Apparel, Shoes and Textiles Industry Market Research

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Apparel, Shoes & Textiles OVERVIEW

Plunkett Research estimates the global retail clothing and footwear market at $2.31 trillion for 2023. This includes sales by ecommerce and other non-store retailing methods.

In America, during 2022, retail sales at clothing, shoes and accessories specialty stores in the U.S. totaled $312.3 billion, according to the Bureau of the Census. In addition, Plunkett Research estimates that 80% ($111.5 billion) of sales at department stores, as well as 60% ($41.4 billion) of sales at sporting goods stores were for apparel and shoes. Assuming that 25% ($186.7 billion) of the goods sold via e-commerce in America consist of apparel, shoes and accessories, this would put the total retail and online clothing, shoes and accessories market in America at $593.8 billion.

While Asia, particularly China, has enjoyed a dominant position in shoes, apparel and household textiles manufacturing for several years, makers of these items located in developed nations such as the U.S. and Canada have suffered a long period of decline. For example, roughly 98% of the shoes sold in America each year are imports, and the majority of these imports come from Asia. To consumers in Europe and North America, this growing reliance on Asia as a low-cost producer has meant very low retail prices for goods of reasonable quality.

However, recent increases in the cost of doing business in China have put Chinese manufacturers in a much less favorable position. Competition from manufacturing based in very low-cost nations in Africa, as well as Vietnam, Indonesia, Sri Lanka, Mauritius, Malaysia, Cambodia, Bangladesh, Pakistan, the Philippines and elsewhere, is intense, and a large portion of apparel manufacturing formerly done in China is moving to these areas at a rapid pace.

While China continues to have a robust apparel manufacturing industry, it is also moving up the industrial chain by fostering manufacturing that requires greater skills, better technology and more investment in advanced equipment. Industry segments that are rapidly evolving in China include InfoTech, automobiles, trains, aerospace, medical equipment and telecommunications gear.

China’s textile exports soared from $7.2 billion in 1990 to $146 billion in 2021, according to the World Trade Organization’s World Trade Statistical Review 2022 (the latest data available). The EU is a distant second in this category, at $73 billion in 2021 (up from only $2.1 billion in 1990). India also had strong textile exports for 2021, at $22.3 billion, including cotton and synthetics. (In addition, the country exported $16 billion in apparel.)

In terms of textile export/import global market share, China enjoyed a 41.4% share, up from 10.3% in 2000. The EU enjoyed a 20.9% share, down from 33.4% in 2000.

In many parts of China, apparel and textile manufacturers have had increasing difficulties in attracting and retaining workers in recent years. Wages have risen dramatically as a result. At the same time, as demand for employees has risen, workers have been calling for better working conditions. In fact, apparel and textile workers in many parts of the developing world are beginning to demand shorter hours and safer working environments. The collapse of a multi-story apparel factory in Bangladesh in 2013, killing more than 1,100 workers, immediately resulted in a global focus on workers’ rights and working conditions in the apparel manufacturing sector.

The apparel and textile manufacturing industry has historically been one with few barriers to entry, little capital investment needed and a high level of low-skilled labor involved—a few sewing machines, a bit of training and some dim electric lights were enough to start up a factory. When China’s wages were extremely low, the nation had a clear advantage in this industry, particularly in light of its tendency to cluster factories near shipping ports and logistics centers so that goods could be sent to customers with minimal delay. Today, however, Chinese wages are climbing rapidly as China’s urban workers have many options in terms of places and industries in which to work. Demand for workers is high, and they are able to expect much higher pay than those in less-developed nations. Wages for textile and apparel workers remain extremely low in countries with growing exports such as Bangladesh, Vietnam, Morocco, India and Vietnam.

Many Chinese firms are massive in size, with tightly integrated units providing rapid design, manufacturing and logistics. One of the most interesting organizations is the Esquel Group of Companies. Esquel (www.esquel.com) is one of the world’s largest producers of cotton shirts, with an output of more than 60 million garments each year. The firm’s vertically integrated operation starts in China where it oversees nearly 4,700 acres of cotton farms, which supply Esquel’s spinning, dyeing and knitting facilities, which in turn produce 90 million yards of high-quality cotton fabric annually.

Esquel has manufactured clothing on behalf of brands including Banana Republic, Tommy Hilfiger, Hugo Boss, Brooks Brothers, Abercrombie & Fitch, Nike, Nordstrom and Lands’ End, as well as private-label items for retailers such as Marks & Spencer. The Esquel companies transform their fabric into premium men’s and women’s wear at plants in China, Hong Kong, Malaysia, Mauritius, Sri Lanka and Vietnam. The company also sells its products through its proprietary brand, PYE, which markets high-end cotton apparel in China with a flagship luxury retail store in Beijing. Esquel maintains group sales offices in select locations around the world, including U.S. offices in New York City and regional locations convenient to key accounts. Unlike many textile companies, the firm has an expressed strategy of in-company resource development, seeking to ensure high standards of quality and consistency across all of its product lines.

