Menswear Market Valuable Growth Prospects and Insights on Future Scenario till 2022

Posted on 2019-04-30 by Mark Hub in Retail // 0 Comments

Rockville, US, 2019-Apr-30 — /EPR Network/ — The report studies the “Menswear Market” worldwide, especially in North America, Europe, Southeast Asia, India and Other Regions with production, size, growth, revenue, consumption, import and export in these regions. The intelligent report also anticipates that the market would grow at a constructive CAGR until 2022. In order to study the various trends and patterns prevailing in the concerned market, Fact.MR has included a new report titled “Menswear Market Valuable Growth Prospects and Insights on Future Scenario till 2022”. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future.

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This report analyses the men’s wear market at both the global and regional levels. The growth of the global men’s wear market is projected in terms of revenue for the forecast period 2017-2022. The research study sheds light on critical dynamics of the global men’s wear market such as growth drivers and restraints. The report bifurcates the global men’s wear market as per different categories to provide a complete segmentation study. It also studies the competitive landscape of the global menswear market where top companies are profiled. It brings to light the market attractiveness, growth rate, and market value of all of the segments studied by the analysts.

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. This could be a powerful factor augmenting the demand in the global men’s wear market. Men are observed to spend immensely on party and luxury wear, not to mention sleepwear, which provides a push to the growth of the global men’s wear market.

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Footwear and clothing are some of the leading categories of menswear that attract a whole lot of demand in the market. Men’s wear clothing are usually segregated as per use and occasion – for instance, sportswear, sleepwear, and ethnic wear. Footwear is a popular category of men’s wear that is gaining a telling demand in the market.

The premium and super-premium segments of the global men’s wear market by price are expected to show promising growth in the foreseeable future. Amongst these or other segments by price, super-premium could grow at a quicker rate in the global men’s wear market. However, economy is predicted to gain a king’s share of the global men’s wear market. Although its market share could be two times more than that of super-premium, the economy segment is projected to lose BPS by the concluding forecast year.

By sales channel, the global menswear market is classified into online, specialty stores, franchise outlets, and modern trade. Amongst these segments, modern trade could overtake others in terms of revenue growth. It is expected to log a 4.9% CAGR and gain a dominant share of the global men’s wear market. Specialty stores could tread upon the heels of modern trade, whereas the online segment is forecast to show moderate growth in the global menswear market.

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