Market Snapshot:
Men who value fit, function, and style have an increasing number of designers to choose from when it comes to apparel and accessories. From casual wear to elegant evening wear, there's something for everyone. In comparison to women's clothing, menswear is typically comprised of rigid and durable fabrics with neutral colors and more modest embellishments. It comes in a wide range of styles, including casuals, formals, and ethnic. One of the most recent market trends is the increased demand for customized and personalized apparel. With men becoming more fashion-conscious and placing a greater emphasis on personal appearance, the demand for luxury menswear is booming around the world. In the worldwide fashion industry, the luxury menswear industry is the largest and most important segment. It is a company that produces and sells finished menswear. The luxury menswear industry is one of the most in-demand industries, generating large industrial earnings and helping to economic growth in many countries throughout the world.
Highlights from Luxury Menswear Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The key Vendors profiled in the report are Christian Dior (France), Nike (United States), Adidas (Germany), Ralph Lauren (United States), GUCCI (Italy), Inditex (Spain), Calvin Klein (United States), True Religion (United States), Burberry (United Kingdom) and Armani (Italy). Additionally, other players that are part of this comprehensive study are DaMENSCH (India), Mizzen+Main (United States), Mack Weldon (United States) and InStitchu (Australia).
Geographic Breakdown and Segment Analysis
The Global Luxury Menswear market presents a comprehensive analysis of the Luxury Menswear market by product type (Sweatshirts & Sweatpants, T-Shirts & Rugby Shirts, Jackets, Coats & Vests, Jeans & Denim, Pants & Chinos, Sport Coats & Blazers, Suits & Tuxedos, Active wear and Pajamas & Robes), by end-user/application (Children, Teenager and Adult), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Luxury Menswear industry. Investors and Vendors can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Luxury Menswear market
Analyst at AMA have segmented the market study of Global Luxury Menswear market by Type, Application and Region.
Influencing Trend:
Increasing Popularity Of Designer Menswear Across The Regions
Market Growth Drivers:
Growing The Internet Shaping Purchasing Behavior, Increasing High Net Worth Individuals and Surge In E-Commerce Sales, And Growth In Emerging Countries
Challenges:
High Cost Of Raw Materials Restrains The Luxury Menswear Market Growth
Restraints:
Duplicates Are Identical Items With A Slightly Different Brand Name And A Lower Price and Second-Hand Luxury Options Are Available
Opportunities:
The Acceptance Of Luxury Lifestyle Among Consumers Has Partial The Purchasing Power To Opt For Luxury Wears Among Millennial and Rapidly Development And Rising Urbanization Has Produced Amodern Class Of Consumers With More Money To Spend And A Growing Passion For Current Fashion
Market Developments Activities:
On 31 December 2021, NIKE, Inc. announced the acquisition of RTFKT, a leading brand that leverages cutting edge innovation to deliver next generation collectibles that merge culture and gaming.
On 25 August 2021, Ralph Lauren Announces An Exclusive Partnership With Zepeto. Ralph Lauren Today Announced Ralph Lauren X Zepeto — A New Collaboration For The Global Social Networking And Avatar Simulation App, Where Users Can Immerse Themselves In A Fully Articulated Virtual World With A Personalized 3d Avatar And Socialize With Other Users.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Key Target Audience
Luxury Menswear Manufacturers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others