The UK Menswear Market Is On the Rise, Informs GlobalData in Its New Topical Study Recently Added at MarketPublishers.com01 Feb 2017 • by Natalie Aster
LONDON – The menswear market is likely to be the strongest performer amid all clothing sectors in the UK, with estimated increase of almost 20% in the next 5 years. The key driver of this growth is the increasing men consciousness of their appearance and fashion trends. Unfortunately, the menswear market is not without its problems: the market growth could be hampered by the weakening pound, increasing prices and enhancing pressure on retailer margins.
At present, the UK menswear market is viewed as an increasingly competitive one. More and more retailers are entering this domestic market and are expanding their product ranges. Value players, which previously gave preference to womenswear, now are especially keen to make investments in the development of menswear given the increasing men’s interest in trend-led products.
Besides, the uprising athleisure trend also gives a boost to the menswear sales in the UK. Enhancing interest of local men in health and fitness spurs the demand for athleisure clothing in the country.
New topical research study “The UK Menswear Market 2016-21” prepared by GlobalData gives profound insights into the UK menswear market landscape, uncovers trustworthy updated statistics on the market performance as well as highlights the major factors influencing the market development. The report gives access to important qualitative and quantitative information, explores the current business environment in the country and also touches upon the key regulations and development trends. Additionally, the report discusses the emerging opportunities, identifies lucrative growth sectors and suggests effective strategies for success in the UK menswear market. Future forecasts through 2021 are provided in this publication.
For a full list of topical research studies prepared by this publisher, visit the GlobalData page at MarketPublishers.com.