Home / Knowledge / News / Fashion / Menswear market outpaces womenswear in UK
Menswear market outpaces womenswear in UK
13
Jun '16
The clothing market in UK is forecast to grow by 22.5 per cent between 2015 and 2020 to reach £17.2 billion and interestingly more men are buying clothes than women. Last year, the men's clothing market grew by 4.1 per cent to reach £14.1 billion, up from £11.4 billion in 2010, according to a research by leading market intelligence agency, Mintel.

Despite menswear accounting for only one quarter of the clothing market, Mintel research revealed that it was growing at a faster pace than womenswear that lagged behind showing a growth rate of 3.7 per cent in 2015.

The research showed that preference for athleisure continued among men in 2015, when more men preferred to buy tracksuits rather than formals while stepping out. Also, 88 per cent of men bought clothes for themselves in-store or online during the period. This translated into 96 per cent males aged between 16-24 – a majority of who (94 per cent) were Londoners.

“In response to men showing a greater interest in their appearance, retailers are expanding menswear ranges, and more designers are debuting men's clothing collections. As a result, the menswear market is reaping the rewards and growing at a faster rate than womenswear,” said Tamara Sender, Senior Fashion Analyst at Mintel said.

In comparison, the market for womenswear was valued at £26.9 billion. Sales of womenswear are expected to grow by 17.4 per cent between 2015 and 2020 to reach £31.6 billion, Sender said.

However, as spend on clothing is increasingly competing with other areas, clothing retailers will also have to work harder than ever to encourage men to part with their money. Tactics such as focusing on more stylish clothes for all ages, offering a wider range of larger sizes, and combining retail with leisure to create destination shopping venues should prove successful for retailers moving forward.

Also Mintel, research showed that young men are more likely to purchase clothes in-store than young women. Almost 95 per cent of men aged 16-24 bought clothes for themselves in-store over the past year, compared to 91 per cent of women the same age.

Furthermore, Mintel research indicates that there has been a rise in the youngest male consumers purchasing online. Nearly three quarters (74 per cent) of men aged 16-24 bought clothes online in 2015, up from 70 per cent in 2014.

Of men who bought clothes in 2015, 28 per cent bought sportswear, compared to just 12 per cent who bought a suit. Among them nearly one third men aged between 35-44 years were likely to have bought sportswear over the past year. Another interesting feature about young men shoppers was that a good 54 per cent of them in the age group16-24 years looked for product quality as against those who looked for low prices.


Must ReadView All

Textiles | On 25th Sep 2017

SVP Group to build $300 mn spinning plant in Sohar

ShriVallabh Pittie Industries (SVP) Group, a diversified yarn...

Apparel/Garments | On 25th Sep 2017

Vietnam textile sector to gain if EU FTA gets ratified

Experts feel the Vietnam-European Union (EU) free trade agreement...

Courtesy: Business Wire

Textiles | On 25th Sep 2017

Invista to use ADN technology at joint project in France

Invista, a leading producer of chemical intermediates, polymers, and...

Interviews View All

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search