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Current State of the Industry | ||
Market Size (industry trends) | ||
Market Forecast (5-year projection) | ||
Products/Services Breakdown | ||
Revenue per State | ||
Financial Metrics | ||
Salary & Compensation Statistics | ||
Public Company Information | ||
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2024 U.S. Industry Statistics & Market Forecast - Cut and Sew Apparel Contractors
Market Size & Industry Statistics
The total U.S. industry market size for Cut and Sew Apparel Contractors:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
Statistics | 2019 2020 2021 2022 2023 | |
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Market Size (Total Sales/Revenue) |
Order at top of page | |
Total Firms | ||
Total Employees | ||
Average Revenue Per Firm | ||
Average Employees Per Firm | ||
Average Revenue Per Employee |
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 | |
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Market Forecast ($ millions) | ||||||
Projected Industry Growth Rate (%) |
Industry Insights
The Cut & Sew Apparel Contractors industry has experienced a variety of trends over the past few years. One of the primary trends affecting the industry is the increased focus on sustainable and eco-friendly practices. Customers are becoming increasingly conscious of the environmental impact of their clothing and are seeking out brands that prioritize sustainability in their production processes.Another trend affecting the industry is the rise of technology. Automation and robotics are being used in manufacturing processes to increase efficiency and reduce costs. This technology also allows for customization and personalization of garments, allowing companies to meet the individual needs of their customers.
The industry is also seeing a shift towards on-demand production, as consumers demand faster delivery times and more flexible purchasing options. This trend is being driven in part by the rise of e-commerce and the increasing use of online shopping platforms.
In response to these trends, many Cut & Sew Apparel Contractors are adopting new business models, including direct-to-consumer sales and partnerships with e-commerce platforms. They are also investing in technology and automation to streamline their processes and increase efficiency.
Finally, the industry is grappling with the impact of the Covid-19 pandemic, which has dramatically altered consumer behavior and disrupted supply chains. Companies are adapting to this new reality by investing in e-commerce, rethinking their supply chains, and implementing new safety measures to protect their workers.
U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.Industry Average | Percent of Sales (Industry Benchmark) | |
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Total Revenue | Order at top of page |
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Operating Revenue | ||
Cost of Goods Sold | ||
Gross Profit | ||
Operating Expenses | ||
Pension, profit sharing plans, stock, annuity | ||
Repairs | ||
Rent paid on business property | ||
Charitable Contributions | ||
Depletion | ||
Domestic production activities deduction | ||
Advertising | ||
Compensation of officers | ||
Salaries and wages | ||
Employee benefit programs | ||
Taxes and Licenses | ||
Bad Debts | ||
Depreciation | ||
Amortization | ||
Other Operating Expenses | ||
Total Operating Expenses | ||
Operating Income | ||
Non-Operating Income | ||
EBIT (Earnings Before Interest and Taxes) | ||
Interest Expense | ||
Earnings Before Taxes | ||
Income Tax | ||
Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Cut and Sew Apparel Contractors company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.Profitability & Valuation Ratios | Industry Average |
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Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Cut and Sew Apparel Contractors industry is performing. | |
Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Cut and Sew Apparel Contractors measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
Liquidity Ratios | Industry Average |
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Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
Efficiency Ratios - Key Performance Indicators | Industry Average |
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Measure how quickly products and services sell, and effectively collections policies are implemented. | |
Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
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Management Occupations | 6% | Order at top of page |
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Chief Executives | 0% | |||
General and Operations Managers | 3% | |||
Arts, Design, Entertainment, Sports, and Media Occupations | 6% | |||
Art and Design Workers | 6% | |||
Designers | 5% | |||
Sales and Related Occupations | 7% | |||
Office and Administrative Support Occupations | 13% | |||
Production Occupations | 55% | |||
Textile, Apparel, and Furnishings Workers | 45% | |||
Sewing Machine Operators | 36% | |||
Sewing Machine Operators | 36% | |||
Other Production Occupations | 5% | |||
Transportation and Material Moving Occupations | 7% | |||
Material Moving Workers | 6% | |||
Laborers and Material Movers | 6% |
Cut and Sew Apparel Contractors Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Cut and Sew Apparel Contractors industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Cut and Sew Apparel Contractors industry and adjacent sectors:Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Cut and Sew Apparel Contractors industry. |
Source:
Innovation News
- Jan 27, 2024: Varsity Spirit Fashions & Supplies trademarks "V" - Cosmetics; make-up; make-up removing preparations; antiperspirants and deodorants for personal use; facial cleansers; hair spray; Non-medicated skin care preparation
- Jan 25, 2024: Caerus trademarks "AVENUE8" - Medical apparatus; medical devices for treating pain; Orthopedic braces and supports
- Nov 21, 2023: J.a. Uniforms trademarks "JA UNIFORMS" - Wholesale and retail store services featuring uniforms; On-line wholesale and retail store services featuring uniforms
- Jun 15, 2023: Caerus patents Modular Thermal Monitoring
- Dec 05, 2019: Lifesaving Systems patents Quad Lock Release Device
- Oct 17, 2019: Lifesaving Systems patents Dynamic Rollout Prevention Hook
- May 07, 2018: Boardriders raises $158 million in funding.
- May 01, 2015: Bigtruck Brand raises $1 million in funding.
Recent Federal Contracts for Cut and Sew Apparel Contractors- Apr 01, 2024: US21 INC (Fairfax, VA) awarded $127,485
- Apr 01, 2024: BLIND INDUSTRIES AND SERVICES OF MARYLAND (Baltimore, MD) awarded $19,493
- Mar 27, 2024: NEW JERSEY HEADWEAR CORP (Newark, NJ) awarded $23,900
- Mar 25, 2024: HIGH VALLEY DESIGN, INC. (Poway, CA) awarded $244,000
- Mar 20, 2024: VETMEDS, INC (Miami, FL) awarded $37,612
- Mar 18, 2024: GOODWILL VISION ENTERPRISES, INC. (Rochester, NY) awarded $18,418
- Apr 01, 2024: US21 INC (Fairfax, VA) awarded $127,485
- Apr 01, 2024: BLIND INDUSTRIES AND SERVICES OF MARYLAND (Baltimore, MD) awarded $19,493
- Mar 27, 2024: NEW JERSEY HEADWEAR CORP (Newark, NJ) awarded $23,900
- Mar 25, 2024: HIGH VALLEY DESIGN, INC. (Poway, CA) awarded $244,000
- Mar 20, 2024: VETMEDS, INC (Miami, FL) awarded $37,612
- Mar 18, 2024: GOODWILL VISION ENTERPRISES, INC. (Rochester, NY) awarded $18,418
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