Meanwhile, manufacturers outside of Asia have become both efficient and quick to react to consumer trends. The most notable company in this category is Spain’s Inditex. The firm is famous for its lean inventory and fast-fashion strategy. It can get a new item of clothing from its 300-person design team, through its manufacturing plants and into its thousands of stores in as little as two weeks. The company operates several manufacturing facilities in Spain. Many of its outside suppliers are located in Spain and elsewhere in Europe. The firm has been opening large numbers of new retail stores under the Zara, Pull & Bear, Massimo Dutti and Oyosho brands.

One of the more interesting recent developments in apparel manufacturing has been a certain amount of reshoring, which is the return of some of the business to plants based in the country where retail sales are made. Some designers and retailers find that their orders are not of sufficient size to interest major offshore plants, or their need for fast delivery makes it impossible to use overseas manufacturers. As U.S. firms are active in this trend, there is promising growth among many American manufacturers. Likewise, the need for extremely high quality is keeping some manufacturing of luxury apparel and accessories at home by Italian designers. As wages continue to rise in emerging nations, and overseas shipping time slows fast fashion, some portion of clothing manufacturing will continue to reshore. Growing productivity from better manufacturing technology will add to this trend, and this reshoring will not lead to high levels of new jobs. Instead, modest numbers of workers will be hired to run advanced factory computers and robots, as well as sewing machines.

During 2022, America exported $24.8 billion in textiles and apparel, and imported $132.1 billion. These numbers are from the U.S. International Trade Administration.

In the European Union (EU), the textile and apparel sector is quite large, particularly in Spain, where global leaders like Inditex have their headquarters, as well as in nations that enjoy lower operating costs, such as the Baltic States and Eastern European States. Nearby, the textile and apparel industry remains a major part of the economy of Turkey. South America, Central America and Africa also play minor roles in world apparel trade.

Globally, the World Trade Organization (WTO) reports that apparel and textile exports were up to $354 billion in 2021. The previous year’s total was $328 billion.

Trade agreements play a vital role in the apparel industry. For example, agreements among the U.S. and its trading partners attempt to foster employment in certain parts of the world (such as low-income areas in the Caribbean) and allow U.S. consumers fair access to reasonably priced goods, while providing some sort of relief to U.S.-based businesses at the same time. Because trade agreements will never satisfy all parties concerned, they tend to lead to controversy and much critical discussion. On the retail end, consumers of apparel in North America, Asia and Europe have long enjoyed wide selections and moderate prices. On the business end, much of the manufacturing once done in Europe and North America has been lost to lower-cost locations.

Apparel retailing has always been a tough, highly competitive business, and many chains rise dramatically and then fail. Retail fashion merchandising is a vast challenge (witness the recent ups and downs of retail giant The Gap). Just-in-time inventory, driven by highly computerized supply chain management systems, is now an immense asset to major retailers. Nonetheless, price pressure from major discounters like Wal-Mart, Target and Kohl’s can keep profit margins thin at stores that sell moderately priced apparel. Some of the most successful retail chains are those that focus on niche markets with special tastes and needs.

The segment known as “fast fashion” stores that sell the latest designs at very low prices have been enjoying soaring growth in the world’s largest markets. These stores include brands owned by Inditex, along with H&M, headquartered in Europe, and Uniqlo, from Japan.

Speaking of figures, the well-documented expanding girth of consumers in many nations is placing new challenges upon fashion merchandisers as overweight people of all ages, tastes and income brackets require clothes in larger sizes. Designers and merchandisers face the task of developing and presenting larger clothes in a flattering light. “Vanity sizing” is a trend in which manufacturers have restated sizes to make consumers feel smaller. Clothes that were once described as a woman’s size 12 are now called an 8 or 10, or sometimes even a 6.

While Americans (as well as residents of many other countries from Mexico to China) have been putting on weight, they have also developed a keen interest in sports apparel and workout gear to wear at the gym and in other recreational activities. At the same time, consumers are wearing athletic gear, such as yoga pants, for non-athletic activities in a trend called “athleisure.” This is one of the fastest-growing product categories in the apparel and shoe sector.

Demographic changes will offer immense opportunities to U.S. fashion merchandisers. To begin with, the nation’s millions of Baby Boomers (post World War II babies born from 1946 through 1964) are firmly in the 65+ age category. Their tastes and needs will bring great revenues to savvy apparel sellers who learn how to cater to this market. Meanwhile, the rapid growth of ethnic consumer groups in America, Hispanics in particular, will offer superb marketing and product development opportunities.

Department stores have changed their business models drastically. While they were historically sellers of virtually every type of product, arranged by category in well-defined spaces within giant buildings (thus the use of the word “department” to describe them), most department stores in America today are primarily apparel and accessories stores. When consumers shop at stores like Nordstrom, Neiman Marcus or Dillard’s, they find floor after floor of shoes, clothing, accessories and cosmetics. This change has created problems within the department store industry, as managers, faced with intense competition, developed the habit of continuously discounting apparel in sale events, consequently putting pressure on profitability. Consumers have been trained to wait for items to go on sale before they make purchases, thus lowering profit margins at stores. Nonetheless, department stores remain major forces in apparel retailing today.

