Report Description

Forecast Period

2025-2029

Market Size (2023)

USD 77.68 Billion

CAGR (2024-2029)

4.01%

Fastest Growing Segment

Online

Largest Market

Asia Pacific

Market Size (2029)

USD 98.02 Billion

 

Market Overview

Global Shirt Market was valued at USD 77.68 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 4.01% through 2029. The global shirt market is a dynamic and evolving sector within the broader apparel industry. Shirts, a fundamental component of clothing for people of all ages and demographics, have experienced significant changes in terms of fashion trends, production methods, and consumer preferences. This analysis explores the key aspects and trends that characterize the global shirt market.

The global shirt market encompasses a vast array of styles, materials, and price points, making it a diverse and competitive arena. Shirts can be formal, casual, or sportswear, and they cater to various occasions and lifestyles. The market includes various types such as dress shirts, t-shirts, polo shirts, and many more, each appealing to distinct consumer segments. The shirt market is heavily influenced by changing fashion trends. As consumers seek to stay updated with the latest styles and designs, shirt manufacturers and brands continually innovate to meet these evolving demands. The adoption of sustainable and eco-friendly materials is also a growing trend within this market.

The rise of e-commerce has revolutionized the way shirts are bought and sold. Online retail platforms have made it more convenient for consumers to browse and purchase shirts, often offering a broader range of options than traditional brick-and-mortar stores. Many consumers are increasingly interested in customized or personalized shirts, reflecting their individual style. This has led to the growth of businesses offering made-to-measure or customizable shirt options. Consumers are becoming more brand-conscious, seeking out well-known and reputable shirt brands that align with their values and preferences, such as sustainability or social responsibility. The ease of international shipping and the availability of shirts from around the world have expanded consumer choices. This globalization of the market allows consumers to access unique designs and styles they might not find locally. As environmental concerns become more prominent, the demand for eco-friendly and sustainable shirts has increased.

Consumers are looking for shirts made from organic materials and manufactured with environmentally responsible practices. The market for sports and athletic shirts has expanded significantly, driven by the growing popularity of fitness and active lifestyles. Performance materials and technologies are being incorporated into these shirts to enhance comfort and functionality. The global shirt market is highly competitive, with a multitude of manufacturers, brands, and retailers vying for consumer attention. Prominent players in the market include well-established brands like Nike, Adidas, H&M, Zara, Uniqlo, and many others. Additionally, small and independent clothing labels often target niche markets with unique designs and materials.

Key Market Drivers

Evolving Fashion Trends

Fashion trends are a significant driver of the global shirt market. Shirts, being a staple in both casual and formal wardrobes, are subject to changes in style, fabric, and design preferences. Seasonal trends, influenced by fashion shows, celebrity endorsements, and social media influencers, play a crucial role in shaping consumer demand. For instance, the rise of casual and athleisure wear has led to increased popularity of more relaxed, comfortable shirt styles. Conversely, a renewed interest in classic and vintage styles has bolstered demand for tailored and formal shirts.

Increasing Disposable Incomes

The rise in disposable incomes, particularly in emerging economies, has significantly impacted the global shirt market. As consumers have more spending power, their ability to purchase higher-quality and designer shirts increases. This shift is evident in regions like Asia-Pacific, where rapid economic growth has resulted in a burgeoning middle class with a growing appetite for fashion. Higher disposable incomes also mean that consumers can buy a wider variety of shirts, leading to greater market diversity.

Technological Advancements in Manufacturing

Technological innovations in the textile and apparel industry have streamlined production processes, improved product quality, and enabled mass customization. Automation and advanced machinery have increased manufacturing efficiency, reducing costs and allowing for faster turnaround times. Innovations such as 3D printing and digital textile printing offer new possibilities for intricate designs and personalized shirts, meeting the growing consumer demand for unique and custom products. Moreover, advancements in fabric technology, such as moisture-wicking and wrinkle-resistant materials, enhance the functionality and appeal of shirts.


