The global men’s wear market is anticipated to grow at a CAGR of 5.6% during the forecast period (2020-2026). The ever-changing technology with the high penetration of the internet and smartphone user is considered to the major driving factor of the men’s wear market. For instance, Amazon Inc. has recently introduced an AI-powered visual search feature called StyleSnap for its customers in the UK. The feature will be available on the Amazon app and allows customers to discover inspiring fashion by simply uploading screenshots of looks they like. Similarly, social media platforms including Instagram and Facebook are anticipated to play a major part in expanding the men’s wear market size.
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Furthermore, the rapidly changing work dress codes all across the globe will also have a huge impact on the growth of the men’s wear industry. Additionally, the increasing concerns regarding sustainability will also play probably the most important role in changing men’s wear fashion in the next decade, as recycling technology has become proliferated among brands and designers. Moreover, a resurgence of millennium style has also been experienced in the past few years with the return of many old-style clothes containing a touch of new trends. This is also anticipated to be a driving factor for the growth of the market.
Market Coverage
· Market numbers available for – 2019-2026
· Base year- 2019
· Forecast period- 2020-2026
Segment Covered-
· By Product Type
· By Distribution Channel
Regions Covered-
· North America
· Europe
· Asia-Pacific
· Rest of the World
Competitive Landscape- Adidas AG, Nike In., VF Corp., Levi Strauss & Co., Prada S.p.A., Ralph Lauren Corp., and others.
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Key questions addressed by the report
· What is the market growth rate?
· Which segment/region dominates the market in the base year?
· Which segment/region will project the fastest growth in the market?
· How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from the pre-COVID forecast
o Most affected region/segment
· Who is the leader in the market?
· How players are addressing challenges to sustain growth?
· Where is the investment opportunity?
Global Men’s Wear Market Report Segment
By Product Type
· Clothing
· Accessories
· Footwear
By Distribution Channel
· Online
· Offline
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
