|Standard Report||Premium Report|
|Current State of the Industry|
|Market Size (industry trends)|
|Market Forecast (5-year projection)|
|Revenue per State|
|Salary & Compensation Statistics|
|Public Company Information|
|Key Private Companies|
|Instant Download - Available immediately upon purchase|
|Download both PDF and Excel
2023 U.S. Industry Statistics & Market Forecast - Cut & Sew Apparel Manufacturing
Market Size & Industry Statistics
The total U.S. industry market size for Cut & Sew Apparel Manufacturing:
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||2017 2018 2019 2020 2021 2022|
Order at top of page
|Average Revenue Per Firm|
|Average Employees Per Firm|
|Average Revenue Per Employee|
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year / six-year demand forecast projects both short-term and long-term trends.
|Forecast / Industry Outlook||2023||2024||2025||2026||2027||2028|
|Market Forecast ($ millions)|
|Projected Industry Growth Rate (%)|
Industry InsightsThe Cut & Sew Apparel Manufacturing industry has undergone significant changes in recent years in response to shifting consumer demands and technological advancements. Below are key trends affecting this industry:
1. Sustainability: Consumers increasingly demand sustainably-produced clothing, driving many companies towards eco-friendly manufacturing processes and materials.
2. Automation: Automation is increasingly employed in the cut and sew apparel manufacturing process, with specialized machines and computer-aided design systems making the process faster, more efficient, and more cost-effective.
3. Customization: With the rise of e-commerce, many retailers are offering customizable clothing and accessories, allowing consumers to design their own products and have them produced on demand.
4. E-commerce: Online retail is transforming the cut and sew apparel industry, with many manufacturers selling directly to consumers through their own e-commerce channels or through online marketplaces such as Amazon or Etsy.
5. Fast fashion: Consumers are increasingly demanding trendier, more affordable clothing, leading to the rise of fast fashion. These retailers rely on quick turnaround times, low costs, and high volume production.
6. International trade: The cut and sew apparel manufacturing industry is heavily reliant on international trade, with many manufacturers outsourcing production to countries with low labor costs, such as China, Bangladesh, and Vietnam.
Overall, the cut and sew apparel manufacturing industry is rapidly evolving, with companies adapting to changing consumer demands and technological advancements to remain competitive in a highly globalized marketplace.
U.S. Geographic Distribution: Revenue Statistics by StateMarket 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|
Order at top of page
|Cost of Goods Sold|
|Pension, profit sharing plans, stock, annuity|
|Rent paid on business property|
|Domestic production activities deduction|
|Compensation of officers|
|Salaries and wages|
|Employee benefit programs|
|Taxes and Licenses|
|Other Operating Expenses|
|Total Operating Expenses|
|EBIT (Earnings Before Interest and Taxes)|
|Earnings Before Taxes|
Financial Ratio AnalysisFinancial ratio information can be used to benchmark how a Cut & Sew Apparel Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.
|Profitability & Valuation Ratios||Industry Average|
|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 & Sew Apparel Manufacturing industry is performing.|
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
|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).
|Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Cut & Sew Apparel Manufacturing 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|
|Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.|
Measures a firm's ability to pay its debts over the next 12 months.
|Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.
|Efficiency Ratios - Key Performance Indicators||Industry Average|
|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.
|Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
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 EmployeesCompensation 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|
Order at top of page
|General and Operations Managers||3%|
|Arts, Design, Entertainment, Sports, and Media Occupations||6%|
|Art and Design Workers||6%|
|Sales and Related Occupations||7%|
|Office and Administrative Support Occupations||13%|
|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 & Sew Apparel Manufacturing Competitor Landscape & Key Companies [PREMIUM]The most influential companies in the Cut & Sew Apparel Manufacturing 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 & Sew Apparel Manufacturing industry and adjacent sectors:
Companies with the largest market share, focused in this industry
|Market leaders: |
Largest companies that have diversified operations in this and other industries
Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Innovators and Disruptors in adjacent industries that may also affect the Cut & Sew Apparel Manufacturing industry.
Government ContractsIn 2022, the federal government spent a total of $1,647,380,318 on Cut & Sew Apparel Manufacturing. It has awarded 3551 contracts to 329 companies, with an average value of $5,007,235 per company.
|Most Recent Contracts||Date||Total Award Amount|
|CREIGHTON AB, INC. |
220 Settle St
|Jun 30, 2023||$59,506|