Men's & Boys' Apparel Manufacturing in Canada - Market Research Report (2013-2028)
New York, United States
Last Updated: September 2023
NAICS 31522CARevenue
$1.0bn
Past 5-Year Growth
Profit
$XXX.Xm
Employees
5,990
Businesses
181
Wages
$XXX.Xm
Men's & Boys' Apparel Manufacturing in Canada industry analysis
The Men's and Boys' Apparel Manufacturing industry in Canada has been characterized by offshoring, import competition and a significant shift toward producing high-end products over the past five years. The industry, which manufactures men's and boys' apparel from purchased fabrics, has been challenged by high import penetration. However, manufacturers shifting toward producing high-end, value-added designer and handcrafted fashion have helped industry revenue from falling at a much sharper rate. Consequently, industry revenue is expected to fall an annualized 6.5% to $1.0 billion over the five years to 2023, including a decrease of 3.6% in 2023 alone as consumer confidence levels fall. However, profit is expected to improve.Industry imports are expected to satisfy 90.3% of domestic demand in 2023. Imported apparel is less expensive than domestically made goods because foreign manufacturers benefit from relatively low labour costs. Consequently, imported clothing is more attractive to downstream wholesalers and retailers, posing a competitive threat to domestic manufacturers. Since heightened import competition has weighed heavily on the industry, many domestic manufacturers have exited the industry. Those that remain have increasingly turned to foreign markets to generate revenue growth. These manufacturers mainly produce specialized premium apparel that has accumulated attention in the export market. Over the past five years, the appreciation of the Canadian dollar has also made domestically-produced clothing less affordable for foreign consumers. As a result, industry exports are anticipated to decline an annualized 4.6% to $492.6 million over the five years to 2023. Over the next five years, revenue is expected to recover and the average industry profit margin will increase. A forecast depreciating Canadian dollar will increase the affordability of industry products abroad, supporting a rebound following the worst of the coronavirus pandemic. Overall, industry revenue is expected to increase an annualized 3.7% to $1.2 billion over the five years to 2028.
Trends and Insights
- The Men's and Boys' Apparel Manufacturing industry in Canada has experienced mounting competitive pressure from imports over the past five years. The high import penetration is typical for apparel manufacturers in most of North America and Western Europe, as the cost of domestic labour is higher than that in emerging market economies.
- Businesses in the Canadian Men's and Boys' Apparel Manufacturing industry make a wide range of clothing, from suits and coats to underwear and sleepwear. Some companies, such as major industry player Jack Victor Limited, specialize in one area of production, such as suits, while others make a variety of clothing that spans men's, women's and children's options.
- Activity in the Canadian Men's and Boys' Apparel Manufacturing industry is primarily concentrated in Ontario and Quebec. These provinces house 37.3% and 36.4% of industry establishments in 2023, respectively.
- Domestic producers face strong competition from foreign manufacturers. These manufacturers often offer lower prices or higher quality products, pushing consumers away from domestic apparel.
Industry Overview
Market size and recent performance (2013-2028)
Industry revenue has declined at a CAGR of 6.5 % over the past five years, to reach an estimated $1.0bn in 2023.
Trends and Insights
International trade has become an essential factor for the industry
- Domestically produced apparel is significantly more expensive than its substitutes in East and South Asia.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
A dollar depreciation will have a two-fold effect on the industry
- A depreciating dollar will support export growth as it becomes more affordable in terms of the domestic currency. Besides, as the dollar's value remains higher than pre-pandemic levels, it will prevent import penetration from growing since the loonie will remain stronger than pre-COVID-19.
Biggest companies in the Men's & Boys' Apparel Manufacturing in Canada
| Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
|---|---|---|---|---|
Ballin | 6.7 | 0.6 | 9.0 | |
Jack Victor | 6.7 | 0.6 | 9.0 | |
Alphabroder | 1.3 | 0.1 | 7.7 |
To view the market share and analysis for all 3 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Underwear and nightwear, Suits, coats and overcoats and Shirts and sweaters. Underwear and nightwear is the largest segment of the Men's & Boys' Apparel Manufacturing in Canada.
Trends and Insights
Many companies generate most revenue from manufacturing suits and coats
- These items require more specific and customized designs, making it more difficult to outsource to low-cost producers overseas.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Women's, Girls' & Infants' Apparel Manufacturing in Canada
- Women's Clothing Stores in Canada
- Department Stores in Canada
Complementors
- Textile Mills in Canada
- Men's Clothing Stores in Canada
International industries
- Global Apparel Manufacturing
- Men's & Boys' Apparel Manufacturing in the US
- Surgical Apparel Manufacturing in the US
- Tactical & Service Clothing Manufacturing in the US
- Men's and Boys' Wear Manufacturing in Australia
Table of Contents
About this industry
Industry definition
The Men’s & Boys’ Apparel Manufacturing industry in Canada manufactures men’s and boys’ apparel from purchased fabrics.
What's included in this industry?
