Men's Wear Market Analysis, Forecast and Products Estimates Report 2019-2025

[19 Aug 2019] The global men's wear market size is expected to reach USD 741.2 billion by 2025, expanding at a CAGR of 6.3% over the forecast period. Growing importance of personal grooming among adults on account of increased number of campaigns for maintaining formal as well as casual styles on social media websites including Instagram and Pinterest is expected to have a strong impact. Furthermore, these products have been gaining increasing traction among the consumers on account of their frequent purchases through e-commerce portals including Amazon and eBay as a selling medium.

Increasing number of fashion shows across the globe including Paris, New York, London, Los Angeles, Rom, Milan, Barcelona, and Berlin has made sure to garnish men's fashion with apt attention and publicity. Furthermore, some of the magazines including ZQ, Men's Vogue, Fantastic Man, and Nylon Guys are playing a crucial role in increasing awareness among buyers.

Clothing or apparel held the largest men's wear market share in 2018 and is expected to remain a dominant segment over the next few years. Product innovation by key manufacturing firms aimed at targeting the consumers with their traditional values is expected to remain a favorable factor for the industry growth. In January 2018, Raymond Group launched Khadi products under the brand names, Ethnix and Next Look. These brands will offer products such as shirts, trousers, long kurtas, short kurtas, and bandh galas, which are available in a price range of INR 3,000 - 14,000.

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Asia Pacific is expected to register the fastest CAGR of 6.6% from 2019 to 2025. High concentration of middle-class population in the countries including China, India, Pakistan, and Bangladesh is expected to remain a key driving factor. Furthermore, the number of working class male adults using smartphones for purchasing their daily consumables is increasing. This, in turn, expected to force the industry participants to increase spending on the development of their e-commerce portals in order to ensure the continuous revenue flow in the near future.

Some of the key players operating in the global men's wear market are Adidas Group; Raymond Group; Calvin Klein; Gianni Versace S.r.l.; Guccio Gucci S.p.A.; HUGO BOSS; LACOSTE; LEVI STRAUSS & CO.; Nike, Inc.; RALPH LAUREN MEDIA LLC; and Tommy Hilfiger, LLC. Product innovation is expected to remain a key strategy among the industry participants in the near future.

Further key findings from the report suggest:

• By product, the footwear segment is expected to generate a revenue of more than USD 280 billion by the end of 2025

• Online channel is expected to expand at the fastest CAGR of 11.4% from 2019 to 2025

• North America generated a revenue of USD 148.5 billion in 2018.

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Table of Contents:

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR's Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis 
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing

Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights

Continued...

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Contact Details:
Michelle Thoras
Corporate Sales Specialist, USA
Radiant Insights, Inc
28 2nd Street, Suite 3036, San Francisco, CA 94105, United States
Phone: 1-415-349-0054
Toll Free: 1-888-202-9519
Email: sales@radiantinsights.com

Wedding Wear Market Drivers, Challenges, Trends and Top Players Report 2019-2025

[26 july 2019] The global wedding wear market size is anticipated to reach USD 87.9 billion by 2025, expanding at a CAGR of 6.0% over the forecast period. Product innovation in terms of design and fabric, coupled with increased spending on weddings, is expected to be a major factor driving the market.

Wedding gowns dominated the market in 2018 and accounted for 50.0% share of the overall revenue. Different types of fabric designs such as lace, georgette, and silk that improve the aesthetic value of the overall dress is a major factor increasing product demand. However, suits and tuxedos are expected to witness the fastest growth during the forecast period owing to substantial rise in fashion awareness among the male population. Moreover, different styles of jackets, embellishments, buttons, and handwoven designs are expected to increase product demand, thereby propelling overall market growth.

The female segment occupied the largest market share in 2018. Continuous design launches are contributing to the growth for women. In November 2018, Stella McCartney launched her first ever bridal collection to increase her product portfolio. The male segment is anticipated to grow significantly during the forecast period owing to advent of social media marketing and celebrity influencers.

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Europe occupied the largest market share in 2018 owing to premium pricing strategy adopted by major players. The market in this region is comparatively mature, which is pushing manufacturers to design dresses that have costly decorations and detailing. This is expected to boost the wedding wear market growth in this region.

Asia Pacific is the fastest growing regional market owing to a large youth population present in countries like China and India. The average number of marriages per year in India and China together is estimated to be more than 20 million. This region is expected to drive the global market during the forecast period owing to increased spending on weddings as a result of rise in disposable income.

