Tailoring and Clothing Accessories Manufacturing in Australia - Market Research Report (2014-2029)
Melbourne, Australia
Last Updated: February 2024
ANZSIC C1351dRevenue
$1.5bn
Past 5-Year Growth
Profit
$XXX.Xm
Employees
7,898
Businesses
2,065
Wages
$XXX.Xm
Tailoring and Clothing Accessories Manufacturing in Australia industry analysis
The Tailoring and Clothing Accessories Manufacturing industry has faced challenging operating conditions in recent years. Climbing import competition has put substantial pressure on local manufacturers, with a rising share of the domestic demand being met by imports. Countries like China and Bangladesh have a competitive advantage over local manufacturers because of lower labour costs. Likewise, volatile consumer sentiment has meant many consumers have become more price-conscious, shifting demand towards low-cost imports. Revenue is expected to tumble at an annualised 4.1% over the five years through 2023-24 to total $1.51 billion. This includes an anticipated 4.2% drop in 2023-24, owing to declines in clothing retail and department store demand and real household discretionary income.
Low wage costs overseas and reduced tariffs for many importers as part of free trade agreements have ramped up import competition for tailoring services and clothing accessories. Many manufacturers have either moved production offshore or exited entirely. The remaining manufacturers have attempted to compete by shifting focus to high-quality, niche goods that compete on quality rather than price. With purchase costs decreasing and operational efficiencies increasing, manufacturers have seen their profitability improve. Also, the pandemic exposed Australian companies to the shortcomings of sending manufacturing operations to low-cost locations, with some re-establishing domestic infrastructure. Supply chain disruptions enabled local manufacturers to fill supply gaps. Many shoppers preferred purchasing locally made products, supporting domestic demand and slowing revenue declines.
Trends and Insights
- Tailoring and Clothing Accessories Manufacturing industry is subject to substantial import penetration. As many international manufacturers benefit from lower operating costs, local manufacturers have sought to compete by offering high-quality, customised and unique items.
- Clothing accessories manufacturers produce various products, from gloves, ties and belts to hats, swimwear, fur and leather clothing. Manufacturers may also provide tailoring services. The marginal rise of low-cost imports has encouraged manufacturers to focus on niche segments.
- Manufacturers are located in areas where major markets have a strong presence. Manufacturers also benefit from situating near well-established transportation infrastructure to optimise supply chains.
- The number of prominent local clothing accessories manufacturers has taken a nosedive because of the growing penetration of low-cost imports from Asia. The remaining manufacturers have focused on producing high-end fashion for niche markets instead of competing with foreign rivals.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has declined at a CAGR of 4.1 % over the past five years, to reach an estimated $1.5bn in 2024.
Trends and Insights
Manufacturers have been capitalising on innovative and sustainable product designs
- Manufacturers face intense competition from imported goods and struggle to compete with imported products as they lack the necessary economies of scale to compete with foreign manufacturers. For this reason, many manufacturers have shifted towards producing high-quality, premium or specialty products.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Onshoring among some Australian companies will slow declines in participation
- Local manufacturers are expected to continue losing market share to low-cost imports, while fast fashion trends limit demand for tailoring services.
Biggest companies in the Tailoring and Clothing Accessories Manufacturing in Australia
| Company | Market Share (%)
2024 | Revenue ($m)
2024 |
|---|---|---|
Akubra Hats Pty Ltd | 15.1 | |
Driza-Bone | 13.6 | |
R.M. Williams Proprietary Limited | 13.6 |
To view the market share and analysis for all 3 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Hats and other headwear, Clothing accessories and Other clothing. Hats and other headwear is the largest segment of the Tailoring and Clothing Accessories Manufacturing in Australia.
Trends and Insights
Fashion trends and eco-friendly choices have carried demand for clothing accessories
- The clothing accessories segment includes ties, gloves, belts, shoelaces, handkerchiefs and reusable face masks.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Men's and Boys' Wear Manufacturing in Australia
- Women's and Girls' Wear Manufacturing in Australia
- Sleepwear, Underwear and Infant Clothing Manufacturing in Australia
Complementors
- Footwear Manufacturing in Australia
- Natural Rubber Product Manufacturing in Australia
- Toy and Sporting Goods Manufacturing in Australia
- Leather and Leather Substitute Product Manufacturing in Australia
International industries
- Global Apparel Manufacturing
- Men's & Boys' Apparel Manufacturing in the US
- Women’s, Girls’ and Infants’ Apparel Manufacturing in the US
- Men's & Boys' Apparel Manufacturing in Canada
- Women's, Girls' & Infants' Apparel Manufacturing in Canada
Table of Contents
About this industry
Industry definition
Manufacturers primarily produce headwear, fur or leather clothing, swimwear, gloves and other accessories. The industry also includes manufacturers that provide clothing services like hemstitching, basque knitting and buttonholing.
