What are the Historical Developments and Current Growth Metrics of the Tailoring And Alteration Services Market?
The tailoring and alteration services market has seen considerable growth due to a variety of factors.
• The market size for tailoring and alteration services has seen robust growth recently. The projections suggest an increase from $9.4 billion in 2024 to $9.89 billion in 2025, marking a compound annual growth rate (CAGR) of 5.2%.
The boom in past times can be ascribed to factors such as the surge in demand for personalized fashion, the increase in consumer interest for precise fit clothing, the expansion of formal and professional clothes requirements, the sway of fashion vogues, and the longing for sustainable practices and durable clothes.
What is the Forecasted Market Size and CAGR for the Tailoring And Alteration Services Market?
The tailoring and alteration services market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of tailoring and alteration services is poised for consistent expansion in the next several years, projected to reach $11.97 billion by 2029 with a compound annual growth rate (CAGR) of 4.9%.
This predicted growth for the forecast period is due to factors such as increased understanding of the advantages of custom tailoring, rise in disposable income, evolution of online and digital tailoring platforms, an uptick in the number of fashion influencers, and overall global expansion. Key trends to anticipate in this forecast period are advances in technology, growth in online tailoring platforms, 3D scanning capabilities, innovative tailoring solutions, and the emergence of virtual fitting rooms.
What Key Factors and Trends Are Driving The Growth Tailoring And Alteration Services Market?
The anticipated expansion of the fashion sector is projected to steer the progression of the tailoring and alteration services landscape in the future. The fashion domain comprises the innovation, fabrication, and trading of apparel, adornments, and footwear, addressing eclectic styles and tendencies in various market sections. This sector's growth is fueled by increased consumer spending on attire, the rise of internet-based retail, and an intensified focus on fashion dictated by trends and that which is personalized. Tailoring and alteration services within the fashion sphere offer bespoke modifications to clothing, promising an excellent fit and escalating overall consumer gratification. For example, a study released in November 2023 by the UK Fashion and Textile Association (UKFT), a British organization for fashion and textile businesses, revealed that the UK's fashion and textile sector added $81 billion (£62 billion) to the country’s gross domestic product in 2023, whilst backing 1.3 million jobs. Furthermore, it amassed more than $30 billion (£23 billion) in terms of tax income. Consequently, the burgeoning fashion industry is expected to stimulate advancement in the tailoring and alteration services market.
What Are The Market Segments In The Tailoring And Alteration Services Market?
The tailoring and alteration servicesmarket covered in this report is segmented –
1) By Service: New Creations, Alterations, Garment Repair
2) By Consumer Orientation: Male, Female
3) By Clothes Type: Business Wear, Casual Wear, Other Clothes Types
4) By End-User: Individual Consumers, Businesses, Other End-Users
Subsegments:
1) By New Creations: Custom Clothing Design, Wedding Dresses And Formal Attire, Tailored Suits And Blazers, Unique Fashion Pieces
2) By Alterations: Hemming And Shortening, Taking In Or Letting Out Seams, Adjusting Sleeves And Cuffs, Altering Dress Lengths And Silhouettes
3) By Garment Repair: Patch Repair And Mending, Zipper Replacement, Button Replacement, Repairing Tears And Holes
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What New Trends Are Influencing The Tailoring And Alteration Services Market?
Key players in the tailoring and alteration services sector have been leveraging strategic collaborations to improve the aesthetics or performance of articles of clothing. Such strategic alliances involve a cooperative relationship among two or more entities that combine their efforts to meet mutual objectives while maintaining their autonomy. For instance, in June 2024, Marks & Spencer, a retail company originating from the UK, collaborated with SOJO, a UK-based company offering clothing repair and tailoring services, to introduce the M&S Fixed by SOJO clothing repair initiative. This service, which is available online, delivers services like zip replacement and invisible knitwear mending, with the mended items being returned within a period of seven to ten days. The move is a response to a study indicating a mere 10% of consumers are confident in their ability to repair their own clothes, while 60% are in pursuit of more eco-friendly retail alternatives.
Who Are the Key Players In The Tailoring And Alteration Services Market?
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
What Are The Regional Insights Into The Tailoring And Alteration Services Market?
North America was the largest region in the tailoring and alteration services market in 2024. 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.
