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Apparel Manufacturing - 2023 U.S. Market Research Report with Updated Recession Risk Forecasts

Apparel Manufacturing - 2023 U.S. Market Research Report with Updated Recession Risk Forecasts

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Apparel Manufacturing - 2023 U.S. Market Research Report with Updated Recession Risk Forecasts
The 2023 Apparel Manufacturing Market Research Report is one of the most comprehensive and in-depth assessments of the industry in the United States with over 100 data sets covering 2014-2027.

This 63-page Kentley Insights report is packed with insightful data sets and forecasts to give you a comprehensive understanding of the industry including historical and forecasted industry size, growth, product line breakdown, profitability, financial ratios, 31 balance sheet benchmarks, inventory statistics, extensive industry segmentation by concentration, business size, and business structure, market share of top 50 company segments, market size and other statistics by state, plant utilization, BCG matrix, operating expense details on 26 categories, production material cost detail, organizational breakdown, consolidation analysis, employee productivity, inflation, pay bands for the top 20 industry jobs, trend analysis and forecasts on companies, facilities, employees, payroll, and much more.

This report is based on extensive business surveys filled out by companies in the industry. Our analysts create the forecasts utilizing historical data, macroeconomic trends, industry dynamics, and econometrics. Professionals utilize this report for market sizing, benchmarking, strategic planning, due diligence, valuations, cost-cutting, planning, understanding industry dynamics, evaluating opportunities, forecasting, streamlining, gap analysis, and other analyses.

Review the table of contents to see the data-rich insights which leaders depend on for their market research needs.

Industries in the Apparel Manufacturing subsector group companies 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 companies that first knit fabric and then cut and sew the fabric into a garment. The Apparel Manufacturing subsector includes a diverse range of companies 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 manufacture; and tailors, manufacturing custom garments for individual clients are all included. Knitting, 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 Apparel Manufacturing. 

Below are a few of the thousands of stats from the 2023 Apparel Manufacturing Market Research Report:


In 2022, industry sales were $10.1 billion
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Over the past 3 years, the industry has declined at an annual rate of -0.3%
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There are 5,393 companies in the industry
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In 2022, the average sales per facility was $1.8 million
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2022 PPI growth was 5%
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Companies average a Fixed Asset Turnover ratio of 6.1Benchmark nine other important financial ratios


In 2022, employee productivity was $119,298
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2.4% of expenses are spent on health insurance
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In 2022, industry operating expenses grew 6.7%
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In 2022, payroll per employee was $34,752
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6.2% of employees in the industry are in management positions
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The average industry hourly pay for office and administrative jobs is $21.29
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The above highlights represent a small fraction of what you will find in this report.

Purchase the 63-page 2023 U.S. Market Research Report on Apparel Manufacturing now to unlock the insight from one of the most trusted research firms.

NAICS code: 315

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