 


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Key Market Challenges

Ethical Concerns

One of the most significant challenges facing the global shirt market is the increasing demand for sustainability and ethical production practices. Consumers today are more conscious of the environmental and social impacts of their purchases, and this extends to clothing, including shirts.

Environmental Concerns: The fashion industry, including the shirt market, is notorious for its environmental footprint. The production of cotton, a primary fabric used in shirts, can be water-intensive and involve the use of pesticides and chemicals. Moreover, the textile dyeing and finishing processes can lead to pollution of waterways and soil. Consumers are increasingly seeking eco-friendly alternatives, and brands that fail to address these concerns risk alienating a significant portion of their customer base.

Ethical Production: Alongside environmental concerns, consumers are also concerned about the ethical treatment of workers in the garment industry. Issues related to sweatshops, poor working conditions, and low wages have garnered attention and created demand for ethically produced shirts. Brands that fail to ensure transparency and fair labor practices in their supply chains may face backlash.

Addressing these sustainability and ethical concerns in the global shirt market requires significant changes in manufacturing processes, supply chain transparency, and a shift towards more sustainable materials and practices. Brands that embrace these challenges and demonstrate a commitment to sustainable and ethical production can turn them into opportunities for differentiation and growth.

Fast Fashion and Overproduction

Fast fashion, characterized by rapid production and frequent product turnover, poses a significant challenge to the global shirt market. Brands often prioritize quick turnarounds and low prices, which can lead to overproduction and a disposable fashion culture.

Overproduction: Fast fashion often results in excessive production, which contributes to textile waste and environmental degradation. Unsold shirts are frequently discarded, creating a massive environmental footprint. Brands that overproduce also risk financial losses due to excess inventory.

Quality vs. Quantity: Consumers are increasingly recognizing the trade-off between fast fashion and quality. Many are opting for longer-lasting, high-quality shirts, which may come at a higher initial cost but offer better value over time. Brands that focus on producing durable shirts may need to reconsider their business models in a market where consumers are starting to prioritize quality over quantity.

Key Market Trends

Sustainable and Eco-Friendly Shirts

One of the most significant trends in the global shirt market is the increasing emphasis on sustainability and eco-friendliness. Consumers are becoming more conscious of the environmental impact of their fashion choices, and this awareness has led to a growing demand for shirts that are made from sustainable materials and produced through eco-friendly practices.

Sustainable shirts are typically crafted from organic cotton, hemp, bamboo, or other eco-friendly fabrics. Manufacturers are also exploring innovative materials such as recycled polyester and sustainable alternatives to traditional cotton. These materials reduce the environmental footprint of shirt production by using fewer resources, minimizing chemical usage, and decreasing water consumption.

Moreover, the sustainable fashion movement promotes ethical and transparent manufacturing processes. Consumers now seek information about the origins of their clothing, including fair labor practices, responsible sourcing, and environmentally friendly dyeing and printing methods. This trend has resulted in various certifications, such as Fair Trade and Global Organic Textile Standard (GOTS), which indicate a commitment to sustainability.

Brands that embrace sustainability are not only appealing to environmentally conscious consumers but also gaining a competitive edge in the market. As consumers continue to prioritize eco-friendly options, the trend toward sustainable shirts is expected to drive innovation and change throughout the global shirt market.

Customization and Personalization

The trend of customization and personalization in the global shirt market is experiencing remarkable growth. Today's consumers seek individuality and uniqueness in their clothing, which has led to an increased demand for customized shirts. This trend is further fueled by advancements in technology and e-commerce, making it easier for consumers to design and order shirts tailored to their preferences.

Customization options include choosing shirt styles, colors, patterns, and adding personalized messages, graphics, or monograms. Online platforms and apps enable users to visualize and create their designs, fostering a sense of ownership over their clothing. Some companies also offer made-to-measure services, where customers provide their measurements for a perfectly fitting shirt.

The customization trend has not only engaged consumers but has also benefited manufacturers by reducing overproduction and minimizing waste. It allows companies to create shirts on-demand, reducing the environmental impact of fashion production.

