Industry Analysis & Industry Trends
Volatile cotton prices and recession-induced drops in consumer spending pressured the industry slightly in the past five years. However, increasing population and and disposable income growth will bolster industry revenue in the five years to come. Companies will also continue moving production to low wage cost countries to offer more competitive prices... read more
The Global Apparel Manufacturing industry makes men's, women's and children's clothing. It also manufactures specialty apparel such as professional uniforms and infants' clothing.
Women's and girls' apparel
The industry's largest product segment is women's and girls' apparel, which accounts for an estimated 59.1% of industry revenue. This segment includes all women's and girls' cut and sewn garments, such as dresses, suits, shirts, skirts, blouses, sweaters, undergarments, outerwear and activewear. The womenswear segment is larger than the menswear segment because women tend to spend a higher proportion of their disposable incomes on clothing. Moreover, changes in fashion trends are more frequent among women's apparel than they are with men's... read more