Apparel Accessories Manufacturing Industry Profile

View Full Sample Add To Cart

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 Headwear (Hong Kong), and Mulberry Group (the UK).

Global online fashion retail sales of hats, scarves, gloves, bags, and jewelry, is about $102 billion, according to Statista. China is the top country for apparel accessory sales.

The US apparel accessories manufacturing industry includes 575 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $1 billion.

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 about 90% of the US market. The largest suppliers to the US are China, Mexico, Italy, Vietnam, and Bangladesh. Major export markets for US apparel accessories manufacturers include Canada, Mexico, Japan, the UK, and Australia. Exports account for about 40% of US production.

PRODUCTS, OPERATIONS & TECHNOLOGY

Major products include hats, which account for 18% of apparel accessories manufacturing sales; men's ties and other neckwear, 11% of sales; and gloves and mittens, 8%. Other products include belts, women's scarves, ...

 
View Full Sample Add To Cart Return to the Industry Profile Menu

Related Profiles

Would you or your company benefit from having unlimited access to First Research's industry intelligence tools?

Learn More About Subscription Options