UK Menswear Market Research Report Information by Product Type (Suits, Blazers, T-Shirts, Shirts, Tops, Pants, Trousers and Others), Price Range (Economy and Premium), by Season (Summer, Winter and All-Season), by Distribution Channel (Supermarkets & Hypermarkets, Specialty Stores, Online, and Others) Industry Forecast to 2032
The UK Menswear market is expected to experience substantial growth during the review period, with a compound annual growth rate (CAGR) of 4.3%. The market is anticipated to attain a value of USD 28807.2 million by the conclusion of the forecast period (2023-2032), with an estimated value of USD 18201.2 million in 2022.
Growth in the UK menswear market is attributed to a variety of factors. The interest in men's fashion and hygiene has increased as a result of the changing societal norms. Furthermore, the proliferation of online platforms and social media influencers has increased the visibility and accessibility of fashion trends among males. Additionally, the increasing emphasis on self-expression and personal style has been a driving force behind the demand for a wide range of apparel options. Additionally, market expansion is stimulated by innovations in sustainable and inclusive fashion practices, which appeal to environmentally conscious consumers.
Additionally, the UK menswear market is being transformed by the integration of technology, which is improving the purchasing experience and simplifying operations. Convenient purchasing options are provided by online platforms and mobile applications, which enable customers to browse and purchase products from any location. Before making a purchase, consumers can visualize the fit of the clothing, which reduces the number of returns and increases contentment. This is made possible by virtual try-on technologies. Retailers are able to optimize inventory management and comprehend consumer preferences through the use of data analytics and artificial intelligence. Additionally, technological advancements are enabling sustainable practices, including the use of eco-friendly materials and digital fabrication, to satisfy the increasing demand for ethically produced menswear.
Market SegmentationThe United Kingdom Menswear Market has been segmented into a variety of product categories, including suits, blazers, t-shirts, shirts, tops, slacks, and trousers.
According to the season, the UK Menswear Market has been divided into three categories: all-season, winter, and summer.
The UK Menswear Market has been divided into economy and premium categories based on price.
Supermarkets & hypermarkets, specialty stores, online, and Others are the four categories into which the UK Menswear Market has been divided based on the distribution channel.
Major PlayersMoss Bros. Group PLC, Skopes, Slater Menswear, House of Cavani, Marc Darcy, Reiss, Charles Tyrwhitt, H&M, Ted Baker, and ASOS are the primary participants in the UK Menswear Market.