Suits - BRICS
BRICS- In 2024, the revenue generated in the Suits market amounts to US$4.65bn.
- The market is projected to grow annually by 2.67%, representing a compound annual growth rate (CAGR) for the period 2024-2029.
- It is noteworthy to mention that this market segment holds particular significance within the BRICS countries.
- When looking at the global picture, China stands out as the top revenue generator, with a substantial amount of US$3bn in 2024.
- This highlights the significant contribution of 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 2024, the per capita revenue in the Suits market is estimated to be US$1.41, 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 2.3% in 2025.0.
- 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 2024, 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
Definition:
The Suits market comprises ensembles that include jacket and suit trousers made of the same material for men. They can optionally be combined with a vest (three-piece suits).
Additional Information:
The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit, sustainable apparel share, and sales channels. Online channel distribution refers to the purchase of physical goods in online retail. In other words, the purchase is concluded via the internet – on a desktop PC, tablet, or smartphone. The offline distribution channel covers all purchases in stationary stores made via telesales or mail orders (e.g., print catalogs).
In-Scope
- Suits
Out-Of-Scope
- Separate jackets, blazers and suit trousers
