Women's, Girls' and Infants' Apparel Manufacturing in the US - Market Research Report (2014-2029)
New York, United States
Last Updated: January 2024
NAICS 31524Revenue
$2.8bn
Past 5-Year Growth
Profit
$XX.Xm
Employees
13,655
Businesses
4,470
Wages
$XXX.Xm
Women's, Girls' and Infants' Apparel Manufacturing in the US industry analysis
The Women's, Girls' and Infants' Apparel Manufacturing industry is in a state of long-term decline, as low levels of domestic product innovation and a falling number of industry operators have caused revenue to decrease over the five years to 2022. Largely as a result of overwhelming import competition, industry revenue is expected to fall an annualized 7.6% to $2.8 billion over the five years to 2022 as apparel production is moved overseas to low-cost manufacturers. Labor costs are significantly lower in developing countries and automation for apparel manufacturing is somewhat limited. As a result, most companies have moved overseas and domestic operators satisfy a relatively small portion of total demand; in 2022, imports are expected to account for 97.0% of domestic demand. Furthermore, revenue declines accelerated as domestic demand and international trade was constricted due to the COVID-19 (coronavirus) pandemic. As a result, industry revenue is expected to slightly decrease 0.5% in 2022, as the industry returns to normal production following historic lows.High import competition and increasing price pressures from the downstream retail sector has historically constrained industry profit. However, over the past five years, many operators have opted to expand their presences while many others decided to leave the industry. As a result, the number of industry operators is estimated to fall at an annualized rate of 6.3% to 4,471 companies over the five years to 2022, as industry employment fell. Given the intense price-based competition from imports produced in developing countries where labor costs are substantially lower, domestic industry operators are also increasingly opting to compete on the basis of quality, shifting their product mix from low-cost apparel to premium clothing.The industry is anticipated to experience modest growth over the five years to 2027 following the lows of 2020, with anticipated growth of an annualized 1.2% to $3.0 billion, aided by pent-up demand from the pandemic. As US economic conditions improve as business reopen, IBISWorld expects domestic demand for industry products to increase, and exports to grow strongly. However, import substitutes will likely still capture the majority of demand. IBISWorld expects industry profit to remain relatively stable as the industry increases its focus on manufacturing high-end products that can be sold at higher prices.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has declined at a CAGR of 7.6 % over the past five years, to reach an estimated $2.8bn in 2024.
Trends and Insights
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Biggest companies in the Women's, Girls' and Infants' Apparel Manufacturing in the US
| Company | Market Share (%)
2022 | Revenue ($short_0)
2022 | Profit ($short_0)
2022 | Profit Margin (%)
2022 |
|---|
There are no companies that hold a large enough market share in the Women's, Girls' and Infants' Apparel Manufacturing in the US industry for IBISWorld to include in this product.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Blouses and shirts, Dresses and Shorts, pants and skirts. Blouses and shirts is the largest segment of the Women's, Girls' and Infants' Apparel Manufacturing in the US.
Trends and Insights
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Cut & Sew Apparel Contractors in the US
Complementors
- Men's & Boys' Apparel Manufacturing in the US
- Costume & Team Uniform Manufacturing in the US
International industries
- Global Apparel Manufacturing
- Women's, Girls' & Infants' Apparel Manufacturing in Canada
- Women's and Girls' Wear Manufacturing in Australia
- Sleepwear, Underwear and Infant Clothing Manufacturing in Australia
- Tailoring and Clothing Accessories Manufacturing in Australia
Table of Contents
About this industry
Industry definition
Industry operators manufacture blouses, shirts, skirts, dresses, pants, nightwear, suits, coats and other outerwear for women and girls. This industry includes women’s, girls’ and infants’ clothing jobbers who perform entrepreneurial functions involved in apparel manufacturing and complete tasks such as buying raw materials, designing and preparing samples and marketing finished apparel.
What's included in this industry?
Manufacturing women's and girls' undergarmentsManufacturing women's and girls' nightwearManufacturing women's and girls' blousesManufacturing women's and girls' dressesManufacturing women's and girls' suits, including tailored jackets and pantsManufacturing women's and girls' coatsManufacturing women's and girls' other outerwearManufacturing other women's and girls' apparel, including bathing suits and denimManufacturing infant wearCompanies
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Related Terms
DISCOUNT RETAILEROFFSHOREOUTSOURCEPREMIUM DENIMIndustry Code
NAICS 31524 - Women's, Girls' and Infants' Apparel Manufacturing in the US
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
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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
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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
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In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each state in 2024
- Number and share of revenue each state accounts for in 2024
- Number and share of wages each state accounts for in 2024
- Number and share of employees in each state in 2024
Detailed analysis
- Geographic spread of the industry across North America, 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
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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
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
Detailed analysis
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
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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
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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
- Industry Multiples (2017-2022)
- Industry Tax Structure (2017-2022)
- Income Statement (2017-2022)
- Balance Sheet (2017-2022)
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- 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 the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade 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
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What is the market size of the Women's, Girls' and Infants' Apparel Manufacturing in the US industry in United States in 2024?
The market size of the Women's, Girls' and Infants' Apparel Manufacturing in the US industry in United States is $2.8bn in 2024.
How many businesses are there in the Women's, Girls' and Infants' Apparel Manufacturing in the US industry in 2024?
There are 4,470 businesses in the Women's, Girls' and Infants' Apparel Manufacturing in the US industry in United States, which has declined at a CAGR of 6.3 % between 2019 and 2024.
Has the Women's, Girls' and Infants' Apparel Manufacturing in the US industry in United States grown or declined over the past 5 years?
The market size of the Women's, Girls' and Infants' Apparel Manufacturing in the US industry in United States has been declining at a CAGR of 7.6 % between 2019 and 2024.
What is the forecast growth of the Women's, Girls' and Infants' Apparel Manufacturing in the US industry in United States over the next 5 years?
Over the next five years, the Women's, Girls' and Infants' Apparel Manufacturing in the US industry in United States is expected to grow.
What does the Women's, Girls' and Infants' Apparel Manufacturing in the US in United States include?
Manufacturing women's and girls' undergarments and Manufacturing women's and girls' nightwear are part of the Women's, Girls' and Infants' Apparel Manufacturing in the US industry.
How competitive is the Women's, Girls' and Infants' Apparel Manufacturing in the US industry in United States?
The level of competition is high and steady in the Women's, Girls' and Infants' Apparel Manufacturing in the US industry in United States.
