UK Menswear Market is predicted to reach USD 28807.2 million at a CAGR of 4.3% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “UK Menswear Market”.

Market Synopsis

According to the MRFR analysis, the UK Menswear market was valued at USD 18892.8 million in 2023 and is projected to reach USD 28807.2 million by 2032 at a CAGR of 4.3%.

The key factors driving the growth of the Menswear market includes the raising fashion consciousness among male consumer, rise of E-commerce, and raising trend of athleisure wear.

COVID-19 Impact on the Menswear Market

The men's wear market in the United Kingdom has been profoundly affected by the COVID-19 pandemic, which has also altered consumer behavior, disrupted supply chains, and reshaped industry dynamics. The pervasive closure of retail establishments and disruptions to manufacturing and distribution networks because of lockdown measures and restrictions on non-essential businesses were among the most immediate consequences of the pandemic. As a result, numerous men's wear brands and retailers experienced a precipitous decline in sales and revenue. This can be attributed to consumers reallocating their spending habits towards necessities and online transactions. In the UK men's wear market, consumer preferences and behavior were likewise impacted by the transition to remote work and social distancing protocols. As the number of social gatherings and events diminished, there was a corresponding rise in the demand for casual and comfortable clothing, including athleisure and loungewear, as opposed to formal and business attire. Moreover, because of the proliferation of remote work and virtual meetings, numerous males have come to value adaptability and comfort when selecting attire for their professional and personal endeavors. Therefore, they favor casual and hybrid designs that effortlessly transition from work to leisure. Additionally, the exponential growth of e-commerce and digital purchasing platforms amid the pandemic exerted an enduring influence on the men's wear market in the United Kingdom. Considering temporary closures or capacity constraints at physical retail locations, an expanding number of consumers have resorted to online purchasing platforms to satisfy their apparel requirements. Numerous men's wear brands and retailers were compelled to invest in their online presence, e-commerce capabilities, and digital marketing strategies to remain competitive in a market environment that was undergoing rapid change due to the transition towards digital channels.

Competitive Landscape

The UK Menswear market is driven and consists of several organized and unorganized industry players. The main companies in the UK Menswear market are known for its agility, innovation, and brand relevance for participants aiming to flourish in the fiercely competitive menswear market in the United Kingdom. The key players operating in the UK Menswear market comprise Moss (UK), Skopes (UK), Slater Menswear (UK), House Of Cavani (UK), Marc Darcy (UK), Reiss (UK), Charles Tyrwhitt (UK), H&M (Sweden), Ted Baker (UK), ASOS (UK), among others.

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Segmentation

By Product Type

1. Suits: Within the domain of menswear in the United Kingdom, the term "suits" carries substantial significance and pertinence. A suit is a well-coordinated ensemble composed of a blazer and pants constructed from the same material, often complemented by a waistcoat that complements the ensemble. It is the pinnacle of formal dress, firmly rooted in the cultural heritage and sartorial customs of the United Kingdom. Suit demand is influenced by a multitude of factors, including societal norms, formal occasions, and corporate culture. Despite this, the suit's enduring popularity can be largely attributed to its transformation from a rigorous uniform to a versatile garment appropriate for a variety of occasions.


2. Blazers: Within the realm of the menswear market in the United Kingdom, "blazers" occupy a position of prominence as multifunctional and emblematic articles of clothing that effortlessly transition from formal to informal settings. Blazers are tailored, single-breasted jackets adorned with contrasting buttons that emanate an air of sophistication intertwined with a laid-back aesthetic. Blazers, which originated as naval uniforms, have undergone a transformation into indispensable garments for the contemporary wardrobe. They continue to exemplify sophistication and elegance, while also providing a certain level of adaptability that renders them suitable for a multitude of occasions and settings.


3. T-Shirts: Amidst the ever-evolving menswear market in the United Kingdom, "T-shirts" continue to dominate as indispensable garments that seamlessly combine comfort, style, and adaptability. The classic T-shirt, which is distinguished by its round neck and short sleeves, is an essential article of clothing for men that transcends seasons and events, constituting a ubiquitous component of their wardrobes around the globe. Although it originated as a simple undergarment, the T-shirt has since transformed into an emblematic representation of informal sophistication and individuality, propelling its extensive appeal and making diverse contributions to the expansion of the menswear market in the United Kingdom.


4. Shirts: Within the dynamic fabric of the menswear industry in the United Kingdom, "shirts" serve as cornerstones of sophistication, adaptability, and fashion. An instance of classic sophistication, a shirt is distinguished by its button-up front, collar, and long sleeves; it also provides an avenue for individuality via a variety of fabric combinations, patterns, and embellishments. Shirts, spanning from formal chambray button-downs to sophisticated white dress shirts, accommodate a wide array of occasions and aesthetic inclinations, thereby becoming essential components of the wardrobes of males. The expansion of the menswear market in the United Kingdom is closely linked to the lasting appeal and changing characteristics of shirts, which are influenced by a number of critical elements that affect consumer preferences and behavior.


5. Tops: Within the menswear market of the United Kingdom, the term "tops" refers to an extensive assortment of outerwear that covers the upper body, such as sweatshirts, sweaters, T-shirts, polo shirts, and more. Tops are indispensable garments that function as fundamental components, allowing males to showcase their individuality while accommodating the varied requirements of different environments and occasions. The expansion of the menswear market in the United Kingdom is inextricably linked to the development and prominence of tops.


