Summary
Dressed for success: Domestic demand for industry products will likely increase
Abstract
Women’s, Girls’ and Infants’ Apparel Manufacturing in the US
The Women’s, Girls’ and Infants’ Apparel Manufacturing industry is in a state of decline, as low levels of domestic product innovation and a falling number of industry operators have caused revenue to decrease over the five years to 2019. Furthermore, industry operators have contended with overwhelming import competition. Labor costs are significantly lower in developing countries and, due to the varying nature of garments produced each season, automation for apparel manufacturing is limited. As a result, most companies have moved overseas. In addition, high import competition and increasing price pressures from the downstream retail sector are anticipated to constrict industry profit margins. Overall, industry revenue is anticipated to decrease during the current period. Over the five years to 2024, industry revenue is forecast to continue to decline, albeit at a slower rate. As US economic conditions continue to improve, IBISWorld expects domestic demand for industry products to increase. However, import substitutes will likely still capture the majority of rising demand
Industry operators manufacture blouses, shirts, skirts, dresses, pants, nightwear, suits, coats and other outerwear for women and girls. This industry includes women’s, girls’ and infants’ clothing jobbers who perform entrepreneurial functions involved in apparel manufacturing and complete tasks such as buying raw materials, designing and preparing samples and marketing finished apparel.
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.
