Clothing Alteration Services
The Clothing Alteration Services industry has grown in line with overall economic improvement over the five years to 2018, although the industry is expected to increasingly contend with challenges in the coming years. Broader macroeconomic conditions relevant to this industry have improved significantly during the period, 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. Despite this offset in demand, industry revenue is expected to increase over the five years to 2018. Industry revenue is anticipated to continue increasing over the five years to 2023, albeit at a slower place; this is primarily due to rising external competition and the growing fashion trend of replacing rather than altering garments.
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.
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