Flag Manufacturing in the US - Industry Market Research Report

Flag Manufacturing in the US - Industry Market Research Report

Flag Manufacturing in the US

The Flag Manufacturing industry includes operators that manufacture flags from purchased materials, including nylon, polyester and cotton. Similar to most textile manufacturing industries in the United States, the industry experiences intense competition from lower-priced imports. Goods manufactured domestically tend to command higher prices, largely due to the relatively high labor costs domestic producers pay compared with their international counterparts. Consequently, demand for industry products has declined as consumers have increasingly elected to purchase inexpensive, foreign-produced flags over the past five years. As a result, industry revenue has been decreasing at a CAGR of 3.1% over the past five years and is expected to reach $83.8 million in 2023. This includes an increase of 0.4% in 2023 alone.

Operators in this industry manufacture flags from purchased materials, including nylon, polyester and cotton materials. Flags tend to be attached by one side to a pole and usually carry representative symbols or colors. The industry does not include the manufacture of banners or pennants.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.