PUBLISHER: The Business Research Company | PRODUCT CODE: 1711268
PUBLISHER: The Business Research Company | PRODUCT CODE: 1711268
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 from The Business Research Company 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 size has grown strongly in recent years. It will grow from $9.4 billion in 2024 to $9.89 billion in 2025 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to the rising demand for customized fashion, increasing consumer preference for well-fitted clothing, the growth of formal and professional attire needs, the influence of fashion trends, and the desire for sustainability and extended garment life.
The tailoring and alteration services market size is expected to see steady growth in the next few years. It will grow to $11.97 billion in 2029 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to the rise in awareness about the benefits of personalized tailoring, growth in disposable income, growth in online and digital tailoring platforms, increasing number of fashion influencers, and rise globally. Major trends in the forecast period include technological advancements, online tailoring platforms, 3D scanning, smart tailoring solutions, and 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.
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.
Tailoring And Alteration Services Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on tailoring and alteration services market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for tailoring and alteration services ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The tailoring and alteration services market global report from the Business Research Company answers all these questions and many more.
The 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 forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.