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2024 U.S. Industry Statistics & Market Forecast - Rope, Cordage, Twine, Tire Cord, and Tire Fabric Mills
Market Size & Industry Statistics
The total U.S. industry market size for Rope, Cordage, Twine, Tire Cord, and Tire Fabric 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 rope, cordage, and twine mills industry is witnessing a rapid shift in demand patterns due to the changing needs of end-users in various sectors. Some of the key trends affecting the industry include sustainability, automation, customization, and innovation.Sustainability has become a critical factor in the rope, cordage and twine mills industry owing to the increasing awareness of the environmental impact of materials and the demand for eco-friendly products. More companies are switching to biodegradable materials and using sustainable production methods to reduce carbon footprint.
Automation has also affected industry operations, with modern machinery being developed to increase production efficiency and decrease labor costs. This has allowed companies to improve product quality while reducing turnaround times, minimizing wastage, and enhancing worker safety.
Customization also remains a significant trend, with companies seeking to tailor their products to meet the specific needs of different industries and applications. This has led to the development of diverse products with unique attributes to meet specific requirements.
Innovation has continued to drive the industry, with companies investing in research and development to create new and improved products. The innovation process is geared towards enhancing product functionality, durability, and strength in diverse applications.
Overall, the rope, cordage, and twine mills industry is characterized by rapid advancement as companies seek to meet the evolving demands of end-users in various sectors while embracing sustainable practices, automation, customization, and innovation.
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 Rope, Cordage, Twine, Tire Cord, and Tire Fabric 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 Rope, Cordage, Twine, Tire Cord, and Tire Fabric 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 Rope, Cordage, Twine, Tire Cord, and Tire Fabric 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 | 6% | Order at top of page |
||
| Chief Executives | 0% | |||
| General and Operations Managers | 4% | |||
| Sales and Related Occupations | 5% | |||
| Office and Administrative Support Occupations | 11% | |||
| Production Occupations | 63% | |||
| Supervisors of Production Workers | 5% | |||
| First-Line Supervisors of Production and Operating Workers | 5% | |||
| First-Line Supervisors of Production and Operating Workers | 5% | |||
| Assemblers and Fabricators | 7% | |||
| Miscellaneous Assemblers and Fabricators | 7% | |||
| Textile, Apparel, and Furnishings Workers | 42% | |||
| Sewing Machine Operators | 32% | |||
| Sewing Machine Operators | 32% | |||
| Textile Machine Setters, Operators, and Tenders | 5% | |||
| Transportation and Material Moving Occupations | 5% | |||
Rope, Cordage, Twine, Tire Cord, and Tire Fabric Mills Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Rope, Cordage, Twine, Tire Cord, and Tire Fabric 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 Rope, Cordage, Twine, Tire Cord, and Tire Fabric 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 Rope, Cordage, Twine, Tire Cord, and Tire Fabric Mills industry. |
Source:
Innovation News
- Dec 22, 2023: Cortland Industrial trademarks "CORTLAND INTERNATIONAL" - Synthetic umbilical cables; Non-metal umbilical cables; Umbilical cables for marine, aerospace, military and security applications; Umbilical cables for industrial applications; Safety nets for marine, aerospace, military and security applications; Safety nets for industrial applications
- Dec 21, 2023: International Marketing Systems trademarks "NORTH HILL GOODS" - Online retail store services featuring party supplies, costumes, novelty toy items, decorations, party apparel
- Aug 18, 2023: Lift-IT Manufacturing trademarks "PROLINE12" - Rope slings; cargo slings of rope or fabric or sythetic materials
- Dec 27, 2017: Applied Fiber Manufacturing raises $3 million in funding.
- Dec 27, 2017: Applied Fiber Manufacturing raises $5 million in funding.
Recent Federal Contracts for Rope, Cordage, Twine, Tire Cord, and Tire Fabric Mills- Apr 02, 2024: T.W. EVANS CORDAGE CO. INC. (Cranston, RI) awarded $1,276
- Mar 18, 2024: CERTEX USA, INC. (Phoenix, AZ) awarded $36,243
- Mar 12, 2024: FRONTIER MARKET SOLUTIONS LLC (Mount Vernon, WA) awarded $43,498
- Mar 07, 2024: COPPERTOP ENTERPRISES, INC. (Everson, WA) awarded $50,562
- Feb 28, 2024: YALE CORDAGE INC (Saco, ME) awarded $13,000
- Feb 22, 2024: VERTRAGOV INC (Sugar Land, TX) awarded $35,870
- Apr 02, 2024: T.W. EVANS CORDAGE CO. INC. (Cranston, RI) awarded $1,276
- Mar 18, 2024: CERTEX USA, INC. (Phoenix, AZ) awarded $36,243
- Mar 12, 2024: FRONTIER MARKET SOLUTIONS LLC (Mount Vernon, WA) awarded $43,498
- Mar 07, 2024: COPPERTOP ENTERPRISES, INC. (Everson, WA) awarded $50,562
- Feb 28, 2024: YALE CORDAGE INC (Saco, ME) awarded $13,000
- Feb 22, 2024: VERTRAGOV INC (Sugar Land, TX) awarded $35,870
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