Market Insights Consumer Apparel Men's Apparel

Blazers - Worldwide

Worldwide

In 2024, the Blazers market worldwide generated a revenue of €24.85bn.
According to projections, this market is expected to grow annually by 3.02% (CAGR 2024-2028).
When compared globally, in China leads the way with a revenue of €9,425m in 2024.
In terms of per capita revenue, each person worldwide is expected to generate €3.21 in 2024.
Looking ahead to 2028, the volume in the Blazers market is projected to reach 317.3m pieces units.
Additionally, there is an anticipated volume growth of 0.8% units in 2025.
On average, each person in the Blazers market is expected to contribute 0.0pieces units in 2024.
Blazers are a staple in the professional wardrobe of executives and professionals worldwide, symbolizing elegance and power.

Key regions: Philippines, Malaysia, Australia, China, India

Mercado

Región

Comparación de regiones

Moneda

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.