Future Outlook of the Tailoring And Alteration Services Market: Growth, Trends, and Emerging Opportunities Explored
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How has the tailoring and alteration services market size evolved in recent years?
The tailoring and alteration services market has experienced steady growth, expected to increase from $9.4 billion in 2024 to $9.89 billion in 2025, with a CAGR of 5.2%. Growth in the past was driven by the demand for customized fashion, consumer preference for well-fitted clothing, increasing need for formal wear, evolving fashion trends, and sustainability efforts aimed at prolonging garment life.
What are the predictions for the tailoring and alteration services market size in the coming years?
The tailoring and alteration services market is projected to grow steadily, reaching $11.97 billion by 2029 with a CAGR of 4.9%. Growth drivers include rising demand for personalized tailoring, increasing disposable income, the expansion of digital tailoring platforms, the influence of fashion trends, and global market growth. Major trends include technological advancements, the rise of online tailoring platforms, the use of 3D scanning, the emergence of smart tailoring solutions, and the adoption of virtual fitting rooms.
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What key factors are fueling the growth of the tailoring and alteration services market?
The growing fashion industry is anticipated to drive the growth of the tailoring and alteration services market. The fashion industry focuses on designing, producing, and selling apparel, accessories, and footwear, catering to various trends and styles across different segments. Its growth is fueled by increased consumer spending on fashion, the rise of online shopping, and a growing emphasis on personalized, trend-driven clothing. Tailoring and alteration services help provide customized adjustments for garments, ensuring a perfect fit and enhancing customer satisfaction. For example, in November 2023, the UK Fashion and Textile Association reported that the UK fashion and textile industry contributed $81 billion to the nation’s GDP and supported 1.3 million jobs, further driving the tailoring and alteration services market.
How is the global tailoring and alteration services market divided into key segments?
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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Who are the key firms paving the way for growth 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
Which trends are expected to transform the tailoring and alteration services market?
Dominant entities in the tailoring and alteration services sector are resorting to strategic alliances to improve the aesthetics or function of an outfit. The strategic partnership refers to a cooperative relationship between two or more entities that combine their strengths to attain collective objectives while maintaining their independence. For example, in June 2024, Marks & Spencer, a retail firm from the UK, formed an alliance with SOJO, a UK-based clothing repair and tailoring services provider, to introduce the M&S Fixed by SOJO clothing repair service. This online-accessible service includes zip replacements and hidden knitwear mending, with items returned within a span of seven to ten days. This move is in response to studies indicating that only about 10% of customers are comfortable mending their clothes, while 60% are in search of more environmentally-friendly retail alternatives.
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What regions are contributing significantly to the growth of 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.
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