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.
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.
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.