Menswear Market Share

The growing obese population is driving the market growth

Today's men are extremely fashion- and appearance-conscious. The global fashion and apparel consciousness is growing. There is a different outfit for every occasion for men today. The proliferation of e-commerce websites is driving the market, the affordability of apparel, and the growing buying power of consumers. Market participants employ various strategies to attract consumers, such as offering promotional discounts, employing celebrities in their advertisements, and holding holiday sales. Consumers' adoption of a luxury lifestyle has influenced the purchasing power of millennials to choose luxury apparel. People typically invest in fashion apparel, celebration attire, and even sleepwear.

Rapid development and increasing urbanization produce a modern consumer class with more disposable income who develop a growing passion for contemporary fashion. Menswear is experiencing an increase in the demand for occasion-specific apparel. Long-term market CAGR is anticipated to be driven by the digitalization of online shopping applications, men's increased purchasing power, and their growing awareness of clothing.

Increased exposure to the Internet and e-commerce has increased fashion awareness and the availability of luxury brands and unique items. Due to rising purchasing power in burgeoning economies such as China and India, companies have shifted their focus to men's apparel in recent years. In the coming years, the increasing influence of the media and advertising strategies adopted by e-commerce platforms, such as endorsements from famous people, promotional discounts, and holiday sales, is anticipated to fuel the market's expansion.

Moreover, as the number of Internet users has increased, so have the number of online transactions and the average quantity of money spent online. Due to online retail's ease, convenience, and time-saving benefits, users are willing to purchase products immediately. Numerous luxury brands are establishing partnerships with technology firms to improve consumers' shopping experiences. Thus, such factors are contributing to the menswear market revenue.

The Global Menswear Market Industry is significantly influenced by evolving fashion trends, which continuously reshape consumer preferences. The rise of athleisure and casual wear has led to a diversification of product offerings, catering to a wider audience. Brands are adapting to these shifts by introducing innovative designs and sustainable materials, appealing to environmentally conscious consumers. This adaptability is crucial as the market is projected to grow to 1183.7 USD Billion by 2035. Consequently, companies that effectively respond to these trends are likely to capture a larger share of the market, enhancing their competitive positioning.

The Global Menswear Market Industry is poised for substantial growth, with projections indicating a market size of 610.8 USD Billion in 2024 and an anticipated increase to 1183.7 USD Billion by 2035. This growth trajectory suggests a compound annual growth rate of 6.2% from 2025 to 2035. Such figures underscore the robust demand for menswear across various segments, driven by factors such as changing consumer preferences, technological advancements, and a growing emphasis on sustainability. The market's expansion reflects broader economic trends and the evolving landscape of fashion, indicating a promising future for the industry.

The Global Menswear Market Industry is experiencing growth driven by rising disposable incomes across various regions. As consumers have more financial flexibility, they tend to invest in quality menswear, which is reflected in the projected market size of 610.8 USD Billion in 2024. This increase in purchasing power allows for a broader range of choices, from luxury brands to everyday wear. For instance, emerging markets in Asia and Africa are witnessing a surge in middle-class consumers, who are increasingly prioritizing fashion and personal style. This trend is expected to continue, further propelling the industry forward.

Sustainability is becoming a cornerstone of the Global Menswear Market Industry, as consumers increasingly demand ethically produced clothing. Brands are responding by adopting sustainable practices, such as using eco-friendly materials and ensuring fair labor conditions. This shift not only meets consumer expectations but also aligns with global initiatives aimed at reducing environmental impact. As a result, the market is expected to see a significant increase in demand for sustainable menswear options, contributing to the overall growth of the industry. Companies that prioritize sustainability may find themselves at a competitive advantage in this evolving marketplace.

Technological advancements are playing a pivotal role in the Global Menswear Market Industry, particularly in retail. The integration of e-commerce platforms and mobile shopping applications has transformed how consumers purchase menswear. With the global online retail market expanding, brands are leveraging technology to enhance customer experiences through personalized recommendations and virtual fitting rooms. This shift is reflected in the anticipated compound annual growth rate of 6.2% from 2025 to 2035. As more consumers embrace online shopping, companies that invest in technology are likely to thrive, adapting to the changing landscape of consumer behavior.

The influence of social media and celebrity endorsements is a driving force in the Global Menswear Market Industry. Platforms like Instagram and TikTok have become vital for brands to showcase their products and connect with consumers. Celebrity endorsements further amplify this effect, as fans often emulate the styles of their favorite stars. This trend is particularly potent among younger demographics, who are more likely to engage with brands through social media. As the market continues to evolve, leveraging these platforms effectively could lead to increased brand visibility and sales, contributing to the industry's projected growth.

The menswear market is extremely competitive. Each of these competitors employs novel marketing strategies to increase the market value of their products. To extend their portfolios, companies are adopting market development strategies. Some companies are forming mergers and acquisitions with foreign and local brands in the region.

As the global menswear industry for men's clothing expands, it is anticipated that all of these companies will continue to compete. Major players in the menswear market include Adidas AG, Burberry Group Plc, Gap Inc, Giorgio Armani S.p.A, H&M Hennes & Mauritz AB, Kering S.A., Levi Strauss & Co., Nike Inc., Prada S.p.A., PVH Corp., Ralph Lauren Corporation and Zara S.A. (Industria de Diseño Textil, S.A.).

Adidas AG designs manufactures, and markets athletic and sporting goods. The company offers footwear, apparel, and accessories such as bags, sunglasses, fitness apparatus, and balls. The company distributes and sells its merchandise via own-brand stores, retail stores, wholesale stores, sporting goods chains, purchasing groups, department stores, e-retailers, lifestyle retail chains, and franchise stores. In addition, it markets its products via e-commerce platforms and mobile purchasing applications. Adidas sells its products under the brand name Adidas. It also operates several product franchises. The corporation conducts business throughout the Americas, Europe, Africa, Asia-Pacific, and the Middle East.

Burberry Group plc produces, sells, distributes, and markets luxury products. The company sells accessories, men's and women's apparel, children's clothing, cosmetic products, and other items. In addition, the store offers eyeglasses, watches, leather goods, purses, and beauty products. The company markets these items under the brand name Burberry. It manages its business operations through Burberry mainline stores, concessions stores, digital commerce platforms, franchisees, outlets, department stores, multi-brand specialty account stores, and a global network of retail, wholesale, and licensing channels. It also maintains manufacturing facilities in the United Kingdom and Italy. Burberry Group additionally sells these items on burberry.com.

The company is in the Asia-Pacific, Middle East, Europe, India, Africa (EMEIA), and Americas regions.