Men’s Clothing Statistics By Revenue, Market Size and Facts

Introduction

Men’s Clothing Statistics: The men’s clothing industry relates to the retail section that provides apparel and accessories, especially for men. It comprises a huge range of products that also involve casual wear, sportswear, accessories, gym wear, footwear, and formal wear.

In past years, the men’s clothing market has experienced notable growth and has become a huge competition in the industry globally. The market is driven by the introduction of fashion trends, changing customer likings, and also growing awareness about personal grooming in men. Let us shed more light on the “Men’s Clothing Statistics.”

Editor’s Choice

• The global revenue from the Men’s Apparel market is anticipated to reach a substantial USD 573.50 billion in 2024. This market is expected to grow annually at a rate of 2.90% from 2024 to 2028.
• The United States leads this segment with a projected revenue of USD 114 billion in 2024. On average, each person worldwide is estimated to contribute USD 74.01 to this market in 2024.
• Looking ahead, the volume of Men’s Apparel is forecasted to increase to 43.5 billion pieces by 2028, with a predicted volume growth of 1.8% in 2025.
• On average, each person is expected to purchase 5.2 pieces of men’s apparel in 2024.
• Despite the prominence of Western fashion trends, traditional clothing styles remain significant in men’s apparel across various countries worldwide.
• In 2022, Men’s Apparel made up 33% of the total revenue from all types of clothing worldwide, amounting to USD 504 billion. Analysts predict this revenue will reach USD 643 billion by 2028. This segment report offers an international view of the Men’s Apparel market.

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What is A Capsule Wardrobe?

Creating a capsule wardrobe sounds perfect in theory but can be tricky in practice. The idea is to have a small, carefully chosen set of clothes that you can mix and match to create stylish outfits without fail. It’s also good for the environment because it encourages less shopping. However, it can be tempting to buy things during sales. We suggest starting with a capsule wardrobe to build a solid foundation of versatile pieces while still giving yourself some freedom to try out new styles.

Essentials of Men’s Wardrobe

• Plain White T-Shirt: A basic white T-shirt can be worn under other clothes, by itself with jeans, or customized with designs. For unique options, look at our guide to the best white T-shirts.
• Upgrade Undies: Calvin Klein makes slim, comfortable trunks and boxer briefs. They’re so good that you can buy them in bulk.
• Go-To Jeans: Levi’s 501s are the top pick for men’s jeans. They’re timeless and work for any day of the week. Buck Mason offers a similar style if you like a lighter, retro look.
• Sporty Steel Ticker: If you want a durable dive watch without spending too much, consider Seiko’s five series. It has automatic movement, a day-date display, water resistance, and a tough case—all at a great price. For a bit more money, check out Bulova’s options.
• Classic White Crew Socks: These socks look good with any outfit, peeking out from under pants or with casual shoes.
• Trusty Canvas Beaters: Canvas sneakers, like Converse Chuck Taylors, are affordable and give a fresh look. When it’s time to upgrade, try Buck Mason’s deck shoes, made with Japanese brand Moonstar.
• Do-It-All Navy Blazer: A navy blazer is versatile—it’s perfect for interviews with a tie or weddings. Look for one with a double-breasted style, strong shoulders, and peak lapels for extra style.
• White Oxford Shirt: A white Oxford shirt, like Gitman Vintage’s, gets better with each wear due to its sturdy cotton fabric.
• Yee-Haw Belt: Western-style belts are trendy right now. Don’t hesitate to wear them with jeans.
• Bigger-Is-Better Chinos: If you’re tired of slim-fit chinos, try wider or pleated styles for a comfortable yet stylish look.
• Go-With-Everything Loafers: Loafers are versatile—they can be casual or dressy. Wear them with or without socks and enjoy how they break in over time.
• Upper Body-Positive Tank: A clean white tank top is perfect for hot weather. Pair it with an open shirt for a stylish beach look.
• Sporty Ball Cap: Modern ball caps, including sleek tennis-inspired styles, are a hit. Loro Piana offers premium caps made of lightweight, waterproof fabric.
• Throwback Sweats: Sweatpants can be cozy and stylish. Look for a pair that’s comfortable enough for home and stylish enough for going out.
• Red-Hot Sneakers: Comfortable walking sneakers have become trendy. Retro dad sneakers, like Birkenstocks and Uggs, are now everywhere.
• Impenetrable Duffel: A good duffel bag should hold all your essentials and more. Look for one that’s durable enough to last for years of travel.
• Leather Jacket: A leather jacket adds toughness and style to any outfit. For a modern look, look for a cropped blouson style.
• Heartthrob Button-Up: Button-up shirts are back in style. For a fashionable look, look for ones with a ’90s heartthrob vibe.
• Statement Jewelry: Eye-catching jewelry can add personality to your outfit and is a fun way to show off your style.

