Cut & Sew Apparel Contractors in the US - Industry Market Research Report
Description
Cut & Sew Apparel Contractors in the US
The industry encompasses apparel contractors that cut and sew apparel and accessories using materials owned by others. For decades, increased competition from low-cost foreign apparel manufacturers has diminished demand for services rendered by industry operators. To remain competitive, operators have increasingly abandoned lower-value products in favor of premium segments, opting to compete on the basis of quality rather than price. Furthermore, industry operators have benefited from rising disposable income while entering 2023, which has bolstered demand for domestically produced apparel. Despite beneficial demand trends, the industry has still experienced declining revenue due to increased import penetration, rising input costs and the effects of the COVID-19 pandemic. As a result, revenue has decreased at a CAGR of 5.0% to $2.0 billion in 2023, including an expected decrease of 1.3% in 2023. Moving forward, given the significant price advantage of foreign manufacturers and tepid consumer demand for apparel, industry demand is expected to continue its decline.
Cut and sew manufacturers, commonly referred to as cut and sew apparel contractors, create apparel and accessories out of materials owned by the companies that contract them. The main difference between this industry and other apparel manufacturing industries is the ownership of the fabric.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
The industry encompasses apparel contractors that cut and sew apparel and accessories using materials owned by others. For decades, increased competition from low-cost foreign apparel manufacturers has diminished demand for services rendered by industry operators. To remain competitive, operators have increasingly abandoned lower-value products in favor of premium segments, opting to compete on the basis of quality rather than price. Furthermore, industry operators have benefited from rising disposable income while entering 2023, which has bolstered demand for domestically produced apparel. Despite beneficial demand trends, the industry has still experienced declining revenue due to increased import penetration, rising input costs and the effects of the COVID-19 pandemic. As a result, revenue has decreased at a CAGR of 5.0% to $2.0 billion in 2023, including an expected decrease of 1.3% in 2023. Moving forward, given the significant price advantage of foreign manufacturers and tepid consumer demand for apparel, industry demand is expected to continue its decline.
Cut and sew manufacturers, commonly referred to as cut and sew apparel contractors, create apparel and accessories out of materials owned by the companies that contract them. The main difference between this industry and other apparel manufacturing industries is the ownership of the fabric.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
39 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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