Xerium - Competitors

Xerium Competition

Now Viewing Xerium's competition in: Textile Manufacturing

Recent Developments

Rising Organic Cotton Sales Reflect Demand for Organic Textiles - Global organic cotton sales, an indicator of demand for organic textile products, are projected to rise from $583 million in 2005 to $2.6 billion by year-end 2008, according to Organic Exchange. Demand is being driven by rising interest in organic clothing and home furnishings. Apparel companies are developing products made with 100 percent organic cotton, or with small percentages of organic cotton blended with conventional cotton.

Clothing Factory Cuttings Recycled into Cloth - US textile manufacturers may have a new source of revenue by selling fabric cuttings. A company called EcoGear has developed a way to create fabric from leftover cuttings from the floors of clothing factories. After the cuttings are separated by color and shade, they're cut into ultra-fine fibers, then attached to a continuous strand of polyester thread made from recycled plastic bottles. The resulting yarn is then spun into EcoGear clothing products.

Developed Countries have High Textile, Apparel Tariffs - Lower tariffs are associated with increased international trade, according to a June 2008 report by the World Bank, but high textile and apparel tariffs throughout the world reduce trade in those industries. Developed countries generally have lower tariff rates than developing, but textile and apparel tariffs are an exception. US textile manufacturers may be benefiting from the higher tariffs because textile exporting countries have relatively less favorable access to US markets.

Competitive Landscape

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-production items. Small companies can compete successfully by producing specialized textiles. The industry has become more automated but is still labor-intensive: average annual revenue per employee is under $170,000.

Full Industry Overview For Textile Manufacturing

Textile Manufacturing Industry Forecast

from Hoover's/D&B subsidiary First Research

The output of US textiles and knitting products is forecast to increase at an annual compounded rate of 4.4 percent between 2008 and 2013.

Textile & Knitting Products Manufacturing Growth Recovers

First Research forecasts are based on INFORUM forecasts that are licensed from the Interindustry Economic Research Fund, Inc. (IERF) in College Park, MD. INFORUM's "interindustry-macro" approach to modeling the economy captures the links between industries and the aggregate economy.