Textile Mills in the US - Market Research Report

Woven in: Shifting consumer preferences for apparel manufacturing will lead to increased revenue

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

The Textile Mills industry includes various manufacturers of fiber, yarn and thread, fabric finishing and coating, curtain fabric, linen and narrow fabric. Textile mills serve a plethora of downstream markets, including apparel, automobile and home furnishing manufacturers. Through the five years to 2023, textile mills have experienced mounting competition from developing countries with low labor costs resulting in shrinking demand from domestic apparel manufacturers. In response, textile mills have increasingly relied on the automobile and home furnishing markets to prevent revenue from declining at a faster pace. Revenue for textile mills is set to decline at a CAGR of 3.6% to $41.3 billion, including a 2.7% decrease in 2023 alone. This industry is a collection of a variety of textile manufacturers. Most notably, establishments categorized in this industry spin yarn from various fibers, manufacture woven and nonwoven fabrics, produce window curtains and drapes and finish and coat an array of textile products.