Growing Fashion Industry Set To Boost Tailoring And Alteration Services Market Driving Market Acceleration in the Tailoring And Alteration Services Industry, 2025

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How Large Will the Tailoring And Alteration Services Market Size By 2025?
In recent times, the market for tailoring and alteration services has seen robust growth. The market size is set to increase from $9.4 billion in 2024 to $9.89 billion in 2025, representing a compound annual growth rate (CAGR) of 5.2%. The uptick in growth during the historical period can be accredited to increasing demand for personalized fashion, a growing consumer inclination towards properly fitted clothes, amplified needs for formal and professional clothing, fashion trends' influences, and the quest for sustainability and longevity of clothing.

How Big Is the Tailoring And Alteration Services Market Size Expected to Grow by 2029?
The market size of tailoring and alteration services is predicted to experience consistent growth over the coming years, anticipated to reach $11.97 billion in 2029 with a compound annual growth rate (CAGR) of 4.9%. The escalation projected for this period can be traced back to a greater understanding of the advantages associated with bespoke tailoring, an increase in disposable income and expansion in digital tailoring platforms, along with the rising presence of fashion influencers, at a global level. The major trends expected to affect this market in the forecast period encompass technological breakthroughs, online tailoring platforms, the advent of 3D scanning, intelligent tailoring solutions, and the emergence of virtual fitting rooms.

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Which Key Market Drivers Powering Tailoring And Alteration Services Market Expansion and Growth?
The anticipated growth of the tailoring and alteration services market is being propelled by the expanding fashion industry. The industry involves the creation, production and sales of apparel, accessories and footwear, catering to a range of fashion biases and trends spanning across different market segments. The proliferation of the fashion industry is due to an increase in consumer spending on clothing, the expansion of the online shopping scene, and a heightened emphasis on trend-led, personalized fashion. Tailoring and alteration services provide customized modifications to garments in the fashion industry, ensuring an impeccable fit and boosting overall consumer satisfaction. For example, a report released by the UK Fashion and Textile Association (UKFT) in November 2023 stated the UK fashion and textile sector, a UK association for fashion and textile companies, contributed $81 billion (£62 billion) to the country's GDP in 2023, supporting 1.3 million jobs. It additionally generated over $30 billion (£23 billion) in tax revenues. Hence, the escalating fashion industry is likely to foster growth in the tailoring and alteration services market.

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Which Fast-Growing Trends Are Poised to Disrupt the Tailoring And Alteration Services Market?
Leading entities in the tailoring and alteration services sector are engaging in strategic alliances to improve the aesthetics or usefulness of clothing. A strategic alliance involves a cooperative relationship between multiple organizations working together to fulfill common objectives while maintaining their independent status. For instance, in June 2024, Marks & Spencer, a retail company from the UK, collaborated with SOJO, a UK-based firm offering clothing repair and tailoring services. They introduced the M&S Fixed by SOJO clothing repair service. Available online, this service offers solutions such as zip replacements and subtle knitwear repairs, and returns items within seven to ten days. This initiative reflects research data indicating that a mere 10% of consumers are confident in repairing their clothes, while 60% are on the lookout for more sustainable retail alternatives.

What Are the Emerging 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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Who Are the Global Leaders 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 are the Top Profitable Regional Markets for the Tailoring And Alteration Services Industry?
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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