Increasing fashion concerns among men and the extension of e-commerce are projected to surge the growth of the global menswear market at a CAGR of 6.20% during the forecast period 2023 to 2032

Market Research Future (MRFR) has published a cooked research report on the "Global Menswear Market" that contains information from 2018 to 2032. The menswear market is estimated to register a CAGR of 6.20% from 2023 to 2032.

MRFR recognizes the following companies as the key players in the global menswear market— Bioparhom (France), Akern (Italy), Biodynamics Corporation (US), Tanita Corporation (Japan), Biotekna (Italy), Omron Corporation (Japan), InBody (South Korea), EVOLT 360 (Australia), RJL Systems (US), and Fook Tin Group Holding Ltd (China).

Market Highlights

The global menswear market is accounted to register a CAGR of 6.20% during the forecast period and is estimated to reach USD 988.24 billion by 2032.

Men of today are highly fashion- and appearance-conscious. The global awareness of fashion and apparel is expanding. Today, males have distinct outfits for every occasion. The proliferation of e-commerce websites, the affordability of apparel, and the rising purchasing power of consumers are driving the market.

Internet and e-commerce have increased fashion awareness and the availability of luxury labels and one-of-a-kind items. Due to online retail's ease, convenience, and time-saving benefits, users are eager to purchase products immediately. Numerous luxury brands partner with technology companies to enhance consumers' purchasing experiences.

Segment Analysis

The global menswear market has been segmented based on type, season, and distribution channel.

The market is segmented based on type: trousers, denims, shirts and t-shirts, ethnic wear, and others. The others segment was attributed to holding the largest market share in 2022.

Based on the season, the global menswear market has been segmented into summer wear, winter wear, and all-season wear. The all-season wear segment was expected to hold the largest market share in 2022.

Based on distribution channel, the global menswear market has been segmented into supermarkets and hypermarkets, exclusive stores, multi-brand retail outlets, online stores, and others. The supermarkets and hypermarkets segment was expected to hold the largest market share in 2022.

Access full report @ https://www.marketresearchfuture.com/reports/menswear-market-11509

Regional Analysis

The global menswear market, based on region, has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America consists of US and Canada. The Europe menswear market comprises Germany, France, the UK, Italy, Spain, and the Rest of Europe. The menswear market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the Rest of Asia-Pacific. The Rest of the World's menswear market comprises the Middle East, Africa, and Latin America.

The menswear market in North America will dominate this market. The market is expanding due to rising demand for prestige products, concentrated purchasing power, and celebrity endorsements. To gain traction with offline businesses, retailers in the region are enhancing the in-store experience with digital marketing displays and payments.

Europe holds the second-largest market proportion for menswear. Numerous domestic producers have offered products of international quality at reduced prices, driving the German market's expansion. Due to an increase in offline and online participation, low labor costs, easy access to basic materials, and multiple government initiatives, the German market is expanding.

From 2023 to 2032, the Asia-Pacific menswear market is anticipated to grow at the highest CAGR. China and India's menswear industries have grown significantly in recent years. This is because masculine consumers prefer to place a premium on fashion and quality, purchasing high-quality clothing. Actors and fashion models significantly influence the adolescents of today. They desire a versatile and stylish wardrobe. There are many festivals in India for which men must wear specialized attire.

Latin America and the Middle East and Africa are emerging as potential growth markets, as a result of rising domestic demand, economic expansion, and purchasing power. Numerous opportunities for investment exist in Latin American nations such as Brazil, Argentina, Mexico, Venezuela, Colombia, Chile,  the Dominican Republic, Peru, Ecuador, and Uruguay. The influence of the U.S. on the culture and purchasing habits in Latin America, as well as the widespread appeal of the American way of life, contribute to the expansion of the market.

Key Findings of the Study

• The global menswear market is expected to reach USD 988.24 billion by 2032, at a CAGR of 6.20% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market. The growing purchasing power of China's urban middle-class consumers, brand recognition, and demand for high-quality apparel will drive market expansion.


• Based on type, the other segment was attributed to holding the largest market in 2022, with an approximate market share of 30–35%.