As they progress, we can look at the productivity, flexibility, and innovation that the U.S. textile and manufacturing industries have experienced up until now, helping to secure their positions in the global marketplace. For the coming year, here is what we expect to see:
The aerospace industry is considered “innovation-intensive,” and the more activity this area sees, the more efficient that production inputs will become. According to a forecast from the MAPI Foundation, this sector is projected to grow 5.6% between now and 2021. This is due in part to the improved state of our economy as well as the increase in demand for air travel. Economic growth outlook has also contributed to the improvements in the electronic and machinery sub-sectors of textiles and manufacturing. These types of products can be sold to both consumer and business markets, and this reach, combined with other areas like healthcare and hospitality, shows dramatic improvements now as well as for the future of manufacturing in the United States.