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Expected Revenue of Men’s Suit Apparel Business Predictions in 2020

Expected Revenue of Men’s Suit Apparel Business Predictions in 2020

So many victorious businesses are emerging in this world. Actually starting a business is like planting a seedling, here you have to invest your precious time and money. So you will be definitely expecting to gain more revenue. That’s not a problem.

Nowadays, we have been also seeing the evolution of clothing. Because, When it comes to clothing, everyone loves to be unique in their own style and they keep on upgrading the trends and style. So the apparel manufacturing and custom tailoring business having a higher range of possibility to sustain and to get succeed in this digital world.

Especially This is the perfect time to start a Custom Made Suit Design business.

Do you know why? According to statistics,

Revenue in the Suits (men & boys) segment amounts to US$22,661m in 2019. The market is expected to grow annually by 2.7% (CAGR 2019-2023).

Revenue in the Apparel market amounts to US$348,300m in 2019. The market is expected to grow annually by 1.9% (CAGR 2019-2023).


Why People’s Fascination With Suits:

The Suits, which is considered as the international symbol of professional classes. One can easily recognize a person where he is from by how he wears it. In general, Italy, the U.K. (Savile Row especially), France, US, China are known worldwide for best bespoke suits.

What is so Special in Online Tailoring and clothing Business?

We all know about earlier traditional clothing and tailoring. To get a complete outfit, customers have to walk into the shop and do various fabric selections, styles, and body measurements. Then The customer needs to wait for a particular day to get the outfit delivered.

If it is perfectly tailored, then it is well and good. If not the customer used to visit the shop until they get satisfied, it makes take month or longer.

Also, People nowadays are so modernized, and they don't have time to go out for shopping. Hence they prefer online solution.

Do you think all your customers will come to your shop to get their apparels to stitch? Maybe few but at present majority of customers preferring online tailoring as it reduces their time and expenses to travel. If you take your tailoring business online, you can easily reach your targeted audience. 

"People are the most important thing. Business model and product will follow if you have the right people." -Adam Neumann, Co-founder of WeWork

If you do a traditional tailoring business, obviously you will be having only a few customers, and also you will be known to particular persons around you. But if you do an online tailoring business, you can attract and satisfy the young generation worldwide with unique and classy apparels. If you start a physical tailoring business, definitely you get earning but, you won't get any profit. Am I making sense?

In Online Tailoring Store there, won't be any restrictions in having various sizes, design and, clothing. Users can easily customize their apparels to their wish.

As I said earlier, there is a difference between profit and earning. For Physical tailoring store, you need a separate store, electricity, furniture, and particular infrastructure setup to satisfy customers, here you will get earning. In an online tailoring store, you don't need to mind the infrastructure setup and the above-mentioned things, though you can satisfy your customers with their desired apparels. Here you will get a Profit.

Purpose of integrating Apparel Design software?

With the continuous trend change, users don’t want to stick to the same style. Hence this Online Tailoring Software lets customers customize and personalize their apparels by themselves.

Instead of taking the customer's body measurement using tape, this software will capture the body measurement using 3D scanning at the storefront and shorten the processing time. Once it is done the user can customize the below things

       1. Fabric Selection.

       2. Back Collar

       3. Thread selection

       4. Lining Material

       5. Jacket style

       6. Vents style

Get a Unique Identity by integrating this Custom Made suit Design software into your website.

Right Place to get Custom Clothing Software:

Fit4bond is a leading custom clothing software solution provider for the entire eCommerce clothing business. We fit4bond delivers user-friendly features, which helps your user to create unlimited outfit designs and visualize their product design in 3D. Many of the top business clothing brands have integrated our software and running their business successfully. 

Interested to know more about our unique features and how our custom clothing software works in your online store real-time? 

Give a Ring to us and feel free to discuss your requirements, we are always ready to give you the best solutions. 

                          Check out our clothing design software free demo now!

About Priyadharshini

Greetings! This is Priyadharshini, a passionate tech-geek who hunts new technologies and survives as a business consultant and blogger at Fit4bond. To develop your company, stick with us and read the interesting blogs and business solutions. Stay updated!

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