Suits & Ensembles - United States

  • United States
  • The Suits & Ensembles market in the United States is projected to generate a revenue of €113.10m in 2024.
  • It is anticipated to experience an annual growth rate of -13.52% from 2024 to 2028 (CAGR 2024-2028).
  • When compared globally, in India leads the market with a revenue of €1,624m in 2024.
  • In terms of per capita figures, the revenue generated per person in the United States is estimated to be €0.33 in 2024.
  • Looking specifically at the Suits & Ensembles market, the volume is projected to reach 1.3m pieces by 2028.
  • However, there is a slight decline expected in 2025, with a volume growth rate of -8.4%.
  • On average, each person in the United States is expected to account for a volume of 0.0pieces in the Suits & Ensembles market in 2024.
  • The demand for high-quality, tailored suits in the United States has been steadily increasing, as professionals prioritize a polished and sophisticated appearance in the workplace.

Key regions: China, Philippines, United States, Australia, Europe

 
Marché
 
Région
 
Comparaison de régions
 
Monnaie
 

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.

Vue d’ensemble

  • Revenue
  • Sales Channels
  • Key Players
  • Volume
  • Price
  • Global Comparison
  • Methodology
  • Key Market Indicators
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