The rise of customization and personalization is transforming the way consumers perceive and purchase shirts. It provides an opportunity for brands to establish a direct connection with their customers and create unique, one-of-a-kind fashion items. As technology continues to advance, the customization trend is expected to grow and shape the global shirt market further.

Digital Retail and E-commerce

The digital revolution has significantly impacted the global shirt market, leading to the rise of digital retail and e-commerce. Online shopping has become a dominant force in the fashion industry, offering consumers convenience, a vast selection, and easy access to a global marketplace.

E-commerce platforms have allowed customers to browse, compare, and purchase shirts from a wide range of brands and designers. Virtual try-on features and advanced sizing charts have made it easier for consumers to find the perfect fit, reducing the need for in-store shopping.

The integration of augmented reality (AR) and virtual reality (VR) technologies is enhancing the online shopping experience. Consumers can virtually try on shirts, allowing them to visualize how different styles, patterns, and colors look on them. This technology is increasing consumer confidence and reducing return rates.

Segmental Insights

Material Insights

The cotton shirt stands as the predominant segment within the global shirt market, commanding a significant share due to its versatility, comfort, and widespread appeal. Renowned for its natural properties, cotton offers breathability, absorbency, and durability, making it an ideal choice for diverse climates and occasions. Its ability to provide a crisp, clean look while ensuring comfort has cemented its position as a wardrobe staple for individuals across demographics and geographies.

Manufacturers leverage cotton's adaptability to produce a wide array of shirt styles, ranging from formal dress shirts to casual button-downs, catering to various preferences and fashion trends. Furthermore, innovations in fabric technology have enhanced cotton's performance, offering wrinkle-resistant, moisture-wicking, and stretch capabilities, thereby expanding its market reach and consumer base.

The enduring popularity of cotton shirts is also fueled by their eco-friendly appeal, as cotton is a renewable resource and biodegradable material, aligning with growing consumer preferences for sustainable fashion choices. Additionally, the affordability of cotton compared to luxury fabrics further contributes to its mass appeal and dominance in the global shirt market.

Overall, the cotton shirt's combination of comfort, style, versatility, and sustainability solidifies its position as the leading segment within the global shirt market, with continued growth expected as consumer demand for quality, functional apparel remains steadfast.

Distribution Channel Insights

Online sales have emerged as the fastest-growing segment in the global shirt market, fueled by shifting consumer preferences, technological advancements, and the widespread adoption of e-commerce platforms. The convenience, accessibility, and extensive product variety offered by online shopping have revolutionized the way consumers purchase shirts, driving unprecedented growth in this segment.

Advancements in digital technologies, secure payment systems, and mobile connectivity have facilitated seamless online shopping experiences, encouraging consumers to browse and buy shirts from the comfort of their homes or on the go. Additionally, the proliferation of social media platforms and influencer marketing has further accelerated online shirt sales, as consumers seek inspiration and recommendations from online communities and influencers.

The COVID-19 pandemic has catalyzed the shift towards online shopping, with lockdowns and social distancing measures prompting consumers to rely more heavily on e-commerce channels for their clothing needs. This accelerated digital transformation has propelled online shirt sales to new heights, with retailers and brands investing in robust online platforms, omnichannel strategies, and personalized shopping experiences to capitalize on this trend.

Furthermore, the global reach of e-commerce allows shirt manufacturers and retailers to tap into new markets and demographics, driving international sales growth. As consumer preferences continue to evolve, and online shopping becomes increasingly ingrained in daily life, the online segment is poised to maintain its rapid expansion trajectory, reshaping the dynamics of the global shirt market for years to come..


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Regional Insights

The Asia Pacific region emerges as the largest market segment in the global shirt market, propelled by several factors that underscore its prominence in the textile and apparel industry. With a burgeoning population, rapid urbanization, and increasing disposable incomes across countries like China, India, Japan, and South Korea, the demand for clothing, including shirts, has witnessed exponential growth.

Asia Pacific's dominance in the global shirt market is also fueled by its robust manufacturing infrastructure and supply chain capabilities. The region serves as a manufacturing hub for numerous global apparel brands, leveraging its abundant labor force and cost-effective production processes to meet domestic and international demand.

