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2024 U.S. Industry Statistics & Market Forecast - Textile Furnishings Mills
Market Size & Industry Statistics
The total U.S. industry market size for Textile Furnishings 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
Major trends affect the Textile Furnishings Mills industry include:- Increased demand for sustainable and eco-friendly materials
- Shift towards automation and advanced manufacturing technologies
- Rising labor costs and scarcity
- Integration of smart textiles and IoT
- Growth in online sales and direct-to-consumer marketing
- Fluctuations in raw material prices, particularly cotton and synthetic fibers
- Increased emphasis on supply chain transparency and ethical sourcing
- Impact of global trade policies and tariffs
- Growing interest in customized and personalized products
- Expansion of the home decor market driven by interior design trends
- Adaptation to post-COVID consumer behaviors focusing on health and hygiene in textile products
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) |
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|---|---|---|
| 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 Furnishings 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 Furnishings 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 Furnishings 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 | 4% | Order at top of page |
||
| General and Operations Managers | 2% | |||
| Office and Administrative Support Occupations | 10% | |||
| Installation, Maintenance, and Repair Occupations | 6% | |||
| Other Installation, Maintenance, and Repair Occupations | 5% | |||
| Production Occupations | 58% | |||
| Textile, Apparel, and Furnishings Workers | 46% | |||
| Sewing Machine Operators | 18% | |||
| Sewing Machine Operators | 18% | |||
| Textile Machine Setters, Operators, and Tenders | 24% | |||
| Textile Knitting and Weaving Machine Setters, Operators, and Tenders | 8% | |||
| Textile Winding, Twisting, and Drawing Out Machine Setters, Operators, and Tenders | 12% | |||
| Other Production Occupations | 6% | |||
| Transportation and Material Moving Occupations | 13% | |||
| Material Moving Workers | 12% | |||
| Laborers and Material Movers | 8% | |||
Textile Furnishings Mills Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Textile Furnishings 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 Furnishings 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 Furnishings Mills industry. |
Source:
Innovation News
- Jan 24, 2024: Zarin Home trademarks "ZARIN FABRICS" - On-line retail store services featuring fabrics; On-line retail store services featuring furniture; On-line retail store services featuring upholstery; On-line retail store services featuring fabric, furniture, upholstery, window treatments and coverings
- Jan 16, 2024: Colonial Mills trademarks "LEMONBRAID" - Braided stair treads, not of metal
- Aug 18, 2023: YMF Carpets trademarks "HOTEL GRAND ROYALE LUXURY REDEFINED" - Rugs; Anti-fatigue floor mats; Bath mats; Floor coverings
- Sep 19, 2019: Perfect Fit Industries patents Three-layered Heated Blanket
- Aug 22, 2019: Perfect Fit Industries patents Non-slip Reversible Furniture Protector
- Apr 25, 2019: Mohawk Industries patents Systems And Methods For Manufacturing Bulked Continuous Filament
Recent Federal Contracts for Textile Furnishings Mills
- Apr 02, 2024: SHAW INDUSTRIES, INC. (Dalton, GA) awarded $10,435
- Mar 27, 2024: CONTINENTAL FLOORING COMPANY (Scottsdale, AZ) awarded $224,380
- Mar 26, 2024: ROSE BRAND WIPERS, INC. (Secaucus, NJ) awarded $23,750
- Mar 22, 2024: MISCELLANEOUS FOREIGN AWARDEES (Washington, DC) awarded $15,736
- Mar 19, 2024: MANNINGTON MILLS INC. (Salem, NJ) awarded $21,870
- Mar 15, 2024: FEDERAL PRISON INDUSTRIES INC (Lexington, KY) awarded $6,287
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