2025 Apparel Manufacturing Industry Report

Industry Overview

Industries in the Apparel Manufacturing subsector group establishments with two distinct manufacturing processes: (1) cut and sew (i.e., purchasing fabric and cutting and sewing to make a garment) and (2) the manufacture of garments in establishments that first knit fabric and then cut and sew the fabric into a garment. The Apparel Manufacturing subsector includes a diverse range of establishments manufacturing full lines of ready-to-wear apparel and custom apparel: apparel contractors, performing cutting or sewing operations on materials owned by others; jobbers, performing entrepreneurial functions involved in apparel manufacturing; and tailors, manufacturing custom garments for individual clients. Knitting fabric, when done alone, is classified in the Textile Mills subsector, but when knitting is combined with the production of complete garments, the activity is classified in the Apparel Manufacturing subsector.
Source: US Census Bureau

Market Size and Industry Forecast

The Apparel Manufacturing industry report contains historical and forecasted statistics used by leading private equity firms and consultants. Market sizes from 2020 to 2030 reflect industry trends and growth patterns. Revenues include both public and private companies in the Apparel Manufacturing industry.

HistoricalForecasted
20202021202220232024202520262027202820292030
Market Size (Total Revenue)

% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company
Source: U.S. government financial data

Industry Revenue ($ Billions)

Industry Market Size
  • 2018
  • 2019
  • 2020
  • 2021
  • 2022
  • 2023
  • 2024


Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.

Geographic Breakdown by U.S. State

Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Apparel Manufacturing companies in the United States.

Apparel Manufacturing Revenue by State

Market Size by State

Distribution by Company Size

Company SizeAll IndustriesApparel Manufacturing
Small Business (< 5 Employees)

Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Apparel Manufacturing Industry Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:
The report includes a traditional income statement from an "average" company (both public and private companies included).

Industry AveragePercent of Sales
Total Revenue

Operating Revenue
Cost of Goods Sold (COGS)
Gross Profit
Operating Expenses
Operating Income
Non-Operating Income
Earnings Before Interest and Taxes (EBIT)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit


Average Income Statement

Average Income Statement

Cost of Goods Sold

Salaries, Wages, and Benefits

Rent

Advertising

Depreciation and Amortization

Officer Compensation

Net Income


Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial RatioIndustry Average
Profitability Ratios

Profit Margin
ROE
ROA
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Apparel Manufacturing Industry Compensation and Salary Surveys

TitlePercent of WorkforceBottom QuartileAverage (Median) SalaryUpper Quartile
Management Occupations5%

Chief Executives0%
General and Operations Managers2%
Office and Administrative Support Occupations12%
Installation, Maintenance, and Repair Occupations9%
Other Installation, Maintenance, and Repair Occupations9%
Industrial Machinery Installation, Repair, and Maintenance Workers8%
Production Occupations66%
Textile, Apparel, and Furnishings Workers53%
Sewing Machine Operators41%
Sewing Machine Operators41%
Textile Machine Setters, Operators, and Tenders5%
Textile Cutting Machine Setters, Operators, and Tenders6%
Textile Knitting and Weaving Machine Setters, Operators, and Tenders27%
Miscellaneous Textile, Apparel, and Furnishings Workers5%
Other Production Occupations8%
Inspectors, Testers, Sorters, Samplers, and Weighers7%
Inspectors, Testers, Sorters, Samplers, and Weighers7%
Transportation and Material Moving Occupations10%
Material Moving Workers9%
Packers and Packagers, Hand6%

Government Contracts

The federal government spent an annual total of $581,950,599 on the apparel manufacturing industry. It has awarded 9,620 contracts to 999 companies, with an average value of $582,533 per company.

Top Companies in Apparel Manufacturing and Adjacent Industries

CompanyAddressRevenue
($ Millions)



Report Objectives

For Private Equity Firms & Investors

  • Analyze unbiased statistics for the Apparel Manufacturing market
  • Review historical and forecasted growth trends
  • Benchmark companies against the industry average

For Business Executives

  • Develop a strategy based on concrete statistics
  • Identify opportunities based on market size and growth rates

For Startups

  • Get the information you need for the "Market Analysis" section of your business plan
  • Show market size in the U.S. and by state

For Venture Capital

  • Understand market opportunity and current size
  • Evaluate the market potential of a disruptive technology in the Apparel Manufacturing industry



Buy the Apparel Manufacturing Report
GeographyUnited States
Publication DateFebruary 2025
Report FormatPDF Download  PDF
Price
$995
Industry Report Contents
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