Clothing Alteration Services
The Clothing Alteration Services industry has rebounded quickly in line with overall economic improvement over the five-year period, although the industry is expected to face growing challenges in the coming years. Broader macroeconomic conditions relevant to this industry have improved significantly during this time, with unemployment rates declining steadily and per capita disposable income expected to increase. Unfortunately for industry operators, restored demand for clothing alteration services was progressively offset by unfavorable shifts in consumer preferences and mounting competition from other industries that provide identical services, both of which have hampered industry performance during the latter half of the period. The challenges faced by industry participants during the current five-year period are expected to intensify through the five years to 2022. In particular, fashion trends across the garment industry as a whole will increasingly encourage consumers to replace worn-out or poorly fitting garments by purchasing new ones rather than repairing or tailoring them.
This industry provides garment repair, tailoring and clothing alteration services, which involve cutting, sewing and reworking clothing items to customers’ specifications. The industry also provides care and maintenance to coats made from natural or faux leathers, suede and fur. Industry participants may also provide limited garment cleaning services, although these are technically included in the Dry Cleaners industry (IBISWorld report 81232).
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.