Cut and Sew Apparel Manufacturing - 2022 U.S. Industry Market Research Report with COVID-19 Updates & Forecasts
The 2022 Cut and Sew Apparel Manufacturing Market Research Report is one of the most comprehensive and in-depth assessments of the industry in the United States with over 100 data sets covering 2013-2026. This report includes updated data and forecasts due to the economic impact of COVID-19.
This Kentley Insights report includes historical and forecasted industry size, growth, product line breakdown, profitability, financial ratios, plant utilization, BCG matrix, statistics by state, operating expense details, cost of materials and inventory, organizational breakdown, consolidation analysis, employee productivity, inflation, pay bands for the top 20 industry jobs, trend analysis and forecasts on companies, facilities, employees, payroll, and much more.
This industry group includes companies primarily engaged in manufacturing cut and sew apparel from woven fabric or purchased knit fabric. Included in this industry group is a diverse range of companies manufacturing full lines of ready-to-wear apparel and custom apparel: apparel contractors, performing cutting or sewing operations on materials owned by others; jobbers performing entrepreneurial functions involved in apparel manufacture; and tailors, manufacturing custom garments for individual clients. companies weaving or knitting fabric, without manufacturing apparel, are classified in Subsector 313, Textile Mills.
This 37-page report is based on extensive business surveys filled out by companies in the industry. Analysts create the forecasts utilizing historical data, macroeconomic trends, industry dynamics, and econometrics. Professionals utilize this report for market sizing, benchmarking, strategic planning, due diligence, valuations, cost-cutting, planning, understanding industry dynamics, evaluating opportunities, forecasting, streamlining, gap analysis, and other analyses.
Review the table of contents to see the data-rich insights, which leaders have come to depend on for their research, strategic, and benchmarking needs.
Below are a few of the hundreds of stats from the 2022 Cut and Sew Apparel Manufacturing Market Research Report:
In 2020, industry sales were $7.6 billion
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Over the past 3 years, the industry has grown at an annual rate of 1.3%
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There are 4,687 companies in the industry
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SALES PER COMPANY
In 2020, the average sales per company was $1.6 million
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PPI & PRICING
2020 PPI growth was 0.5%
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FINANCIAL RATIO BENCHMARKS
Companies average a Fixed Asset Turnover ratio of 4.3
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In 2020, employee productivity was $117,575
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2.2% of expenses are spent on health insurance
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In 2020, industry operating expenses declined -2.8%
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In 2020, payroll per employee was $29,032
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PAYROLL BY STATE
California averages $24,872 in payroll per employee
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JOB CATEGORIZATION BENCHMARKS
5% of employees in the industry are in management positions
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JOB CATEGORIZATION PAY RANGES
The average industry hourly pay for office and administrative jobs is $20.22
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The above highlights represent a small fraction of what you will find in this report.
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