Apparel & Non-Apparel Manufacturing in Scandinavia
Summary
Apparel & Non-Apparel Manufacturing in Scandinavia 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 Scandinavian apparel & non-apparel manufacturing market recorded revenues of $17,452.3 million in 2023, representing a negative compound annual growth rate (CAGR) of 0.8% between 2018 and 2023.
- The apparel segment accounted for the market's largest proportion in 2023, with total revenues of $15,300.3 million, equivalent to 87.7% of the market's overall value.
- In 2023, the decline in the Scandinavian apparel & non-apparel manufacturing market was driven by a combination of high production costs and increasing environmental regulations. Countries like Sweden, Denmark, and Norway have some of the highest labor costs in Europe, making it financially challenging for domestic manufacturers to compete with lower-cost producers in Eastern Europe and Asia. This cost pressure led to an increased reliance on imported goods, reducing the competitiveness of local manufacturing. Additionally, stringent environmental regulations in Scandinavia, aimed at reducing carbon footprints and promoting sustainability, imposed significant compliance costs on manufacturers.
- 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 Scandinavia
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the apparel & non-apparel manufacturing market in Scandinavia
- 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 Scandinavia apparel & non-apparel manufacturing market with five year forecasts by both value and volume
- What was the size of the Scandinavia apparel & non-apparel manufacturing market by value in 2023?
- What will be the size of the Scandinavia apparel & non-apparel manufacturing market in 2028?
- What factors are affecting the strength of competition in the Scandinavia apparel & non-apparel manufacturing market?
- How has the market performed over the last five years?
- Who are the top competitors in Scandinavia's apparel & non-apparel manufacturing market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What are the strengths of the leading players?
- 7.3. Are there any trends impacting players in the market?
- 8 Company Profiles
- 8.1. H & M Hennes & Mauritz AB
- 8.2. IC Group A/S
- 8.3. Marimekko Oyj
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Scandinavia apparel & non-apparel manufacturing market value: $ million, 2018-23
- Table 2: Scandinavia apparel & non-apparel manufacturing market category segmentation: % share, by value, 2018-23
- Table 3: Scandinavia apparel & non-apparel manufacturing market category segmentation: $ million, 2018-23
- Table 4: Scandinavia apparel & non-apparel manufacturing market geography segmentation: $ million, 2023
- Table 5: Scandinavia apparel & non-apparel manufacturing market value forecast: $ million, 2023-28
- Table 6: H & M Hennes & Mauritz AB: Key Facts
- Table 7: H & M Hennes & Mauritz AB: Annual Financial Ratios
- Table 8: H & M Hennes & Mauritz AB: Key Employees
- Table 9: H & M Hennes & Mauritz AB: Key Employees Continued
- Table 10: IC Group A/S: Key Facts
- Table 11: IC Group A/S: Key Employees
- Table 12: Marimekko Oyj: Key Facts
- Table 13: Marimekko Oyj: Annual Financial Ratios
- Table 14: Marimekko Oyj: Key Employees
- Table 15: Scandinavia Exchange Rate, 2018-23
- List of Figures
- Figure 1: Scandinavia apparel & non-apparel manufacturing market value: $ million, 2018-23
- Figure 2: Scandinavia apparel & non-apparel manufacturing market category segmentation: $ million, 2018-23
- Figure 3: Scandinavia apparel & non-apparel manufacturing market geography segmentation: % share, by value, 2023
- Figure 4: Scandinavia apparel & non-apparel manufacturing market value forecast: $ million, 2023-28
- Figure 5: Forces driving competition in the apparel & non-apparel manufacturing market in Scandinavia, 2023
- Figure 6: Drivers of buyer power in the apparel & non-apparel manufacturing market in Scandinavia, 2023
- Figure 7: Drivers of supplier power in the apparel & non-apparel manufacturing market in Scandinavia, 2023
- Figure 8: Factors influencing the likelihood of new entrants in the apparel & non-apparel manufacturing market in Scandinavia, 2023
- Figure 9: Factors influencing the threat of substitutes in the apparel & non-apparel manufacturing market in Scandinavia, 2023
- Figure 10: Drivers of degree of rivalry in the apparel & non-apparel manufacturing market in Scandinavia, 2023
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