MEN’S T-SHIRTS MARKET TO GROW RAPIDLY WITH CAGR OF 4.3% BY 2028 DUE TO ENHANCED EXPOSURE TO E-COMMERCE, INTERNET, AVAILABILITY OF RARE AND HIGH-END BRANDS PRODUCTS | MILLION INSIGHTS
According to new report available with Million Insights, the global men’s t-shirts industry research report offers thorough insights on type, distribution channel, consumer behavior and impact of COVID-19. It also offers ready, data-driven answers to several industry-level questions.
The global men’s t-shirts market size is expected to reach USD 54.1 billion by 2028, according to a new report by Million Insights. The market is expected to expand at a CAGR of 4.3% from 2021 to 2028. This can be attributed by growing demand for t-shirts from emerging economies owing to growing population.
With the swift urbanization, the shoppers are more inclined toward branded products that have reinforced the growth of this market. Furthermore, an enhanced exposure to e-commerce and internet and availability of rare and high-end brands products has upgraded the fashion consciousness among consumers. Also, the changes in lifestyle and upsurge in the use of biodegradable products such as eco-friendly and sustainable t-shirts propel the growth of the market.
Furthermore, increasing interest of consumers toward sports activities might generate an opportunity for the global market. Similarly, the upsurge in sales of branded clothes has promoted the growth factor. Additionally, several market players are partnering with e-commerce platforms to intensify infiltration in the intact markets by promoting sales of their products. However, the market has witnessed a significant decline in the global market owing to the closure of factories and retailing sectors triggered by the COVID-19 pandemic. Moreover, the cessation of sport activities, further may hit the growth of this market.
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