Men’s Clothing Regional Statistics

(Source: zionmarketresearch.com)

• In 2020, North America led the market due to its strong purchasing power compared to other regions.
• The U.S. stands out with a robust presence of brands like Ralph Lauren, Calvin Klein, Tommy Hilfiger, and Hollister, which have a significant global influence.
• Men’s fashion in clothing, footwear, and accessories has seen rapid growth, driven by increasing participation in sports and outdoor activities among American men.
• According to the 2021 Outdoor Participation Report, nearly 49% of the U.S. population participated in outdoor activities at least once, with men accounting for 54% of these participants. This trend suggests strong growth potential for the men’s wear market in the years ahead.
• The Asia Pacific market is expected to grow at a compound annual growth rate (CAGR) of 6.6% from 2019 to 2025. This growth is fueled by the rise of both offline and online retailers in the women’s wear sector and rising disposable incomes in the region.
• Chinese and Korean manufacturers are producing affordable versions of luxury brands, driving market expansion.
• The men’s wear market in China was valued at USD 53.11 billion in 2018 and is forecasted to grow at a CAGR of over 6% during the forecast period.
• With its large population, China is a key target for apparel and footwear manufacturers, leading to a competitive market environment with many domestic players offering high-quality products at competitive prices.
• To expand their reach in China, major manufacturers are partnering with e-commerce platforms and trading companies.
• For example, in February 2019, Xu Zhi, a luxury fashion label from London, collaborated with JD.com, a leading Chinese e-commerce platform, to enter the men’s wear market.
• These strategic collaborations are expected to drive demand for men’s wear across the region in the coming years.

(Source: euromonitor.com)

• According to Euromonitor and McKinsey, the fashion industry’s global revenue ranged between $1.7 trillion and $2.5 trillion before the COVID-19 pandemic.
• In 2020, the global apparel and footwear market size took a hit. Euromonitor reported a decline of -18.1%, bringing the market down to $1.45 trillion, while McKinsey noted a 20% drop in revenues for the fiscal year 2019-2020.
• As lockdowns eased in many parts of the world, consumers started returning to stores, leading to a recovery in the fashion industry to levels seen before the pandemic.
• According to Euromonitor, the global apparel and footwear industry saw a strong rebound from 2020 to 2021, growing by 18.1% to reach a market size of $1.71 trillion (in retail value in USD) by 2021.
• Looking ahead, the global apparel retail market is expected to continue its growth trajectory. It is projected to grow by 7.5% in 2021-2022, reaching $1.84 trillion in 2022, followed by a 6.1% growth in 2022-2023, reaching $1.95 trillion in 2023.

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Men’s Clothing Revenue Statistics

(Reference: statista.com)

• The above chart shows the market value of men’s apparel in India from 2015 to 2028.

• Between 2018 and 2028, the market value of men’s apparel in India saw a substantial increase. In 2018, the market was valued at about INR 1.6 trillion, with shirts dominating the segment.
• By 2028, the market had more than doubled in size, reaching approximately INR 3.3 trillion.
• This growth reflects a significant rise in the demand and consumption of men’s clothing throughout the country over the decade.
• In the financial year 2023, the men’s apparel market in India exceeded Rs 2.2 lakh crore. From fiscal year 2015 to 2020, it had been growing at a compound annual growth rate (CAGR) of around 10%.
• However, due to the pandemic, there was a decline of 3.6% from the fiscal year 2020 to 2022.
• Despite this setback, the market has shown strong recovery and is expected to grow at a CAGR of 18% over the next four years, according to analysis by consulting firm Techn.

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Men vs. Women Shopping Statistics

• According to Men’s Clothing Statistics, men are more likely than women to buy through mobile applications. Almost 68% of men say they have made around one purchase in the last month, compared to 56% of women.
• In 2020, 22% of males buy on the internet every day or almost daily, compared with 18% of females.
• Nearly 50% of the women prepare a shopping list before they head out of the house, as compared to 36% of the males.
• Roughly 40% of the females buy from their mobile phones while visiting a brick-and-mortar store.
• 47% of women customers state that a private offer from a brand can motivate what they buy compared to 35% of men.
• Roughly 26% of the males state that they shop online at work, as compared to 155 females.
• Almost 65% of the males stated that they shop online to save time, whereas just 55% of the females gave a similar reason.
• Around 51% of the people in the United States like to buy online, whereas 49% think of buying in a physical store.
• Males are more prone than females to buy through voice-activated devices, with 22% of men and 16% of women.
• Males are inclined to pay a high cost for convenience, with almost 40% stating that they will do so compared to 33% of females.
• Women are prone to look for deals and discounts before buying anything, with 58% men and 54% females.
• Nearly 14% of females buy online each day, as compared to 8% of males.
• Mostly, 40% of males buy through their smartphones compared to almost 33% of females.
• Women are more likely to be conscious of cost than men, with almost 64% of women being more conscious at all times than 59% of men.
• Nearly 60% of males between 18 and 34 years old state that they shop more on their mobile phones than they do in stores.
• Roughly 70% of the females state shopping as a way of entertainment, vs 50% of males.

