North America Textile Market Size (2024 - 2029)

The North America Textile Market is projected to experience growth over the forecast period, despite a historical decline in the textile and clothing manufacturing industry due to factors such as automation and import competition. The market's expansion is supported by a gradual resurgence in American textile production, driven by the use of high-quality materials and advancements in research and development. While the global market remains competitive, U.S. textile companies leverage advantages like automation and tax considerations to maintain profitability.

Market Size of North America Textile Industry

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North America Textile Market Summary
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

North America Textile Market 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 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
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North America Textile Market Size Summary

The North American textile industry is experiencing a gradual resurgence, despite challenges such as automation, import competition, and shifting comparative advantages. The sector, which has seen a significant decline over the past few decades, is now benefiting from advancements in automation and the use of high-quality materials. These factors, along with research and development, are helping American textile companies maintain a competitive edge against lower-wage countries like China and India. The industry is supported by a robust supply chain, with a significant number of jobs created in related sectors. The United States remains a strong player in global textile exports, ranking second worldwide, with substantial shipments to neighboring countries like Mexico and Canada.

The market landscape in North America is characterized by a high level of fragmentation, with numerous local and international players contributing to its dynamic nature. The region's textile industry is bolstered by rising income levels, a growing working-class population, and the presence of leading global clothing brands. Recent investments and strategic moves, such as Huntsman Corporation's sale of its Textile Effects division, highlight ongoing developments within the sector. Additionally, international trade agreements, like the proposed free trade agreement between India and Canada, are expected to influence market dynamics further. The industry's positive outlook is reflected in the projected growth rates, indicating a promising future for the North American textile market.

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North America Textile Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing demand for clothing and accessories

      2. 1.2.2 Availability of raw materials at low prices for textile manufacturers

    3. 1.3 Market Restraints

      1. 1.3.1 Textile waste

    4. 1.4 Market Opportunities

      1. 1.4.1 Increase of Smart Textiles

    5. 1.5 Value Chain/Supply Chain Analysis

    6. 1.6 Government Regulations and Initiatives

    7. 1.7 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.7.1 Bargaining Power of Suppliers

      2. 1.7.2 Bargaining Power of Buyers / Consumers

      3. 1.7.3 Threat of New Entrants

      4. 1.7.4 Threat of Substitute Products

      5. 1.7.5 Intensity of Competitive Rivalry

    8. 1.8 Technological Trends in the Market

    9. 1.9 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Application

      1. 2.1.1 Clothing

      2. 2.1.2 Industrial/Technical Applications

      3. 2.1.3 Household Applications

    2. 2.2 By Material Type

      1. 2.2.1 Cotton

      2. 2.2.2 Jute

      3. 2.2.3 Silk

      4. 2.2.4 Synthetics

      5. 2.2.5 Wool

    3. 2.3 By Process

      1. 2.3.1 Woven

      2. 2.3.2 Non-woven

    4. 2.4 By Country

      1. 2.4.1 United States

      2. 2.4.2 Canada

      3. 2.4.3 Mexico

North America Textile Market Size FAQs

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.

In 2024, the North America Textile Market size is expected to reach USD 99.82 billion.

North America Textile Industry Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)