LONDON--(BUSINESS WIRE)--The non-store and online menswear market size is poised to grow at a CAGR of close to 15% during the period 2020-2024, according to the latest market research report by Technavio. Request a free sample report
The rise in Internet penetration and the increase in awareness among consumers about online shopping have led vendors across the world to make their products available online. Vendors rely on various third-party platforms and proprietary websites through e-commerce platforms such as Amazon and Walmart. Consumers can choose from a wide range of brands and purchase apparel, shoes, and other menswear products without visiting brick-and-mortar stores. Online retail stores increase the visibility of menswear products offered by vendors and provide descriptions and reviews about the products. These stores eliminate the need for high investment in physical stores for the sale of different categories of menswear.
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40809
As per Technavio, decreasing brand loyalty 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.
Non-Store and Online Menswear Market: Decreasing Brand Loyalty
The rise in online retailing globally has led several vendors to offer a wide range of menswear products, such as apparel, shoes, belts, and other accessories. Moreover, the advent of online retailing is encouraging brand-conscious people to explore products of different brands, designers, or even private labels on online platforms. Having a multiplicity of options, consumers are shifting their preferences to new good-quality products from various brands that offer value for money, rather than restricting themselves to one brand. Thus, decreasing brand loyalty will have a positive impact on the growth of the non-store and online menswear market during the forecast period.
“Increasing customization and emphasis on inorganic growth will have a significant impact on the growth of the non-store and online menswear market value during the forecast period,” says a senior analyst at Technavio.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Technavio's SUBSCRIPTION platform
Non-Store and Online Menswear Market: Segmentation Analysis
This market research report segments the non-store and online menswear market by product (apparel, and accessories, and others) and geographical regions (North America, APAC, Europe, South America, and MEA).
The APAC region led the market in 2018, followed by North America, Europe, South America, and MEA, respectively. During the forecast period, the APAC region is expected to maintain its lead and register the highest incremental growth due to factors such as improvements in internet penetration and infrastructure and an increase in digital spend in the region.
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.
Request a free sample report
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
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at firstname.lastname@example.org.