| SIC Codes: | 3161 3171 2381 2353 2339 2323 |
| NAICS Codes: | 315990 316998 316992 |
Companies in this industry manufacture apparel accessories such as hats, neckties, and belts. Major companies include New Era Cap, Randa Accessories, Tandy Brands Accessories, and totes Isotoner.
Demand is determined by consumer tastes and the level of consumers' discretionary income. The profitability of companies depends in part on effectively controlling the costs of manufacturing, both in the US and internationally. Smaller companies can compete effectively by specializing. Manufacturing processes tend to be labor-intensive, so economies of scale are limited. The industry is concentrated: the top 50 companies account for about 70 percent of sales.
Major products include hats and caps, which account for about 25 percent of sales, and neckties, which account for about 20 percent. Gloves and mittens account for about 10 percent of sales, as do belts. Other products include scarves, suspenders, aprons, and apparel trimmings and findings.