NAICS 313113 - Thread Mills
This U.S. industry comprises establishments primarily engaged in manufacturing thread (e.g., sewing, hand-knitting, crochet) of all fibers.
Industry trends:
The thread mills industry, classified under NAICS 313113, has been experiencing several notable qualitative trends recently. One major trend is the increased adoption of advanced manufacturing technologies and automation. This shift is enabling thread mills to enhance production efficiency, reduce waste, and improve the overall quality of their products. Companies are investing in smart machinery equipped with IoT capabilities and AI-driven systems, which allows for better monitoring and optimization of production processes.
Another trend is the growing emphasis on sustainability. Environmental concerns and regulatory pressures are driving thread mills to adopt eco-friendly practices. This includes using sustainable raw materials, reducing energy consumption, and implementing recycling initiatives. Consumers and businesses are increasingly prioritizing products that have minimal environmental impact, which is pushing thread mills to innovate in sustainable manufacturing.
The COVID-19 pandemic has also accelerated the trend of supply chain diversification. Thread mills are reducing their dependence on single-source suppliers and looking for more local and regional supplier options. This helps mitigate risks associated with global disruptions and improves supply chain resilience. Additionally, there is a growing trend towards customization and personalization. Thread mills are leveraging digital technologies to offer more tailored solutions to meet specific customer needs.
Forecasts for the near future suggest that these trends will continue to shape the industry. Automation and smart manufacturing will become more widespread, leading to further productivity gains and cost reductions. Sustainability will remain a critical focus, with more companies adopting green practices and setting ambitious environmental goals. Supply chain resilience will be a key priority, with investments in technology to better manage and optimize supply chains. Customization will become a standard offering, as businesses seek to differentiate themselves and cater to unique customer demands.
This industry is comprised of:
Cotton thread manufacturing
Darning thread (e.g., cotton, manmade fibers, silk, wool) manufacturing
Embroidery thread (e.g., cotton, manmade fibers, silk, wool) manufacturing
Hard fiber thread manufacturing
Knitting and crocheting thread manufacturing
Manmade fiber thread manufacturing
Natural fiber (i.e., hemp, linen, ramie) thread manufacturing
Nylon thread manufacturing
Polyester thread manufacturing
Rayon thread manufacturing
Sewing threads manufacturing
Silk thread manufacturing
Thread mills
Thread, all fibers, manufacturing
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