Over the five years to 2018, falling unemployment levels and rising per capita disposable income have stimulated growth in the Commercial Embroidery Services industry. In addition to these improved economic conditions, demand from downstream buyers, which include the administrative and hospitality sectors, has increased. Industry revenue is anticipated to increase during the period. Industry players have experienced revenue gains over the current period, as improving economic conditions have caused unemployment in key downstream markets to soar. Additionally, with per capita disposable income on the rise, industry operators are benefiting from the growing popularity of customizable apparel products, mitigating the threat posed by a shrinking downstream domestic apparel market. Additionally, industry operators have increasingly specialized in higher value-added, premium embroidery services, increasing industry demand for higher-skilled labor. Despite their efforts, industry participants are expected to experience decelerated revenue growth over the five years to 2023.
Companies in this industry primarily provide embroidery services to clients. The embroidery process involves the use of a sewing machine that creates predetermined patterns on clothing and other textiles. These patterns can be designed using specialist software. Services are often sold to companies, teams and clubs for shirts, uniforms and other paraphernalia.
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.