Menswear Market Global Forecast Report by Apparel (Top Wear, Bottom Wear, Innerwear), Category (Mass, Premium, Luxury), Distribution Channel (Online, Offline), Countries and Company Analysis 2025-2033

The market's expansion is mostly being driven by men's growing fashion consciousness and importance of looks. The market is also expanding as a result of menswear's easy accessibility to internet shopping platforms, which provide a large selection of products.

Driving Forces of Menswear Market

Growing Interest in Eco-Friendly Apparel

The market for menswear is expanding significantly due to the growing demand for eco-friendly apparel. Sustainable fashion is becoming increasingly popular as consumers grow more concerned about the environment. This includes clothing created from recycled textiles, organic ingredients, and eco-friendly production techniques. Growing environmental consciousness, including the waste and pollution from quick fashion, is the driving force behind this movement. With a preference for businesses that emphasize sustainability, men are increasingly looking for apparel that reflects their ideals. The industry is changing due to the rise of ethical fashion, which is pushing for firms to embrace ethical and transparent production methods and fostering innovation in eco-friendly textiles.

Men's Growing Predilection for Online Buying

The market's growth is mostly being driven by the growing e-commerce industry and rising internet penetration. Additionally, the desire for luxury brands and uncommon items in the menswear sector is being supported by rising consumer disposable incomes and men's increased emphasis on physical appearance. Furthermore, online transactions and the average amount of money spent online have steadily increased in tandem with the growing number of internet users. For example, Amazon's total consolidated net sales revenue in 2023 was US$ 575 billion, of which US$ 131 billion came from foreign revenue sources.

Furthermore, a lot of luxury brands are collaborating with tech firms to improve consumers' shopping experiences. For example, LMVH Japan and SoftBank Corp. inked a partnership agreement in February 2022. With the assistance of SoftBank Corp.'s digitization skills, this arrangement improved LMVH's online sales.

Expanding Product Selection

A growing number of major industry participants are funding the creation of more inventive and eco-friendly fashion items at competitive prices. For example, the 2023-launched brand Y Chroma debuted age-defying male styles during New York Fashion Week in February 2024. The goal of the new fashion company is to appeal to the middle-aged market, which is frequently overlooked. In addition, a number of male fashion firms are raising money to grow their clientele and operations, which is expected to boost the menswear market's earnings in the upcoming years.

For instance, in December 2023, SWC Global and IvyCap Ventures co-led a Series A fundraising round for the direct-to-consumer (D2C) apparel firm Snitch, raising INR 110 Cr (US$ 13.19 Million). The additional funds will be used by the business to develop an offline retail strategy and to scale up its workforce and technology. According to Snitch, their FY23 turnover exceeded INR 100 Cr. Additionally, a number of businesses are providing plus-size clothing to accommodate a range of body shapes and sizes, guaranteeing that people of all shapes and sizes can find fashionable and well-fitting clothing. The fashion-focused multi-brand retail retailer Shoppers Stop, for instance, announced in April 223, the launch of its plus-sized private label under the 'U R You' name.

Market Overview by Regions

The market for menswear is geographically broad, with Asia-Pacific, Europe, and North America being important areas. While Asia-Pacific is experiencing tremendous growth in fashion and online retail, North America is primarily driven by luxury and casual wear. The market in Europe is dominated by formal dress. The following provides a market overview by region:

United States Menswear Market Overview

Due to a wide variety of consumer preferences, the menswear market in the United States is among the biggest in the world. It encompasses markets including activewear, formal clothing, and casual wear, with a rising focus on high-end, comfortable, and sustainable items. The growing desire for athleisure, internet shopping, and fashion innovation are important factors. The market is dominated by well-known companies and merchants like Nike, Levi's, and Ralph Lauren, and luxury menswear is still doing well. Cultural trends, celebrity endorsements, and a move toward more adaptable, seasonless apparel all have an impact on the market. It is anticipated that the market will expand gradually.

Furthermore, presence of youth population in the United States also boosts the market growth. For instance, there were about 21.64 million youths in the United States between the ages of 15 and 19 in 2022. Compared to the previous year, when there were 21.57 million youths in the U.S. between the ages of 15 and 19, this represented a minor rise. Additionally, a favorable picture for the market as a whole is being created by the presence of well-known menswear brands in the area, which are pushing their product offerings to increase the consumer base. For example, U.S. Skims formally announced the introduction of Skims Mens in October 2023 with an All-Star campaign that included NBA All-Star Shai Gilgeous-Alexander, 2022 NFL Defensive Player of the Year Nick Bosa, and football legend Neymar Jr. Comfortable tanks and tees, soft boxers, and technically designed briefs are all part of the range.

