NAICS 314999 - All Other Miscellaneous Textile Product Mills
This U.S. industry comprises establishments primarily engaged in manufacturing textile products (except carpets and rugs; curtains and linens; textile bags and canvas products; rope, cordage, and twine; and tire cords and tire fabrics) from purchased materials.
Industry trends:
In the "NAICS 314999, All Other Miscellaneous Textile Product Mills" industry, several qualitative trends have emerged recently. Firstly, there is a growing focus on sustainability and eco-friendly practices. Companies are increasingly adopting greener materials and processes to reduce their environmental footprint. This includes the use of recycled fibers and biodegradable textiles.
Another notable trend is the integration of advanced technologies such as automation and the Internet of Things (IoT). These technologies are enhancing efficiency and productivity, enabling firms to produce higher-quality products at a faster rate. Additionally, customization and on-demand production are gaining popularity, driven by consumer demand for personalized and unique textile products.
The COVID-19 pandemic has also accelerated the shift towards e-commerce. Textile mills are expanding their online presence to reach a broader customer base and adapt to changing shopping behaviors. This also includes leveraging social media platforms for marketing and customer engagement.
Looking ahead, one forecast for the industry is a steady increase in the demand for technical textiles, which are used in applications like healthcare, automotive, and construction. The push for innovation will likely continue as companies strive to meet the evolving requirements of various sectors. Moreover, inflation and supply chain disruptions may pose challenges, necessitating strategic planning and agile operations for sustained growth.
This industry is comprised of:
Decorative stitching on textile articles and apparel
Diapers (except disposable) made from purchased fabrics
Dust cloths made from purchased fabrics
Embroidering contractors on apparel
Embroidering on textile products for the trade
Fiber, textile recovery from textile mill waste and rags
Filling (except nonwoven textile), upholstery, manufacturing
Fire hose, textile, made from purchased materials
Fishing nets made from purchased materials
Flags, textile (e.g., banners, bunting, emblems, pennants), made from purchased fabrics
Furniture trimmings made from purchased fabrics
Garnetting of textile waste and rags
Hammocks, fabric, manufacturing
Lace, burnt-out, manufacturing
Laundry nets made from purchased materials
Linings, casket, manufacturing
Linings, luggage, manufacturing
Luggage linings manufacturing
Military insignia, textile, manufacturing
Mill menders, contract, woven fabrics
Needlework art contractors on apparel
Novelty stitching contractors on apparel
Padding and wadding (except nonwoven fabric) manufacturing
Parachutes manufacturing
Powder puffs and mitts manufacturing
Processing of textile mill waste and recovering fibers
Quilting of textiles
Reclaimed wool processing
Recovered fibers processing
Ribbons made from purchased fabrics
Sleeping bags manufacturing
Stitching, decorative and novelty, contractors on apparel
Stitching, decorative and novelty, on textile articles and apparel
Textile fire hose made from purchased material
Upholstering filling (except nonwoven fabric) manufacturing
Weatherstripping made from purchased textiles
Wool waste processing
Aircraft tie down strap assemblies (except leather) manufacturing
Apparel fillings (e.g., cotton mill waste, kapok) manufacturing
Appliqueing on textile products (except apparel)
Art needlework contractors on apparel
Art needlework on clothing for the trade
Badges, fabric, manufacturing
Bags, sleeping, manufacturing
Banners made from purchased fabrics
Batts and batting (except nonwoven fabrics) manufacturing
Beading on textile products (except apparel) for the trade
Belting made from purchased fabrics
Bias bindings made from purchased fabrics
Binding carpets and rugs for the trade
Bindings, bias, made from purchased fabrics
Bows made from purchased fabrics
Burnt-out laces manufacturing
Carpet cutting and binding
Cotton battings (except nonwoven batting) manufacturing
Crochet ware made from purchased materials
Decorative stitching contractors on apparel
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.