Market Overview:
The global mens suits market is segmented on the basis of type, application and region. The type segment is further divided into ready to wear, made to measure and bespoke. The ready to wear segment occupies the largest market share in terms of value and volume. However, the made to measure segment is expected to grow at a higher CAGR during the forecast period owing to increasing demand for customized clothing among men. The application segment is divided into physical store sales and online sales. Physical store sales have the largest number of applications followed by online sales. However, online sales are expected to grow at a higher CAGR during the forecast period due in part to rising penetration of internet users globally coupled with increasing preference for buying clothes online among men across regions.
Product Definition:
A suit is a set of garments consisting of a jacket and trousers. A man's suit is typically composed of two or three pieces, with the addition of a waistcoat (or vest) being common in North America.
Ready to Wear:
The global ready to wear (R2W) mens suits market size was valued at USD 2.5 billion in 2015 and is expected to witness significant growth over the forecast period owing to its low investment nature, easy product availability, and fast-moving consumer goods (FMCG) culture among men.
Made to Measure:
The global made to measure and it's usage in the mens suit market size was valued at USD 6.5 billion in 2016. The growing fashion industry, rising disposable income among consumers, and rapid urbanization are expected to drive the market over the forecast period.
Rising demand for custom-made clothing is also anticipated to boost growth over the coming years as it saves both time and money.
Application Insights:
The physical store sales segment dominated the global market in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to increasing urbanization and rising disposable income levels in developing countries such as India, China, Bangladesh & Pakistan. Furthermore, this trend has been further propelled by a surge in demand for smart casual clothing among working professionals across all age groups of men worldwide. The ready-to-wear segment is also expected to witness significant growth during the same period owing to its wide distribution channels including departmental stores, specialty stores and online retailing sites which offer free home delivery service across major cities of different countries worldwide.
Regional Analysis:
Europe dominated the global market in 2017. The presence of a large number of fashion retail stores and strong brand awareness among consumers are some factors driving the regional market. Europe is also one of the largest export markets for premium clothing, thus having a positive impact on global sales. Asia Pacific is expected to be one of the fastest-growing regions over the forecast period owing to increasing consumer disposable income levels and improving standard of living especially in developing countries such as China, India, Bangladesh & Pakistan etc.
The North America region also held significant share in terms of revenue and volume sold during 2017 due to high consumer spending capacity coupled with preference towards quality products made from natural fibers Such trends are projected to continue over next few years thus maintaining dominance within this region.
Growth Factors:
- Increasing disposable income of men: There is a steady increase in the disposable income of men, especially in developed countries. This has led to an increase in the demand for luxury products such as mens suits.
- Changing fashion trends: The fashion industry is constantly evolving, with new styles and trends emerging every season. Mens suits are no exception, and manufacturers are always coming up with new designs to appeal to consumers.
- Growing popularity of formal events: Formal events such as weddings, business meetings, and award ceremonies are becoming increasingly popular, which has resulted in an increased demand for mens suits.
- Rising awareness about personal grooming: Men are becoming more aware of the importance of personal grooming and taking care of their appearance. This has led to an increase in the demand for high-quality mens suits that can help them look their best."
Scope Of The Report
Report Attributes
Report Details
Report Title
Mens Suits Market Research Report
By Type
Ready to Wear, Made to Measure, Ready to Wear occupy the largest market share segment and Made to Measure the fastest growing
By Application
Physical Store Sales, Online Sales, Physical Store Sales have the largest number of applications and Online Sales have the fastest growth
By Companies
LVMH, Kering, Ermenegildo Zegna, Hugo Boss, Tom Ford, Canali, Dolce & Gabbana, Prada, Boglioli, Armani, Corneliani, Paul Smith, Burberry, Kiton, Hickey Freeman, Versace, Valentino, Etro
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Mens Suits Market Report Segments:
The global Mens Suits market is segmented on the basis of:
Types
Ready to Wear, Made to Measure, Ready to Wear occupy the largest market share segment and Made to Measure the fastest growing
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Physical Store Sales, Online Sales, Physical Store Sales have the largest number of applications and Online Sales have the fastest growth
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- LVMH
- Kering
- Ermenegildo Zegna
- Hugo Boss
- Tom Ford
- Canali
- Dolce & Gabbana
- Prada
- Boglioli
- Armani
- Corneliani
- Paul Smith
- Burberry
- Kiton
- Hickey Freeman
- Versace
- Valentino
- Etro
Highlights of The Mens Suits Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Ready to Wear
- Made to Measure
- Ready to Wear occupy the largest market share segment and Made to Measure the fastest growing
- By Application:
- Physical Store Sales
- Online Sales
- Physical Store Sales have the largest number of applications and Online Sales have the fastest growth
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Mens Suits Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Mens suits are a type of clothing that is typically worn by men. Mens suits can be made from a variety of materials, including cotton, wool, and silk. They are often tailored to fit the body well and provide an elegant look.