In many Asian nations including China, however, a department store of today typically looks more like one did in America 100 years ago. Department stores in China are known to sell everything from medicinal herbs to clothing to furniture and even automobiles. The world’s largest department stores by far are found in Asia.

Another sweeping change in apparel retailing is the rising success of e-commerce. Retail apparel chains are employing bricks and clicks together successfully. That is, they create synergies between very active web sites and their retail stores. Other firms, such as Bluefly.com, sell apparel through the internet only, often at everyday discount prices. Catalog retailers continue to do reasonably well, particularly if they operate well-designed web sites to supplement their printed catalogs.

The internet has enabled another recent trend: apparel companies that claim to source their clothing at the same manufacturers used by well-known fashion companies, and then sell, via their web sites only, high quality apparel direct to consumers at modest prices. One of the better-known companies with this business model is Everlane, www.everlane.com, that states, “We spend months finding the best factories around the world—the very same ones that produce your favorite designer labels.” Meanwhile, a growing number of fashion companies, such as Cabi and The Carlisle Collection, are enjoying success selling women’s fashions in the home via independent reps—somewhat like the success of similar companies that sell cosmetics.

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A complete market research report, including forecasts and market estimates, technologies analysis and developments at innovative firms within the Apparel, Shoes & Textiles Industry. Gain vital insights that can help shape strategy for business development, product development and investments.

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Business trends analysis
In-depth industry overview
Technology trends analysis
Forecasts
Spending, investment, and consumption discussions
In-depth industry statistics and metrics
Industry employment numbers

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Industry Glossary

Industry Contacts list, including Professional Societies and Industry Associations

Profiles of industry-leading companies

U.S. and Global Firms
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For Public Companies: Detailed Financial Summaries
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Key Questions Answered Include:

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This feature-rich report covers competitive intelligence, market research and business analysis—everything you need to know about the Apparel, Shoes & Textiles Industry.

Plunkett Research Provides Unique Analysis of the Following Major Trends Affecting the Apparel, Shoes & Textiles Industry

Introduction to the Apparel, Shoes & Textiles Industry
Scarcity of Manufacturing Workers in China/Vietnam, India and Other Countries Gain Manufacturing Market Share
U.S. Apparel and Textile Jobs Reshore to Some Extent
Working Conditions and Workers’ Rights Become Major Considerations as Work Moves from China to Lower-Cost Nations
Wearable Sensors Track Exercise Data/Apparel and Shoe Manufacturers Adopt Technologies
3-D Printing and Robotics Revolutionize Manufacture of Shoes and Fabrics
Exercise Apparel Sales Rise/Athleisure Clothing Sales Soar
Athletic Footwear Sales Boom, Drawing Big Names from Athletes to Designers
3PL Logistics Services and Supply Chain Management Services Evolve & Consolidate
The Vast Majority of Shoes Sold in the U.S. Are Made Elsewhere
Bricks, Clicks and Catalogs Create Synergies While Online Sales Growth Surges
Plus-Size Apparel and Vanity Sizing Target Overweight Consumers
Self Service Apparel Fitting Technologies Grow
Fast Fashion: Designers and Retailers Speed Up
Apparel Manufacturing Goes Green
Green Consumers Push Demand for Recycled and Re-sale Clothing
Designers and Manufacturers Bypass the Middleman with Direct-to-Consumer Online Business Models
Fashion Rental Pioneered by Online Apparel Firm Rent the Runway
Amazon Becomes One of the World’s Leading Sellers of Apparel and Shoes
Disruption, Technology and the Future of the Fashion, Apparel and Shoes Business

Plunkett Research Provides In-Depth Tables for the Following Apparel, Shoes & Textiles Industry Statistics

Apparel, Shoes & Textiles Industry Statistics and Market Size Overview
U.S. Apparel Manufacturing Producer Price Index (PPI): December 2003 - March 2024
Top 50 Destinations of U.S. Textiles & Apparel Exports: 2022-2023
Top 25 Countries from which the U.S. imports Apparel and Textiles, All MFA Fibers: 2022-23
U.S. Retail Sales: Apparel, Shoes & Accessories Stores, 2017-2023
Apparel & Textiles Industry Employment by Business Type, U.S.: 2019-2024

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Apparel, Shoes and Textiles Industry Market Research

Apparel, Shoes & Textiles OVERVIEW

WE PROFILE HUNDREDS OF TOP COMPANIES:

PLUNKETT PROVIDES IN-DEPTH STATISTICS TABLES COVERING THE FOLLOWING INDUSTRY TOPICS:

Top Companies Profiled

The following is a partial listing for this industry. As a subscriber, you will have access to the leading companies and top growth companies. This includes publicly-held, private, subsidiary and joint venture companies, on a global basis as well as in the U.S.

Hundreds of Top Companies Profiled, Including:

PLUNKETT PROVIDES UNIQUE ANALYSIS OF THE FOLLOWING TRENDS THAT ARE DRIVING THIS INDUSTRY:

Organizations that have used our research and products

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