Industry Analysis & Industry Trends
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 decline at an average annual rate of 4.9% over the 10-year period to 2017. Meanwhile, US GDP is forecast to grow 1.9% per year. Many embroidery services have been incorporated into the apparel-making process, which has shifted offshore to low-cost countries like 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 0.5% over the 10 years to 2017. As... purchase to read more