The US men’s wear market is anticipated to grow at a CAGR of 4.4% during the forecast period. The increasing focus on the personal appearance coupled with the increasing purchasing power is the major factor driving the US men’s wear market. Additionally, the increasing number of men’s stores across the country will also impact the growth of the market. In addition to this, various companies are also revamping their men’s category which will attract more consumers hence fuelling the men’s wear market.
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Furthermore, the increasing emphasis of fashion shows held in the country towards the men’s wear is also driving the US men’s wear market. For instance, in 2015, the New York Fashion week launched its first men’s wear fashion week.
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The US men’s wear market is segmented based on product type and distribution channels. Based on the product type, the market is sub-segmented into clothing, accessories, and footwear. The clothing segment is estimated to contribute a prominent share in the market. The footwear segment is estimated to grow significantly owing to its high popularity among millennials and the young population. Based on the distribution channel, the market is sub-segmented into online and offline. The offline distribution channel is estimated to contribute a significant share while the online distribution channel is estimated to exhibit considerable growth during the forecast period.
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