Piece Goods, Notions & Other Apparel Wholesaling in the US - Industry Market Research Report

Piece Goods, Notions & Other Apparel Wholesaling in the US - Industry Market Research Report

Piece Goods, Notions & Other Apparel Wholesaling in the US

The Piece Goods, Notions and Other Apparel Wholesaling industry will decline over the five years to 2023. A combination of rising import penetration, intense price competition and vertical integration has caused industry revenue to contract at a CAGR of 2.6% to $15.2 billion over the five years to 2023. In 2020, the initial outbreak of the COVID-19 pandemic caused a massive downturn in the economy, exacerbating revenue declines. However, the rebounding economy, aided by the passage of federal stimulus measures in 2020 and 2021, drove the industry's recovery in 2021. Amidst concerns of a recession following a quick economic rebound, long-term trends will once again cause industry revenue to contract 0.8% in 2023.

Operators in this industry wholesale piece goods, fabrics, yarns, thread and other notions and hair accessories. Products sold in this industry include apparel trimmings, belts and buckles, textile fabrics, textile labels, millinery supplies, sewing needles, remnants, ribbons, sewing accessories and zippers. Operators that buy fabric goods in the gray (i.e. unbleached and untreated) have them finished on a contract basis and sell at wholesale, which are classified in other industries.

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