North America Textile Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 99.82 Billion |
| Market Size (2029) | USD 120.58 Billion |
| CAGR (2024 - 2029) | 3.85 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Textile Market Analysis
The North America Textile Market size is estimated at USD 99.82 billion in 2024, and is expected to reach USD 120.58 billion by 2029, growing at a CAGR of 3.85% during the forecast period (2024-2029).
- Due to various factors, including automation, import competition, and shifting U.S. comparative advantages for related products, the scale of the textile and clothing manufacturing industry has dramatically decreased over the past few decades. However, American textile production is slowly making a comeback.
- According to the U.S. government, one job in textile production supports three more jobs. 534,000 people were employed throughout the entire textile supply chain in the United States in 2021, from textile fibers to clothing and other sewed goods. As per national statistics, American shipments of textiles and clothing in 2021 were valued at USD 65.2 billion. Regarding exports of goods related to textiles, the United States ranks second globally. The fiber, textiles, and clothing exports in 2021 were valued at USD 28.4 billion.
- The global market is highly competitive due to lower salaries offered by nations like China and India and their large production of goods. However, wages aren't the sole factor in creating and sustaining a profit in the U.S. textile sector. The incorporation of top-notch materials and research and development results in completed goods. These goods are mainly profited from automation, energy expenses, and tax considerations, all of which affect the bottom line. These are only a few advantages American textile companies have over their rivals abroad.
- The non-profit business and investment council ThinkHUGE, composed of representatives from Honduras, the U.S., Guatemala, and El Salvador, has announced new textile investments in the Northern Triangle valued at USD 340 million. Recently, Elcatex committed to spending over USD 140 million to expand its activities in the yarn, textile, and clothing industries.
North America Textile Market Trends
Increasing demand for North America's apparels driving the market
North America continued to dominate the cloud hiring market among businesses in the garment sector. As per U.S. statistics, North American roles comprised 69.9% of all cloud employment, an increase from 59.5% in the same period the previous year. Europe came next, with a 3.6 percentage point change in cloud roles year over year.
The cotton harvest is ongoing and going well due to ideal weather and adequate water supply in practically all producing states. Increased production typically results from favorable international fiber prices and high domestic and global demand. Still, producers haven't been able to take full advantage of opportunities because they can't access high-quality genetically modified seeds and other inputs like agrochemicals and non-chemical fertilizers. Given that Mexico's textile sector relies on American cotton of the highest quality to meet demand, cotton imports from the United States are strong and are expected to rise.
Revenue in the Apparel segment of North America is projected to reach USD 133.10 billion in the current year. Apparel revenue is expected to register a CAGR of 9.71% during the forecast period, resulting in a projected market volume of USD 192.80 billion in five years in North America. These stats show the positive outlook of the textile market in North America.
Expansion of United States Textile Industry
In the first half of 2022, the United States exports of textiles and clothing increased by 13.10% from the previous year. Compared to the same period in 2021, exports rose to USD 12.44 billion from January through June 2022 from USD 10.99 billion, according to data from the Office of Textiles and Apparel, a U.S. Department of Commerce division.
In terms of categories, during the first half of 2022, garments exports rose by 24.97% yearly to USD 3.489 billion, while exports of products from textile mills increased by 6.07% to USD 8.945 billion. While fabric exports rose 3.58% to USD 4.460 billion and made-up and other article exports jumped 9.15% to USD 2.18 billion, yarn exports increased by 21.34% yearly to USD 2.313 billion.
Mexico and Canada represented more than half of all U.S. textile and apparel exports during the period under consideration. During the past six months, the U.S. has given Mexico USD 3.47 billion in textile and apparel exports, followed by USD 3.0 billion to Canada and USD 0.86 billion to Honduras.
North America Textile Industry Overview
The North American textile industry is highly fragmented, with many local and international players ranking fourth in global export value behind China, India, and Germany. The key players in the market are Albany International Corp, Fabrico, American Eagle Outfitters Inc., Hennes & Mauritz AB, and Levi Strauss & Co., among others.
The factors contributing to the market growth in this region are a rise in income level, an increase in the working-class population, homes of the world's leading clothing brands, and a high standard of living.
North America Textile Market Leaders
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WestPoint Home Inc.
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American Eagle Outfitters Inc.
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Hennes & Mauritz AB
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Levi Strauss & Co
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Albany International Corp.
*Disclaimer: Major Players sorted in no particular order
North America Textile Market News
- February 2023: Huntsman Corporation (NYSE: HUN) announced that it has completed the sale of its Textile Effects division to Archroma, a portfolio company of SK Capital Partners. The agreed purchase price was USD 593 million in cash plus assumed pension liabilities. Huntsman expects the net after-tax cash proceeds to be approximately USD 540 million before customary post-closing adjustments.
