Industry Analysis & Industry Trends
Beyond repair
Facing steep import competition and falling demand, cut and sew manufacturers have been forced into intense price competition, yielding shrinking profit margins and tumbling revenue. The "made in the USA" label and the quick turnaround of domestic production is expected to temper the industry's poor performance, but revenue is expected to continue sliding throughout the next five years... purchase to read more
Industry Report - Industry Analysis Chapter
Before plummeting during the five years to 2012, the Cut and Sew Manufacturers industry experienced strong growth between 2004 and 2007. Revenue grew at double-digit rates early in the period as local apparel designers outsourced cutting and sewing activities to specialized contractors. Strong import competition, coupled with the crashing US economy, ravaged the Cut and Sew Manufacturers industry between 2007 and 2012, though. As a result, IBISWorld estimates that industry revenue will contract at an average annual rate of 13.0% over the five-year period to 2012. Contractors are expected to experience their smallest decline, of 2.3%, to about $2.9 billion during 2012 as the domestic economy begins to recover and consumers again return to purchasing discretionary products... purchase to read more