Market Share of Competitors

Part
01
of seven
Part
01

Trimco International Market Share

The estimated global market share of Trimco International is 0.15% of the global apparels print label market. Details of the company's market share and locations have been provided below.

Trimco International Market Share

  • In 2019, the apparels print label market was valued at $2.11 billion USD globally.
  • While Trimco is a private company that does not provide financial details to the public, we were able to find the estimated annual revenue from the company through company profile databases.
  • According to D&B Hoovers, the company's estimated annual revenue was valued at $3.16 million USD.
  • Using the above figures we calculated the estimated market share of Trimco International to be 0.15% (3.16 million/2.11 billion=0.00149) of the global apparels print label market.

Trimco International Locations

Part
02
of seven
Part
02

ITL Group Market Share

ITL Group currently has a market share of approximately 0.2% within the global apparel print labels market.

Market Share Triangulation

  • A review of Intelligent Label Solutions (ITL) Group's services suggests that the company specializes in only apparel print label products, and that these goods are manufactured and distributed globally.
  • While the market share of ITL Group within the global apparels print label market is not publicly available, this figure was calculated using the following data points.
  • An extensive review of the ITL Group corporate website and relevant corporate documents indicates that the company does not publicly report its financial information.
  • However business data aggregators ZoomInfo and RocketReach report a current annual revenue for the company of $4,000,000 and $4,200,000, respectively.
  • Given that the RocketReach data is presented with greater precision, this estimate of $4,200,000 in annual revenue is used to calculate ITL Group's current market share.
  • In parallel, the market size of the global apparel trims market is expected to reach $2,970,000,000 billion in 2024, growing at a CAGR of about 7.1% from 2019. Using a reverse CAGR calculator, the market size was approximately $2,110,000,000 in 2019.
  • By combining the current annual revenue of ITL Group from RocketReach with the 2019 market size of the apparel trims market, ITL Group appears to have a current market share of approximately 0.2% within the apparel print label market.
  • The calculation for this figure is as follows: $4,200,000 / $2,110,000,000 = 0.00199.
Part
03
of seven
Part
03

CCL Industries Market Share

CCL Industries currently has a market share of approximately 34.68% within the global apparel print labels market.

Market Share Triangulation

  • According to CCL Industries' 2018 Annual report, the company's business is segmented into four business lines: CCL, Avery, Checkpoint and Innovia.
  • Notably, the company's Checkpoint unit is responsible for the company's worldwide production and distribution of "apparel labels and tags," including those that are RFID capable.
  • While the market share of Checkpoint within the global apparels print label market is not publicly available, this figure was calculated using the following data points.
  • Although CCL Industries has yet to publish a 2019 Annual report, its 2019 Annual Information Form indicates that Checkpoint represented 13.8% of overall corporate sales in 2019 with annual revenue of $724,100,000.
  • In addition, CCL Industries announced its acquisition in 2020 of Eti-Textil, an apparel label producer that had sales of $7,700,000 as of 2019.
  • Meanwhile, the market size of the global apparel trims market is expected to reach $2,970,000,000 billion in 2024, growing at a CAGR of about 7.1% from 2019. Using a reverse CAGR calculator, the market size was approximately $2,110,000,000 in 2019.
  • By combining the 2019 revenue for Checkpoint and Eti-Textil with the 2019 market size of the apparel trims market, CCL Industries appears to have a current market share of approximately 34.68% within the apparels print label market.
  • The calculation for this figure is as follows: ($724,100,000 + $7,700,000) / $2,110,000,000 = 34.68%.
Part
04
of seven
Part
04

NATco Market Share

NATco is a global manufacturer of labels, trims and hardware in the apparel industry. The company has an estimated market share of 0.52% in the industry.

Helpful Findings

  • According to estimates, NATco generates $11 million in revenue annually.
  • The market size of the apparels print labels market was be valued at $2.11 billion.
  • NATco has an estimated market share of 0.52% in the apparels print market ($11 million/$2.11 billion * 100).

Research Strategy

Our research indicates that there's no publicly-available information on the revenue generated by NATco (North American Textile Company, LLC) in the apparels print label market. The first strategy was to comb through the company's website for relevant financial information usually presented on the investor relations page of the website. Using this strategy, we were not able to locate the company's financials as it hasn't published any annual reports or information regarding its financials.

