Menswear Market to grow by USD 222.72 Billion, Growth Momentum of 6.93% CAGR by 2026 – Technavio – QNT Press Release


NEW YORK, Nov. 11, 2022 /PRNewswire/ — The global menswear market is expected to grow by USD 222.72 billion during 2021-2026, accelerating at a CAGR of 6.93% during the forecast period. The market is driven by the growing number of promotional activities. In addition, the rising demand for organic menswear is anticipated to boost the growth of the Menswear Market. 42% of the growth originates from APAC. Request a Free Sample Report.

Parent market Analysis

Technavio categorizes the global menswear market as a part of the global apparel, accessories, and luxury goods market within the textiles, apparel, accessories, and luxury goods market. The parent market, apparel, accessories, and luxury goods market, covers products and companies engaged in the manufacturing/marketing of apparel, accessories, and luxury goods. The market also includes companies offering apparel, accessories, luxury goods, and rental services. The market excludes manufacturers of shoes.

Technavio calculates the global apparel, accessories, and luxury goods market size based on the combined revenues generated by manufacturers/marketers of textiles, clothing, footwear, accessories, and luxury goods. Growth in the apparel, accessories, and luxury goods market will be driven by the following factors:

  • Rising working men population
  • Demand for eco-friendly products
  • Product innovation and portfolio extension leading to product premiumization
  • High influence of celebrity endorsement on customer purchase decision
  • Increased preference for personalization and customization of products

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Menswear Market: Vendor Landscape

The global menswear market is fragmented due to multiple established vendors. The key vendors in the market compete in terms of price, quality, brand, and variety. Companies adopt various marketing strategies to increase their market share. Several global vendors are expected to expand their presence worldwide during the forecast period. The competition among key vendors will result in innovations in menswear products. Vendors with large market shares and high brand equity are termed, dominant players. Market competitors use different marketing strategies that play a vital role in increasing the sales of their products.

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

adidas AG, AG Adriano Goldschmied Inc, Burberry Group Plc, Capri Holdings Ltd, Guess Inc, H and M Hennes and Mauritz GBC AB, Hermes International SA, Hugo Boss AG, Industria de Diseno Textil SA, Kering SA, Kontoor Brands Inc, Levi Strauss and Co, LVMH Moet Hennessy Louis Vuitton SE, Nike Inc, OTB Spa, Patagonia Inc., PVH Corp., Ralph Lauren Corp., The Gap Inc., and VF Corp.

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Menswear Market Product Outlook (Revenue, USD bn, 2021-2026)

  • Top wear – size and forecast 2021-2026
  • Bottom wear – size and forecast 2021-2026
  • CJS – size and forecast 2021-2026
  • Accessories and others – size and forecast 2021-2026
  • Intimate and sleepwear – size and forecast 2021-2026

Menswear Market Distribution Channel Outlook (Revenue, USD bn, 2021-2026)

  • Offline – size and forecast 2021-2026
  • Online – size and forecast 2021-2026

Menswear Market Geography Outlook (Revenue, USD bn, 2021-2026)

  • APAC – size and forecast 2021-2026
  • North America – size and forecast 2021-2026
  • Europe – size and forecast 2021-2026
  • South America – size and forecast 2021-2026
  • Middle East and Africa – size and forecast 2021-2026

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Menswear Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 6.93%

Market growth 2022-2026

$222.72 billion

Market structure

Fragmented

YoY growth (%)

6.11

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 42%

Key consumer countries

US, Mexico, China, India, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

adidas AG, AG Adriano Goldschmied Inc, Burberry Group Plc, Capri Holdings Ltd, Guess Inc, H and M Hennes and Mauritz GBC AB, Hermes International SA, Hugo Boss AG, Industria de Diseno Textil SA, Kering SA, Kontoor Brands Inc, Levi Strauss and Co, LVMH Moet…

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