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Global Non-store and Online Menswear Market by Product and Geography - Forecast and Analysis 2022-2026

  • Published: Jun 2022
  • Pages: 120
  • SKU: IRTNTR40809
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The non-store and online menswear market share is expected to increase to USD 59.61 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 12.5%.

This non-store and online menswear market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers non-store and online menswear market segmentation by product (apparel and accessories and others) and geography (APAC, North America, Europe, South America, and Middle East and Africa). The non-store and online menswear market report also offers information on several market vendors, including Aditya Birla Fashion and Retail Ltd., Alibaba Group Holding Ltd., Amazon.com Inc., boohoo.com UK Ltd., GANT USA Corp., Grailed Inc., Grenson Ltd., J D Williams and Co. Ltd., Kohls Corp., Landmark Group, Next Plc, Nordstrom Inc., Reliance Industries Ltd., River Island Clothing Co. Ltd., Shoppers Stop Ltd., Tata Sons Pvt. Ltd., The Gap Inc., The Kroger Co., Walmart Inc., and YOOX NET-A-PORTER GROUP among others.

What will the Non-store and Online Menswear Market Size be During the Forecast Period?

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Non-store and Online Menswear Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increasing digital spend is notably driving the non-store and online menswear market growth, although factors such as the expanding retail space may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the non-store and online menswear industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Non-store and Online Menswear Market Driver

Increasing digital spending is one of the key drivers fueling the non-store and online menswear market growth. Fundamentally, companies spend a considerable share of their spending on improving their SEO architecture, followed by social media. This rise in spending on digital platforms has increased website traffic, userbase, and repeat users. In the traditional form of advertising, companies used to spend on TV and outdoor forums such as billboards, pamphlets, and radio. However, nowadays, the trend is changing, and vendors are focusing on digital platforms to increase their customer base and drive sales. This increase in digital spending is expected to attract customers from a large base, which, in turn, will drive the sales of menswear through non-store and online channels during the forecast period.

Key Non-store and Online Menswear Market Trend

Increasing customization is one of the key non-store and online menswear market trends supporting the market growth. Several vendors are developing customized products, such as t-shirts and shirts. Vendors, such as Amazon and Walmart, offer t-shirts that can be customized according to the needs of customers. For instance, on Amazon, a customer can customize t-shirts in terms of text or quotes, picture, color, and font. Similarly, Walmart provides an option to choose t-shirts from various sizes, colors, and pictures to create personalized t-shirts. It helps customers to create products on their own in less time and have cost advantages in terms of free shipping and no investment. Therefore, vendors focusing on printing on-demand models and offering customized t-shirts will drive the growth of the global non-store and online menswear market during the forecast period.

Key Non-store and Online Menswear Market Challenge

Expanding retail space is one of the factors challenging the non-store and online menswear market growth. Multi-brand retail stores sell the various brands offered by vendors, thus enabling consumers to choose from a wide variety of brands. Walmart and Kroger are some of the leading retailers that sell menswear through offline channels. For instance, on May 25, 2022, Amazon announced the launch of its first brick-and-mortar fashion retail store in Los Angeles, the US. The store has employed machine-learning technology to help customers find clothes and personalize recommendations. Moreover, the plan of establishing stores and still focusing on offline format poses competition to the online channels. Such factors can negatively impact the growth of the global non-store and online menswear market during the forecast period.

This non-store and online menswear market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global non-store and online menswear market as a part of the global apparel, accessories, and luxury goods market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the non-store and online menswear market during the forecast period.

Who are the Major Non-store and Online Menswear Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Aditya Birla Fashion and Retail Ltd.
  • Alibaba Group Holding Ltd.
  • Amazon.com Inc.
  • boohoo.com UK Ltd.
  • GANT USA Corp.
  • Grailed Inc.
  • Grenson Ltd.
  • J D Williams and Co. Ltd.
  • Kohls Corp.
  • Landmark Group
  • Next Plc
  • Nordstrom Inc.
  • Reliance Industries Ltd.
  • River Island Clothing Co. Ltd.
  • Shoppers Stop Ltd.
  • Tata Sons Pvt. Ltd.
  • The Gap Inc.
  • The Kroger Co.
  • Walmart Inc.
  • YOOX NET-A-PORTER GROUP

 

This statistical study of the non-store and online menswear market encompasses successful business strategies deployed by the key vendors. The non-store and online menswear market is fragmented and the vendors are deploying growth strategies such as price, quality, presence of brands, discounts, and availability of products to compete in the market.

