$254.6m
$XX.Xm
1,235
107
$XX.Xm
The Men's and Boys' Wear Manufacturing industry has grappled with harsh trading conditions owing to fierce import competition. Factors like low overseas wage costs, and tariff removals for importers under free trade agreements, have magnified import competition and led to imported apparel's dominance in the domestic market. Fluctuating consumer sentiment has hindered demand from department stores and clothing retailers, leading to a downturn in revenue. However, the industry is fighting back by transitioning towards producing high-margin, specialised garments, slowing revenue declines. Rising household disposable income has boosted consumers' purchasing power, prompting them to spend on premium men's and boys' wear to the benefit of manufacturers' profit margins. Nonetheless, revenue contracted at an estimated annualised 4.0% over the past five years, to total $254.6 million in 2023-24. This includes an anticipated 2.8% drop in 2023-24, with a strengthening Australian dollar boosting import competition and undermining exports.Fierce international competition has diminished industry demand, triggering industry enterprise numbers to decline. Employment rates and wages have fallen in line with industry participation. COVID-19 lockdown measures and business closures have stunted shopping activity and hindered industry demand. Online retailers, however, managed to elevate demand through strong online consumer bases, an impact that was positively received upstream by manufacturers. Yet, import markets have met a majority of this demand. Many industry manufacturers, enticed by lower operating costs in parts of Asia, have shifted production offshore to boost profit margins. The remaining manufacturers have focused on producing high-quality apparel to compete with these low-cost imports.Revenue is forecast to grow at an annualised 0.5% through the end of 2028-29, to $260.9 million. This growth stems from an ongoing emphasis on manufacturing premium, high-end apparel, which will also help boost industry profitability. With the rise of online shopping, boutique manufacturers which target niche markets with higher value-added products will benefit. But as supply chains recover, imports are set to constitute a more significant share of domestic demand. A stronger Australian dollar will add to import competition.
Industry revenue has declined at a CAGR of 4.0 % over the past five years, to reach an estimated $254.6m in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
RM Williams | 12.7 |
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Industry revenue is measured across several distinct product and services lines, including Suits, Cardigans, jumpers and coats and Trousers and jeans. Suits is the largest segment of the Men's and Boys' Wear Manufacturing in Australia.
Shirts and t-shirts contribute significantly to the industry's income
The industry includes companies that manufacture men’s and boys’ apparel from purchased materials. Industry players purchase fabrics and materials from textile producers; these fabrics are then cut and sewn to produce men’s and boys’ clothing items, which retail and wholesale firms purchase for resale to consumers. Clothing items like headwear, footwear and leather garments are not included in the industry.
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ANZSIC 1351 - Men's and Boys' Wear Manufacturing in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Fierce overseas competition coupled with trade liberalisation has piled pressure on domestic manufacturers. While Australian producers are meeting this challenge with premium...
Learn about an industry's products and services, markets and trends in international trade.
The industry produces various goods, from jeans and trousers to suits and jumpers. Due to stiff price competition from Asia, manufacturers are focussing on high-quality, nich...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Most men’s and boys’ manufacturers are located near critical markets like designers, wholesalers and retailers. This proximity reduces manufacturers’ transport costs and enab...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Shifting fashion trends are boosting demand for casual men’s and boys’ apparel, prompting manufacturers to compete based on product design, materials and brand reputation. Th...
Learn about the performance of the top companies in the industry.
Industry heavyweights have been losing grip, with none commanding more than 5% market share. Many have strategically shifted towards boutique niche brands as offshore bulk ma...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The Australian Men’s and Boys’ Wear Manufacturing industry faces light regulation, centred primarily around worker protection and product safety. Changing laws, like those en...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
The Men’s and Boys’ Wear Manufacturing industry comprises mainly small-scale manufacturers with similar cost structures, suggesting no domination by any single company. So, t...
Including values and annual change:
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Key data sources in Australia include:
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The market size of the Men's and Boys' Wear Manufacturing industry in Australia is $254.6m in 2024.
There are 107 businesses in the Men's and Boys' Wear Manufacturing industry in Australia, which has declined at a CAGR of 3.8 % between 2018 and 2023.
The market size of the Men's and Boys' Wear Manufacturing industry in Australia has been declining at a CAGR of 4.0 % between 2018 and 2023.
Over the next five years, the Men's and Boys' Wear Manufacturing industry in Australia is expected to grow.
The biggest company operating in the Men's and Boys' Wear Manufacturing market in Australia is RM Williams
Suits and Cardigans, jumpers and coats are part of the Men's and Boys' Wear Manufacturing industry.
The company holding the most market share in Australia is RM Williams.
The level of competition is moderate and increasing in the Men's and Boys' Wear Manufacturing industry in Australia.