Industry Analysis & Industry Trends
After several years of strong revenue growth, the Global Apparel Manufacturing industry suffered weaker demand conditions in 2008 and 2009. As the global recession hit, demand for higher-priced apparel weakened in markets such as Europe, the United States and Japan. However, demand for apparel in some emerging markets, such as China, continued to grow over this period.
Industry demand is forecast to grow more strongly in 2011. Much of this demand for apparel is expected to come from emerging markets, which have rebounded strongly from the economic crisis. Demand from developed markets, led by the United States, is increasing at a more subdued rate. IBISWorld estimates that over the five years through 2011, industry revenue will grow by 3.0% per annum... read more
Industry Products
This industry's largest product segment is women's and girls' wear. This segment includes all women's and girls' cut and sewn garments, such as dresses, suits, coats, jackets, tops, shirts, skirts, blouses, sweatshirts, sweaters, undergarments and lingerie. This segment has grown over the past five years as consumers have spent larger amounts of income on apparel items and as changes in fashion have become more frequent. The women's wear segment is larger than the men's wear segment because women tend to spend a higher proportion of their disposable incomes on clothing. Furthermore, women are more likely to buy higher-priced, fashionable items. Competition in this segment is intense and brand concentration is low... read more