Global Shirt Market Overview:
A shirt is a clothing apparel that is used for the upper part of the body. In British English, a shirt is a more specifically worn garment with a collar, having sleeves with cuffs, and has a full vertical opening with buttons. A shirt can many times be worn with a necktie under the collar of the shirt. During the earlier times, the shirt was such an item of clothing that only men could wear, until the twentieth century wherein both men and women can wear shirts according to the places and occasions. In today’s world attire plays a very important role and one must know as to how one should dress appropriately for any situation in a corporate environment. The dresses that are worn for an interview and on any casual day are way too different. Some of the key players profiled in the study are Loft (United States), J.Crew (United States), H&M (Sweden), Nike (United States), Banana Republic (United States), Ann Taylor (United States), Barney’s (United States), Men’s Warehouse (United States), Eddie Bauer (United States), Marshall’s (United States), Forever 21(United States), Old Navy (United States) and Uniqlo (Japan).
On the basis of geography, the market of Shirt has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Pattern, the sub-segment i.e. Plain will boost the Shirt market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Fitting, the sub-segment i.e. Loose Fit will boost the Shirt market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Size, the sub-segment i.e. Standard will boost the Shirt market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channels, the sub-segment i.e. Online will boost the Shirt market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-User, the sub-segment i.e. Men will boost the Shirt market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sleeve Type, the sub-segment i.e. 3/4th Sleeves will boost the Shirt market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Fabric Type, the sub-segment i.e. Cotton will boost the Shirt market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Artistic Features and Attractive Appearance of Consumers will boost the Shirts Market
- Growing Preference for Professional Wear in the Work Area is driving the Market of Shirts
Market Trend
- Increase in the Participation of Women in the Corporate Sector and Also High Spending on Formal Shirts
- Increase in the Trend of Dressing Being Related To Self-Image and Lifestyles Plays a Major Role in the Growth of the Market
Restraints
- Government Regulations for the Clothing and Textile Industries
Opportunities
- Growing Trend of integrating Function and Fashion Industries
- Technological Advancements for Creation of New Innovative Materials
Challenges
- High Competition among the Key Players
According to the Regulation (EU) No 1007/2011, textile products have to be labeled or marked whenever they are available on the market. The indication of the fiber composition of a product is mandatory at all stages of the industrial processing and commercial distribution of that product. All products containing at least 80% by weight of textile fibers, including raw, semi-worked, worked, semi-manufactured, semi-made, and made-up products are covered by the Regulation.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new modifications in the existing products and collaborations as per their preferred strategies. In 2015, Nike had announced its ambitious plans so as to hit USD 50 billion in sales by 2020 and as known women’s business is a huge opportunity.
Target Audience:
Manufacturers of Shirts, Suppliers and Distributors of Shirts, Fashion Industry, Textile Industry and Government Regulations
Major Objectives Focused through this Study
To define, describe, and forecast the Global Shirt market on the basis of product [Casual Shirts and Formal Shirts] , application [Ceremony, Business, Casual Parties and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Shirt market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Shirt industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Express (United States), TJ Maxx (United States) and Aditya Birla Fashion (India).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Shirt market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.