Men’s Wear Market to Hit $750.8 Billion By 2030

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The global Men’s Wear market size is expected to be worth around US$ 750.8 billion by 2030, according to a new report by Vision Research Reports.

The global Men’s Wear market size was valued at US$ 500.05 billion in 2020 and is anticipated to grow at a CAGR of 6.3% during forecast period 2021 to 2030.

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Men’s Wear Market (By Product: Clothing/Apparel, Accessories, Footwear; By Distribution Channel: Offline, Online) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030

Report Coverage

Report Scope Details
Market Size US$ 750.8 Bn by 2030
Growth Rate CAGR of 6.3% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Product, Distribution Channel
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Adidas Group; Calvin Klein; Gianni Versace S.r.l.; Guccio Gucci S.p.A.; Raymond Group; HUGO BOSS; LACOSTE; LEVI STRAUSS & CO.; Nike, Inc.; RALPH LAUREN MEDIA LLC; and Tommy Hilfiger, LLC

Growth Factors

 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.

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.

By Product Analysis

The clothing/apparel segment held the largest share of 45.7% in 2020. This product category comprises upper wear, lower wear, sportswear, active wear, innerwear, sleepwear, and ethnic wear.

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.

The accessories segment is expected to witness the fastest growth over the forecast period. This growth is attributed to growing demand for luxury and high end products among the millennials and high net worth individuals.

By Distribution Channel Analysis

Offline distribution channel accounted for the largest share of 83.3% in 2018 owing to exposure and accessibility to the largest number of shoppers.

Online distribution channel is anticipated to witness significant growth in the coming years on account of availability of newest trends, rarest brands, and most in demand apparel vogues at the most convenient price, along with biggest discounts.

By Regional Analysis

North America held the largest market share in 2018 owing to higher purchasing power parity in the region as compared to others.

Asia Pacific is expected to expand at a CAGR of 6.6% from 2019 to 2025. This scenario is attributed to growing establishment of offline and online players in the women wear market.

Key Players

 Adidas Group; Calvin Klein; Gianni Versace S.r.l.; Guccio Gucci S.p.A.; Raymond Group; HUGO BOSS; LACOSTE; LEVI STRAUSS & CO.; Nike, Inc.; RALPH LAUREN MEDIA LLC; and Tommy Hilfiger, LLC.

Market Segmentation

  • By Product
    • Clothing/Apparel
    • Accessories
    • Footwear
  • By Distribution Channel
    • Offline
    • Online
  • Regional
    • North America
      • U.S.
    • Europe
      • Germany
      • U.K.
    • Asia Pacific
      • China
      • India
      • Japan
    • Central & South America
      • Brazil
    • Middle East & Africa (MEA)
      • UAE

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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