Shifting consumer preferences towards Western fashion trends, coupled with the rising adoption of e-commerce platforms and social media influence, have propelled the demand for shirts in the Asia Pacific region. This trend is particularly pronounced among the burgeoning middle class and youth demographic, driving sales of both formal and casual shirts. Additionally, government initiatives promoting textile and garment industries, coupled with favorable trade policies and investments in retail infrastructure, further bolster Asia Pacific's position as a key player in the global shirt market.

Overall, the Asia Pacific region's combination of market size, manufacturing prowess, changing consumer dynamics, and supportive policies cements its status as the largest and most dynamic segment within the global shirt market, with continued growth anticipated in the foreseeable future.

Recent Developments

  • In March 2023, Muzo introduced its latest summer collection of upscale men's shirts in India. This exclusive line showcases premium Giza cotton and linen shirts. Crafted from the finest Egyptian cotton, renowned for its luxurious softness and longevity, the Giza cotton shirts offer unparalleled quality. Meanwhile, the linen shirts, crafted from the finest European linen, provide exceptional breathability, making them ideal for the summer season.
  • In July 2023, Levi Strauss & Co is extending its presence into the Philippines through the inauguration of its largest store in the region, aligning with its direct-to-consumer approach in Asia. The store will showcase Levi’s comprehensive product range, encompassing iconic items like the classic 501 jeans and trucker jackets.

Key Market Players

  • Brooks Brothers Group, Inc.
  • PVH Corp.
  • Hugo Boss AG
  • Ralph Lauren Corporation 
  • Giorgio Armani S.p.A.
  • Burberry Group plc
  • H & M Hennes & Mauritz AB
  • Levi Strauss & Co.
  • Raymond Group
  • Bestseller Handels B.V. (Jack & Jones)

 

By Material

 

By Distribution Channel

 

By Region

  • Cotton
  • Silk
  • Linen
  • Offline
  • Online
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the global shirt market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:              

  • Shirt Market, By Material:

o   Cotton

o   Silk

o   Linen    

  • Shirt Market, By Distribution Channel:

o   Offline

o   Online                                 

  • Shirt Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

§  Indonesia

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global shirt market.

Available Customizations:

Global Shirt market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Shirt Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]       

Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary         

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Voice of Customer

4.1.  Factors Affecting Purchase Decision

4.2.  Challenges Faced Post Purchase

4.3.  Brand Awareness

5.    Global Shirt Market Outlook

5.1.  Market Size & Forecast

5.1.1.     By Value

5.2.  Market Share & Forecast

5.2.1.     By Material Market Share Analysis (Cotton, Silk, Linen)

5.2.2.     By Distribution Channel Market Share Analysis (Online, Offline)

5.2.3.     By Regional Market Share Analysis

5.2.3.1.         North America Market Share Analysis

5.2.3.2.         Europe Market Share Analysis

5.2.3.3.         Asia-Pacific Market Share Analysis

5.2.3.4.         Middle East & Africa Market Share Analysis

5.2.3.5.         South America Market Share Analysis

5.2.4.     By Top 5 Companies Market Share Analysis, Others (2023)

5.3.  Global Shirt Market Mapping & Opportunity Assessment

5.3.1.     By Material Market Mapping & Opportunity Assessment

5.3.2.     By Distribution Channel Market Mapping & Opportunity Assessment

5.3.3.     By Regional Market Mapping & Opportunity Assessment

6.    North America Shirt Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Material Market Share Analysis

6.2.2.     By Distribution Channel Market Share Analysis

6.2.3.     By Country Market Share Analysis

6.2.3.1.         United States Shirt Market Outlook

6.2.3.1.1.             Market Size & Forecast

6.2.3.1.1.1. By Value

6.2.3.1.2.             Market Share & Forecast

6.2.3.1.2.1. By Material Market Share Analysis

6.2.3.1.2.2. By Distribution Channel Market Share Analysis

6.2.3.2.         Canada Shirt Market Outlook

6.2.3.2.1.             Market Size & Forecast

6.2.3.2.1.1. By Value

6.2.3.2.2.             Market Share & Forecast

6.2.3.2.2.1. By Material Market Share Analysis

6.2.3.2.2.2. By Distribution Channel Market Share Analysis

6.2.3.3.         Mexico Shirt Market Outlook

6.2.3.3.1.             Market Size & Forecast

6.2.3.3.1.1. By Value

6.2.3.3.2.             Market Share & Forecast

6.2.3.3.2.1. By Material Market Share Analysis

6.2.3.3.2.2. By Distribution Channel Market Share Analysis

7.    Europe Shirt Market Outlook

7.1.  Market Size & Forecast         

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Material Market Share Analysis

7.2.2.     By Distribution Channel Market Share Analysis

7.2.3.     By Country Market Share Analysis

7.2.3.1.         France Shirt Market Outlook

7.2.3.1.1.             Market Size & Forecast

7.2.3.1.1.1. By Value

7.2.3.1.2.             Market Share & Forecast

7.2.3.1.2.1. By Material Market Share Analysis

7.2.3.1.2.2. By Distribution Channel Market Share Analysis

7.2.3.2.         United Kingdom Shirt Market Outlook

7.2.3.2.1.             Market Size & Forecast

7.2.3.2.1.1. By Value

7.2.3.2.2.             Market Share & Forecast

7.2.3.2.2.1. By Material Market Share Analysis

7.2.3.2.2.2. By Distribution Channel Market Share Analysis

7.2.3.3.         Italy Shirt Market Outlook

7.2.3.3.1.             Market Size & Forecast

7.2.3.3.1.1. By Value

7.2.3.3.2.             Market Share & Forecast

7.2.3.3.2.1. By Material Market Share Analysis

7.2.3.3.2.2. By Distribution Channel Market Share Analysis

7.2.3.4.         Germany Shirt Market Outlook

7.2.3.4.1.             Market Size & Forecast

7.2.3.4.1.1. By Value

7.2.3.4.2.             Market Share & Forecast

7.2.3.4.2.1. By Material Market Share Analysis

7.2.3.4.2.2. By Distribution Channel Market Share Analysis

7.2.3.5.         Spain Shirt Market Outlook

7.2.3.5.1.             Market Size & Forecast

7.2.3.5.1.1. By Value

7.2.3.5.2.             Market Share & Forecast

7.2.3.5.2.1. By Material Market Share Analysis

7.2.3.5.2.2. By Distribution Channel Market Share Analysis

8.    Asia-Pacific Shirt Market Outlook

8.1.  Market Size & Forecast         

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Material Market Share Analysis