Further key findings from the study suggest:

• By product, traditional wear is projected to ascend at a CAGR of 6.3% during the forecast period. Presence of diverse cultures in Asia Pacific and Middle East and Africa is expected to drive the segment

• By gender, the male segment is anticipated to expand at a CAGR of 7.1% owing to increase in demand for stylish male wedding outfits

• Destination weddings are becoming popular owing to consumer preference for scenic locations. Leveraging this growing trend, Sabyasachi, a famous Indian Designer, launched his summer collection in 2018, exclusively for destination wedding brides.

Check out Full Report with TOC at:
https://www.radiantinsights.com/research/wedding-wear-market

Table of Contents:

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR's Internal Database
1.3.3. Male Sources & Third-Party Perspectives
1.3.4. Female Research
1.4. Information Analysis 
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing

Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights

Continued...

See our similar reports at: https://www.radiantinsights.com/catalog/consumer-goods

Contact Details:
Michelle Thoras
Corporate Sales Specialist, USA
Radiant Insights, Inc
28 2nd Street, Suite 3036, San Francisco, CA 94105, United States
Phone: 1-415-349-0054
Toll Free: 1-888-202-9519
Email: sales@radiantinsights.com

Women Wear Market Size is Predicted to Witness Growth During Forecast Period, 2019-2025

[23 july 2019] The global women wear market size is expected to reach USD 1,913.88 billion by 2025. It is projected to register a CAGR of 4.2% during the forecast period. Rising fashion consciousness, constantly changing trends coupled with strong inclination towards following these trends are the key factors driving the market. Furthermore, increase in the number working women leading to increased spending on apparels is anticipated to drive the growth.

Asia Pacific is expected to register the fastest CAGR of 5.5% from 2019 to 2025. This region is expected to witness significant demand in the forthcoming years due to increasing awareness among women to keep up with the latest fashion trends, rise in disposable income, and increasing investments by foreign brands in the form of new outlets. Availability of women wear by local manufacturers and designers at a cheaper rate is expected to remain a prominent factor in benefiting the growth. The market is mainly driven by the presence of strongly developing economies such as China and India, where the spending power of the population is also witnessed rising rise.

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Europe is anticipated to hold the highest share of the women wear market, accounting for 37.94% in 2018. U.K., Germany, Italy, and France are the prominent markets in this region. The growing fashion trends usually originate from Europe along with the use of designer apparels makes it the largest market for women apparels. The presence of premium companies such as Armani, Gucci, and Zara SA makes this region even more significant due to high demand for these brands.

North America is anticipated to be the second largest regional segment in terms of revenue with market share of exceeding 26% at the end of the forecast period. This growth is attributed by the high spending capacity of the population in developed economies such as U.S. The strong foothold and goodwill of branded companies such as Nike, Tommy Hilfiger, and Levis Strauss & Co. has made North America account for a considerable market share.

Top wear accounted for 33.51% of the overall market share owing to high demand witnessed due to constantly new trends emerging as compared to bottom wear. The footwear segment is anticipated to witness slight decline owing to high penetration of many industry players. The active participation of women in sports is a key factor driving the sports apparels and footwear demand across the globe. Especially in developing and under-developed countries the governments are encouraging more participation of women in sports and other fitness related activities, which in turn is projected to bode well for the market growth.

In terms of distribution channel, the offline segment accounted for the highest market share as majority of consumers want to personally scan the product first by trying it on, material used, and color preferences. Also, the high demand for designer apparels and footwear is one of the key reason fueling the growth of this segment. The emergence of online portals such as Myntra, Amazon, Flipkart, and others along with increasing preference of consumers for online purchase due to many value added services such as Cash on Delivery, free trials and returns, and doorstep delivery.

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Further key findings from the report suggest:

• The market for top wear is projected to exceed a revenue of USD 657.22 billion by 2025

• Footwear segment is anticipated to generated a revenue of USD 124.98 billion in 2018

• Europe is expected to account for 37.77% of global revenue share by 2025

• Some of the key players operating in the global women wear market include Giorgio Armani S.p.A., MANOLO BAHNIK, DIOR, LOUIS VUITTON, Burberry, DOLCE & GABBANA S.R.L, PRADA, Guccio Gucci S.p.A., Chanel, Gianni Versace S.r.l.to name a few.

See our similar reports at: https://www.radiantinsights.com/catalog/consumer-goods

Contact Details:
Michelle Thoras
Corporate Sales Specialist, USA
Radiant Insights, Inc
28 2nd Street, Suite 3036, San Francisco, CA 94105, United States
Phone: 1-415-349-0054
Toll Free: 1-888-202-9519
Email: sales@radiantinsights.com