Retail
The global menswear market size reached US$ 593.5 Billion in 2023. As per the analysis by IMARC Group, the leading companies in the menswear market are engaged in expanding their product portfolio and gaining a competitive edge. These companies are consequently introducing environmentally sustainable apparel, which are fabricated using recyclable cloth materials and other novel variants that cater to the requirement of consumers with sensitive skins. They are also focusing on investing in marketing strategies and celebrity and social media influencer endorsements to improve their existing sales and profitability. This, along with the advent of specialized menswear sections by various luxury brands, is influencing the market positively. Apart from this, key companies are expanding their presence towards online retail channels to strengthen their market reach. Looking forward, the market value is expected to reach US$ 948.4 Billion by 2032, exhibiting a growth rate (CAGR) of 5.2% during 2024-2032.
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The global menswear market has several major players including adidas AG, Burberry Group Plc, Gap Inc., Giorgio Armani S.p.A., H&M Group, Kering S.A., Levi Strauss & Company, Nike, Inc., Prada S.p.A., PVH Corp., Ralph Lauren Corporation, and Industria de Diseño Textil, S.A. More information about these companies has been provided below.
Establishment: |
1949 |
Headquarters: |
Germany |
Website: |
https://www.adidas-group.com/ |
Adidas AG is a multinational corporation that designs and manufactures sportswear, footwear, and accessories. The company operates in over 160 countries worldwide and employs more than 62,000 people. It is recognized for its innovative and stylish designs and has partnerships with several notable athletes and sports teams. It offers a wide range of products, including athletic and lifestyle footwear, sportswear, and accessories such as bags, watches, and eyewear. It owns several brands, such as scatersands, including Reebok, TaylorMade, and Runtastic, which cater to different markets and customer segments.
Establishment: |
1856 |
Headquarters: |
London, United Kingdom |
Website: |
https://www.burberryplc.com/ |
Burberry Group Plc is known for its iconic trench coats and signature check pattern. It operates in over 50 countries worldwide and has more than 200 retail stores, and a strong e-commerce presence. Its products consist of high-end clothing, accessories, fragrances, and cosmetics, and are marketed towards a premium customer base. It is also recognized for its innovative digital initiatives, such as its Burberry World live-streaming fashion shows, and its use of social media to engage with customers.
Establishment: |
1969 |
Headquarters: |
San Francisco, California, United States |
Website: |
https://www.gapinc.com/ |
Gap Inc. is a global retailer of apparel and accessories and operates six primary brands, including Gap, Old Navy, Banana Republic, Athleta, Hill City, and Intermix. It has a presence in over 90 countries and operates more than 3,100 stores worldwide. The company is known for its commitment to sustainability, and it has implemented eco-friendly practices in its supply chain, manufacturing processes, and store operations.
Establishment: |
1975 |
Headquarters: |
Milan, Italy |
Website: |
https://www.armani.com/ |
Giorgio Armani S.p.A. offers a range of high-end clothing, accessories, eyewear, fragrances, and cosmetics. It operates in over 60 countries worldwide and has a strong presence in the luxury fashion market with more than 500 retail stores and a significant e-commerce platform. The brand is known for its classic and contemporary designs, with a focus on understated elegance and timeless style.
Establishment: |
1947 |
Headquarters: |
Stockholm, Sweden |
Website: |
https://hmgroup.com/ |
H&M Group operates in over 70 countries worldwide with more than 5,000 stores under various brands, including H&M, COS, Monki, Weekday, & Other Stories, and ARKET. It has made significant strides towards sustainability, implementing eco-friendly practices in its manufacturing processes and supply chain operations. Its products range from affordable fast-fashion clothing to more premium lines, catering to a wide range of customers.
