The industry has faced challenging conditions over the past five years as key downstream retail market conditions have softened. In addition, rising import competition from low-cost producers in countries such as China has resulted in declining industry revenue as local manufacturers have struggled to compete. Low consumer sentiment and subdued discretionary spending have resulted in key markets such as department stores, clothing retailers and wholesalers reducing inventory levels and therefore industry demand. As a result, industry revenue is expected to decline by a compound annual rate of 5.7% over the five years through 2014-15.
Companies in this industry are primarily engaged in manufacturing headwear, fur or leather clothing, swimwear, gloves and other clothing accessories. The industry also includes operators that provide clothing trade services such as hem stitching, basque knitting and buttonholing.
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.