The Presence of Global Brands in the Region will Drive the US Men’s Wear Market:

Published: Sep 2020

The US men’s wear market is anticipated to grow at a CAGR of 4.4% during the forecast period (2020-2026). The US men’s wear industry is experiencing a high growth rate with more population of men turning to various e-commerce and online stores for their clothing needs. This online shopping trend has also aided companies significantly in maintaining the revenue during the times of total lockdown across the country amid the COVID-19 pandemic. This trend will keep fuelling the men’s wear market in nears future also until the pandemic clears out.  Moreover, the increasing per capita income is also driving the growth of the US men’s wear market.

Browse the full report description US Men’s Wear Market Size, Share & Trends Analysis Report by Product Type (Clothing, Accessories, and Footwear), By Distribution Channel (Online and Offline), and Forecast Period 2020-2026 at https://www.omrglobal.com/industry-reports/us-mens-wear-market

Furthermore, the country is home to several global fashion brands such as Adidas AG, Gianni Versace S.r.l. P.IVA, Giorgio Armani S.p.A., and Guccio Gucci S.p.A. which will also provide new growth opportunities to the US men’s wear market. Additionally, the presence of a country’s local brands that have high revenue such as Gap Inc., Nike Inc., Ralph Lauren Corp., and many more will also foster the growth of the US men’s wear market during the forecast period. Additionally, the industry players also provide services for customized or personally designed wear to its customers. This is also expected to expand the US men’s wear market size.

Market Coverage

  • Market numbers available for – 2019-2026
  • Base year- 2019
  • Forecast period- 2020-2026
  • Segment Covered- 

o By Product Type

o By Distribution Channel

  • Competitive Landscape- Brooks Brothers Group, Inc., Gap Inc., Nike In., VF Corp., Levi Strauss & Co., Prada S.p.A., Ralph Lauren Corp., and others.

Recent Developments in the US Men’s Wear Market

  • In April 2019, Ralph Lauren unveiled the Earth Polo for men and women, made completely from recycled plastic bottles and dyed with a waterless process; commits to removing 170 million plastic bottles from landfills and oceans by 2025.
  • In March 2018, The US Department of Defense has awarded New Balance a contract worth $17.3 to provide American-made athletic shoes for military personnel entering basic training.

Key questions addressed by the report

  • What is the market growth rate?
  • Which segment dominates the market in the base year?
  • Which segment will project the fastest growth in the market?
  • How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from the pre-COVID forecast

o Most affected segment

  • Who is the leader in the market?
  • How players are addressing challenges to sustain growth?
  • Where is the investment opportunity?

US Men’s Wear Market Report Segment

By Product Type

  • Clothing
  • Accessories
  • Footwear

By Distribution Channel

  • Online
  • Offline

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