The 2020 Apparel Manufacturing Industry Market Research Report is one of the most comprehensive and in-depth overviews of the industry in the United States with over 100 data sets covering 2011-2024. This report includes updated 2020 and 5-year forecasts due to the impact of COVID-19.
This report includes historical and forecasted industry size, product lines, profitability, financial ratios, BCG matrix, statistics by state, operating expense details, cost of materials and inventory, organizational breakdown, consolidation analysis, employee productivity, price inflation, pay bands for the top 20 industry jobs, trend analysis and forecasts on companies, facilities, employees, payroll, and much more.
Industries in the Apparel Manufacturing subsector group companies with two distinct manufacturing processes: (1) cut and sew (i.e., purchasing fabric and cutting and sewing to make a garment) and (2) the manufacture of garments in companies that first knit fabric and then cut and sew the fabric into a garment. The Apparel Manufacturing subsector includes a diverse range of companies manufacturing full lines of ready-to-wear apparel and custom apparel: apparel contractors, performing cutting or sewing operations on materials owned by others; jobbers performing entrepreneurial functions involved in apparel manufacture; and tailors, manufacturing custom garments for individual clients are all included. Knitting, when done alone, is classified in the Textile Mills subsector, but when knitting is combined with the production of complete garments, the activity is classified in Apparel Manufacturing.
This report is based on extensive business surveys and econometrics. Professionals utilize this report for market sizing, benchmarking, strategic planning, due diligence, valuations, cost-cutting, planning, understanding industry dynamics, evaluating opportunities, forecasting, streamlining, gap analysis, and other analyses.
Review the table of contents to see the data-rich insights, which leaders have come to depend on for their research, strategic, and benchmarking needs.
Below are a few of the hundreds of stats from the 2020 Apparel Manufacturing Industry Market Research Report:
INDUSTRY SIZE In 2019, industry sales were $10 billion Purchase now for historical and forecasted market size
INDUSTRY GROWTH Over the past 3 years, the industry has declined at an annual rate of -1.6% Purchase now for historical, annual and forecasted growth rates
COMPANY GROWTH There are 5,475 companies in the industry Learn more about the historical and forecasted industry composition
SALES PER COMPANY In 2019, the average sales per company was $1.8 million Purchase now for historical and forecasted sales per company
INFLATION & PRICING 2020 forecasted inflation is 1.9% Purchase now for historical industry inflation and the 5-year forecast
FINANCIAL RATIO BENCHMARKS Companies average a Fixed Asset Turnover ratio of 3.8 Benchmark nine other important financial ratios
RIGHTSIZING ANALYSIS Employee productivity is $118,804 Purchase now for historical and forecasted employee productivity
EXPENSE BENCHMARKING 2.3% of expenses are spent on health insurance Benchmark against 24 other expense categories
OPERATING EXPENSES In 2019, industry operating expenses declined -0.7% Purchase now for historical and forecasted OPEX
PAYROLL In 2019, payroll per employee was $30,490 Get the full picture with historicals and the 2020 and 5-year forecasts
PAYROLL BY STATE California averages $25,988 in payroll per employee Purchase now for payroll stats on other states
JOB CATEGORIZATION BENCHMARKS 4.2% of employees in the industry are in management positions Benchmark against 13 other job categories
JOB CATEGORIZATION PAY RANGES The average industry hourly pay for office and administrative jobs is $17.91 Purchase now for the bottom 10%, 25%, average, top 75% and 90% pay ranges in 14 job categories
The above highlights represent a small fraction of what you will find in this report.
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