Textile Manufacturing Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 8/21/2017
SIC Codes: 22
NAICS Codes: 313, 314
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
View Full Sample Add To Cart

Excerpt from Textile Manufacturing Industry Profile

Companies in this industry operate mills that produce textiles and textile products from natural and synthetic materials. Major companies include Avintiv, Milliken, Standard Textile Co, and WL Gore & Associates (all based in the US), along with Chinatex (China), Far Eastern New Century (Taiwan), Hyosung (South Korea), and Toyobo (Japan).

Worldwide textile exports amount to about $315 billion annually, according to the World Trade Organization. China dominates the global industry; other major players include the European Union, India, the US, Turkey, and South Korea.

The US textile manufacturing industry includes about 8,400 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $55 billion.

COMPETITIVE LANDSCAPE

Demand is driven by the domestic apparel industry and consumer demand for home furnishings like carpets, furniture, and curtains. The profitability of individual companies depends on efficient operations. Large companies have economies of scale in production for high-volume items. Small companies can compete successfully by producing specialized textiles. The US industry is concentrated: the 50 largest companies generate about 60% of revenue.

Exports represent about 20% of US textile production. The main export destinations include Canada and Mexico. Many manufacturers ship fabric to other countries for sewing into final garments, which are then reimported into the US. Textile imports, which account for some 40% of the US market, come mainly from China, India, and Mexico.

PRODUCTS, OPERATIONS & TECHNOLOGY

Major products are yarns and threads, fabrics, and carpets. The ...

 
View Full Sample Add To Cart Return to the Industry Profile Menu

Related Profiles

Would you or your company benefit from having unlimited access to First Research's industry intelligence tools?

Learn More About Subscription Options