Tailoring and Alteration Services Market Report 2024

This Tailoring and Alteration Services market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The tailoring and alteration services market size has grown steadily in recent years. It will grow from $8.96 billion in 2023 to $9.4 billion in 2024 at a compound annual growth rate (CAGR) of 4.9%. The growth during the historic period can be attributed to several factors, including the rising demand for customized fashion, increasing consumer preference for well-fitted clothing, the growth in formal and professional attire needs, the influence of fashion trends, and a growing desire for sustainability and extended garment life.

The tailoring and alteration services market size is expected to see strong growth in the next few years. It will grow to $11.42 billion in 2028 at a compound annual growth rate (CAGR) of 5%. The growth during the forecast period is expected to be driven by several factors, including the rising awareness of the benefits of personalized tailoring, an increase in disposable income, the growth of online and digital tailoring platforms, a rising number of fashion influencers, and global expansion. Key trends anticipated in this period include technological advancements, the proliferation of online tailoring platforms, the use of 3D scanning technology, the emergence of smart tailoring solutions, and the development of virtual fitting rooms.

The growing fashion industry is poised to significantly drive the expansion of the tailoring and alteration services market in the coming years. This industry encompasses the creation, production, and sale of clothing, accessories, and footwear, catering to a wide range of styles and trends across different market segments. The growth of the fashion industry is fueled by increased consumer spending on apparel, the rise of online shopping, and a heightened focus on trend-driven and personalized fashion. Tailoring and alteration services play a crucial role by offering customized adjustments to garments, ensuring a perfect fit, and enhancing overall customer satisfaction. A report from the UK Fashion and Textile Association (UKFT) published in November 2023 indicated that the UK fashion and textile industry contributed $81 billion (£62 billion) to the national GDP in 2023 and supported 1.3 million jobs, alongside generating over $30 billion (£23 billion) in tax revenues. Therefore, the ongoing growth of the fashion industry is expected to propel the tailoring and alteration services market.

Major companies operating in the tailoring and alteration services sector are forming strategic partnerships to enhance the appearance and functionality of garments. These collaborations allow organizations to join forces to achieve common goals while maintaining their independence. For instance, in June 2024, Marks & Spencer, a UK-based retail giant, partnered with SOJO, a provider of clothing repair and tailoring services, to launch the M&S Fixed by SOJO clothing repair service. This online service offers zip replacements and invisible knitwear repairs, with items returned within seven to ten days. The initiative addresses findings that only 10% of consumers feel confident repairing clothes themselves, while 60% are seeking more sustainable retail options.

In November 2022, Frasers Group Plc, a UK-based retail company, acquired Gieves & Hawkes for an undisclosed amount. This acquisition aims to strengthen Frasers Group's presence in the tailoring and alteration services market by integrating a prestigious brand known for its luxury bespoke tailoring and high-quality custom clothing. Gieves & Hawkes specializes in high-end bespoke tailoring and top-quality ready-to-wear apparel, further enhancing Frasers Group’s capabilities in offering tailored services.

Major companies operating in the tailoring and alteration services market are Saks Fifth Avenue, Neiman Marcus, Tailored Brands Inc., Etsy Inc., Ermenegildo Zegna, Suitsupply BV, Stitch-It Canada’s Tailor Inc., T.M.Lewin, The Savile Row Company, LookSmart Alterations, Ganni A/S, Alteration Express, Cad & The Dandy, Huntsman & Sons, Sojo, London Tailors, The Perfect Fit, Hemster Inc., The Fitting Room, Alterations Boutique, Manhattan Tailors, Harrods Limited, Argys Tailoring.

North America was the largest region in the tailoring and alteration services market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the tailoring and alteration services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the tailoring and alteration services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Tailoring and alteration services encompass the customization or modification of clothing to achieve a perfect fit and updated style through various adjustments, repairs, and refinements. These services provide personalized fitting and modification of garments, ensuring they align with individual preferences and body shapes, thereby enhancing both comfort and style. Additionally, they facilitate the rejuvenation of older garments, extending their lifespan while maintaining their aesthetic appeal.

The primary types of tailoring and alteration services include new creations, alterations, and garment repair. New creations involve designing and crafting custom garments from scratch, catering to both males and females for business wear, casual wear, and more. These services are utilized by a diverse range of end users, including individual consumers, businesses, and others.

The tailoring and alteration services market research report is one of a series of new reports that provides tailoring and alteration services market statistics, including tailoring and alteration services industry global market size, regional shares, competitors with a tailoring and alteration services market share, detailed tailoring and alteration services market segments, market trends and opportunities, and any further data you may need to thrive in the tailoring and alteration services industry. This tailoring and alteration services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The tailoring and alteration services market includes revenues earned by entities by restyling, custom clothing design, size adjustments, designing, and sewing. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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