8.2.2.     By Distribution Channel Market Share Analysis

8.2.3.     By Country Market Share Analysis

8.2.3.1.         China Shirt Market Outlook

8.2.3.1.1.             Market Size & Forecast

8.2.3.1.1.1. By Value

8.2.3.1.2.             Market Share & Forecast

8.2.3.1.2.1. By Material Market Share Analysis

8.2.3.1.2.2. By Distribution Channel Market Share Analysis

8.2.3.2.         India Shirt Market Outlook

8.2.3.2.1.             Market Size & Forecast

8.2.3.2.1.1. By Value

8.2.3.2.2.             Market Share & Forecast

8.2.3.2.2.1. By Material Market Share Analysis

8.2.3.2.2.2. By Distribution Channel Market Share Analysis

8.2.3.3.         Japan Shirt Market Outlook

8.2.3.3.1.             Market Size & Forecast

8.2.3.3.1.1. By Value

8.2.3.3.2.             Market Share & Forecast

8.2.3.3.2.1. By Material Market Share Analysis

8.2.3.3.2.2. By Distribution Channel Market Share Analysis

8.2.3.4.         Australia Shirt Market Outlook

8.2.3.4.1.             Market Size & Forecast

8.2.3.4.1.1. By Value

8.2.3.4.2.             Market Share & Forecast

8.2.3.4.2.1. By Material Market Share Analysis

8.2.3.4.2.2. By Distribution Channel Market Share Analysis

8.2.3.5.         South Korea Shirt Market Outlook

8.2.3.5.1.             Market Size & Forecast

8.2.3.5.1.1. By Value

8.2.3.5.2.             Market Share & Forecast

8.2.3.5.2.1. By Material Market Share Analysis

8.2.3.5.2.2. By Distribution Channel Market Share Analysis

8.2.3.6.         Indonesia Shirt Market Outlook

8.2.3.6.1.             Market Size & Forecast

8.2.3.6.1.1. By Value

8.2.3.6.2.             Market Share & Forecast

8.2.3.6.2.1. By Material Market Share Analysis

8.2.3.6.2.2. By Distribution Channel Market Share Analysis

9.    Middle East & Africa Shirt Market Outlook

9.1.  Market Size & Forecast         

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Material Market Share Analysis

