$46.6bn
$X.Xbn
162k
12,167
$X.Xbn
Textile mills in the United States are navigating a swiftly changing industry landscape, influenced by evolving consumer preferences, technological advancements and global economic factors. Recent performance underscores a sector in transition, adapting to new demands for sustainability and efficiency while contending with supply chain challenges. These trends reshape the industry, prompting mills to innovate and adjust their strategies to maintain competitiveness. Revenue for textile mills is set to drop at a CAGR of 1.0% through the end of 2024 to $46.6 billion, including a 0.3% decrease in 2024 alone.
Industry revenue has declined at a CAGR of 1.0 % over the past five years, to reach an estimated $46.6bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Elevate Textiles, Inc. | 1,671.7 | 60.6 | 3.6 | |
American & Efird LLC | 116.1 | 4.2 | 3.6 | |
Uline, Inc. | 42.4 | 1.5 | 3.6 |
To view the market share and analysis for all 8 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Yarn, fiber and thread, Woven and knit fabrics and Nonwoven fabrics. Yarn, fiber and thread is the largest segment of the Textile Mills in the US.
Clothing fabrics hurt by apparel manufacturers utilizing overseas textile mills
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.
Purchase this report to view all 8 major companies in this industry.
NAICS 31311 - Textile Mills in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Textile mills are dependent on purchases from automobile interior manufacturers. The recent computer chip shortage caused textile mill revenue to fall.
Learn about an industry's products and services, markets and trends in international trade.
Home textiles experienced a drop. Many consumers refrained from making purchases, primarily due to the reluctance to take advantage of the prevailing high-interest rates in t...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Textile mills choose regions close to cotton growers. Established textile mills have integrated upstream fiber mills to save on costs.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Domestic textile mills are losing on price to foreign competitors. Downstream manufacturers seeking lower-cost products import textiles, leading to US textile mills losing re...
Learn about the performance of the top companies in the industry.
A fragmented industry refers to one where no single firm dominates the market. Various subindustries that support the primary industry's operations often facilitate this situ...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
A computer chip shortage has impacted automobile manufacturing. As a result, demand for technical textiles in the industry has decreased.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Textile mills are reliant on natural and synthetic fibers. Recent supply chain issues have increased the cost of these raw materials.
Including values and annual change:
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Unlock comprehensive answers and precise data upon purchase. View purchase options.
The market size of the Textile Mills in the US industry in United States is $46.6bn in 2024.
There are 12,167 businesses in the Textile Mills in the US industry in United States, which has declined at a CAGR of 2.3 % between 2019 and 2024.
The market size of the Textile Mills in the US industry in United States has been declining at a CAGR of 1.0 % between 2019 and 2024.
Over the next five years, the Textile Mills in the US industry in United States is expected to grow.
The biggest companies operating in the Textile Mills market in United States are Elevate Textiles, Inc., American & Efird LLC and Uline, Inc.
Spinning yarn and Woven fabrics are part of the Textile Mills in the US industry.
The company holding the most market share in United States is Elevate Textiles, Inc..
The level of competition is high and steady in the Textile Mills in the US industry in United States.