Apparel Knitting Mills in the US - Industry Market Research Report

Apparel knitting mills have faced considerable headwinds over the current period. High import penetration has forced manufacturers to reduce their markup to maintain sales and remain buoyant, negatively impacting profit. Rising input costs have compounded this trend as manufacturers must keep prices competitive. Manufacturers haven't recovered from devastating losses brought about by the outbreak of COVID-19. Industry-wide revenue has been falling at a CAGR of 5.3% over the past five years and is expected to total $1.1 billion in 2023, when revenue will dip by an estimated 0.9%. Manufacturers in this industry produce knitting apparel or knitting fabric and then manufacture apparel. This industry also includes part-time entrepreneurs who make knitting apparel and accessories. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.