Men’s wear market comprise companies engaged in manufacturing men’s cut and sew apparel from purchased fabric.
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The global men’s wear market was valued at $39 billion in 2017, and is expected to be driven by factors such as an increase in disposable income. Asia Pacific was the largest geographic region in the market, accounting for two-fifth of the global market share.
The men’s wear market was divided into five segments: suits and formal wear; office wear; casual wear; sportswear and other men’s wear.
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China was the largest country in the market, accounting for nearly one-fifth of the global men’s wear market share, due to the large population in the country. China was followed India and Japan as the next largest countries in the market.
The top five competitors in the market are Gap, H&M, Inditex (Zara), Kering and LVMH. Gap Inc. is the largest specialty retailer in the United States, and is 3rd in total international locations, behind Inditex Group and H&M. As of September 2008, the company has approximately 135,000 employees and operates 3,727 stores worldwide, of which 2,406 are located in the U.S.
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