Market Insights Consumer Apparel Men's Apparel

Suits - BRICS

BRICS

In 2025, the revenue generated in the Suits market amounts to US$4.79bn.
The market is projected to grow annually by 2.56%, representing a compound annual growth rate (CAGR) for the period 2025-2029.
It is noteworthy to mention that this market segment holds particular significance within the BRICS countries.
When looking at the global picture, in China stands out as the top revenue generator, with a substantial amount of US$3,158m in 2025.
This highlights the significant contribution of in China to the overall revenue in the Suits market.
To provide a more meaningful comparison, it is essential to consider the revenue generated per person.
In 2025, the per capita revenue in the Suits market is estimated to be US$1.45, providing insight into the economic impact of this market segment on individuals within the BRICS countries.
Looking ahead, the volume in the Suits market is expected to reach 45.3m pieces units by 2029.
This indicates a positive growth trend with an estimated volume growth of 2.2% in 2026.
These figures demonstrate the increasing demand for Suits market within the BRICS countries.
To gain a better understanding of the market segment's reach, it is crucial to consider the average volume per person.
In 2025, the average volume per person in the Suits market is projected to be 0.0pieces units.
This data provides insights into the level of consumption and market saturation within the BRICS countries.
In Brazil, the demand for tailored suits is on the rise as more professionals prioritize a polished image in the workplace.

Key regions: Germany, Malaysia, Philippines, India, Indonesia

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.