We also combed through business databases like Statista, DnB, Owler, ZoomInfo, Craft, among others for pertinent data on the company's revenues by segments. Our search through the mentioned business databases indicates that NATco is a privately-held company, hence not required to publish its financials, and this includes its performances by segments. Some business databases, like PrivCo, which provide information like overall revenue and revenue by segments of private companies, was also searched. NATco was not listed on the database; hence, there was no information on the company's segments financials using this strategy.

Since the information on the company's revenue in the apparel print label market was not directly disclosed by the company and is not available on business databases, our next step was to scour for the information from media sites, statements from expert analysts, and the leadership of the company. We searched for commentary by experts on the industry performance with the idea of locating comments on the percentage financial contribution of NATco to the industry. We also combed through media sites for interviews by the leadership of the company for mentions of the company's performance in the market segment. Unfortunately, there were no statements by the company's leadership and by experts on the operations of the company in the market. Available market data which feature NATco was published by market report sites like MarketWatch which provides an analysis of the market and may include the revenues or market share of the company in the industry; the report is not available as it is behind a paywall. As a proxy, we have provided an estimate of the market share using the company's total revenue and market size of the industry.



Part
05
of seven
Part
05

SML Group Market Share

SML Group is a global business, with a number of companies providing a range of services including apparel print labels. This is a large and growing market, but there is very limited information available that gives specific details about SML Group's market share or sufficient information to allow it to be calculated. The company's customers appear to be global operators.

Market Share

  • SML Group's headquarters are in Hong Kong. It is a private company and financial data is not available on its website. Companies based in Hong Kong are required to submit annual returns to the Companies Registry. A fee is required to view or obtain copies of the information submitted by the company, including their revenue.
  • The Dun and Bradstreet company search provided an annual revenue figure for SML Group of $400 million for the year ending December 2016. This is not broken down to show what proportion of their revenue comes from the apparel print market. A more up to date or detailed figure has not been able to be found. Therefore, it has not been possible to provide an actual figure for SML Group's current market share.
  • As noted below, the SML Group is reported to be one of the leading providers of RFID (radio frequency identification) tags and solutions, and the technology can be and appears to be applied to some of their print labels. However, the information available did not indicate what share of their label business the print labels are or what proportion have RFID applied or not. Therefore, it is difficult to give an indication of what market share they have in the print label market.
  • Previous research established an overall market size for the apparel print label market as being about $2.11 billion in 2019. This is based on an estimate that the market will reach $2.97 billion in 2024 and growth being 7.1% in 2019.

Factors

  • SML Group are a well-established global company (since 1994) offering a selection of apparel print labels, which they say are 'versatile and cost effective with a variety of base materials'. In line with today's consumer, they have a strong focus on sustainability and recycling. They are clearly moving with the times to ensure they can stay competitive and meet the needs of their customers.
  • SML Group offers a broad range of products and services allowing their customers to establish and maintain their brand, as well as working on their logistics and the management of the supply chain. By doing this, it is likely to mean they can meet the demands of the bigger brands diverse needs and take a bigger chunk of the available market.
  • SML Group are described as the leading provider of RFID (radio frequency identification) tags and solutions. In 2019, they launched ecologically friendly products under the brand name 'Inspire'. The technology used is being applied to a number of their products including self-adhesive labels and hang tags. The company's focus appears to be towards developing the technology that they can provide within their labels to assist their customers.

Customers

  • SML Group's website describes them as being a global company and they have offices around the world. Their website's case studies describe solutions they have found for their customers, who appear to be global customers. One is referred to as having 2,000 stores across 80 countries. Although this data is dated 2015, it is likely that this has changed since it was published.
  • An article on realwire.com refers to customers in the UK, Sweden and France, who are adopting the RFID technology they are producing. As the company is based in Asia, it is likely they have a strong presence there too.

