This declining industry has significantly underperformed most other sectors of the economy, due to massive increases in competing imports from plant closures and downward pressure on pricing levels. In the next five years, operators will rely on new designs and niche markets to gain a competitive edge in the industry, and because most outsourcing has already occurred, future declines will be less drastic than those of the past five years.
Industry operators knit and manufacture underwear, outerwear, nightwear and knitting fabric. Firms knit the fabric and then manufacture apparel; knit apparel directly from yarns and fibers; or knit, manufacture and finish the industry's products. The products differ from cut and sew apparel products, which are generally manufactured from broadwoven fabrics purchased from textile mills.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.