Loose stitch: Operators must gain foothold in a niche market to combat import penetration

Revenue for the Apparel Knitting Mills industry has declined over the past five years. The decline in revenue is in line with the industry as a whole, which has been contracting for the last decade as more clothing manufacturing is done in low-cost countries abroad. Per capita disposable income growth over the past five years has helped offset further losses for the industry. In line with declining revenue due to lower production levels, profit margins for industry operators have also declined during the five-year period as companies fighting for business undercuts bargaining power. Industry revenue is expected to continue its decline over the five years to 2022...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22

Industry Threats & Opportunities

  • Revenue will contract as the industry continues to contend with increasing import penetration
  • Input costs did not decline fast enough to prevent profit margins from declining
  • Rising oil prices will further cut into already thin profit margins
  • Industry Report - Industry Products Chapter

    Products and servicesProducts in the Apparel Knitting Mills industry can be broadly divided into outerwear, underwear and nightwear. Most domestically purchased outwear products are imported from low-cost countries and compete with domestically produced goods. Typically, outerwear is a high-value category, carrying high prices. The availability of lower-priced coats, jackets and jeans drives consumers to purchase the lower-priced imports rather than the domestically produced apparel. This has prevented growth in the outerwear segment in general.Shirts, t-shirts and undershirtsThis product category accounts for 45.5% of total industry revenue, making it the industry's largest product segment. Kni...purchase to read more.

    Additional Insights for the Apparel Knitting Mills Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Apparel Knitting Mills Industry are

  • Ability to pass on cost increases
  • Proximity to key markets
  • Economies of scope
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Demand from clothing and clothing accessories stores in the Apparel Knitting Mills industry impact industry performance..

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    What's in this report

    What is the Apparel Knitting Mills Industry?

    Industry operators knit and manufacture underwear, outerwear, nightwear and knitting fabric. Firms knit the fabric and then manufacture apparel; knit apparel directly from yarns and fibers; or knit, manufacture and finish the industry’s products. The products differ from cut and sew apparel products, which are generally manufactured from broadwoven fabrics purchased from textile mills.

    Industry Products
  • Sweaters
  • Men's and boys' shirts
  • Women's, girls' and infants' shirts
  • Outerwear
  • Gloves, mittens, hats, mufflers and other apparel products
  • Other apparel products
  • Industry Activities
  • Knitting outerwear, including shirts, shorts, sweaters, pants and gloves
  • Knitting underwear and nightwear, such as briefs, underwear T-shirts, foundation garments, pajamas and nightshirts
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • Demand from clothing and clothing accessories stores
  • Import penetration into the manufacturing sector
  • Trade-weighted index
  • World price of cotton

  • Current Performance
  • Slowing demand
  • Profit margins pressured
  • Industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Continued consolidation
  • Opportunity in relative obscurity
  • Table: Apparel Knitting Mills Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Apparel Knitting Mills Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Men's & Boys' Apparel Wholesaling
  • Women's & Children's Apparel Wholesaling
  • Lingerie, Swimwear & Bridal Stores
  • Department Stores
  • Warehouse Clubs & Supercenters

  • Key Selling Industries
  • Cotton Farming
  • Sheep Farming
  • Synthetic Fiber Manufacturing
  • Textile Mills

  • Products & Services
  • Men's and boys' shirts
  • Sweaters
  • Other apparel products
  • Women's, girls' and infants' shirts
  • Gloves, mittens, hats, mufflers and other apparel products
  • Outerwear
  • Chart: Apparel Knitting Mills Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Women's and girls' clothing manufacturers including outerwear
  • Men's apparel retailers including department stores
  • Apparel wholesalers
  • Women's apparel retailers
  • Third-party contractors
  • Other
  • Men's and boys' outerwear manufacturers
  • Chart: Major Market Segmentation for the Apparel Knitting Mills Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Apparel Knitting Mills

  • Basis of Competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Apparel Knitting Mills Industry

  • Industry Globalization
    Hanesbrands Inc., Fruit of the Loom,
  • Table: Hanesbrands Inc. - financial performance
  • Table: Fruit of the Loom - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Apparel Knitting Mills Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Apparel Knitting Mills Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Import penetration into the manufacturing sector (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
  • Also called "eco-friendly" or "environmentally friendly." Refers to products or services that have little or no impact on the natural state of the environment.
  • Outsource
  • To procure goods or services under contract with an outside supplier.
  • Private Label
  • Products sold as the house brand of a particular retail chain, rather than the specific manufacturer.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Apparel Knitting Mills can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

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    This report on Apparel Knitting Mills:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Apparel Knitting Mills market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Apparel Knitting Mills, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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