Establishment: |
1963 |
Headquarters: |
Paris, France |
Website: |
https://www.kering.com/ |
Kering S.A. is a French luxury goods company that owns a portfolio of high-end fashion and luxury brands, including Gucci, Saint Laurent, Balenciaga, Bottega Veneta, Alexander McQueen, and Brioni. It operates in over 120 countries worldwide, with a presence in more than 2,000 retail stores, and a significant e-commerce platform. It is known for its commitment to sustainability and has implemented several eco-friendly practices in its manufacturing processes and supply chain operations. It also supports several charitable organizations, including the Kering Foundation, which focuses on preventing violence against women and promoting women's empowerment.
Establishment: |
1853 |
Headquarters: |
San Francisco, California, United States |
Website: |
https://www.levistrauss.com/ |
Levi Strauss & Company is a world-renowned clothing company that operates in more than 100 countries and has a significant global presence. The company is recognized for its commitment to sustainability, which is evident in its efforts to reduce its carbon footprint and conserve water. It also implemented several programs to improve the lives of the workers in its supply chain, such as offering education and training programs and improving working conditions.
Establishment: |
1964 |
Headquarters: |
United States |
Website: |
https://www.nike.com/ |
Nike, Inc. is a multinational corporation that designs, develops, and sells athletic footwear, apparel, and accessories. It is one of the world's largest suppliers of athletic apparel and footwear and recognized as a leader in innovation, design, and marketing. It has a wide range of products, including running shoes, basketball shoes, soccer cleats, and training apparel. The company is known for its innovation, quality, and commitment to sustainability and social responsibility.
Establishment: |
1913 |
Headquarters: |
Milan, Italy |
Website: |
https://www.pradagroup.com/ |
Prada S.p.A. is an Italian luxury fashion company that offers a wide range of luxury products, including clothing, handbags, footwear, and accessories. Its products are known for their sleek and sophisticated designs, and the brand is often associated with elegance, exclusivity, and high-end fashion. It is recognized for its use of unconventional materials and avant-garde designs that challenge the norms of the industry. It has collaborated with renowned architects and artists to create eye-catching and thought-provoking window displays and store designs. The company has also partnered with celebrities and influencers to promote its products and build brand awareness.
Establishment: |
1881 |
Headquarters: |
New York, United States |
Website: |
https://www.pvh.com/ |
PVH Corp. is a global fashion and lifestyle company that operates several well-known brands, including Calvin Klein, Tommy Hilfiger, and Van Heusen. It is a leader in the fashion industry and recognized for its high-quality products, innovative designs, and commitment to sustainability. It has a diverse product line that includes clothing, footwear, and accessories for men, women, and children. Its brands are known for their iconic and classic designs, which appeal to a wide range of consumers.
Establishment: |
1967 |
Headquarters: |
New York, United States |
Website: |
https://www.ralphlauren.com/ |
Ralph Lauren Corporation offers a wide range of luxury apparel, accessories, and home goods. The company is recognized for its classic and sophisticated designs, which appeal to a broad range of consumers. It has used celebrity endorsements and partnerships to promote its products and build brand awareness. It has also implemented several digital marketing initiatives to connect with consumers and engage with them through social media and e-commerce.
Establishment: |
1985 |
Headquarters: |
Spain |
Website: |
https://www.inditex.com/ |
Industria de Diseño Textil, S.A. operates several well-known brands, including Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, and Oysho. The company is known for its fast fashion business model, which involves designing, manufacturing, and distributing fashion products quickly and efficiently to meet consumer demand. It has a strong presence in both brick-and-mortar and e-commerce retail, with thousands of stores worldwide and a robust online presence. It is also recognized for its innovative marketing strategies, which involve creating high-quality content and partnering with celebrities and influencers to promote its products.
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About Author:
Shree Basu Senior Content Writer at IMARC Services Private Limited Shree Basu is an experienced content writer with a passion for researching about diverse markets, ranging from technology to chemistry to agriculture. She has around two years of experience in different aspects of market research and has worked with multiple startups and enterprises in the B2B, B2C, and retail industries. In her free time, Shree enjoys reading, feeding stray animals, and watching crime documentaries. |
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