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

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 coveredBy 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:
  • Clothing
  • Industrial/Technical Applications
  • Household Applications
  • By Material Type:
  • Cotton
  • Jute
  • Silk
  • Synthetics
  • Wool
  • By Process:
  • Woven
  • Non-woven
  • 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 report 
    1.2. Market segment analysis

    2. Research Methodology
    2.1. Research data source
    2.1.1. Secondary Data
    2.1.2. Primary Data
    2.1.3. SPER’s internal database
    2.1.4. Premium insight from KOL’s
    2.2. Market size estimation
    2.2.1. Top-down and Bottom-up approach
    2.3. Data triangulation

    3. Executive Summary

    4. Market Dynamics
    4.1. Driver, Restraint, Opportunity and Challenges analysis
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunities
    4.1.4. Challenges
    4.2. COVID-19 Impacts of the North America Textile Market 

    5. Market variable and outlook
    5.1. SWOT Analysis
    5.1.1. Strengths
    5.1.2. Weaknesses
    5.1.3. Opportunities
    5.1.4. Threats
    5.2. PESTEL Analysis
    5.2.1. Political Landscape
    5.2.2. Economic Landscape
    5.2.3. Social Landscape
    5.2.4. Technological Landscape
    5.2.5. Environmental Landscape
    5.2.6. Legal Landscape
    5.3. PORTER’s Five Forces 
    5.3.1. Bargaining power of suppliers
    5.3.2. Bargaining power of buyers
    5.3.3. Threat of Substitute
    5.3.4. Threat of new entrant
    5.3.5. Competitive rivalry
    5.4. Heat Map Analysis

    6. Competitive Landscape
    6.1. North America Textile Market Manufacturing Base Distribution, Sales Area, Product Type 
    6.2. 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, 2020-2026 
    7.2. North America Textile Market Size, Share and Forecast, By Application, 2027-2033
    7.3. Clothing
    7.4. Industrial/Technical Applications
    7.5. 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, 2020-2026 
    8.2. North America Textile Market Size, Share and Forecast, By Material Type, 2027-2033
    8.3. Cotton
    8.4. Jute
    8.5. Silk
    8.6. Synthetics
    8.7. Wool

    9. North America Textile Market, By Process (USD Million) 2020-2033
    9.1. North America Textile Market Size, Share and Forecast, By Process, 2020-2026 
    9.2. North America Textile Market Size, Share and Forecast, By Process, 2027-2033
    9.3. Woven
    9.4. 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 States
    11.4. Canada
    11.5. Mexico

    12. Company Profile
    12.1. American Eagle Outfitters Inc.
    12.1.1. Company details
    12.1.2. Financial outlook
    12.1.3. Product summary 
    12.1.4. Recent developments
    12.2. DuPont de Nemours Inc.
    12.2.1. Company details
    12.2.2. Financial outlook
    12.2.3. Product summary 
    12.2.4. Recent developments
    12.3. Elevate Textiles Inc
    12.3.1. Company details
    12.3.2. Financial outlook
    12.3.3. Product summary 
    12.3.4. Recent developments
    12.4. Guilford Mills Inc.
    12.4.1. Company details
    12.4.2. Financial outlook
    12.4.3. Product summary 
    12.4.4. Recent developments
    12.5. Hennes & Mauritz AB
    12.5.1. Company details
    12.5.2. Financial outlook
    12.5.3. Product summary 
    12.5.4. Recent developments
    12.6. Levi Strauss & Co.
    12.6.1. Company details
    12.6.2. Financial outlook
    12.6.3. Product summary 
    12.6.4. Recent developments
    12.7. Mohawk Industries Inc.
    12.7.1. Company details
    12.7.2. Financial outlook
    12.7.3. Product summary 
    12.7.4. Recent developments
    12.8. Nike Inc.
    12.8.1. Company details
    12.8.2. Financial outlook
    12.8.3. Product summary 
    12.8.4. Recent developments
    12.9. Standard Textile Co. Inc.
    12.9.1. Company details
    12.9.2. Financial outlook
    12.9.3. Product summary 
    12.9.4. Recent developments
    12.10. The Dixie Group Inc.
    12.10.1. Company details
    12.10.2. Financial outlook
    12.10.3. Product summary 
    12.10.4. Recent developments
    12.11. Welspun India Ltd
    12.11.1. Company details
    12.11.2. Financial outlook
    12.11.3. Product summary 
    12.11.4. Recent developments
    12.12. WestPoint Home Inc.
    12.12.1. Company details
    12.12.2. Financial outlook
    12.12.3. Product summary 
    12.12.4. Recent developments
    12.13. 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.

    SPER-Methodology-1

    SPER-Methodology-2

    SPER-Methodology-3


    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. "
    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
    Not able to find what you are looking for? Need customization in the existing report?
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