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Market Overview of Global Garment Manufacturing market:
According to our latest research, the global Garment Manufacturing market looks promising in the next 5 years. As of 2022, the global Garment Manufacturing market was estimated at USD 423559.76 million, and it's anticipated to reach USD 472630.0 million in 2028, with a CAGR of 1.84% during the forecast years.
Garment manufacturing involves the use of fabrics to produce apparel for men, women or children.
Technological advances in material sciences is stimulating the demand for smart fabrics.
Technological advances in material sciences and nano technology is stimulating the demand for smart fabrics. Smart fabrics have digital components such as sensors embedded in the fabric. They have the ability to interact with the individual and their environment, by tracking and communicating data about the individual and environment to other devices through sensors and conductive yarns. They are widely used in fashion, entertainment, medical, transportation, sports and fitness and military.
For instance, Ralph Lauren in 2014 launched technology enabled tennis shirts that monitored hear rate, breathing and stress levels among players.
Rising labor costs affect garment manufacturing
In order to distribute profits, manufacturers generally allocate processing links with low value-added rates and low profit shares to countries and regions with labor-intensive and low-paid wages. For example, Southeast Asian countries, but with the growth of the global economy, rising labor costs in Southeast Asian countries, insufficient power generation, shortage of infrastructure, and incomplete laws and land systems are all issues that constrain the development of apparel companies.
The use of sustainable materials will create opportunities for the market.
The growing awareness on the adverse effects of textile industry on environment is encouraging customers to opt for sustainable materials. Unlike natural materials, synthetic fibers take long time to decompose as they are made from petroleum products. Biological materials like spider silk are light and have tensile strength that are used in making garments. Some of the companies also started creating a decomposable synthetic version of spider silk.
For example, Spiber Inc., a Japanese biomaterials specialist, was the first to produce artificial spider silk. The company uses genetically modified E.coli to produce the silk proteins which are used to produce silk fibers. These materials will create opportunities for the market.
Region Overview:
China dominated the Garment Manufacturing market in 2022, with a market share of 47.82%.
Company Overview:
Shenzhou is one of the major players operating in the Garment Manufacturing market, holding a share of 0.72% in 2023.
Shenzhou
Shenzhou International Group Holdings Co., Ltd. and its subsidiaries are China's largest vertical integrated knitting manufacturers, which integrates four complete processes of weaving, dyeing, printing, cutting and sewing. Knitwear, including sportswear, casual wear, underwear, pajamas, etc.
Jihua Group Corporation Limited
Jihua Group Corporation Limited manufactures and distributes military light industrial products in China and internationally.
Segmentation Overview:
By type, Trousers segment accounted for the largest share of market in 2022.
Application Overview:
By application, the Women segment occupied the biggest share from 2018 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Garment Manufacturing market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Garment Manufacturing Market Report:
Market Size Estimates: Garment Manufacturing market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Garment Manufacturing market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Garment Manufacturing market
Segment Market Analysis: Garment Manufacturing market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Garment Manufacturing market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Garment Manufacturing Market: Revenue and sales volume of major countries in each region
Garment Manufacturing Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Garment Manufacturing market in major regions.
Garment Manufacturing Industry Value Chain: Garment Manufacturing market raw materials & suppliers, manufacturing process, distributors, downstream customers
Garment Manufacturing Industry News, Policies & Regulations
Key players in the global Garment Manufacturing market are covered in Chapter 12:
Arvind Mill
Jihua Group
Pt. Multi Garmenjaya
Sritex
PT Dan Liris
Raymond Ltd
Mandhana Industries LTD
Shenzhou
Loyal Textiles Mills Ltd
Busana Apparel Group
Anta Sports
Youngor Group
In Chapter 2 and Chapter 15.1, based on types, the Garment Manufacturing market from 2018 to 2028 is primarily split into:
Blouses and Shirt-Blouses
Jackets and Blazers
Jerseys and Pullovers
Parkas
Skirts and Divided Skirts
Sarongs
Bib and Brace Overalls
Trousers
Other
In Chapter 3 and Chapter 15.2, based on applications, the Garment Manufacturing market from 2018 to 2028 covers:
Men
Women
Children
Other
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Garment Manufacturing market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028