LONDON--(BUSINESS WIRE)--The men’s top wear market size is poised to grow at a CAGR of over 6% during the period 2020-2024, according to the latest market research report by Technavio. Request a free sample report
Several vendors in the men’s top wear market are entering the luxury segment by offering premium products to high-end customers. The rise in demand for branded products from middle-class customers, has helped vendors to venture into the luxury category. North America and Europe are witnessing an extensive adoption of premium shirts and t-shirts which will be one of the key drivers behind the men’s top wear market growth during the forecast period.
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As per Technavio, the rising demand for organic men's top wear will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2020-2024.
Men’s Top Wear Market: Rising Demand for Organic Men's Top Wear
Cotton cultivated and processed using synthetic dyes may cause skin allergies. Also, the chemicals used to produce clothes are toxic in nature and may remain in the fabric after several wash cycles. Thus, customers are increasingly opting for eco-friendly clothes manufactured using organic fabrics and processing materials. As a result, several vendors are introducing organic shirts and t-shirts to customers. For instance, VFC, under the brand name Timberland, offers Men’s Back River Lightweight Plaid Shirt made of organic cotton.
“Other factors such as the increasing number of private-label brands, and the customization and personalization of men’s top wear will have a significant impact on the growth of the men’s top wear market value during the forecast period,” says a senior analyst at Technavio.
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Men’s Top Wear Market: Segmentation Analysis
This market research report segments the men’s top wear market by geography (APAC, Europe, MEA, North America, and South America) and distribution channels (offline and online).
The APAC region led the market in 2019, followed by North America, Europe, South America, and MEA respectively. The growth of the men’s top wear market share in APAC can be attributed to several factors such as growing urbanization, increasing disposable income, and strategic business agreements by vendors in the region.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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