The past five years have been difficult for the British-based Clothing Manufacturing industry. Decline has been the overall trend, interspersed with patchy and unsustainable revenue growth. The economic downturn of 2008 seemed to be the final nail in the coffin for UK apparel manufacturers, which were already losing market share to low-cost foreign competitors. Economic problems squeezed household disposable income, making Britons more frugal and facilitating import penetration. Discretionary goods, like costly clothing, struggled in this environment. The luxury affiliation leveraged by many in the industry did more to hurt revenue than help it.
Firms in this industry manufacture outerwear from a wide range of materials. Products include ready-to-wear and made-to-measure clothing, workwear, and casual and formal apparel. Underwear and hosiery manufacturing is also 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.