• SELECT SITE CURRENCY
Select a currency for use throughout the site
First Research, March 2013, Pages: 10
First Research is the leading industry intelligence company that helps sales teams perform faster and smarter, open doors, and close more deals. First Research performs the heavy lifting" by synthesizing hundreds of sources into an easy to digest format that a sales person can consume very quickly to better understand a prospect's business issues."
Brief Excerpt from Industry Overview Chapter:
Companies in this industry operate mills that produce textiles and textile products from natural and synthetic materials. Major companies include Guilford Mills, International Textile Group, Mohawk Industries, Unifi, and WL Gore & Associates, (all based in the US), along with Weiqiao Textile (China), Toray Industries (Japan), and Hyosung (South Korea).
Worldwide textile exports amount to more than $250 billion annually, according to the World Trade Organization (WTO). China dominates the global industry; other major players include the European Union, the US, South Korea, and India.
The US textile manufacturing industry includes about 9,000 companies with combined annual sales of about $50 billion and is expected to experience low growth in the next two years. Key challenges include weak domestic demand and competition from imports.
Demand is driven by the domestic apparel industry and consumer demand for home furnishings like carpets, furniture, and curtains. The profitability of individual companies depends on efficient operations. Large companies have economies of scale in production for high-volume items. Small companies can compete successfully by producing specialized textiles. The industry is concentrated: the 50 largest companies generate about 60 percent of revenue.
Exports represent nearly 20 percent of US textile production. The main export destinations include Canada, Mexico, the UK, and Honduras. Many manufacturers ship fabric to other countries for sewing into final garments, which are then reimported into the US. Textile imports, which account for about one-third of the US market, come mainly...
1. Industry Overview
2. Quarterly Industry Update
3. Business Challenges
4. Business Trends
5. Industry Opportunities
6. Call Preparation Questions
7. Financial Information
8. Industry Forecast
9. Web Links and Acronyms
A sample for this product is available. Please Login/Register to download this sample.