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
Revenue
$528m
Annual Growth 12-17
-5.5%
Forecast Growth 17-22
Profit
Employment
2,437
Businesses
102

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 Locations Chapter

    The Apparel Knitting Mills industry is highly concentrated in the Mid-Atlantic region, which accounts for 36.3% of industry establishments. Within the Mid-Atlantic, New York has the highest number of mills, with 24.8% of the country's total, followed by New Jersey which accounts for 8.0% of establishments, good for third most in the country.Due to the shifting makeup of the industry, operators are no longer located in the South, which has been a traditional hub for textile manufacturers. Instead, many mills are now located in metropolitan areas and in cities near ports. The industry's domestic markets are located in areas with a high population density and consumer traffic, which makes big cities an ideal location. Due...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
    Includes:
  • 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
    Green
  • 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

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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.
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    • 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

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