6. Pants and Trousers: Within the menswear market of the United Kingdom, "pants" and "trousers" are fundamental articles of clothing that are indispensable for assembling adaptable and fashionable ensembles. Although the terms are frequently applied interchangeably, subtle distinctions exist between them. The term "pants" is a broader designation that incorporates a multitude of garments worn on the lower body, such as shorts, jeans, trousers, and chinos. Conversely, the term "trousers" pertains precisely to tailored pants that extend from the midsection to the ankles and are customarily paired with formal or semi-formal attire. Pants and trousers are essential components of male ensembles, accommodating various fashion inclinations, events, and ways of life. Their widespread appeal substantially fuels the expansion of the menswear market in the United Kingdom.


7. Others: Within the vast domain of the menswear market in the United Kingdom, the term "others" refers to a heterogeneous assortment of apparel, accessories, and components that collectively shape the fabric of men's fashion. Although "others" are not as precisely defined as specific categories such as shirts or trousers, they comprise a wide range of products that are crucial to the expansion of the market. Each of these items fulfills a distinct function in influencing trends, satisfying consumer demands, and stimulating demand.

By Consumer Group

1. Summer: Summer men's wear comprises apparel and accessories that are purpose-made for males to don throughout the milder seasons, which generally span from late spring to early autumn. This classification includes an extensive assortment of garments that have been specifically designed to offer comfort, style, and functionality during periods of high temperature. The importance of summer men's wear in the menswear market of the United Kingdom cannot be exaggerated, as it caters to the changing seasons and consumer preferences, thus stimulating market expansion.


2. Winter: Winter men's wear comprises apparel and accessories that are expressly engineered for males and intended for use throughout the colder seasons, which generally span from late autumn to early spring. This classification comprises an extensive assortment of specialized garments designed to offer warmth, weather protection, and aesthetic appeal during periods of low temperature and rain. Winter menswear is an essential component of the menswear market in the United Kingdom, as it serves to stimulate expansion, cater to demands that are specific to the season, and mirror the changing tastes of consumers.


3. All-season: Men's all-season apparel consists of accessories and garments that are versatile and appropriate for donning year-round, irrespective of the passage of the seasons. This classification comprises articles of clothing constructed from materials that offer style, comfort, and resilience in various climatic circumstances; thus, they are indispensable components of contemporary consumers' wardrobes. There are multiple ways in which the concept of all-season men's wear is contributing to the expansion of the menswear market in the United Kingdom.

By Price Range

1. Economy: The term "economic price" pertains to the pricing approach implemented by merchants and brands within the menswear market in the United Kingdom, whereby products are offered at a price point that corresponds to consumers' estimations of worth. The objective of this pricing strategy is to achieve a harmonious equilibrium between customer affordability and business profitability. Fundamentally, it entails establishing pricing strategies that are both attractive to consumers and capable of enabling the organization to recoup its operational, distribution, and production expenses while maintaining a satisfactory profit margin.


2. Premium: The term "premium price" pertains to a pricing strategy within the menswear market of the United Kingdom, whereby products are positioned and sold at elevated price levels in comparison to mass-market or average alternatives. By capitalizing on elements including brand prestige, product excellence, limited availability, and perceived worth, this approach rationalizes the elevated cost. High-end and luxury menswear brands, which cater to opulent clientele who are prepared to pay a premium for exceptional craftsmanship, design, and prestige, frequently employ premium pricing.

By Distribution Channel

1. 
   

   Supermarkets & Hypermarkets: The term "supermarkets and hypermarkets" in the United Kingdom menswear market pertains to expansive retail establishments that carry an extensive assortment of merchandise, such as men's apparel, in addition to provisions and other daily necessities. These retail establishments generally have a wide-ranging assortment of menswear brands and styles, spanning from informal to formal wear, due to their generous floor area. The ability of hypermarkets and supermarkets to attract a wide range of customers, as well as their convenience and accessibility, have propelled them to prominence in the menswear industry.

   
   


2. 
   

   Specialty Stores: Within the menswear market of the United Kingdom, the term "specialty stores" pertains to retail establishments that are dedicated to the exclusive sale of men's apparel and accessories. Usually specializing in a curated assortment of menswear items, spanning from informal to formal wear, these retailers target styles, demographics, or niche markets within the menswear sector. In contrast to mass-market retailers and department stores, specialty stores offer male customers a purchasing experience that is specifically designed to cater to their individual preferences and requirements.

   
   


3. 
   

   Online: Within the realm of the menswear market in the United Kingdom, the phrase "online" pertains to the digital retail platforms and channels that enable consumers to peruse, acquire, and interact with brands and products of menswear via the internet. The digital realm comprises an extensive array of platforms, such as e-commerce sites, mobile applications, social media networks, and online marketplaces. These digital channels enable retailers and brands to exhibit their products and services to a worldwide clientele of male consumers.

   
   


4. 
   

   Others : When referring to the menswear market in the United Kingdom, "other forms of distribution channels" encompass alternative platforms and methods that extend beyond conventional retail outlets in order to provide consumers with access to menswear products. These channels of distribution comprise an extensive array of tactics and strategies that serve to supplement or alternate with physical retail locations and e-commerce platforms. They provide distinctive prospects to connect with and captivate male consumers in novel fashions. The expansion of the menswear market in the United Kingdom can be attributed, in part, to pop-up shops and transient retail activations serving as a distribution channel. Temporary retail spaces that appear for a restricted duration, frequently in high-traffic areas like shopping centers, event venues, or urban neighborhoods, are known as pop-up stores. Furthermore, effective distribution channels for menswear products in the UK market are growing to include collaborations and partnerships with non-traditional retailers and lifestyle brands. Menswear brands are forming partnerships with complementary brands from sectors including hospitality, technology, and entertainment to penetrate niche markets and reach new audiences.