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Men’s & Boys’ Apparel Manufacturing in the US - Industry Market Research Report

Men’s & Boys’ Apparel Manufacturing in the US - Industry Market Research Report

  • September 2020
  • 54 pages
  • ID: 1868816
  • Format: PDF
  • Ibisworld

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Suit and tie: As economic conditions improve, domestic demand for industry products will likely increase

Abstract

Men’s & Boys’ Apparel Manufacturing in the US
Historically, the Men’s and Boys’ Apparel Manufacturing industry in the United States has experienced dwindling downstream demand due to its inability to compete with manufacturers abroad, creating stress for industry operators. Over the five years to 2019, clothing retailers have constantly slashed prices to unburden themselves from overstocked inventories. In response, an increasing number of industry operators have opted to compete on the basis of quality rather than price. While most industry participants have already opted to either consolidate or move production offshore to reduce costs, the industry’s return to growth and rising profitability have enticed new companies to enter the industry. However, over the five years to 2024, revenue is forecast to resume its historically downward trend. Although rising per capita disposable income is anticipated to prop up domestic production of high-quality, high-value items for niche consumer markets, intense price competition is expected to place overwhelming pressure on overall industry revenue.

Industry operators manufacture men’s and boys’ apparel from purchased fabric. Activities also include buying raw materials, designing and preparing samples, arranging for apparel to be made from raw materials and marketing finished apparel. This industry only includes companies that operate their own production facilities in the United States.

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.

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