First Research US Industry Profile

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Apparel Accessories Manufacturing
SIC Codes: 2323, 2339, 2353, 2381, 2385, 2387, 2389, 3151
NAICS Codes: 31599
Last Quarterly Update: 4/18/2022
Companies in this industry manufacture apparel accessories such as hats, gloves, scarves, neckties, and belts. Major companies include BIOWORLD, Bollman Hat Company, New Era Cap, and Randa Accessories (all based in the US), as well as Hermes (France), Mainland Headwear (Hong Kong), and Mulberry Group plc (the UK).
The global e-commerce fashion industry has a market value of about $760 billion in 2021, and is expected to reach about $1.2 trillion by 2025 at a 9.1% compound annual growth rate (CAGR), according to Statista. China is the top country for apparel accessory sales.
The US apparel accessories manufacturing industry includes about 580 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $1 billion.
Competitive Landscape
Demand is determined by consumer tastes and the level of consumers' discretionary income. The profitability of companies depends in part on effectively controlling the costs of manufacturing, both in the US and internationally. Smaller companies can compete effectively by specializing. The US industry is concentrated: the top 50 companies account for about 70% of sales.
Imports account for about 90% of the US market. The largest suppliers to the US are China, Mexico, Italy, Vietnam, and Bangladesh. Major export markets for US apparel accessories manufacturers include Canada, Mexico, Japan, the UK, and Australia. Exports account for about 35% of US production.
Products, Operations & Technology
Major products include hats, which account for about 35% of apparel accessories manufacturing sales; men's ties and other neckwear, about 5% of sales; ... plus:
Sales & Marketing
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Finance & Regulation
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Regional & International Issues
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Human Resources
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Quarterly Industry Update
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Industry Indicators
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Business Challenges
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Trends and Opportunities
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Call Preparation Questions
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Financial Information
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Industry Forecast
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Industry Websites
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Glossary of Acronyms

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