First Research US Industry Profile

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Men's Clothing Manufacturing
SIC Codes: 2311, 2321, 2322, 2325, 2326
NAICS Codes: 315220
Last Quarterly Update: 4/1/2019
Companies in this industry manufacture garments for men and boys made from purchased fabric and from fabric they produce themselves. Major companies include Hanesbrands, Levi Strauss, PVH, Ralph Lauren, VF Corporation (all based in the US), along with Hugo Boss (Germany) and Youngor Group (China).
Global revenue from men's apparel manufacturing is expected to increase more than 4% per year from 2016 to 2020, according to Technavio. Growth is fueled by online sales, and rising demand for luxury menswear and activewear. China is the world's largest apparel manufacturer and exporter. The European Union, the US, and Japan are the largest importers of apparel.
The US men's and boys' apparel manufacturing industry includes about 480 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $1.4 billion. The industry does not include apparel contractors that cut and sew materials owned by other companies. Men's clothing cut and sew contractors are covered in the Apparel Manufacturing profile.
Competitive Landscape
Demand is largely determined by consumer tastes and disposable income. The profitability of individual companies depends on efficient operations and the ability to secure contracts with clothing marketers. Small companies can compete effectively with large ones by specializing in a particular type of men's or boys' apparel manufacture. There are few economies of scale in manufacture, because of the high labor content of most apparel. The US industry is concentrated: the 50 largest companies generate about 80% of revenue.
Because of the lower costs to manufacture apparel abroad, the US imports more men's and boys' clothes than it makes domestically. Imports account for more than 95% of the US market. The largest suppliers to the US are China, Vietnam, Bangladesh, Mexico, and Honduras. Many manufacturers ship semi-finished apparel to other countries for sewing into final garments, which are then re-imported into the US. Major export markets for US men's and boys' apparel manufacturers include Canada and Mexico. Exports account for about 60% of US production.
Products, Operations & Technology
Major products include men's and boys' coats, formal wear, jackets, jeans, pajamas, pants and slacks, shirts, suits, sweaters, underwear, and uniforms ... plus:
Sales & Marketing
Finance & Regulation
Regional & International Issues
Human Resources
Also includes the following chapters:
Quarterly Industry Update
Industry Indicators
Business Challenges
Trends and Opportunities
Call Preparation Questions
Financial Information
Industry Forecast
Industry Websites
Glossary of Acronyms

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