The global men’s jerseys, sweatshirts, and pullovers market size is expected to reach USD 114.26 billion in 2028, according to a new report by Million Insights. Itis expected to expand at a CAGR of 5.4% from 2021 to 2028. Factors such as the availability of jerseys, sweatshirts, and pullovers in various innovative designs and attractive colors, rising seasonal demand from consumers, and the increasing need to protect the body from cold weather are driving the market. Manufacturers are offering discounts and reaching customers via different ways, such as e-commerce platforms, in order to expand their customer base. Additionally, the rising per capita income and the increasing purchasing power are facilitating the growth of this market.
The knit sweaters type segment is forecasted to expand at the second-highest CAGR from 2021 to 2028. Knit sweaters have the capability to absorb moisture. Knit sweaters offer flexibility, thickness, strength, and durability, thus gaining popularity among the citizens. These products are wrinkle-resistant, thus require low maintenance. Knit sweaters are easy to pack inside the suitcase, which makes them a preferable choice during traveling. With all these benefits, knit sweaters are contributing to the growth of the market.
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The online distribution channel segment is estimated to register the fastest CAGR of 6.8% from 2021 to 2028. Consumers are increasingly opting for online shopping portals and mobile apps for shopping owing to the simplicity and convenience associated. Products are available at economic rates via the online channel compared to the offline channel. Moreover, end users are preferring the most believed shopping portals or mobile apps to buy the products.
North America held the second-largest revenue share in 2020. The U.S. is positively contributing to the growth of the regional market. The presence of well-established brands and manufacturers is one of the key factors supporting the market growth. Additionally, supportive policies for the apparel industry by the government are expected to drive the market in the region.
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Men’s Jerseys, Sweatshirts & Pullovers Market Report Highlights
• North America is projected to witness significant growth from 2021 to 2028. The presence of well-established brands and manufacturers is one of the key factors supporting the regional market growth
• By type, the knit sweaters segment is estimated to expand at the second-highest CAGR from 2021 to 2028. Knit sweaters offer flexibility, thickness, strength, and durability, thus gaining popularity among the citizens
• The online distribution channel is forecasted to register the fastest CAGR of 6.8% from 2021 to 2028. The use of online shopping portals and mobile apps for shopping is getting popular among citizens due to the simplicity associated
Men’s Jerseys, Sweatshirts & Pullovers Market Segmentation
Million Insights has segmented the global men’s jerseys, sweatshirts, and pullovers market on the basis of type, distribution channel, and region:
Men’s Jerseys, Sweatshirts & Pullovers Type Outlook (Revenue, USD Million, 2017 – 2028)
Turtleneck Sweaters and Under sweaters
Men’s Jerseys, Sweatshirts & Pullovers Distribution Channel Outlook (Revenue, USD Million, 2017 – 2028)
Men’s Jerseys, Sweatshirts & Pullovers Regional Outlook (Revenue, USD Million, 2017 – 2028)
Central & South America
Middle East & Africa
List of Key Players of Men’s Jerseys, Sweatshirts & Pullovers Market
H&M Hennes & Mauritz AB
Guccio Gucci S.p.A.
Burberry Group Plc
Giorgio Armani S.p.A.
Dolce & Gabbana S.r.l.
Gianni Versace S.r.l.
Louis Vuitton, Inc.
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