Product Insights and News

  • Alibaba.com - The company offers non-store and online menswear products such as Men Various Colors Sweat Vendors Custom Mens Sportswear and Cashmere Mens T-shirt Collar Half.
  • Amazon.com - The company offers non-store and online menswear products such as shirts, t-shirts, tanks, jackets, coats, fashion hoodies and sweatshirts.
  • Landmarkgroup.com - The company offers non-store and online menswear brands such as Lifestyle and Easy Buy.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The non-store and online menswear market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Non-store and Online Menswear Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the non-store and online menswear market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Non-store and Online Menswear Market?

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34% of the market’s growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for the non-store and online menswear market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Vendors are trying to expand their presence across countries in APAC through partnerships with logistics companies and exclusive brands, as well as M&A, which will facilitate the non-store and online menswear market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 had a negative impact on the regional market growth. However, the initiation of vaccination drives by the governments, the growing trend of non-store and online menswear for various social events, and the increase in disposable incomes are the major factors expected to drive the growth of the regional non-store and online menswear market during the forecast period.

What are the Revenue-generating Product Segments in the Non-store and Online Menswear Market?

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The non-store and online menswear market share growth by the apparel segment will be significant during the forecast period. The men's category of the fast fashion industry is growing due to the demand from the youth and fashion professionals. Men belonging to these categories keep track of fashion trends and update and style themselves according to the latest fashion. Therefore, men opt for subscription services as they can get discounts on clothes on non-store and online platforms. Thus, the apparel segment will witness growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the non-store and online menswear market size and actionable market insights on post COVID-19 impact on each segment.

 

Non-store and Online Menswear Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 12.5%

Market growth 2022-2026

$ 59.61 billion

Market structure

Fragmented

YoY growth (%)

10.68

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 34%

Key consumer countries

US, China, India, Japan, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Aditya Birla Fashion and Retail Ltd., Alibaba Group Holding Ltd., Amazon.com Inc., boohoo.com UK Ltd., GANT USA Corp., Grailed Inc., Grenson Ltd., J D Williams and Co. Ltd., Kohls Corp., Landmark Group, Next Plc, Nordstrom Inc., Reliance Industries Ltd., River Island Clothing Co. Ltd., Shoppers Stop Ltd., Tata Sons Pvt. Ltd., The Gap Inc., The Kroger Co., Walmart Inc., and YOOX NET-A-PORTER GROUP