- December 2022: India and Canada are negotiating a free trade agreement (FTA) to boost bilateral trade. The Indian textile industry has suggested various rules related to the agreement. The conditions of the proposed FTA will determine if it will help get more export orders. Currently, India’s apparel exports to Canada are negligible.
- August 2022: Huntsman Corporation, an American multinational manufacturer and marketer of chemical products, has announced that Archroma, a global leader in sustainable specialty chemicals and solutions and a portfolio company of the US-based private investment firm SK Capital Partners, has entered into a definitive agreement to acquire the Textile Effects business.
North America Textile Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumption and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 Increasing demand for clothing and accessories
- 4.2.2 Availability of raw materials at low prices for textile manufacturers
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4.3 Market Restraints
- 4.3.1 Textile waste
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4.4 Market Opportunities
- 4.4.1 Increase of Smart Textiles
- 4.5 Value Chain/Supply Chain Analysis
- 4.6 Government Regulations and Initiatives
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4.7 Industry Attractiveness - Porter's Five Forces Analysis
- 4.7.1 Bargaining Power of Suppliers
- 4.7.2 Bargaining Power of Buyers / Consumers
- 4.7.3 Threat of New Entrants
- 4.7.4 Threat of Substitute Products
- 4.7.5 Intensity of Competitive Rivalry
- 4.8 Technological Trends in the Market
- 4.9 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
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5.1 By Application
- 5.1.1 Clothing
- 5.1.2 Industrial/Technical Applications
- 5.1.3 Household Applications
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5.2 By Material Type
- 5.2.1 Cotton
- 5.2.2 Jute
- 5.2.3 Silk
- 5.2.4 Synthetics
- 5.2.5 Wool
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5.3 By Process
- 5.3.1 Woven
- 5.3.2 Non-woven
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5.4 By Country
- 5.4.1 United States
- 5.4.2 Canada
- 5.4.3 Mexico
6. COMPETITIVE LANDSCAPE
- 6.1 Market Concentration Overview
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6.2 Company Profiles
- 6.2.1 Nike Inc.
- 6.2.2 The Dixie Group Inc.
- 6.2.3 American Eagle Outfitters Inc.
- 6.2.4 Guilford Mills Inc.
- 6.2.5 DuPont de Nemours Inc.
- 6.2.6 Levi Strauss & Co.
- 6.2.7 Hennes & Mauritz AB
- 6.2.8 WestPoint Home Inc.
- 6.2.9 Welspun India Ltd
- 6.2.10 Standard Textile Co. Inc.
- 6.2.11 Mohawk Industries Inc.
- 6.2.12 Elevate Textiles Inc.*
- *List Not Exhaustive
7. FUTURE OF THE MARKET
8. APPENDIX
North America Textile Industry Segmentation
Any substance made of woven threads is a textile. It has numerous uses and many different forms. Textiles are probably a part of everyone's surroundings or circumstances. Textiles are used in various products, including clothes, furniture, bedding, carpeting, and even automotive parts.
A complete background analysis of the North America Textile Market, including the assessment of the economy and contribution of sectors in the economy, market overview, market size estimation for key segments, and emerging trends in the market segments, market dynamics, and geographical trends, and COVID-19 impact is included in the report.
The North American textile market is segmented by application type (clothing application, industrial/technical application, and household application), material (cotton, jute, silk, synthetics, and wool), process (woven and non-woven), and country (United States, Canada, and Mexico). The market size and forecasts for the North American textile market are provided in terms of value (USD) for all the above segments.
| By Application | Clothing |
| Industrial/Technical Applications | |
| Household Applications | |
| By Material Type | Cotton |
| Jute | |
| Silk | |
| Synthetics | |
| Wool | |
| By Process | Woven |
| Non-woven | |
| By Country | United States |
| Canada | |
| Mexico |
North America Textile Market Research FAQs
How big is the North America Textile Market?
The North America Textile Market size is expected to reach USD 99.82 billion in 2024 and grow at a CAGR of 3.85% to reach USD 120.58 billion by 2029.
What is the current North America Textile Market size?
In 2024, the North America Textile Market size is expected to reach USD 99.82 billion.
Who are the key players in North America Textile Market?
WestPoint Home Inc., American Eagle Outfitters Inc., Hennes & Mauritz AB, Levi Strauss & Co and Albany International Corp. are the major companies operating in the North America Textile Market.
What years does this North America Textile Market cover, and what was the market size in 2023?
In 2023, the North America Textile Market size was estimated at USD 96.12 billion. The report covers the North America Textile Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Textile Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Textile Industry Report
Statistics for the 2024 North America Textile market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Textile analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
