Apparel & Non-Apparel Manufacturing in Canada

Apparel & Non-Apparel Manufacturing in Canada

Summary

Apparel & Non-Apparel Manufacturing in Canada industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

• The apparel & non-apparel manufacturing market is segmented into apparel and non-apparel products. The market value refers to the revenue generated by apparel and non-apparel manufacturers in a specific year.
• The Canadian apparel & non-apparel manufacturing market recorded revenues of $18,506.9 million in 2023, representing a compound annual growth rate (CAGR) of 1.2% between 2018 and 2023.
• The apparel segment accounted for the market's largest proportion in 2023, with total revenues of $15,240.6 million, equivalent to 82.4% of the market's overall value.
• In 2023, the Canadian apparel & non-apparel manufacturing market faced a significant decline, primarily due to high import penetration and rising production costs. The high cost of domestic labor, characteristic of most North American markets, rendered Canadian manufacturing less competitive against emerging market economies with lower labor costs. This economic disparity led to a surge in imports of cheaper, and often higher-quality, apparel from countries like China and Bangladesh. Domestic producers, such as those specializing in high-end products like Canada Goose, which focuses on premium coats, found it increasingly difficult to compete.

Scope

• Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the apparel & non-apparel manufacturing market in Canada
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the apparel & non-apparel manufacturing market in Canada
• Leading company profiles reveal details of key apparel & non-apparel manufacturing market players’ global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the Canada apparel & non-apparel manufacturing market with five year forecasts by both value and volume

Reasons to Buy

• What was the size of the Canada apparel & non-apparel manufacturing market by value in 2023?
• What will be the size of the Canada apparel & non-apparel manufacturing market in 2028?
• What factors are affecting the strength of competition in the Canada apparel & non-apparel manufacturing market?
• How has the market performed over the last five years?
• Who are the top competitors in Canada's apparel & non-apparel manufacturing market?