Trends in global apparel manufacturing

UK: Trends in global apparel manufacturing - report

Author: just-style.com | 23 September 2008

Revenues in the global apparel manufacturing industry are expected to grow by around 3.5% a year over the next five years according to new research, with demand boosted by a rising population with more disposable income.

The 'Global Apparel Manufacturing' report from IBISWorld also forecasts a continuation of the trend for Chinese firms to set up their own brand names and open stores in foreign markets.

And it says that given the competitive strength of China, the success of other low-cost source countries depends on their ability to develop an advantage in single product categories.

There is also good news for producers in Europe and the US, who should see a rise in niche exports to India and China, driven by increasing demand for high quality apparel from their growing affluent and middle classes.

US and EU manufacturing firms may also find new opportunities to build their businesses by developing high-end products like tailored women's suits and jackets, the report says.

Expert analysis

Global Apparel Manufacturing (download)

The IBISWorld Global Apparel Manufacturing industry report refers to the activity of manufacturing men's, women's, and children's cut and sew apparel, with fabrics being the primary raw material. The industry includes manufacturers that purchase fabrics and those that manufacture fabrics themselves and have fixed operational facilities. Manufacturing of leather, plastic or balata apparel is not covered by this report.

Sectors: Apparel, Manufacturing, Sourcing