Revenue for the Apparel Manufacturing industry is expected to grow by 4.8% to $280.1 billion in 2015, reflecting an annualized increase of 7.1% over the past five years. Exports are a strong contributor to industry growth; in 2015, exports are expected to increase 6.9% to $74.1 billion, representing 26.5% of industry revenue. Exports as a share of revenue peaked at 86.8% in 1998.
There are 19,150 enterprises operating in this industry in 2015, employing 4.47 million workers with an estimated payroll of $32.6 billion. The rising price of raw materials, as well as higher labor costs, have led to a decrease in profitability for industry operators in recent years.
The Apparel Manufacturing industry in China mainly comprises companies that manufacture men's, women's and children's cut and sewn apparel, with fabrics being the primary raw material. The industry includes manufacturers that purchase fabrics and those that manufacture fabrics themselves and have fixed operational facilities. The manufacturing of fur, leather or plastic is not included in this industry.
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.