March 14th, 2022/ Detroit, Michigan. The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Men’s and boy’s clothing Market.
The Men’s and Boy’s Clothing Market is estimated to grow from USD xx million in 2020 to USD xx million by 2026 at a healthy CAGR of 5.5% during the forecast period.
Men’s and boy’s clothing consists of daily wear, office wear, school wear for boys, and luxury wear for occasions. These clothing include trousers, denim, t-shirts, winter wear, and sportswear, among others. The clothing is available in various sizes and fabrics to suit the customer’s needs.
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Men’s and boy’s clothing Market Share: By Distribution Channel Trends
Based on distribution channels, the men’s and boys’ clothing market is bifurcated offline and online. The online segment held a significant market share in 2020 and is estimated to register a healthy CAGR during the forecast timeline. This is mainly attributed to increasing internet penetration, the growing influence of media, and marketing strategies adopted by e-commerce platforms such as celebrity endorsements, promotional discounts, and festive sales, which bolsters the segment growth.
Men’s and boy’s clothing Market Share: By Region
By region, the Asia Pacific market accounted for a significant share in 2020 and is expected to grow at a substantial CAGR in the following years. This is mainly ascribed to strong growth and increasing urbanization, which has spawned a modern class of consumers with more money to spend and a growing passion for current fashion, the large presence of textile and fabric companies, and cheap labor further proliferate the regional market growth.
COVID-19 Impact on Global Men’s and boy’s clothing Market
The COVID-19 outbreak has moderately affected the men’s and boys’ clothing industries. The pandemic has turned the lives of people worldwide, with the number of cases increasing rapidly. The pandemic resulted in a decline in the sales of men’s and boy’s clothing due to consumer buying behavior shift towards essential commodities. Also, due to lockdown people were stuck in their homes, thus resulting in higher sales of homeware and a decline in sales of luxury wear and party wear.
Key players operating in the Men’s and boy’s clothing market are-
- Gap, Inc. (the US)
- Aditya Birla Management Corporation Pvt. Ltd. (India)
- Inditex (Zara) (Spain)
- Kering (France)
- Nike (US)
- PVH Corp (US)
- Adidas (Germany)
- Burberry Group PLC (UK)
- Hermes (France)
- Reebok (UK).
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Features of the Report:
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Men’s and boy’s clothing Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors.
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