Commercial Embroidery Services in the US - Industry Market Research Report
Description
Commercial Embroidery Services in the US
Through some of the past five years, falling unemployment and rising per capita disposable income benefited commercial embroidery servicers. While the decade-long trend of large multifunctional apparel companies integrating embellishment processes into their operations poses a threat to operators, stable underlying demand from commercial buyers in need of providing embroidered uniforms to an increasing number of employees initially kept operators' revenue steady. However, this core market, coupled with downstream buyers which include the administrative and hospitality sectors, endured a sharp fall in demand in 2020 due to COVID-19, significantly hampering core revenue channels and demand streams for operators' services. Over the past five years, industry revenue has been falling at a CAGR of 2.8% and is expected to reach $1.1 billion in 2023. This includes an estimated 0.1% slip in 2023 alone. The significant pullback in demand from apparel manufacturing also affected profit, which is anticipated to fall to 3.7% of revenue in 2023.
Operators 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.
Through some of the past five years, falling unemployment and rising per capita disposable income benefited commercial embroidery servicers. While the decade-long trend of large multifunctional apparel companies integrating embellishment processes into their operations poses a threat to operators, stable underlying demand from commercial buyers in need of providing embroidered uniforms to an increasing number of employees initially kept operators' revenue steady. However, this core market, coupled with downstream buyers which include the administrative and hospitality sectors, endured a sharp fall in demand in 2020 due to COVID-19, significantly hampering core revenue channels and demand streams for operators' services. Over the past five years, industry revenue has been falling at a CAGR of 2.8% and is expected to reach $1.1 billion in 2023. This includes an estimated 0.1% slip in 2023 alone. The significant pullback in demand from apparel manufacturing also affected profit, which is anticipated to fall to 3.7% of revenue in 2023.
Operators 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.
Table of Contents
35 Pages
- ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
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