Men’s wear market comprises companies engaged in manufacturing men's cut and sew apparel from purchased fabric.
Men's Wear Global Market Size
The global men's wear market was valued at $38.4 billion in 2017. Asia Pacific was the largest geographic region accounting for $15.5 billion or 40.5% of the global market. China was the largest country accounting for $7.4 billion or 19.4% of the global men's wear market.
Men's Wear Global Market Trend
The growing awareness on the adverse effects of textile industry on environment is encouraging customers to opt for sustainable materials. Unlike natural materials, synthetic fibers take long time to decompose as they are made from petroleum products. Biological materials like spider silk are light and have tensile strength that are used in making garments. Some of the companies also started creating a decomposable synthetic version of spider silk. For example, Spiber Inc., a Japanese biomaterials specialist, was the first to produce artificial spider silk. The company uses genetically modified E.coli to produce the silk proteins which are used to produce silk fibers. Men’s wear manufacturing companies also have cameras linked to computers to detect the edge of a piece to carry out stitching, thus indicating high degree of automation in the apparel manufacturing industry.
The companies covered are Gap, H&M, Inditex (Zara), Kering, and LVMH.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Men's Wear Global Market Segmentation
The men's wear market is segmented into Suits And Formal Wear, Office Wear, Casual Wear, Sportswear, and Other Men's Wear.
Suits And Formal Wear includes establishments engaged in the manufacturing of men's suits and formal wear.
Office Wear includes establishments engaged in the manufacturing of men's office wear.
Casual Wear includes establishments engaged in the manufacturing of men's casual wear.
Sportswear includes establishments engaged in the manufacturing of men's sportswear.
Other Men's Wear includes establishments engaged in the manufacturing of men's wear other than like suits and formals, office wear, casual wear, and sportswear.