Loose threads: Intense price competition will place overwhelming pressure on industry revenue

Historically, the Men's and Boys' Apparel Manufacturing industry in the United States has experienced dwindling downstream demand due to its inability to compete with manufacturers abroad, creating stress for industry operators. Over the five years to 2018, clothing retailers have constantly slashed prices to unburden themselves from overstocked inventories. This trend trickled down to the manufacturing sector and exacerbated the reduction in revenue. In response, an increasing number of industry operators have opted to compete on the basis of quality rather than price. The move has proven successful over the past five years, as improving economic conditions domestically have driven rising consumer demand for industry products...purchase to read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 13-18
0.3%
Forecast Growth 18-23
Profit
Employment
15,082
Businesses
2,332
Market Share of Companies

Industry Threats & Opportunities

  • Improving economic conditions domestically have driven rising consumer demand for industry products
  • The emerging popularity of fast fashion has hurt industry revenue
  • The industry is forecast to decline at a tempered pace
  • Industry Report - Industry Investment Chapter

    Expenditure on wages accounts for a much larger portion of revenue than expenditure on capital. IBISWorld estimates that a typical operator within this industry spends $0.03 on capital for every dollar spent on labor. Workers employed by this industry perform detail-oriented functions, such as cutting and sewing fabric. Many low-value clothing items are made overseas in countries where the cost of labor is much lower than that of the United States. Domestic companies have shifted their focus to higher value-added activities, such as design, marketing and manufacturing of premium goods. Wages for these activities are high, which ultimately increases the labor-to-capital ratio. Add...purchase to read more.

    Additional Insights for the Men's & Boys' Apparel Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Men's & Boys' Apparel Manufacturing Industry are

  • Access to niche markets
  • Establishment of brand names
  • Access to multiskilled and flexible workforce
  • IBISWorld analysts also discuss how external factors such as Import penetration into the manufacturing sector and Trade-weighted index in the Men's & Boys' Apparel Manufacturing industry impact industry performance..

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    What's in this report

    What is the Men's & Boys' Apparel Manufacturing Industry?

    Industry operators manufacture men’s and boys’ apparel from purchased fabric. Activities also include buying raw materials, designing and preparing samples, arranging for apparel to be made from raw materials and marketing finished apparel. This industry only includes companies that operate their own production facilities in the United States.

    Industry Products
  • Underwear and nightwear
  • Suits, coats and overcoats
  • Shirts (except work shirts)
  • Pants and jeans (except work pants)
  • Work clothing
  • Industry Activities
  • Manufacturing men's and boys' underwear
  • Manufacturing men's and boys' nightwear
  • Manufacturing men's and boys' suits
  • Manufacturing men's and boys' coats
  • Manufacturing men's and boys' shirts
  • Manufacturing men's and boys' trousers
  • Manufacturing men's and boys' slacks
  • Manufacturing men's and boys' jeans
  • Manufacturing men's and boys' work clothing
  • Manufacturing men's and boys' outerwear, including athletic clothing and bathing suits
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Import penetration into the manufacturing sector
  • Trade-weighted index
  • Consumer Confidence Index
  • Demand from department stores
  • Demand from men's clothing stores

  • Current Performance
  • Import competition
  • Fast fashion adds pressure
  • Profit and participation
  • Chart: Revenue Growth

  • Industry Outlook
  • Immediate threats
  • Opportunities ahead
  • Industry profit and participation
  • Rising labor costs in China
  • Table: Men's & Boys' Apparel Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Men's & Boys' Apparel Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Men's & Boys' Apparel Wholesaling
  • Men's Clothing Stores
  • Children's & Infants' Clothing Stores
  • Family Clothing Stores
  • Lingerie, Swimwear & Bridal Stores
  • Department Stores

  • Key Selling Industries
  • Textile Mills

  • Products & Services
  • Suits, coats and overcoats
  • Shirts (except work shirts)
  • Work clothing
  • Pants and jeans (except work pants)
  • Other
  • Underwear and nightwear
  • Chart: Men's & Boys' Apparel Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Exports
  • Department stores
  • Warehouses and superstores
  • Manufacturer owned retail outlets
  • Men's specialty stores
  • Wholesalers
  • Other
  • Chart: Major Market Segmentation for the Men's & Boys' Apparel Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciation and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Men's & Boys' Apparel Manufacturing

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Men's & Boys' Apparel Manufacturing Industry

  • Industry Globalization
    Brooks Brothers Group Inc.,
  • Table: Brooks Brothers Group Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Men's & Boys' Apparel Manufacturing 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 Men's & Boys' Apparel Manufacturing Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Import penetration into the manufacturing sector (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Offshore
  • The relocation of a company's business process, such as manufacturing or accounting, from one country to another, whether the work is outsourced or stays within the company.
  • Outsource
  • To procure goods or services under contract with an outside supplier.
  • Tariff
  • A tax on an import.
  • Wholesale Bypass
  • A popular trend within retail and manufacturing industries where producers supply goods directly to stores, eliminating the middleman.
  • What Our Customers Say

    Why buy this report?

    The Men's & Boys' Apparel Manufacturing Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Men's & Boys' Apparel Manufacturing:
    • 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 Men's & Boys' Apparel Manufacturing 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 Men's & Boys' Apparel Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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