The Asia-Pacific men’s wear market is anticipated to grow at a CAGR of 6.5% during the forecast period. The increasing urbanization in countries such as India, Vietnam, and China coupled with the good economic growth of the region is the major factor driving the growth of the men’s wear market across the region. Additionally, the increasing footwear market shares of countries such as Japan, China, and India owing to the increasing focus of the region’s millennials population towards the fashionable footwear is also expected to impact the growth of the Asia-Pacific footwear market. Moreover, sports apparel penetration is also increasing significantly across the region owing to the increasing disposable incomes, which in turn, is expected to fuel the growth of the Asia-Pacific men’s wear market. 

The Asia-Pacific 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.

Some of the key players of the Asia-Pacific men’s wear market include FILA Luxembourg S.a.r.l., Peter England (Aditya Birla Fashion & Retail Ltd.), Raymond Ltd., and others. The market players are considerably contributing to market growth by adopting various strategies to stay competitive in the market. For instance, in October 2019, Raymond Ltd. announced its plan to have a retail network of around 2,000 stores across all its brands in the domestic market by 2021, owing to the expansion of fabric and fashion retailers in smaller towns. The company, which opened its 1,000th Raymond branded store in Surat in October 2019, has plans to add another 500 stores by 2021, taking the total count to 1,500 branded stores across India.

Research Methodology

The market study of the Asia-Pacific men’s wear market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for men’s wear suppliers and manufacturers, retail companies, raw material suppliers, distributors, third-party suppliers, and other market participants for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, products offered by the companies, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.

Market Segmentation

1. Asia-Pacific Men’s wear Market Research and Analysis by Product Type
2. Asia-Pacific Men’s wear Market Research and Analysis by Distribution Channel

The Report Covers

• Comprehensive research methodology of the Asia-Pacific men’s wear market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Asia-Pacific men’s wear market.
• Insights about market determinants which are stimulating the Asia-Pacific men’s wear market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.