(Source: junglescout.com)

• Over the past year, economic instability and job losses have led both men and women to be more cautious with their finances.
• Today, many people, regardless of gender, are embracing money-saving techniques like using browser extensions to find deals and opting for flexible payment options.
• A large majority—67%—of both men and women prioritize finding products at the lowest prices when shopping online.
• Females lead in online shopping, constituting 72% of the shoppers online.
• Almost 78% of the females love to shop, whereas just 52$ of the males do.
• Males spend almost more than females, whereas the average man spends $196 every month vs %152 average females.
• Top of Form
• Bottom of Form

(Source: junglescout.com)

• Top of Form
• Bottom of Form
• In the above chart, we can see the growth of customer spending in the first quarter of 2021.

Shopping Frequency: At least daily

Shopping Frequency: At least weekly

(Source: freedoniagroup.com)

• In general, both men and women use various shopping methods at similar rates. However, there are some notable differences.
• For instance, 34% of women bought apparel from off-price stores, compared to 25% of men.
• On the other hand, more men (22%) than women (16%) preferred to shop directly from a brand’s website.
• Both genders showed nearly equal preference for shopping at internet-only stores, with 39% of men and 38% of women utilizing this option (these percentages are within the survey’s margin of error).

Brand Equity

• Brand equity is a measure of a company’s strength and performance, particularly in public markets.
• Essentially, it represents a brand’s value. This value is shaped by how consumers perceive the brand based on their knowledge and experiences with its products.
• Consumer perceptions can lead to either positive or negative impacts on a brand.

(Source: clootrack.com)

Top 3 Emerging Men’s Clothing Trends

Men’s shirts are an essential part of the apparel industry, and they need to evolve to stay relevant and meet changing customer demands.

Manufacturers should focus on offering shirts with high-quality fabrics and diverse designs that align with current fashion trends.

Understanding emerging trends in the men’s shirt industry is crucial. Here are three key trends shaping the market:

• Online Customization of Shirts: The future of fashion is in personalized products. Nearly half (49%) of Americans prefer customized clothing, especially custom-made shirts. Consumers want shirts that are tailored to their preferences, driving the trend towards made-to-measure garments.
• Organic and Ethical Sourcing: The source of fabric is increasingly important to consumers. Ethical fabrics, such as cotton, linen, wool, and silk, which are sustainably sourced from plants and animals, are gaining popularity. Consumers are seeking shirts made in environmentally friendly ways to reduce ecological impact.
• Stain and Dust-Resistant Materials: Consumers are demanding shirts that resist stains and dust. Manufacturers are using nanotechnology to create sustainable fabrics that repel substances like oil, coffee, tea, alcohol, ink, and ketchup. This innovation ensures shirts remain clean and durable in everyday use.

These trends provide manufacturers with insights into evolving consumer preferences, helping them adapt their offerings to effectively meet market demands.

Men’s Clothing Competitive Landscape

(Source: markwideresearch.com)

• In the pie chart above, we can see the key players in the men’s wear market.

Men’s Suits Market Statistics

• In 2020, the global market size for men’s suits was valued at USD 15,370 million. By 2031, it is projected to reach USD 23,769.13 million, showing a growth rate of 4.1% annually during the forecast period.
• Men often wear suits for formal occasions such as weddings, business meetings, and other formal events.
• A typical suit consists of a jacket and matching trousers made from the same fabric.
• The jacket is the most prominent part of a suit, usually tailored with a collar, lapels, and buttons down the front. There are different styles of jackets, including single-breasted and double-breasted, each with its own button arrangement and lapel style.
• The trousers are designed to match the jacket and are usually worn at the waist.
• They typically have a straight or slightly tapered leg and may include features like pockets, belt loops, and a zipper or button fly.

(Source: businessresearchinsights.com)

• The men’s suits market is segmented into ready-to-wear and made-to-measure categories based on type.
• Ready-to-wear suits are expected to lead the market during the forecast period.
• In terms of application, the market is divided into sales through physical stores and online platforms. Physical store sales are projected to maintain a substantial share of the men’s suits market through 2031.

(Source: businessresearchinsights.com)

Conclusion

Based on our analysis of the men’s wear market, there is a noticeable trend where consumers, especially millennials, are increasingly adopting a luxury lifestyle and choosing luxury clothing options. This includes fashion wear, party attire, and even nightwear.

Urbanization and economic growth have created a demographic with higher disposable incomes, leading to a strong interest in current fashion trends. There is a growing demand for men’s clothing tailored for specific occasions. We have shed more light on “Men’s Clothing Statistics.”

Saisuman Revankar

Saisuman is a talented content writer with a keen interest in mobile tech, new gadgets, law, and science. She writes articles for websites and newsletters, conducting thorough research for medical professionals. Fluent in five languages, her love for reading and languages led her to a writing career. With a Master’s in Business Administration focusing on Human Resources, Saisuman has worked in HR and with a French international company. In her free time, she enjoys traveling and singing classical songs. At Coolest Gadgets, Saisuman reviews gadgets and analyzes their statistics, making complex information easy for readers to understand.

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