Apparel Manufacturing Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 5/21/2018
SIC Codes: 2253, 2353
NAICS Codes: 315
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 Manufacturing Industry Profile

Companies in this industry manufacture garments made from purchased fabric and from fabric they produce themselves. Major companies include Hanesbrands, Levi Strauss, PVH, Ralph Lauren, Under Armour, and VF Corporation (all based in the US), along with Michael Kors (based in Hong Kong) and Prada (Italy).

Global revenue from apparel manufacturing is about $515 billion, according to MarketLine. China, the world's largest apparel manufacturer, accounts for about 40% of the world export market. The European Union, Japan, and the US are the largest importers of apparel, together accounting for about 80% of imports.

The US apparel manufacturing industry includes about 7,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $11 billion.


Apparel manufacturers compete on both price and fashion. Under many supply agreements, customers can cancel orders or return unwanted inventory. Companies with a competitive advantage are those that can successfully cater to consumer tastes while managing costs and securing beneficial contracts with clothing marketers.

Large integrated companies such as Levi Strauss and Ralph Lauren have sophisticated marketing programs to promote their brands. Small companies can compete effectively with large ones by specializing in a particular type of clothing, such as athletic wear, intimate apparel, or accessories. The US industry is fragmented: the 50 largest companies generate less than 40% of revenue.

Because of the lower costs to manufacture apparel abroad, the US imports more ...

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