Demand for apparel is relatively income elastic because clothes are durable goods. Particuarly for adults, clothes can last for many years because sizes do not change regularly. Consequently, demand for apparel is highly dependent on disposable income and the overall economic well being of the region in consideration. Additionally, over the past decade, there has been an increase in fast fashion, with people opting to buy more garments at lower prices.
Operators in the Global Apparel Manufacturing industry make men's, women's and children's apparel. The industry includes manufacturers that purchase fabrics and those that manufacture fabrics themselves and have fixed operational facilities. Manufacturing of leather and plastic apparel is not covered by this report.
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.