Apparel Knitting Mills in the US
Revenue for the Apparel Knitting Mills industry has declined slightly over the past five years. The decline in revenue is in line with the industry as a whole, which has been contracting for the last decade as more clothing manufacturing is done in low-cost countries abroad. Per capita disposable income growth over the past five years has helped offset further loses for the industry. In line with declining revenue due to lower production levels, margins for industry operators have also declined during the five-year period as companies fighting for business undercuts bargaining power. Industry revenue is expected to decline over the five years to 2021. Despite stable labor markets and continued growth in disposable income, a rising trade-weighted index will stifle industry revenue.
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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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