250 Pages of Market Study Conducted on the Menswear Market by Fact.MR, a Market Research and Competitive Intelligence Provider Offers Vital Insights into Key Factors and its Consequent Impact on the Demand and Sales of the Menswear over the Forecast Period 2021-2031
The global men’s wear market is projected to expand on the back of the growing desire of men to look fashionable and trendy. Anticipated to rise at a moderate rate, the global men’s wear market could benefit from improving disposable income of consumers that may play a part in increasing the sales of products. In some parts of the world, men have become metrosexual due to the influence of various urban trends.
The latest report by Fact.MR, examines the Menswear market key trends, growth opportunities and Menswear market size and share. The report tracks Menswear Demand and Sales in over 20 countries, highlighting the variance and unique set of conditions that are unique to every market. The study analyzes Menswear market key trends that are currently determining the overall growth.
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5 Forecast Highlights on Global Menswear Market
- The APEJ (Asia-Pacific excluding Japan) region is more lucrative a region for men’s wear and hence favors the men’s wear market by showing a healthy CAGR of 4.6% during the period of forecast. APEJ followed by North America, shows high market attractiveness, owing to prevalence of higher and increasing population along with greater disposable incomes. New trends and developments in the clothing sector has raised the bar of people adopting trendy and premium clothes and presence most of the super finicky individuals is driving the premium and the super-premium segment. The menswear market is poised to reflect higher growth rate in China and India
- The super–premium segment runs at a higher pace to reflect a robust CAGR of 5.2% followed by the premium segment. However, these segments have a less market share by revenue, as compared to the economy segment in the price-based category. The economy segment is also poised to show steady growth rate during the forecast period
- The 26-36 segment by demographics is anticipated to reflect a modest CAGR of 5.2% during the period of forecast, 2017-2022, and shows an equally good market share during 2017-2018. The 18-25 segment shows the highest market share by revenue, and a steady growth rate with a gain in the BPS by the end of 2022. According to Fact.MR, 66+ and 18-25 segments can be said to have similar growth rates during the forecast period
- The online sales channel shows steady growth pattern during the period of forecast but a less market share by revenue. The modern trade segment dominates other segments in terms of revenue market share and growth rate and is expected to grow even higher to reflect a CAGR of 4.9% during 2017 to 2022 forecast period. Specialty store segment reflects significant growth rate followed by the online segment. The franchise store segment is expected to grow slow during the forecast period
The Report Covers Exhaustive Analysis On:
- Menswear Market Drivers, Segments and Restraints.
- Menswear Market Survey and Dynamics
- Menswear Market Size & Demand
- Menswear Key Trends/Issues/Challenges
- Menswear Sales, Competition & Companies involved
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The global menswear market marks the presence of top players such as
- LVMH Moët Hennessy Louis Vuitton SE
- H & M Hennes & Mauritz AB
- Industria de Diseño Textil, S.A.
- Gap Inc.
Key questions answered in Menswear Market Survey Report:
- What is the current scenario and key trends in Menswear Market?
- What are the key strategies companies are adopting to increase their consumer base?
- What are the key categories within the Menswear segments and their future potential?
- What are the major Menswear Market drivers and their expected impact during the short, medium, and long terms?
- What is the Menswear Market size and what are the opportunities for the key players?
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Essential Takeaways from the Market Report
- Comparison of prominent players operating in the market.
- Identification of Menswear Market drivers, restraints and other forces impacting the global market.
- Recent developments and key strategies adopted by market players.
- Study of the micro and macro-economic growth indicators.
- Impact of the various factors on the value chain.
- Evaluation of current Menswear market size, forecast and technological advancements within the industry.
- Key Menswear growth projections and highlights
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