Men’s Wear Market Size, Growth Prospect and Forecast Report till 2025
The global Men’s Wear Market size is projected to touch USD 741.2 billion by the end of 2025, according to a new report released by Million Insights. It is estimated to grow at a CAGR of 6.3% from 2019 to 2025. The market growth is attributed to growing preferences for style and personal grooming along with rising social-media campaigns to maintain casual and formal styles among adults. Further, the increasing penetration of e-commerce retails such as Amazon, Myntra, eBay and Mr. Voonik have become a popular shopping mode for customers resulting in growing sales of various fashionable men’s wear products.
The global Men’s Wear Market size is projected to touch USD 741.2 billion by the end of 2025, according to a new report released by Million Insights. It is estimated to grow at a CAGR of 6.3% from 2019 to 2025. The market growth is attributed to growing preferences for style and personal grooming along with rising social-media campaigns to maintain casual and formal styles among adults. Further, the increasing penetration of e-commerce retails such as Amazon, Myntra, eBay and Mr. Voonik have become a popular shopping mode for customers resulting in growing sales of various fashionable men’s wear products.
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Key players in the market include Guccio Gucci S.p.A.; Nike, Inc.; Adidas Group; LACOSTE; Gianni Versace S.r.l.; HUGO
BOSS; Tommy Hilfiger, LLC; LEVI STRAUSS & CO.; RALPH LAUREN MEDIA LLC; Raymond Group; and Calvin Klein. Key
players are focusing on continuous product innovation and are expected to follow the same strategy in the coming
years.
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Market Segment:
Further key findings from the report suggest:
• The footwear division is projected to achieve a revenue of USD 280 billion by 2025.
• Online distribution channel is projected to grow with a highest CAGR of 11.4% over the forecast period.
• North America achieved a revenue of USD 148.5 billion in the year 2018.
Million Insights has segmented the global men’s wear market on the basis of type, fabric, and region:
Men’s Wear Product Outlook (Revenue, USD Billion, 2015 - 2025)
• Clothing/Apparel
• Accessories
• Footwear
Men’s Wear Distribution Channel Outlook (Revenue, USD Billion, 2015 - 2025)
• Online
• Offline
Men’s Wear Regional Outlook (Revenue, USD Million, 2015 - 2025)
• North America
• U.S.
• Europe
• Germany
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