Research strategy

Previous research was referred to in relation to the market share of the apparel print market. A review of SML Group's own website was undertaken to understand the company and it's products. A search of press and magazine articles relating to SML Group and their products was also undertaken. This identified names of their competitors, and articles referring to them were reviewed to establish if they provided any information about SML Group as a direct competitor. This unfortunately did not provide further detail to assist with the response. Details of the Hong Kong Company Register were reviewed to determine if financial information was available to use in determining the company's market share. However, the payment of a fee is required to obtain further information. Business directory websites were searched to find further information about the company and its revenue to allow the market share to be calculated, however, these did not provide the required information for this to be done. Information was taken from the sources found in the above research to determine the company's customer type.

Part
06
of seven
Part
06

Maxim Group Market Share

The market share of Maxim Group in the apparel print label market is approximately 1.89%.

Market Share Triangulation.

  • A review of Maxim Group's services suggests that the company specializes in only apparel print label products and that these goods are manufactured and distributed globally.
  • While the market share of Maxim Group within the global apparels print label market is not publicly available, this figure was calculated using the following data points.
  • An extensive review of the Maxim Group corporate website and company overview indicates that the company does not publicly report its financial information.
  • However, business data aggregator RocketReach reports a current annual revenue for the company of $40,000,000.
  • In parallel, the market size of the global apparel trims market is expected to reach $2,970,000,000 billion in 2024, growing at a CAGR of about 7.1% from 2019. Using a reverse CAGR calculator, the market size was approximately $2,110,000,000 in 2019.
  • By combining the current annual revenue of Maxim Group from RocketReach with the 2019 market size of the apparel trims market, Maxim Group appears to have a current market share of approximately 1.89% within the apparel print label market.
  • The calculation for this figure is as follows: $40,000,000 / $2,110,000,000 =0.018957346.
Part
07
of seven
Part
07

Checkpoint Systems Market Share

After an extensive search, it was concluded that very little information regarding the current market share of Checkpoint Systems is available in the public domain. The most recent information regarding the company's revenue is provided in CCL Industries Inc.'s 2019 annual report. The latest information regarding the company's revenue from the apparent print label market is from its 2015 annual report.

MARKET SHARE ASSUMPTIONS

  • Pairing the information obtained from Checkpoint's 2015 report with the current market size, the market share amounts to 7.8%. This was calculated by dividing the annual apparent print label revenue of $164.7 million by the market size of $2.11 billion and multiplying by 100 to get a percentage value. However, as this data is from 2015, it is unlikely to have stayed the same.
  • If we use the data retrieved from the 2019 annual report of CCL Industries Inc, the organization that acquired Checkpoint Systems in 2016, the market share rises to 9.1%. This was derived by dividing Checkpoint Systems' total revenue of $192.8 million by the market size of $2.11 billion and multiplying by 100 to get a percentage. However, there is no information available disclosing whether this revenue is solely from the apparel print label market or from all of Checkpoint Systems' ventures combined.

COMPANY OUTREACH

  • According to the company's website, Checkpoint Systems has a total of 10 manufacturing plants and 20 ticket centers around the globe, as well as 400 service engineers in more than 35 countries.
  • As listed in an article by Business Wire, during their research on the global RFID market, Technavio listed Checkpoint Systems as one of the major companies providing RFID services worldwide. RFID is one of the many methods of printing apparel labels, and thus, it can be assumed that Checkpoint Systems provides apparel print labels to customers worldwide.

RESEARCH STRATEGY

Our initial strategy was to locate any reports related to the business trims market, but we were unable to find any. Therefore, we shifted our focus to finding financial reports published by, or related to, Checkpoint Systems. After an extended search, we only found the 2015 report. We then decided to try our luck with financial reports by CCL Industries Inc.

Open data and directory sites, such as Apertio, KPI Mega Library, Data Search, Crunchbase, Owler, etc., were also scoured to see if they offered any information our previous methods did not. We found nothing of the sort or anything that was not already listed in this report.
Sources
Sources

From Part 05
Quotes
  • "Our printed labels are both extremely versatile and cost effective with a variety of base materials available for printing. We offer a selection of traditional and digital printing solutions for single-face, dual-sided or multi-layered applications."
Quotes
  • "According to a recent Global Info Research study, the worldwide market for fashion and apparel print labels is expected to grow at a CAGR of 7.1 percent over the next five years. It is forecast to reach 2,970 million USD in 2024, from 1,970m USD in 2019."
Quotes
  • "Data provided in the basic search without setting up an account only gives financial data for 2016"