Loose threads: Demand for technical and home furnishing textiles will aid growth, but imports will subdue gains

The Textile Mills industry includes various manufacturers of fiber, yarn and thread, fabric, fabric finishing and coating, curtain, linen and narrow fabric. The industry distributes its products to a range of downstream markets, including apparel, automobile and home furnishing manufacturers. Therefore, the economic health of these downstream industries directly affects industry operators. The Textile Mills industry has contracted considerably over the past decade amid rising competition from developing countries with low-cost labor and a decline in demand from a shrinking domestic apparel manufacturing market. Over the five years to 2023, revenue for the Textile Mills industry is forecast to continue decreasing, albeit at a slower rate...purchase to read more.

Industry Statistics & Market Size
Revenue
$43bn
Annual Growth 13-18
-2.6%
Forecast Growth 18-23
Profit
Employment
181,300
Businesses
15,276
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • The shrinking apparel market has highlighted the industry’s changing focus
  • The home furnishings market has grown in importance as a source of industry revenue
  • A decline in the value of the US dollar makes imports relatively more expensive
  • Industry Report - Industry Key Buyers Chapter

    The Textile Mills industry comprises a large number of subindustries, none of which account for a notable share of total industry revenue. Likewise, the piecemeal nature of the industry defines its market share concentration; none of the top three companies are expected to make up a significant share of total industry revenue in 2018. The industry is fragmented and highly competitive, with thousands of companies competing for their share of the market. In 2018, the top three industry operators are expected to account for just 4.6% of total industry revenue. Competitive pressures encourage product development, advancements in automation and price-based competition...purchase to read more.

    Additional Insights for the Textile Mills Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Textile Mills Industry are

  • Access to niche markets
  • Proximity to key suppliers
  • Economies of scale
  • IBISWorld analysts also discuss how external factors such as New car sales and Private spending on home improvements in the Textile Mills industry impact industry performance..

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    What's in this report

    What is the Textile Mills Industry?

    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.

    Industry Products
  • Yarn, fiber and thread
  • Woven and knit fabrics
  • Nonwoven fabrics
  • Finished and coated fabrics
  • Curtains and linens
  • Textile bags and canvas
  • Industry Activities
  • Spinning yarn
  • Manufacturing woven fabrics
  • Manufacturing nonwoven fabrics
  • Manufacturing knit fabrics
  • Manufacturing curtains and drapes
  • Manufacturing narrow fabrics or ribbon
  • Manufacturing textile bags
  • Coating fabrics
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • New car sales
  • Private spending on home improvements
  • Import penetration into the manufacturing sector
  • Demand from apparel manufacturing
  • Trade-weighted index

  • Current Performance
  • New markets emerge
  • Import penetration and industry profit
  • Chart: Revenue Growth

  • Industry Outlook
  • International trade
  • Fluctuating demand
  • Increasing automation and stable profit
  • Table: Textile Mills Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Textile Mills Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Men's & Boys' Apparel Manufacturing
  • Women’s, Girls’ and Infants’ Apparel Manufacturing
  • Car & Automobile Manufacturing
  • Home Furnishings Stores
  • Hospitals
  • Hotels & Motels

  • Key Selling Industries
  • Adhesive Manufacturing
  • Cotton Farming
  • Dye & Pigment Manufacturing
  • Synthetic Fiber Manufacturing

  • Products & Services
  • Finished and coated fabrics
  • Yarn, fiber and thread
  • Other
  • Nonwoven fabrics
  • Woven and knit fabrics
  • Curtains and linens
  • Textile bags and canvas
  • Chart: Textile Mills Industry Products and Services Segmentation

  • Demand Determinants
  • Downstream industry health
  • Shifts in fashion
  • Technology and substitutes

  • Major Markets
  • Technical textile markets
  • Exports
  • Home furnishing markets
  • Apparel manufacturers
  • Chart: Major Market Segmentation for the Textile Mills Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciation, rent and utilities, and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Textile Mills

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Textile Mills Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Textile Mills Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Textile Mills Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • New Car Sales (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Knit Fabric
  • A fabric created by the interlooping of several pieces of yarn or thread to create a stretchy consistency.
  • Nonwoven Fabric
  • A material that is often nonflammable or water-resistant and used in the production of specialized uniforms for military and fire department officials.
  • Offshoring
  • The transfer of manufacturing operations to another country, regardless of whether the work is outsourced or stays within the same corporation or company.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Textile Mills contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

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    This report on Textile Mills:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Textile Mills market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Textile Mills, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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