Market Insights Consumer Apparel Men's Apparel

Shirts - Worldwide

Worldwide

In 2024, the revenue in the Shirts market worldwide amounts to US$79.00bn.
According to projections, this market is expected to grow annually by 2.03% (CAGR 2024-2029).
When compared globally, in the United States generates the highest revenue with US$16,440m in 2024.
In terms of per capita figures, the per person revenue in 2024 is US$10.19.
Looking ahead to 2029, the volume in the Shirts market is projected to reach 3.7bn pieces units.
Additionally, a volume growth of 1.0% is expected in 2025.
The average volume per person in the Shirts market is estimated to be 0.5pieces units in 2024.
Despite a global trend towards casual attire, the demand for high-quality, tailored shirts remains strong in countries like Italy and France.

Key regions: Philippines, Singapore, India, China, United States

Market

Region

Region comparison

Currency

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on the consumer spending on clothing which comprises women, men, and children segments that are produced for private end customers for both offline retail (department stores, traditional specialist shops) and online retail (e-commerce, ordering by catalog).

Modeling approach / Market size:

Market sizes are determined by a combined Top-Down and Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use resources from the Statista platform, national statistics, industry research, market data from independent databases and third-party sources, historical developments, current trends, reported performance indicators from the key market players, and Statista interviews with market experts. Next we use relevant key market indicators and data from country-specific associations such as GDP, consumer spending, consumer price index and population. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, the exponential trend smoothing illustrates suited forecasting for the Apparel market with projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional Notes :

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.