Apparel Accessories Manufacturing Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 7/3/2017
SIC Codes: 2323, 2339, 2353, 2381, 2385, 2387, 2389, 3151
NAICS Codes: 31599
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Apparel Accessories Manufacturing Industry Profile

Companies in this industry manufacture apparel accessories such as hats, gloves, scarves, neckties, and belts. Major companies include BIOWORLD, Bollman Hat Company, New Era Cap, and Randa Accessories (all based in the US), as well as Hermes (France), Mainland Headware (Hong Kong), and Mulberry Group (the UK).

Global revenue for the accessories market, including bags and jewelry, is about $55 billion, according to Statista. Top countries for accessories manufacturing include China, the US, the UK, Japan, and France.

The US apparel accessories manufacturing industry includes about 630 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $1 billion.

Makers of footwear, eyewear, and jewelry, which are not included in this industry, are covered in separate industry profiles.

COMPETITIVE LANDSCAPE

Demand is determined by consumer tastes and the level of consumers' discretionary income. The profitability of companies depends in part on effectively controlling the costs of manufacturing, both in the US and internationally. Smaller companies can compete effectively by specializing. The US industry is concentrated: the top 50 companies account for about 80% of sales.

Imports account for nearly all of the US market. The largest suppliers to the US are China, Vietnam, Mexico, Italy, and Bangladesh. Major export markets for US apparel accessories manufacturers include Canada, Mexico, Nicaragua, Japan, and Honduras. Exports account for about 90% of US production.

PRODUCTS, OPERATIONS & TECHNOLOGY

Major products include men's ties, which account for ...

 
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