India Menswear Market Overview

Due to shifting cultural dynamics and more exposure to international design trends, India's industry is growing mostly due to the growing desire for modern, stylish apparel. Additionally, the industry is growing as a result of rising disposable income levels and rapidly growing numbers of young, fashion-conscious consumers, which are driving up consumer expenditure on clothing, particularly among urban consumers. In addition, the expansion of the market has been accelerated by the easy access to a large range of menswear options, which provide consumers nationwide with convenience and choice thanks to the spread of e-commerce platforms and digital retailing channels. Additionally, the industry is expanding due to Indian men's growing fashion knowledge and inspired style consciousness brought on by social media and celebrity endorsements.

In addition, the trend toward more casual and adaptable dress codes in the workplace has increased demand for athleisure and smart casual clothing. The market is also growing as a result of the growth of organized retail and the presence of several foreign menswear brands in India, which forces local companies to develop and produce high-quality goods in order to gain market share. For instance, in March 2024, The distribution and management rights for the UK fashion company Next were purchased by the e-commerce behemoth Myntra. Thus, Myntra is granted the authority to open branded storefronts for the fashion retailer in India and distribute Next's merchandise.

The market is also expected to be driven by other factors, including as the expanding trend of eco-friendly and sustainable fashion choices, the growing fashion consciousness and style experimentation among Indian males, and the growing focus on fitness and wellness.

United Kingdom Menswear Market Overview

A sizable portion of the European menswear market is the UK, which is distinguished by a blend of contemporary, informal styles and classic tailoring. Streetwear, athleisure, and sustainable fashion have all grown in popularity as customers place a higher value on eco-friendly materials, comfort, and quality. High-street merchants like Marks & Spencer, premium labels like Burberry, and athletic clothing companies like Gymshark are important participants. While physical establishments are adjusting to the shifting preferences of consumers, the internet retail industry is growing at a rapid pace. Consumers who care about fashion, changing trends, and an increase in demand for casual, work-from-home clothing all have an impact on the industry.

Saudi Arabia Menswear Market Overview

The Saudi Arabian menswear business is a vibrant and quickly changing industry that mirrors the shifting tastes and way of life of the male populace in the nation. Menswear tastes are greatly influenced by the varied environment and subtleties of culture. Additionally, traditional clothing like the thobe and ghutra is still essential, particularly for formal events and religious gatherings, which is another important component that promotes growth. Furthermore, the impact of digital platforms and social media has been crucial in determining Saudi Arabian men's fashion trends. In addition, style bloggers and fashion influencers help spread international fashions, encouraging experimentation and individuality in the menswear industry. The menswear market is expected to develop even more in the upcoming years as the Saudi Arabian economy continues to diversify, emphasizing entertainment and travel.

Apparel- Industry is divided into 3 viewpoints:

1. Top Wear
2. Bottom Wear
3. Innerwear

Category- Industry is divided into 3 viewpoints:

1. Mass
2. Premium
3. Luxury

Distribution Channel- Industry is divided into 2 viewpoints:

1. Online
2. Offline

Countries- Industry is divided into 25 viewpoints:

North America

• United States
• Canada

Europe

• France
• Germany
• Italy
• Spain
• United Kingdom
• Belgium
• Netherlands
• Turkey

Asia Pacific

• China
• Japan
• India
• South Korea
• Thailand
• Malaysia
• Indonesia
• Australia
• New Zealand

Latin America

• Brazil    
• Mexico
• Argentina

Middle East & Africa

• Saudi Arabia
• United Arab Emirates
• South Africa

All companies have been covered with 4 Viewpoints

1. Overview
2. Key Persons
3. Recent Development & Strategies
4. Financial Insights

Company Analysis

1. Nike, Inc.     
2. Adidas AG
3. H & M Hennes & Mauritz AB
4. Levi Strauss & Co
5. Ralph Lauren Corp
6. PVH Corp
7. Hugo Boss Group
8. Under Armour Inc.

Report Details: