Industry Analysis & Industry Trends
On the defense
Demand for tactical and service clothing will taper off over the next five years, as defense spending continues on a downward trend. Further, rising input prices led many manufacturers to outsource production to low-cost countries, and this trend will continue. Nevertheless, a shift to new markets and product enhancements will help mitigate significant losses.... purchase to read more
Industry Report - Industry Analysis Chapter
The recession did little to faze the Tactical and Service Clothing Manufacturing industry. Since 2001, the presence of US military troops in Middle East countries like Iraq and Afghanistan has increased the federal government's funding of defense. Federal spending on defense has continued to grow during the five years to 2011, at an average annual rate of 6.3% to $768.2 billion. Increased money for these services has allowed the US military to buy and upgrade uniforms and other tactical apparel. In turn, industry revenue has climbed at an average annual rate of 2.6% to an estimated $250.1 million during the period... purchase to read more