Designing and manufacturing suitsDesigning and manufacturing coats and outerwearDesigning and manufacturing pantsDesigning and manufacturing shirtsDesigning and manufacturing athletic apparelDesigning and manufacturing snow apparelDesigning and manufacturing swim apparelDesigning and manufacturing underwearCompanies
BallinJack VictorAlphabroderPurchase this report to view all 3 major companies in this industry.
Related Terms
OFFSHOREOUTSOURCEPREMIUM DENIMPIECE GOODSIndustry Code
NAICS 31522 - Men's & Boys' Apparel Manufacturing in Canada
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
The Men's and Boys' Apparel Manufacturing industry in Canada has experienced mounting competitive pressure from imports over the past five years. The high import penetration ...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2013-2022) and forecast (2023-2028)
- Employees, including historical (2013-2022) and forecast (2023-2028)
- Businesses, including historical (2013-2022) and forecast (2023-2028)
- Profit, including historical (2013-2023)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Businesses in the Canadian Men's and Boys' Apparel Manufacturing industry make a wide range of clothing, from suits and coats to underwear and sleepwear. Some companies, such...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2023
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2023
- Major market segmentation in 2023
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Activity in the Canadian Men's and Boys' Apparel Manufacturing industry is primarily concentrated in Ontario and Quebec. These provinces house 37.3% and 36.4% of industry est...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each province
- Share of population compared to establishments in each region in 2023
Tables
- Number and share of establishments in each province in 2023
- Number and share of revenue each province accounts for in 2023
- Number and share of wages each province accounts for in 2023
- Number and share of employees in each province in 2023
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Domestic producers face strong competition from foreign manufacturers. These manufacturers often offer lower prices or higher quality products, pushing consumers away from do...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2018-2023
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
The industry is highly fragmented. In 2023, only one company accounts for over 5.0% of the market share.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2019 through 2023
- Major companies in the industry, including market share, revenue, profit and profit margin in 2023
- Overview of Ballin's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Jack Victor's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Alphabroder's performance by revenue, market share and profit margin from 2017 through 2023
Detailed analysis
- Description and key data for Ballin, and factors influencing its performance in the industry
- Description and key data for Jack Victor, and factors influencing its performance in the industry
- Description and key data for Alphabroder, and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The government does not provide specific assistance to the Men's and Boys' Apparel Manufacturing in Canada industry. While the industry does not receive any direct government...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2013-2028)
- Assistance historical data and forecast (2013-2028)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Cost structures vary across the industry and can depend on company size, product scope, location, labour, and technology mix. For example, companies that offshore all their m...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Investment vs. share of economy
Data tables
- Liquidity Ratios (2016-2021)
- Coverage Ratios (2016-2021)
- Leverage Ratios (2016-2021)
- Operating Ratios (2016-2021)
- Assets (2016-2021)
- Liabilities (2016-2021)
- Cash Flow & Debt Service Ratios (2013-2028)
- Revenue per Employee (2013-2028)
- Revenue per Enterprise (2013-2028)
- Employees per Establishment (2013-2028)
- Employees per Enterprise (2013-2028)
- Average Wage (2013-2028)
- Wages/Revenue (2013-2028)
- Establishments per Enterprise (2013-2028)
- IVA/Revenue (2013-2028)
- Imports/Demand (2013-2028)
- Exports/Revenue (2013-2028)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2013-2028)
- IVA (2013-2028)
- Establishments (2013-2028)
- Enterprises (2013-2028)
- Employment (2013-2028)
- Exports (2013-2028)
- Imports (2013-2028)
- Wages (2013-2028)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Canada include:
- Statistics Canada
- Industry Canada
- Canadian Business Patterns
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Men's & Boys' Apparel Manufacturing industry in Canada in 2024?
The market size of the Men's & Boys' Apparel Manufacturing industry in Canada is $1.0bn in 2024.
How many businesses are there in the Men's & Boys' Apparel Manufacturing in Canada industry in 2023?
There are 181 businesses in the Men's & Boys' Apparel Manufacturing industry in Canada, which has declined at a CAGR of 4.9 % between 2018 and 2023.
Has the Men's & Boys' Apparel Manufacturing industry in Canada grown or declined over the past 5 years?
The market size of the Men's & Boys' Apparel Manufacturing industry in Canada has been declining at a CAGR of 6.5 % between 2018 and 2023.
What is the forecast growth of the Men's & Boys' Apparel Manufacturing industry in Canada over the next 5 years?
Over the next five years, the Men's & Boys' Apparel Manufacturing industry in Canada is expected to grow.
What are the biggest companies in the Men's & Boys' Apparel Manufacturing market in Canada?
The biggest companies operating in the Men's & Boys' Apparel Manufacturing market in Canada are Ballin, Jack Victor and Alphabroder
What does the Men's & Boys' Apparel Manufacturing in Canada include?
Designing and manufacturing suits and Designing and manufacturing coats and outerwear are part of the Men's & Boys' Apparel Manufacturing industry.
Which companies have the highest market share in the Men's & Boys' Apparel Manufacturing in Canada?
The company holding the most market share in Canada is Ballin.
How competitive is the Men's & Boys' Apparel Manufacturing industry in Canada?
The level of competition is high and increasing in the Men's & Boys' Apparel Manufacturing industry in Canada.
