Research Support Specialist, USA
The global men’s trousers market size is estimated to reach USD 201.9 billion by 2028, according to a new report by Million Insights. The market is expected to expand at a CAGR of 5.0% from 2021 to 2028. Rising acceptance of corporate culture across world, protection of lower body, and increasing fashion consciousness are attributing to the growth of this market. Moreover, manufacturers are adopting automatic machines to increase production and at the same time reducing the cost associated with it. The key participants are focusing on increasing their customer base by reaching them in different ways such as e-commerce platform and offering discount schemes. Additionally, rising per capita income, and purchasing power are further driving the growth of this market.
During COVID 19 pandemic and lockdown situation, governments of various countries restricted or citizens prefer to stay at home as precautionary measure. Various sport events, exhibitions, and other public events were cancelled across the world. Moreover, corporate office are opened with less number of employees while most of employees are working from home. Due to this, the market experienced short fall in the sales of apparels due to the restricted production, disturbed supply chains, and reduced demand. Considering this overall short slack in market revenue, it is expected that the sector will soon witness a healthy growth in the upcoming years after COVID restrictions.
The cloth trouser segment dominated the market and contributed to the largest revenue share of more than 40.0% in 2020 and is expected to forecast a CAGR of 4.5% from 2021 to 2028. Variety of cloths made from popular fibers such as Linen, Silk, Cotton, Canvas are used for trousers. Cloth twisted form trousers using yarns to provide strength and crease resistance. This type is relatively more economical and popular as it provides more versatile than any other garment. Thus, cloth trouser type consumed the most for making apparel in the textile industry.
The online distribution channel segment is expected to forecast to a CAGR of 6.4% from 2021 to 2028. Citizens started using online shopping portals and mobile apps for shopping and are getting popular due to the simplicity and convenience. Products are available in economic rates via online channel compared to offline. Moreover, end users choose most believed shopping portals or mobile apps to purchase.
Asia Pacific is expected to forecast to the highest CAGR of 5.9% from 2021 to 2028. China, and India are positively contributing for the growth of the market. With largest growing population and increasing disposal income, the region is witnessing huge demand for the apparel. Many multinational companies are expanding in this region due to low labor cost and easy availability of raw material, results into low manufacturing cost. Thus, the region is expected to witness the highest CAGR during forecast period.
The report “Men’s Trousers Market Size, Share & Trends Analysis Report By Type (Cloth Trousers, Jeans, Shorts), By Distribution Channel (Offline, Online), By Region, And Segment Forecasts, 2021 - 2028” is available now to Million Insights.
Million Insights has segmented the global men’s trousers market on the basis of type, distribution channel, and region:
Men’s Trousers Type Outlook (Revenue, USD Million, 2017 - 2028)
Men’s Trousers Distribution Channel Outlook (Revenue, USD Million, 2017 - 2028)
Men’s Trousers Regional Outlook (Revenue, USD Million, 2017 - 2028)