North America Textile Market Growth, Size, Trends, Demand, Share, Revenue and Future Outlook
North America Textile Market Size- By Application, By Material Type, By Process- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: May-2024 | Report ID: FMCG24108 | Pages: 1 - 155 | Formats*: |
| Category : Consumer & Retail | |||
North America Textile Market Introduction and Overview
According to SPER Market Research, the North America Textile Market is estimated to reach USD 141.5 billion by 2033 with a CAGR 4.08%.
The report includes an in-depth analysis of the North America Textile Market, including market size and trends, product mix, distribution channels, and supplier analysis. A vital component of modern culture, textiles are made from a wide range of materials and processes. Textiles are materials primarily composed of fibers or threads that are knitted, weaved, or otherwise fashioned into cloth. Textiles have been essential to civilization from ancient times to the present, acting as prestige, culture, and artistic symbols in addition to being practical objects for clothing and housing. The procedures used in the textile business are varied and include spinning fibers into yarn, knitting or weaving yarns into fabric, printing and dying patterns on fabrics, and finishing techniques to improve properties like texture, strength, and appearance.
- In February 2023: SK Capital Partners' portfolio business Archroma acquired the Textile Effects subsidiary of Huntsman Corporation (NYSE: HUN). The purchase price that was agreed upon was USD 593 million, which included assumed pension liabilities in cash. Prior to the usual post-closing adjustments, Huntsman projects the net after-tax cash proceeds to be roughly USD 540 million.
- December 2022: To increase bilateral trade, Canada and India are negotiating a free trade agreement (FTA). The Indian textile sector has proposed a number of agreement-related regulations. If the planned Free Trade Agreement (FTA) would lead to an increase in export orders will depend on its terms. India exports very little clothing to Canada at the moment.
Market Opportunities and Challenges
Opportunities: The cloud hiring market among apparel industry enterprises remained dominated by North America. After that, cloud roles in Europe changed by 3.6 percentage points annually. The good weather and sufficient water availability in almost all producing states have made the cotton harvest successful so far. A combination of strong domestic and international demand and favorable international fiber prices usually leads to increased output. Yet, because to their inability to obtain high-quality genetically modified seeds and additional inputs like agrochemicals and organic fertilizers, growers haven't been able to fully capitalize on chances. Texas cotton imports are robust and are predicted to increase since the textile industry in Mexico depends on the best quality American cotton to meet demand.
Challenges: The size of the textile and apparel manufacturing sector has decreased significantly over the past few decades due to a number of causes, including automation, import competition, and evolving U.S. comparative advantages for related products. In addition, the textile industry is confronted with a wide range of difficulties that include social, environmental, and economic issues. Changing consumer demand, unstable raw material costs, and intense rivalry from low-cost suppliers in emerging economies are some of the economic issues. Furthermore, these issues have become more pressing as a result of supply chain globalization, raising worries about employment losses in historically textile-producing areas. The textile sector has challenges related to pollution, depletion of resources, and waste generation on the environmental front.
Market Competitive Landscape
The textile sector in North America is extremely fragmented, with numerous domestic and foreign companies coming in fourth place in terms of worldwide export value, behind Germany, China, and India. Among the leading companies in the industry are Levi Strauss & Co., American Eagle Outfitters Inc., Fabrico, Hennes & Mauritz AB, Albany International Corp., and others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Application, By Material Type, By Process |
| Regions covered | United States, Canada, Mexico |
| Companies Covered | American Eagle Outfitters Inc., DuPont de Nemours Inc., Elevate Textiles Inc., Guilford Mills Inc., Hennes & Mauritz AB, Levi Strauss & Co., Mohawk Industries Inc., Nike Inc., Standard Textile Co. Inc., The Dixie Group Inc., Welspun India Ltd, WestPoint Home Inc. |
COVID-19 Impact on North America Textile Market
The market for textiles first declined significantly as a result of the widespread lockdowns and disruptions to global supply chains, especially in the fashion and garment industries. Many textile manufacturers experienced decreased orders and revenue losses as a result of closed retail locations and reduced consumer spending. These difficulties were made worse by the closing of manufacturing sites in order to adhere to social distancing regulations. But in the midst of the crisis, the industry saw chances for innovation and adaptability.
