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2024 U.S. Industry Statistics & Market Forecast - Textile and Fabric Finishing Mills
Market Size & Industry Statistics
The total U.S. industry market size for Textile and Fabric Finishing Mills:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2019 2020 2021 2022 2023 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|
| Market Forecast ($ millions) | ||||||
| Projected Industry Growth Rate (%) | ||||||
Industry Insights
The Textile & Fabric Finishing Mills industry is heavily influenced by several key trends. One of the most significant trends is sustainable manufacturing practices. With growing concerns about the impact of textile production on the environment, more and more mills are investing in eco-friendly technologies and processes to reduce waste and energy consumption.Another trend that is shaping the industry is the increasing popularity of technical textiles. These fabrics are designed for specific applications, such as medical or industrial uses, and require specialized finishing techniques to achieve the desired properties. As demand for technical textiles continues to rise, mills are investing in advanced machinery and technologies to enable them to produce these specialized fabrics efficiently.
Digitalization and automation are also transforming the Textile & Fabric Finishing Mills industry. Advancements in technology are enabling mills to streamline their operations by automating processes such as cutting, sewing, and finishing. This allows mills to increase efficiency, reduce costs, and improve product quality.
Finally, changing consumer preferences are driving shifts in the industry. Consumers increasingly value products that are comfortable, durable, and eco-friendly. This has led to the development of new finishing techniques that enhance fabric softness, strength, and sustainability. Mills are also exploring new materials, such as recycled fabrics and innovative synthetic materials, in response to changing consumer demands.
U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) | |
|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Textile and Fabric Finishing Mills company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Textile and Fabric Finishing Mills industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Textile and Fabric Finishing Mills measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 7% | Order at top of page |
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| General and Operations Managers | 3% | |||
| Office and Administrative Support Occupations | 13% | |||
| Material Recording, Scheduling, Dispatching, and Distributing Workers | 5% | |||
| Production Occupations | 56% | |||
| Supervisors of Production Workers | 5% | |||
| First-Line Supervisors of Production and Operating Workers | 5% | |||
| First-Line Supervisors of Production and Operating Workers | 5% | |||
| Textile, Apparel, and Furnishings Workers | 29% | |||
| Textile Machine Setters, Operators, and Tenders | 21% | |||
| Textile Bleaching and Dyeing Machine Operators and Tenders | 16% | |||
| Other Production Occupations | 17% | |||
| Inspectors, Testers, Sorters, Samplers, and Weighers | 6% | |||
| Inspectors, Testers, Sorters, Samplers, and Weighers | 6% | |||
| Painting Workers | 5% | |||
| Coating, Painting, and Spraying Machine Setters, Operators, and Tenders | 5% | |||
| Transportation and Material Moving Occupations | 8% | |||
| Material Moving Workers | 7% | |||
| Laborers and Material Movers | 6% | |||
Textile and Fabric Finishing Mills Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Textile and Fabric Finishing Mills industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Textile and Fabric Finishing Mills industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Textile and Fabric Finishing Mills industry. |
Source:
Innovation News
- Jan 30, 2024: Origin BJJ trademarks "ORIGIN RTX" - Pants; Bottoms as clothing; Clothing jackets; T-shirts; Tops as clothing
- Nov 30, 2023: Unitex International trademarks "UNITEX" - towels; glass cloths being towels; moisture absorbent microfiber towels for cleaning use; towels for use in salons and barber shops; towels of textile; beach towels; cotton towels
- Nov 30, 2023: United Fabrics International trademarks "VERDURE" - Cotton fabrics; Cotton base mixed fabrics; Rayon fabric
- Nov 26, 2015: Ram Group patents Reversible Sling Shirt
- Feb 13, 2014: Matchmaster Dyeing & Finishing patents Flame Retardant Fabrics And Methods For Manufacturing The Same
- Feb 13, 2014: Matchmaster Dyeing & Finishing patents Flame Retardant Fabrics And Methods For Manufacturing The Same
Recent Federal Contracts for Textile and Fabric Finishing Mills- Mar 30, 2024: TRUETANDEM, LLC (Herndon, VA) awarded $1,215,946
- Mar 27, 2024: DISTRICT SAFETY PRODUCTS, INC. (Sterling, VA) awarded $5,693
- Mar 26, 2024: SOUTHERN MILLS, INC. (Union City, GA) awarded $150,000
- Mar 13, 2024: STARK SCALAMANDRE FABRIC LLC (New York, NY) awarded $12,104
- Mar 12, 2024: MISCELLANEOUS FOREIGN AWARDEES (Washington, DC) awarded $11,414
- Mar 05, 2024: BEVERLY KNITS INC (Gastonia, NC) awarded $415,150
- Mar 30, 2024: TRUETANDEM, LLC (Herndon, VA) awarded $1,215,946
- Mar 27, 2024: DISTRICT SAFETY PRODUCTS, INC. (Sterling, VA) awarded $5,693
- Mar 26, 2024: SOUTHERN MILLS, INC. (Union City, GA) awarded $150,000
- Mar 13, 2024: STARK SCALAMANDRE FABRIC LLC (New York, NY) awarded $12,104
- Mar 12, 2024: MISCELLANEOUS FOREIGN AWARDEES (Washington, DC) awarded $11,414
- Mar 05, 2024: BEVERLY KNITS INC (Gastonia, NC) awarded $415,150
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