Industry Analysis & Industry Trends
Over the five years to 2015, downstream demand unraveled for the Commercial Embroidery Services industry, and the decade-long trend of large multifunctional apparel companies integrating embellishment processes into their operations stifled growth opportunities. Despite their efforts, industry participants are not expected to experience growth over the five years to 2020. Overarching competitive pressures, which affect the entire apparel-manufacturing sector, are likely to remain hallmark traits of the industry.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Commercial Embroidery Services industry is in the decline stage of its life cycle. Its contribution to the economy, measured by its industry value added (IVA), is forecast to grow at an average annual rate of 0.0% over the 10 years to 2020. Meanwhile, US GDP is forecast to increase at an annualized 2.5% over the same period. Many embroidery services have been incorporated into the apparel-making process, which has shifted offshore to low-cost countries such as China and Vietnam. Similarly, large multifunctional apparel companies have moved this step of the supply chain in-house to cut costs.
Consequently, the number of industry participants is expected to decline at an average annual rate of 0.1% over the 10 years to 2020... purchase to read more