European Men’s Wear Market Size, Competitive Analysis, Share, Forecast- 2020-2026


Posted September 17, 2020 by preetipandey

The growing import-export of apparel & textile which indicated the high demand for fashionable clothing is expected to be the major driving factor of the European men’s wear market. According to the World Trade Organization

 
The European men’s wear market is anticipated to grow at a CAGR of 4.5% during the forecast period. The growing import-export of apparel & textile which indicated the high demand for fashionable clothing is expected to be the major driving factor of the European men’s wear market. According to the World Trade Organization (WTO), in 2018, the EU’s import of apparel and textiles was largest all across the globe. The import accounts for 23.1% of the global apparel and textile import value in 2018. Additionally, the export demand of apparel from European countries to other countries across the globe such as China, Bangladesh, and Turkey is also significantly high, which is also expected to drive the growth of the market.
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The European 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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Some of the key players of the European men’s wear market include Adidas AG, Burberry Group Plc, Prada S.p.A, Giorgio Armani S.p.A., Hermès International S.A., Louis Vuitton Malletier, FENDI S.r.l., and others. The market players are considerably contributing to market growth by adopting various strategies to stay competitive in the market.

Market Segmentation
European Men’s Wear Market by Product Type
• Clothing
• Accessories
• Footwear
European Men’s Wear Market by Distribution Channel
• Online
• Offline
Regional Analysis
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Company Profiles
• Adidas AG
• Burberry Group Plc.
• CANALI S.p.A.
• FENDI S.r.l.
• Gianni Versace S.r.l.
• Giorgio Armani S.p.A.
• Guccio Gucci S.p.A.
• Harmont & Blaine S.p.A.
• Hermès International S.A.
• HUGO BOSS AG
• Louis Vuitton Malletier
• Prada S.p.A.
• Tommy Hilfiger Licensing B.V.
• Tom Tailor
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Issued By preeti
Country India
Categories Business
Tags european mens wear market
Last Updated September 17, 2020