Overview

Unravelling: The popularity of low-cost imports will continue shrinking industry revenue

The Tailoring and Clothing Accessories Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth
2012 - 2017
-4.2%
Annual Growth
2017 - 2022
Profit
Employment
10,209
Business
2,188

Industry Threats & Opportunities

  • The industry's competitive advantage lies in producing higher quality, niche market goods
  • Unstable financial markets and economic uncertainty have created challenging operating conditions
  • Export growth is projected to be limited by rising production quality and volumes in other countries

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    Industry Analysis & Industry Trends

    The industry has faced a challenging environment over the past five years as key downstream retail market conditions have softened. In addition, rising import competition from low-cost producers in countries such as China has reduced industry revenue, as local manufacturers have struggled to compete. Volatile consumer sentiment and subdued discretionary spending have prompted key markets such as department stores, clothing retailers and wholesalers to reduce inventory and therefore industry demand. As a result, industry revenue is expected to decline at a compound annual rate of 4.2% over the five years through 2016-17.

    Conditions are expected to continue deteriorating in 2016-17, with revenue falling by 8.4% to $1.6 billion. The tariff rate on clothing was reduced from 10.0%...

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    Industry Report - Industry Key Buyers Chapter

    The industry is characterised by very low market share concentration, with no major players active in the industry. The largest companies that operate specialise in the production of leather goods, which are still a viable business in Australia. The industry continues to decline and enterprises continue to leave the industry as profit margins remain low. The industry faces extensive competition from international competitors, particularly those in China. Over the next five years, market share concentration is not expected to change significantly. The industry is undergoing a structural change in which manufacturing will be based on the production of high-end goods for niche markets.

    ..

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    Additional Insights for the Tailoring and Clothing Accessories Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Tailoring and Clothing Accessories Manufacturing Industry are

  • Access to highly skilled workforce
  • Having a large supply contract
  • Degree of globalisation in the firm
  • IBISWorld analysts also discuss how external factors such as Demand from clothing retailing and Demand from department stores in the Tailoring and Clothing Accessories Manufacturing industry impact industry performance..

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    Industry Products

    What is the Tailoring and Clothing Accessories Manufacturing Industry?

    Companies in this industry primarily manufacture headwear, fur or leather clothing, swimwear, gloves and other clothing accessories. The industry also includes operators that provide clothing trade services such as hem stitching, basque knitting and buttonholing.

    Industry Products
    Hats and other headwear
    Clothing accessories
    Swimwear
    Fur and leather clothing
    Tailoring services
    Industry Activities
    Fur and leather clothing
    Plastic or rubber clothing
    Handkerchief
    Hat, cap, helmet and other headwear
    Swimwear
    Belt, tie and shoelaces
    Glove (except rubber and sports)
    Clothing accessory
    Providing tailoring services

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Demand from clothing retailing
  • Demand from department stores
  • Real household disposable income
  • Import duties on apparel manufacturing
  • Trade-weighted index

  • Current Performance
  • Chart: Revenue Growth

  • Industry Outlook
  • Table: Tailoring and Clothing Accessories Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Tailoring and Clothing Accessories Manufacturing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Clothing Wholesaling
  • Department Stores
  • Clothing Retailing
  • Supermarkets and Grocery Stores

  • Key Selling Industries
  • Synthetic and Natural Textile Manufacturing

  • Products & Services
  • Clothing accessories
  • Hats and other headwear
  • Swimwear
  • Fur and leather clothing
  • Tailoring services
  • Chart: Tailoring and Clothing Accessories Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Department stores
  • Clothing wholesalers
  • Clothing retailers
  • Specialised industries
  • Export markets
  • Chart: Major Market Segmentation for the Tailoring and Clothing Accessories Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Tailoring and Clothing Accessories Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Tailoring and Clothing Accessories Manufacturing Industry

  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Tailoring and Clothing Accessories Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Tailoring and Clothing Accessories Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Basque
  • An item of women's clothing, typically a bodice of a contoured fit extending past the waistline over the hips.
  • Buttonholing
  • The method of sewing with buttonhole stitch.
  • Computer Aided Design (Cad)
  • Software that enables clothing manufacturers to create product designs and improve item quality.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Tailoring and Clothing Accessories Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Tailoring and Clothing Accessories Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Tailoring and Clothing Accessories Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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