Consumer Goods

Menswear Market Report Cover

Menswear Market

Menswear Market Report Cover

Menswear Market Size, Share, Growth & Industry Analysis, By Product Type (Apparels, Footwear, Accessories), By Distribution Channel (Multi-Brand Stores, Specialty Stores, Online Retailers, Others) and Regional Analysis, 2024-2031

Author : Ashim L.

Pages : 120

Base Year : 2023

Release : May 2024

Report ID: KR685

Menswear Market Size

The Global Menswear Market size was valued at USD 546.36 billion in 2023 and is projected to reach USD 924.52 billion by 2031, growing at a CAGR of 6.89% from 2024 to 2031. In the scope of work, the report includes products offered by companies such as Adidas AG, Alex Mill, Burberry Limited, Calvin Klein, Guccio Gucci S.p.A., Hanesbrands Inc., Nike, Inc, Patagonia, Inc., RALPH LAUREN MEDIA LLC, Tommy Hilfiger Licensing, LLC. and Others.

This growth is primarily driven by the increasing fashion consciousness among men and the growing influence of social media on style trends. Additionally, rising disposable incomes in emerging markets facilitate greater spending on apparel. Moreover, the expansion of e-commerce platforms significantly boosts accessibility and convenience for consumers, allowing for a wider reach of diverse menswear styles and brands across different regions.

The global menswear market is experiencing robust growth and is anticipated to expand substantially in the forecast duration (2024-2031). This sector is diversifying through the integration of traditional and casual styles, influenced by changing workplace norms and cultural shifts toward the adoption of more relaxed attires. Innovations in materials and sustainability practices are prioritized by manufacturers to appeal to environmentally conscious consumers, thereby significantly impacting the market and its offerings.

The menswear market encompasses the sale of apparel specifically designed for men, including a variety of garments, footwear, and accessories. This market caters to adult males of all age groups and spans both mass-market and luxury segments. It covers sales through various channels, including brick-and-mortar stores and digital platforms, addressing both seasonal and year-round clothing needs.

Analyst’s Review 

The global menswear market is experiencing robust growth driven by increasing fashion awareness, digital advancements, and sustainability trends. Urbanization and rising incomes in emerging markets are also contributing to market expansion. However, challenges such as supply chain complexities and rapid fashion cycles are impacting the market. Nonetheless, the market's trajectory remains positive, with significant growth opportunities for brands prioritizing innovation, sustainability, and responsiveness to evolving consumer preferences.

Menswear Market Growth Factors

The integration of technology into the fashion industry is transforming the menswear market landscape. Brands are increasingly adopting digital tools, including augmented reality (AR) fitting rooms and AI-driven style assistants, to enhance the shopping experience and personalize customer interactions. This technological shift is improving the accuracy of size fittings, reducing return rates, and allowing companies to gather detailed consumer data. Due to this, brands possess enhanced capabilities to tailor their designs and marketing strategies to meet the specific preferences and needs of their customers, thereby driving sales and fostering increased customer loyalty.

A significant challenge hindering industry growth is consumer expectations for new and trendy apparel offerings within shorter time frames, leading to overproduction and increased inventory waste. Moreover, brands are adopting a lean manufacturing approach that emphasizes just-in-time production and more frequent, smaller product drops. This helps them align supply more closely with demand, thereby enhancing responsiveness to changing fashion trends. Furthermore, the incorporation of on-demand manufacturing serves to reduce waste, making the production process more sustainable and cost-effective.

Menswear Market Trends

The rise in demand for sustainable fashion is shaping the menswear market dynamics. Consumers, particularly younger generations, are increasingly conscious of their environmental and social impacts, leading to an increased demand for eco-friendly and ethically produced clothing. Brands are responding to this surging demand by incorporating sustainable practices throughout their supply chains, which encompasses sourcing organic materials and implementing measures to reduce water and energy consumption during manufacturing processes. This trend extends to packaging and distribution, with companies exploring biodegradable packaging and carbon-neutral shipping options. As sustainability becomes a key differentiator, brands that prioritize eco-conscious practices are gaining favor among discerning consumers.

The convergence of traditional style boundaries significantly impacts the market, as casualization and versatility are becoming key considerations for consumers. This trend is further influenced by lifestyle changes such as the rise of remote work and increased focus on comfort. This shift is evident in the fusion of formal and casual elements in menswear, where tailored pieces are paired with athleisure or streetwear-inspired accents. The acceptance of gender-neutral and unisex fashion further contributes to this trend, offering designs that cater to a broader range of individual styles and preferences. Due to this, the menswear market is experiencing greater diversity and creativity in design offerings.

Segmentation Analysis

The global menswear market is segmented based on product type, distribution channel, and geography.

By Product Type

Based on product type, the market is segmented into apparels, footwear, and accessories. The apparels segment led the market in 2023, reaching a valuation of USD 255.97 billion. The dominance of the segment can be attributed to several factors such as the change in fashion trends and evolving style preferences that consistently stimulate demand for new clothing options among consumers. Furthermore, the increasing adoption of casual and athleisure wear in both formal and informal settings contributes to segment growth.

