1. Revenue (US$ Mn) Comparison, By Region
    3.1.1.2. Market Share Comparison, By Region
    3.1.1.3. Y-o-Y growth Comparison, By Region
    3.1.2. Innerwear Men's Wear Market Size and Forecast, 2012-2022
    3.1.2.1. Revenue (US$ Mn) Comparison, By Region


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