9.2.2.     By Distribution Channel Market Share Analysis

9.2.3.     By Country Market Share Analysis

9.2.3.1.         South Africa Shirt Market Outlook

9.2.3.1.1.             Market Size & Forecast

9.2.3.1.1.1. By Value

9.2.3.1.2.             Market Share & Forecast

9.2.3.1.2.1. By Material Market Share Analysis

9.2.3.1.2.2. By Distribution Channel Market Share Analysis

9.2.3.2.         Saudi Arabia Shirt Market Outlook

9.2.3.2.1.             Market Size & Forecast

9.2.3.2.1.1. By Value

9.2.3.2.2.             Market Share & Forecast

9.2.3.2.2.1. By Material Market Share Analysis

9.2.3.2.2.2. By Distribution Channel Market Share Analysis

9.2.3.3.         UAE Shirt Market Outlook

9.2.3.3.1.             Market Size & Forecast

9.2.3.3.1.1. By Value

9.2.3.3.2.             Market Share & Forecast

9.2.3.3.2.1. By Material Market Share Analysis

9.2.3.3.2.2. By Distribution Channel Market Share Analysis

9.2.3.4.         Turkey Shirt Market Outlook

9.2.3.4.1.             Market Size & Forecast

9.2.3.4.1.1. By Value

9.2.3.4.2.             Market Share & Forecast

9.2.3.4.2.1. By Material Market Share Analysis

9.2.3.4.2.2. By Distribution Channel Market Share Analysis

10.  South America Shirt Market Outlook

10.1.             Market Size & Forecast

10.1.1.  By Value

10.2.             Market Share & Forecast

10.2.1.  By Material Market Share Analysis

10.2.2.  By Distribution Channel Market Share Analysis

10.2.3.  By Country Market Share Analysis

10.2.3.1.      Argentina Shirt Market Outlook

10.2.3.1.1.           Market Size & Forecast

10.2.3.1.1.1.               By Value

10.2.3.1.2.           Market Share & Forecast

10.2.3.1.2.1.               By Material Market Share Analysis

10.2.3.1.2.2.               By Distribution Channel Market Share Analysis

10.2.3.2.      Colombia Shirt Market Outlook

10.2.3.2.1.           Market Size & Forecast

10.2.3.2.1.1.               By Value

10.2.3.2.2.           Market Share & Forecast

10.2.3.2.2.1.               By Material Market Share Analysis

10.2.3.2.2.2.               By Distribution Channel Market Share Analysis

10.2.3.3.      Brazil Shirt Market Outlook

10.2.3.3.1.           Market Size & Forecast

10.2.3.3.1.1.               By Value

10.2.3.3.2.           Market Share & Forecast

10.2.3.3.2.1.               By Material Market Share Analysis

10.2.3.3.2.2.               By Distribution Channel Market Share Analysis

11.  Market Dynamics

11.1.             Drivers

11.2.             Challenges

12.  Market Trends & Developments

13.  Competitive Landscape

13.1.             Company Profiles

13.1.1.  Brooks Brothers Group, Inc.

13.1.1.1.      Company Details

13.1.1.2.      Products

13.1.1.3.      Financials (As Per Availability)

13.1.1.4.      Key Market Focus & Geographical Presence

13.1.1.5.      Recent Developments

13.1.1.6.      Key Management Personnel

13.1.2.  PVH Corp.

13.1.2.1.      Company Details

13.1.2.2.      Products

13.1.2.3.      Financials (As Per Availability)

13.1.2.4.      Key Market Focus & Geographical Presence

13.1.2.5.      Recent Developments

13.1.2.6.      Key Management Personnel

13.1.3.  Hugo Boss AG

13.1.3.1.      Company Details

13.1.3.2.      Products

13.1.3.3.      Financials (As Per Availability)

13.1.3.4.      Key Market Focus & Geographical Presence

13.1.3.5.      Recent Developments

13.1.3.6.      Key Management Personnel

13.1.4.  Ralph Lauren Corporation

13.1.4.1.      Company Details

13.1.4.2.      Products

13.1.4.3.      Financials (As Per Availability)

13.1.4.4.      Key Market Focus & Geographical Presence

13.1.4.5.      Recent Developments

13.1.4.6.      Key Management Personnel

13.1.5.  Giorgio Armani S.p.A.

13.1.5.1.      Company Details

13.1.5.2.      Products

13.1.5.3.      Financials (As Per Availability)

13.1.5.4.      Key Market Focus & Geographical Presence

13.1.5.5.      Recent Developments

13.1.5.6.      Key Management Personnel

13.1.6.  Burberry Group plc

13.1.6.1.      Company Details

13.1.6.2.      Products

13.1.6.3.      Financials (As Per Availability)

13.1.6.4.      Key Market Focus & Geographical Presence

13.1.6.5.      Recent Developments

13.1.6.6.      Key Management Personnel

13.1.7.  H & M Hennes & Mauritz AB

13.1.7.1.      Company Details

13.1.7.2.      Products

13.1.7.3.      Financials (As Per Availability)

13.1.7.4.      Key Market Focus & Geographical Presence

13.1.7.5.      Recent Developments

13.1.7.6.      Key Management Personnel

13.1.8.  Levi Strauss & Co.

13.1.8.1.      Company Details

13.1.8.2.      Products

13.1.8.3.      Financials (As Per Availability)

13.1.8.4.      Key Market Focus & Geographical Presence

13.1.8.5.      Recent Developments

13.1.8.6.      Key Management Personnel

13.1.9.  Raymond Group

13.1.9.1.      Company Details

13.1.9.2.      Products

13.1.9.3.      Financials (As Per Availability)

13.1.9.4.      Key Market Focus & Geographical Presence

13.1.9.5.      Recent Developments

13.1.9.6.      Key Management Personnel

13.1.10.                Bestseller Handels B.V. (Jack & Jones)

13.1.10.1.    Company Details

13.1.10.2.    Products

13.1.10.3.    Financials (As Per Availability)

13.1.10.4.    Key Market Focus & Geographical Presence

13.1.10.5.    Recent Developments

13.1.10.6.    Key Management Personnel

14.  Strategic Recommendations/Action Plan

14.1.             Key Focus Areas

14.2.             Target By Material

14.3.             Target By Distribution Channel

15. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the global shirt market was estimated to be USD 77.68 billion in 2023.

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The global shirt market is witnessing a surge in sustainable and eco-friendly shirt production, catering to environmentally conscious consumers. Additionally, the demand for versatile, work-from-home-friendly shirt styles has grown, reflecting changing work habits and a blend of comfort with professionalism.

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The global shirt market faces challenges related to fluctuating consumer preferences and fast-fashion trends, demanding rapid adaptability. Additionally, sustainability concerns and the need to meet ethical manufacturing standards present obstacles to the industry.

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The major drivers for the global shirt market include changing fashion trends, economic growth leading to increased consumer spending on apparel, and the demand for versatile and stylish clothing options.

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Parvati Sharma

Account Manager BD
Press Release

Shirt Market to Grow with a CAGR of 4.01% through 2029

Jun, 2024

Global Shirt Market continues to thrive due to factors such as changing consumer preferences, sustainability initiatives, and the expansion of e-commerce.