Mens Top Wear Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2020-2024

The global men's top wear market has the potential to grow by USD 58.02 billion during 2020-2024, and the market's growth momentum will accelerate throughout the forecast period because of the steady increase in year-over-year growth.

This report provides a detailed analysis of the market by distribution channel (offline and online) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market's competitive landscape. It offers information on several market vendors, including H & M Hennes & Mauritz AB, Industria de Diseño Textil SA, Kering SA, Levi Strauss & Co., LVMH Moët Hennessy - Louis Vuitton, Nike Inc., PVH Corp., Ralph Lauren Corp., The Gap Inc., and VF Corp.

Market Overview

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Market Competitive Analysis

The men's top wear market is currently fragmented, and the degree of fragmentation will increase during the forecast period. Market vendors are focusing on competitive merchandising by operating numerous company-owned stores and licensing stores. H & M Hennes & Mauritz AB, Industria de Diseño Textil SA, and Kering SA are some of the major market participants. Although the increasing demand for luxury men’s top wear will offer immense growth opportunities, the availability of counterfeit products will challenge the growth of the market participants. To increase their men's top wear market share, companies should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this men's top wear market forecast report provides a detailed analysis of the market leaders. It offers information on the competencies and capacities of these companies. The report also covers details on the market's competitive landscape and provides information on the products offered by various companies. Moreover, this men's top wear market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This men's wear market report provides information on the production, sustainability, and prospects of several leading men's top wear manufacturers, including:

• H & M Hennes & Mauritz AB
• Industria de Diseño Textil SA
• Kering SA
• Levi Strauss & Co.
• LVMH Moët Hennessy - Louis Vuitton
• Nike Inc.
• PVH Corp.
• Ralph Lauren Corp.
• The Gap Inc.
• VF Corp.

Men's Top Wear Market: Segmentation by Region

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APAC was the largest market for men's top wear in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Growing urbanization, increasing disposable income, and strategic business agreements by vendors are some of the significant factors responsible for men's top wear market growth in this region.

Almost 35% of the market's growth will originate from APAC during the forecast period. China is a key market for men's top wear in APAC. Market growth in this region will be faster than the growth of the market in Europe and North America.

Men's Top Wear Market: Segmentation by Distribution Channel

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Retailers and market vendors are adopting various marketing strategies, such as offering discounts, branding signages, and trial sessions to increase the sales of men's top wear through offline distribution channels. The growth of organized retailing and expansion in the number of supermarket and hypermarket retail chains will also fuel the growth of this men's wear market in this segment.

However, market growth in this segment will be slower than the growth of the market in the online segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the men's top wear market size.

Men's Top Wear Market: Key Drivers and Trends

The increasing demand for luxury men's top wear will be a significant factor driving the growth of the men's topwear market. The rising demand from middle-class customers, growing demand for branded products, and changing fashion trends have encouraged market vendors to offer luxury men's apparel, including men's top wear. The increasing brand-consciousness among customers, especially from North America and Europe, has also boosted the adoption of premium shirts and t-shirts. Several market vendors are offering premium men's top wear designed specifically for high-end customers. For instance, premium men's top wear offered by Kering under the brand name Gucci are available in unique designs and suitable for any occasion. LVMH also offers premium products, such as CLASSIC DAMIER PIQUE POLO and CLASSIC LONG SLEEVE PIQUE POLO, under the brand name LOUIS VUITTON. The rising demand for such luxury men's top wear is expected to fuel the growth of the market during the forecast period.

• Synthetic dyes and chemicals present in clothes may cause skin allergies and diseases.
• Customers increasingly prefer organic clothes, including men's top wear, to prevent such skin problems and diseases.
• The rising demand for organic men's top wear, which is one of the critical men's top wear market trends, has encouraged market vendors to offer organic shirts and t-shirts.
• Although the cost of organic men's top wear is higher than chemical-based fabric men's top wear, the high quality of organic clothes will boost its adoption among customers.
• During 2020-2024, the men's top wear market will grow at a CAGR of over 6%.

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Men's Top Wear Market: Key Highlights of the Report for the Forecast Period 2020-2024

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will accelerate the growth of the men's wear market during the next five years
• Precise estimation of the global men's top wear market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the men's top wear industry across APAC, Europe, MEA, North America, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of men's top wear vendors  

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