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Non-store and Online Menswear Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive non-store and online menswear market growth during the next five years
  • Precise estimation of the non-store and online menswear market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the non-store and online menswear industry across APAC, North America, Europe, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of non-store and online menswear market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 24: Chart on Product - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
    • 5.2 Comparison by Product
      • Exhibit 26: Chart on Comparison by Product
      • Exhibit 27: Data Table on Comparison by Product
    • 5.3 Apparel - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Apparel - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 29: Data Table on Apparel - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 30: Chart on Apparel - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Apparel - Year-over-year growth 2021-2026 (%)
    • 5.4 Accessories and others - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Accessories and others - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 33: Data Table on Accessories and others - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 34: Chart on Accessories and others - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Accessories and others - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Product
      • Exhibit 36: Market opportunity by Product ($ billion)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 North America - Market size and forecast 2021-2026
      • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.5 Europe - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 India - Market size and forecast 2021-2026
      • Exhibit 70: Chart on India - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 71: Data Table on India - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 72: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 7.11 Germany - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.12 Japan - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 79: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 80: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ billion)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 Alibaba Group Holding Ltd.
              • Exhibit 89: Alibaba Group Holding Ltd. - Overview
              • Exhibit 90: Alibaba Group Holding Ltd. - Business segments
              • Exhibit 91: Alibaba Group Holding Ltd. - Key offerings
              • Exhibit 92: Alibaba Group Holding Ltd. - Segment focus
            • 10.4 Amazon.com Inc.
              • Exhibit 93: Amazon.com Inc. - Overview
              • Exhibit 94: Amazon.com Inc. - Business segments
              • Exhibit 95: Amazon.com Inc. - Key news
              • Exhibit 96: Amazon.com Inc. - Key offerings
              • Exhibit 97: Amazon.com Inc. - Segment focus
            • 10.5 Landmark Group
              • Exhibit 98: Landmark Group - Overview
              • Exhibit 99: Landmark Group - Product / Service
              • Exhibit 100: Landmark Group - Key offerings
            • 10.6 Next Plc
              • Exhibit 101: Next Plc - Overview
              • Exhibit 102: Next Plc - Business segments
              • Exhibit 103: Next Plc - Key offerings
              • Exhibit 104: Next Plc - Segment focus
            • 10.7 Nordstrom Inc.
              • Exhibit 105: Nordstrom Inc. - Overview
              • Exhibit 106: Nordstrom Inc. - Business segments
              • Exhibit 107: Nordstrom Inc. - Key news
              • Exhibit 108: Nordstrom Inc. - Key offerings
              • Exhibit 109: Nordstrom Inc. - Segment focus
            • 10.8 River Island Clothing Co. Ltd.
              • Exhibit 110: River Island Clothing Co. Ltd. - Overview
              • Exhibit 111: River Island Clothing Co. Ltd. - Product / Service
              • Exhibit 112: River Island Clothing Co. Ltd. - Key offerings
            • 10.9 Shoppers Stop Ltd.
              • Exhibit 113: Shoppers Stop Ltd. - Overview
              • Exhibit 114: Shoppers Stop Ltd. - Product / Service
              • Exhibit 115: Shoppers Stop Ltd. - Key offerings
            • 10.10 Tata Sons Pvt. Ltd.
              • Exhibit 116: Tata Sons Pvt. Ltd. - Overview
              • Exhibit 117: Tata Sons Pvt. Ltd. - Business segments
              • Exhibit 118: Tata Sons Pvt. Ltd. - Key offerings
              • Exhibit 119: Tata Sons Pvt. Ltd. - Segment focus
            • 10.11 The Kroger Co.
              • Exhibit 120: The Kroger Co. - Overview
              • Exhibit 121: The Kroger Co. - Product / Service
              • Exhibit 122: The Kroger Co. - Key offerings
            • 10.12 Walmart Inc.
              • Exhibit 123: Walmart Inc. - Overview
              • Exhibit 124: Walmart Inc. - Business segments
              • Exhibit 125: Walmart Inc. - Key news
              • Exhibit 126: Walmart Inc. - Key offerings
              • Exhibit 127: Walmart Inc. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 128: Inclusions checklist
                • Exhibit 129: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 130: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 131: Research methodology
                • Exhibit 132: Validation techniques employed for market sizing
                • Exhibit 133: Information sources
              • 11.5 List of abbreviations
                • Exhibit 134: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              The non-store and online menswear market growth will increase by $59.61 billion during 2022-2026.
              The non-store and online menswear market is expected to grow at a CAGR of 12.5% during 2022-2026.
              Technavio has segmented the non-store and online menswear market by geographic (APAC, North America, Europe, South America, and Middle East and Africa).
              Aditya Birla Fashion and Retail Ltd., Alibaba Group Holding Ltd., Amazon.com Inc., boohoo.com UK Ltd., GANT USA Corp., Grailed Inc., Grenson Ltd., J D Williams and Co. Ltd., Kohls Corp., Landmark Group, Next Plc, Nordstrom Inc., Reliance Industries Ltd., River Island Clothing Co. Ltd., Shoppers Stop Ltd., Tata Sons Pvt. Ltd., The Gap Inc., The Kroger Co., Walmart Inc., YOOX NET-A-PORTER GROUP are a few of the key vendors in the non-store and online menswear market.
              APAC will register the highest growth rate of 33.9% among the other regions. Therefore, the non-store and online menswear market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the non-store and online menswear market growth are:
              • Increasing digital spend
              • Rising emphasis on inorganic growth
              The non-store and online menswear market vendors should focus on grabbing business opportunities from the segment as it accounted for the largest market share in the base year.
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