NAICS 313241 - Weft Knit Fabric Mills
This U.S. industry comprises establishments primarily engaged in knitting weft (i.e., circular) fabric or knitting and finishing weft fabric. Establishments in this industry may knit only; knit and finish; or knit, finish, and further fabricate fabric products (except apparel).
Industry trends:
In the NAICS 313241 category, Weft Knit Fabric Mills, several qualitative trends have emerged as dominant in recent years. Sustainability is a key focus, with growing consumer and regulatory demand for eco-friendly practices and materials. Companies are increasingly adopting sustainable fibers, reducing water usage, and minimizing waste during production.
Advancements in technology are also notable, with digital knitting machines offering greater precision and efficiency. These technological improvements allow for customization and faster turnaround times, meeting the increasing demand for bespoke and niche market products.
Another significant trend is the influence of fashion cycles, which has led weft knit fabric mills to become more agile and responsive to changing styles. Close collaborations between fabric mills and fashion designers are becoming more commonplace to ensure timely and trendy fabric offerings.
Looking ahead, the market is expected to see continued growth in demand for technical textiles, such as those used in athletic wear and medical applications. The blend of performance and comfort will drive innovation in fabric composition and functionality. Additionally, the integration of smart textiles, capable of interacting with technology, is anticipated to gain traction, opening new avenues for industry expansion.
This industry is comprised of:
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
With iCFO You Get
What Is iCFO?
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Sound Business Analysis
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
Your Business’ Health In Minutes
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.