Summary

The textile industry in North America is estimated to grow at a CAGR of 3.21% over the forecast period of 2019-2024.

Key Highlights
The US is a major market in the North American textile industry. North America as a whole accounted for more than 41% of the exports in the global textile industry in 2018. The technical textiles industry in North America is one of the largest in the world.
Trade agreements, particularly NAFTA and the CBI agreements, have caused revision in business strategies. NAFTA (the North American Free Trade Agreement) is the most prominent one and concerns primarily Mexico, Canada, and the United States.
The CBI (Caribbean Basin Initiative) involves more than a dozen near-by countries and allows US textiles or components to be shipped for sewing and fabrication and shipped back with duties only on value added.


Key Market Trends

Technical textile industry in North America


The technical textiles industry in North America is one of the largest market in the globe. Majorly the non-woven fabrics are expected to drive the textile market over the forecast period.
The end use markets for non-woven textiles are classified as either disposable or durables. The disposable end use markets are made up of product categories such as absorbent hygiene, wipes, filtration, medical and surgical and protective apparel, while the durable end use markets are comprised of geo-synthetics, home and office furnishings, transportation, building construction, and other durables.
Nonwovens are being used to make products lighter, more efficient, and cost-effective. More and more of these lighter and long-lasting non-woven fabrics are being introduced in a variety of fields including packaging and autos.
The specialty and industrial fabrics serve an array of markets, everything from awnings to auto airbags. As the U.S. specialty fabric business has continued to grow, some areas are seeing rapid advancement, for example, the base fabric used in road construction, erosion control, and spoil containment in landfills. Automotive textiles represent the most valuable world market for industrial textiles.
Also, medical textiles are one of the most important, continuously expanding and growing fields in technical textiles. The medical textile industry has been improving existing products and creating new ones with new materials and innovative designs. Some of these new products are being designed for less invasive surgical procedures, infection control, and accelerated healing.


Expansion of United States Textile Industry


The U.S. textile industry supply chain—from textile fibers to apparel and other sewn products—employed 594,147 workers in 2018. The U.S. government estimates that one textile manufacturing job in this country supports three other jobs.
U.S. textile and apparel shipments totaled USD 77 billion in 2018 and it is the fourth largest exporter of textile-related products in the world. Fiber, textile, and apparel exports combined were USD 30 billion in 2018.
Excluding raw cotton and wool, half of U.S. textile supply chain exports went to our Western Hemisphere free trade partners in 2018. The entire U.S. textile supply chain exported to more than 200 countries, with 27 countries importing more than USD 100 million
The United States is the world leader in textile research and development, with the U.S. textile complex developing next-generation textile materials such as conductive fabric with antistatic properties, electronic textiles that can monitor heart rate and other vital signs, antimicrobial fibers, lifesaving body armor, and new fabrics that adapt to the climate to make the wearer warmer or cooler.
The U.S. textile industry invested approximately USD 23 billion in new plants and equipment from 2006 to 2017. Recently U.S. manufacturers have opened new facilities throughout the textile production chain, including recycling facilities to convert textile and other waste to new textile uses and resins. U.S. textile mills have increased labor productivity by 60% over the last two decades.


Competitive Landscape

The report covers the major players operating in the North America Textile Industry. In terms of market share, the companies in the textile industry do not have considerable amount of market share as the market is competitive and fragmented.

Additional Benefits:

The market estimate (ME) sheet in Excel format
3 months of analyst support

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