Apparel & Non-Apparel Manufacturing in Canada
SummaryApparel & Non-Apparel Manufacturing in Canada industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Apparel & non-apparel manufacturing market is segmented into apparel and non-apparel products. Apparel segment includes menswear, womenswear, and childrenswear. It does not include leather, footwear, and accessories. Non-apparel products segment includes non-clothing textiles such as carpets, mats, rugs, carpet tiles, textiles and soft furnishings (bathroom textiles, beddings, cushions, futons, hammocks, table linen, furniture covers, doormats), and window curtains.
- The Canadian apparel & non-apparel manufacturing market recorded revenues of $21,380.9 million in 2024, representing a compound annual growth rate (CAGR) of 2.5% between 2019 and 2024.
- The apparel segment accounted for the market's largest proportion in 2024, with total revenues of $16,693.3 million, equivalent to 78.1% of the market's overall value.
- The contraction of the Canadian apparel & non-apparel manufacturing market in 2024 was due to the domestic economic environment characterized by high interest rates and sluggish consumer demand. The Bank of Canada's monetary tightening to combat inflation led to increased borrowing costs, which in turn suppressed consumer spending and business investment. According to the Ivey Business School, the purchasing managers index in Canada dropped to 54.7 points in December 2024 from 56.3 points in December 2023.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the apparel & non-apparel manufacturing market in Canada
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the apparel & non-apparel manufacturing market in Canada
- Leading company profiles reveal details of key apparel & non-apparel manufacturing market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Canada apparel & non-apparel manufacturing market with five year forecasts
Reasons To Buy
- What was the size of the Canada apparel & non-apparel manufacturing market by value in 2024?
- What will be the size of the Canada apparel & non-apparel manufacturing market in 2029?
- What factors are affecting the strength of competition in the Canada apparel & non-apparel manufacturing market?
- How has the market performed over the last five years?
- Who are the top competitors in Canada's apparel & non-apparel manufacturing market?
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