Men’s Suits Market Is On the Rise in Developing Countries, According to Report by Stanley Consulting Corporation Available at MarketPublishers.com
27 Feb 2017 • by Natalie Aster
LONDON – The worldwide market for men’s suits is predicted to follow an upward trend in the next 5 years, registering a CAGR of 5.1%.
Men’s suits industry of the US, Europe, China and Japan together captures a share of over 52% of the world’s consumption.
While, the market for men’s suits tends to be saturated in economically developed countries, the market in developing countries like India, China and Brazil is on the rise. The global demand for men’s suits in emerging economies is anticipated to grow unceasingly.
For instance, presently the average output growth rate of the Chinese men’s suits industry stands at 5.6%. Furthermore, it is likely to increase up to 6.2% between 2017 and 2020.
The in-demand research study “Global Mens Suits Industry In-Depth Investigation and Analysis Report 2016” worked out by Stanley Consulting Corporation explores the performance of the world’s men’s suits market with a particular focus on North America, Europe, Southeast Asia, India, China and Japan. This publication contains trustworthy statistics, investigates the current scenario, touches upon top trends and opportunities, highlights the key challenges, covers the market dynamics and delves deep into the market segments. It gives access to trustworthy info on production, consumption, demand, foreign trade, etc. The report discloses historical and present figures as well as presents a future outlook for the global men’s suits market with forecasts through 2020.
Many other research studies by this publisher can be found in the Stanley Consulting Corporation catalogue.