What's included in this industry?
Hats and other headwearClothing accessories Leather and fur clothingTailoring servicesSwimwearCompanies
Akubra Hats Pty LtdDriza-BoneR.M. Williams Proprietary LimitedPurchase this report to view all 3 major companies in this industry.
Related Terms
BASQUEBUTTONHOLINGCOMPUTER-AIDED DESIGN (CAD)Industry Code
ANZSIC 1351 - Tailoring and Clothing Accessories Manufacturing in Australia
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Tailoring and Clothing Accessories Manufacturing industry is subject to substantial import penetration. As many international manufacturers benefit from lower operating costs...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Clothing accessories manufacturers produce various products, from gloves, ties and belts to hats, swimwear, fur and leather clothing. Manufacturers may also provide tailoring...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Manufacturers are located in areas where major markets have a strong presence. Manufacturers also benefit from situating near well-established transportation infrastructure t...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
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.
Analyst insights
The number of prominent local clothing accessories manufacturers has taken a nosedive because of the growing penetration of low-cost imports from Asia. The remaining manufact...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
The Tailoring and Clothing Accessories Manufacturing industry has no major companies. Instead, the industry comprises multilayered product segments, limiting manufacturers' c...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Akubra Hats Pty Ltd's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Driza-Bone's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of R.M. Williams Proprietary Limited's performance by revenue, market share and profit margin from 2018 through 2024
Detailed analysis
- Description and key data for Akubra Hats Pty Ltd, and factors influencing its performance in the industry
- Description and key data for Driza-Bone, and factors influencing its performance in the industry
- Description and key data for R.M. Williams Proprietary Limited, and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The Tailoring and Clothing Accessories industry is subject to low regulation. Manufacturers are liable for essential health and safety regulations and must ensure care labels...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Cost structures vary among tailoring and clothing accessories manufacturers. Variations hinge on the size and location of operations and the price and type of products sold.
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Australia include:
- Australian Bureau of Statistics
- Australian Taxation Office
- Australian Securities & Investments Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Tailoring and Clothing Accessories Manufacturing industry in Australia in 2024?
The market size of the Tailoring and Clothing Accessories Manufacturing industry in Australia is $1.5bn in 2024.
How many businesses are there in the Tailoring and Clothing Accessories Manufacturing in Australia industry in 2024?
There are 2,065 businesses in the Tailoring and Clothing Accessories Manufacturing industry in Australia, which has declined at a CAGR of 0.4 % between 2019 and 2024.
Has the Tailoring and Clothing Accessories Manufacturing industry in Australia grown or declined over the past 5 years?
The market size of the Tailoring and Clothing Accessories Manufacturing industry in Australia has been declining at a CAGR of 4.1 % between 2019 and 2024.
What is the forecast growth of the Tailoring and Clothing Accessories Manufacturing industry in Australia over the next 5 years?
Over the next five years, the Tailoring and Clothing Accessories Manufacturing industry in Australia is expected to grow.
What are the biggest companies in the Tailoring and Clothing Accessories Manufacturing market in Australia?
The biggest companies operating in the Tailoring and Clothing Accessories Manufacturing market in Australia are Akubra Hats Pty Ltd, Driza-Bone and R.M. Williams Proprietary Limited
What does the Tailoring and Clothing Accessories Manufacturing in Australia include?
Hats and other headwear and Clothing accessories are part of the Tailoring and Clothing Accessories Manufacturing industry.
Which companies have the highest market share in the Tailoring and Clothing Accessories Manufacturing in Australia?
The company holding the most market share in Australia is Akubra Hats Pty Ltd.
How competitive is the Tailoring and Clothing Accessories Manufacturing industry in Australia?
The level of competition is high and increasing in the Tailoring and Clothing Accessories Manufacturing industry in Australia.