Some of the major players in the mens suits market are LVMH, Kering, Ermenegildo Zegna, Hugo Boss, Tom Ford, Canali, Dolce & Gabbana, Prada, Boglioli, Armani, Corneliani, Paul Smith, Burberry, Kiton, Hickey Freeman, Versace, Valentino, Etro.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Mens Suits Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Mens Suits Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Mens Suits Market - Supply Chain
4.5. Global Mens Suits Market Forecast
4.5.1. Mens Suits Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Mens Suits Market Size (000 Units) and Y-o-Y Growth
4.5.3. Mens Suits Market Absolute $ Opportunity
5. Global Mens Suits Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Mens Suits Market Size and Volume Forecast by Type
5.3.1. Ready to Wear
5.3.2. Made to Measure
5.3.3. Ready to Wear occupy the largest market share segment and Made to Measure the fastest growing
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Mens Suits Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Mens Suits Market Size and Volume Forecast by Application
6.3.1. Physical Store Sales
6.3.2. Online Sales
6.3.3. Physical Store Sales have the largest number of applications and Online Sales have the fastest growth
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Mens Suits Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Mens Suits Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Mens Suits Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Mens Suits Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Mens Suits Demand Share Forecast, 2019-2026
9. North America Mens Suits Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Mens Suits Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Mens Suits Market Size and Volume Forecast by Application
9.4.1. Physical Store Sales
9.4.2. Online Sales
9.4.3. Physical Store Sales have the largest number of applications and Online Sales have the fastest growth
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Mens Suits Market Size and Volume Forecast by Type
9.7.1. Ready to Wear
9.7.2. Made to Measure
9.7.3. Ready to Wear occupy the largest market share segment and Made to Measure the fastest growing
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Mens Suits Demand Share Forecast, 2019-2026
10. Latin America Mens Suits Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Mens Suits Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Mens Suits Market Size and Volume Forecast by Application
10.4.1. Physical Store Sales
10.4.2. Online Sales
10.4.3. Physical Store Sales have the largest number of applications and Online Sales have the fastest growth
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Mens Suits Market Size and Volume Forecast by Type
10.7.1. Ready to Wear
10.7.2. Made to Measure
10.7.3. Ready to Wear occupy the largest market share segment and Made to Measure the fastest growing
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Mens Suits Demand Share Forecast, 2019-2026
11. Europe Mens Suits Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Mens Suits Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Mens Suits Market Size and Volume Forecast by Application
11.4.1. Physical Store Sales
11.4.2. Online Sales
11.4.3. Physical Store Sales have the largest number of applications and Online Sales have the fastest growth
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Mens Suits Market Size and Volume Forecast by Type
11.7.1. Ready to Wear
11.7.2. Made to Measure
11.7.3. Ready to Wear occupy the largest market share sgment and Made to Measure the fastest growing
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Mens Suits Demand Share, 2019-2026
12. Asia Pacific Mens Suits Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Mens Suits Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Mens Suits Market Size and Volume Forecast by Application
12.4.1. Physical Store Sales
12.4.2. Online Sales
12.4.3. Physical Store Sales have the largest number of applications and Online Sales have the fastest growth
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Mens Suits Market Size and Volume Forecast by Type
12.7.1. Ready to Wear
12.7.2. Made to Measure
12.7.3. Ready to Wear occupy the largest market share segment and Made to Measure the fastest growing
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Mens Suits Demand Share, 2019-2026
13. Middle East & Africa Mens Suits Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Mens Suits Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Mens Suits Market Size and Volume Forecast by Application
13.4.1. Physical Store Sales
13.4.2. Online Sales
13.4.3. Physical Store Sales have the largest number of applications and Online Sales have the fastest growth
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Mens Suits Market Size and Volume Forecast by Type
13.7.1. Ready to Wear
13.7.2. Made to Measure
13.7.3. Ready to Wear occupy the largest market share segment and Made to Measure the fastest growing
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Mens Suits Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Mens Suits Market: Market Share Analysis
14.2. Mens Suits Distributors and Customers
14.3. Mens Suits Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. LVMH
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Kering
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Ermenegildo Zegna
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Hugo Boss
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Tom Ford
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Canali
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Dolce & Gabbana
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Prada
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Boglioli
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Armani
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Corneliani
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Paul Smith
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Burberry
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Kiton
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Hickey Freeman
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Versace
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Valentino
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Etro
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