Key Target Audience:
- Fashion Retailers
- Apparel Manufacturers
- Interior Designers
- Home Furnishing Brands
- Industrial Buyers
- Textile Wholesalers
- Fashion Designers
Our in-depth analysis of the North America Textile Market includes the following segments:
| By Application: |
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| By Material Type: |
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| By Process: |
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Key Topics Covered in the Report:
- North America Textile Market Size (FY’2024-FY’2033)
- Overview of North America Textile Market
- Segmentation of North America Textile Market By Application (Clothing, Industrial/Technical Applications, Household Applications)
- Segmentation of North America Textile Market By Material Type (Cotton, Jute, Silk, Synthetics, Wool)
- Segmentation of North America Textile Market By Process (Woven, Non-woven)
- Expansion Analysis of North America Textile Market
- Problems and Obstacles in North America Textile Market
- Competitive Landscape in the North America Textile Market
- Impact of COVID-19 and Demonetization on North America Textile Market
- Details on Current Investment in North America Textile Market
- Competitive Analysis of North America Textile Market
- Prominent Players in the North America Textile Market
- SWOT Analysis of North America Textile Market
- North America Textile Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the North America Textile Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. North America Textile Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in North America Textile Market
7. North America Textile Market, By Application (USD Million) 2020-2033
7.1. North America Textile Market Size, Share and Forecast, By Application, 2020-20267.2. North America Textile Market Size, Share and Forecast, By Application, 2027-20337.3. Clothing7.4. Industrial/Technical Applications7.5. Household Applications
8. North America Textile Market, By Material Type (USD Million) 2020-2033
8.1. North America Textile Market Size, Share and Forecast, By Material Type, 2020-20268.2. North America Textile Market Size, Share and Forecast, By Material Type, 2027-20338.3. Cotton8.4. Jute8.5. Silk8.6. Synthetics8.7. Wool
9. North America Textile Market, By Process (USD Million) 2020-2033
9.1. North America Textile Market Size, Share and Forecast, By Process, 2020-20269.2. North America Textile Market Size, Share and Forecast, By Process, 2027-20339.3. Woven9.4. Non-woven
10. North America Textile Market Forecast, 2020-2033 (USD Million)
10.1. North America Textile Market Size and Market Share
11. North America Textile Market, By Region, 2020-2033 (USD Million)
11.1. North America Textile Market Size and Market Share By Region (2020-2026)11.2. North America Textile Market Size and Market Share By Region (2027-2033)11.3. United States11.4. Canada11.5. Mexico
12. Company Profile
12.1. American Eagle Outfitters Inc.12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments12.2. DuPont de Nemours Inc.12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments12.3. Elevate Textiles Inc12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments12.4. Guilford Mills Inc.12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments12.5. Hennes & Mauritz AB12.5.1. Company details12.5.2. Financial outlook12.5.3. Product summary12.5.4. Recent developments12.6. Levi Strauss & Co.12.6.1. Company details12.6.2. Financial outlook12.6.3. Product summary12.6.4. Recent developments12.7. Mohawk Industries Inc.12.7.1. Company details12.7.2. Financial outlook12.7.3. Product summary12.7.4. Recent developments12.8. Nike Inc.12.8.1. Company details12.8.2. Financial outlook12.8.3. Product summary12.8.4. Recent developments12.9. Standard Textile Co. Inc.12.9.1. Company details12.9.2. Financial outlook12.9.3. Product summary12.9.4. Recent developments12.10. The Dixie Group Inc.12.10.1. Company details12.10.2. Financial outlook12.10.3. Product summary12.10.4. Recent developments12.11. Welspun India Ltd12.11.1. Company details12.11.2. Financial outlook12.11.3. Product summary12.11.4. Recent developments12.12. WestPoint Home Inc.12.12.1. Company details12.12.2. Financial outlook12.12.3. Product summary12.12.4. Recent developments12.13. Others
13. Conclusion
14. Reference Links
15. List of Abbreviations
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
North America Textile Market is projected to reach USD 141.5 billion by 2033, growing at a CAGR of 4.08% during the forecast period.
North America Textile Market size from 2022. The Market is expected to reach USD 141.5 billion by 2033, at a CAGR of 4.08% during the forecast period.
North America Textile Market CAGR of 4.08% during the forecast period.
You can get the sample pages by clicking the link - Click Here
North America Textile Market size is 141.5 billion from 2024 to 2033.
North America Textile Market Segment is covered By Application, By Material Type, By Process.
The North America anticipated to have the highest market share in the North America Textile Market.
"The key players in the market include Companies Covered American Eagle Outfitters Inc., DuPont de Nemours Inc., Elevate Textiles Inc., Guilford Mills Inc., Hennes & Mauritz AB, Levi Strauss & Co., Mohawk Industries Inc., Nike Inc., Standard Textile Co. Inc., The Dixie Group Inc., Welspun India Ltd, WestPoint Home Inc.
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The procedures used in the textile business are varied and include spinning fibers into yarn, knitting or weaving yarns into fabric, printing and dying patterns on fabrics
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