Men’s luxury apparel market in India to expand to $163.1 million by 2028: Euromonitor International

27 January 2025, Mumbai

Driven by rising disposable incomes, evolving fashion preferences, and a growing desire for premium brands, the Indian men's luxury market Indian men's luxury apparel market is projected to grow at a CAGR of 3.4 per cent to reach $163.1 million by 2028, compared to $142.7 million in 2024.

As per a report by the Euromontior International, this growth is being fueled by increased brand awareness, economic growth, and changing consumer trends.

The demand for luxury menswear has been growing, and the trend is expected to continue, says Gopal Asthana, CEO, Tata CLiQ.

Global luxury brands incluidng Canali, Zegna, and Brioni have recently opened flagship stores in India, while brands like Corneliani are offering bespoke designs.

Today, Indian men are more aware of the latest trends, and also more open to spending a couple of lakhs on a suit, says Ritesh Kumar, Director, DS Luxury.

Ethnicwear brands are also capitalizing on this trend. Tarun Tahiliani and Rimzim Dadu have opened dedicated menswear stores, and Aditya Birla Fashion and Retail has launched Tasva, a contemporary men's ethnic wear brand.

With rising disposable incomes and a growing emphasis on personal style, the Indian men's luxury market is poised for continued growth in the coming years.

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