Additionally, advancements in textile technology and manufacturing processes enable brands to offer a diverse range of high-quality and innovative apparel products. Effective marketing strategies and brand positioning efforts by major players further boost consumer interest and engagement in the apparels segment.

By Distribution Channel

Based on distribution channel, the market is divided into multi-brand stores, specialty stores, online retailers, and others. The multi-brand stores segment secured the largest revenue share of 46.85% in 2023. This expansion is mainly propelled by the diverse product offerings by these stores within a single location, thereby providing consumers with convenience and choice. Moreover, strategic partnerships and collaborations with popular brands enhance the attractiveness of multi-brand stores, appealing to a diverse customer base.

Additionally, the growing trend of experiential shopping, where customers seek personalized and curated shopping experiences, favors the multi-brand store format. Furthermore, investments in omni-channel retailing and digitalization enhance the reach and accessibility of multi-brand stores, thereby contributing to the growth of the segment.

Menswear Market Regional Analysis

Based on region, the global menswear market is classified into North America, Europe, Asia-Pacific, MEA, and Latin America.

Menswear Market Size & Share, By Region, 2024-2031

The Asia Pacific Menswear Market share stood around 35.08% in 2023 in the global market, with a valuation of USD 191.66 billion. This dominance in the menswear market is fostered by the presence of densely populated countries such as China and India, charaterized by burgeoning middle-class demographics with increasing purchasing power. This growth is leading to an increased demand for fashion and lifestyle products, including menswear.

Additionally, rapid urbanization and digitalization in the menswear market are fueling e-commerce adoption, providing consumers with a convenient platform to access a wide range of menswear offerings. Furthermore, the region's rich textile manufacturing heritage, coupled with its competitive production costs, attracts global brands seeking efficient supply chains, thereby positioning Asia-Pacific as a key hub for the expansion of the menswear industry.

Competitive Landscape

The global menswear market report will provide valuable insight with an emphasis on the fragmented nature of the industry. Prominent players are focusing on several key business strategies such as partnerships, mergers and acquisitions, product innovations, and joint ventures to expand their product portfolio and increase their market shares across different regions. Strategic initiatives, including investments in R&D activities, the establishment of new manufacturing facilities, and supply chain optimization, could create new opportunities for market growth.

List of Key Companies in Menswear Market

  • Adidas AG
  • Alex Mill
  • Burberry Limited
  • Calvin Klein
  • Guccio Gucci S.p.A.
  • Hanesbrands Inc.
  • Nike, Inc
  • Patagonia, Inc.
  • Tommy Hilfiger Licensing, LLC.

Key Industry Developments 

  • March 2024 (Launch): Burberry launched a new collection of scarves and trench coats, created through collaboration with Highgrove Gardens, the private residence of King Charles III and Queen Camilla. This marks their third partnership and serves as a tribute to King Charles III's work and The King’s Foundation charity, which promotes traditional craft skills. The scarves, made in Italy from organic silk and featuring hand-rolled edges, ensure durability. The Castleford trench coat, a new style by Chief Creative Officer Daniel Lee, is woven from gabardine and made with 100% organic cotton, available in hunter and ivy colors.
  • November 2023 (Launch): Champion Athleticwear recently unveiled its latest innovation: Eco Future Reverse Weave with CiCLO technology, a patented solution that transformed synthetic textiles to mimic natural fibers in the environment. This technology was applied to crewnecks and joggers, and it became available to consumers via stores and online retail at

The Global Menswear Market is Segmented as:

By Product Type

  • Apparels
  • Footwear
  • Accessories

By Distribution Channel

  • Multi-Brand Stores
  • Specialty Stores
  • Online Retailers
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • U.K.
    • Spain
    • Germany
    • Italy
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • Middle East & Africa
    • GCC
    • North Africa
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America
  • Check Icon Additional Company Profiles
  • Check Icon Additional Countries
  • Check Icon Cross Segment Analysis
  • Check Icon Regional Market Dynamics
  • Check Icon Country-Level Trend Analysis
  • Check Icon Competitive Landscape Customization
  • Check Icon Extended Forecast Years
  • Check Icon Historical Data Up to 5 Years
Frequently Asked Questions (FAQ's)
The global market is projected to reach USD 924.52 billion by 2031, growing at a CAGR of 6.89% from 2024 to 2031.
The global market was valued at USD 546.36 billion in 2023.
Fashion consciousness, digital innovation, sustainability emphasis, urbanization, e-commerce growth, and rising disposable incomes are key drivers for the market.
Top manufacturers of menswear are Adidas AG, Alex Mill, Burberry Limited, Calvin Klein, Guccio Gucci S.p.A., Hanesbrands Inc., Nike, Inc, Patagonia, Inc., RALPH LAUREN MEDIA LLC, Tommy Hilfiger Licensing, LLC. and others.
Asia-Pacific is the fastest growing region with the CAGR of 8.42% in the forecast period (2024-2031) with the market value forecast to reach at USD 365.70 billion.
By product type, apparels will hold the maximum share in the menswear market with the revenue value of USD 428.17 billion in 2031.
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