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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Europe Textile Market Size
The Europe textile market attained a value of USD 181.77 billion in 2023. The market is estimated to grow at a CAGR of 3.0% during 2024-2032 to reach a value of USD 236.86 billion by 2032.
Key Takeaways
- Textile manufacturers are incorporating computer vision technology for fabric pattern recognition and fabric colour matching, to examine fabric quality, saving up on production costs and time.
- The major European markets namely, Germany, France, Spain, the Netherlands, Italy, and Poland collectively account for nearly 67% of all intra-EU imports in the apparel sector.
- The EU's sustainable textile production strategy targets the establishment of a new sustainable textile ecosystem within the EU market by 2030.
The textile sector is a key segment within the manufacturing sector and is a major contributor to the European economy. Reportedly, the largest manufacturers of textiles are United Kingdom Italy, Germany, and France. The textile sector in Europe mainly consists of small and medium-sized enterprises. The European manufacturers are regarded as the leaders in technical and industrial textiles such as non-wovens (industrial filters, hygiene products, materials for the medical and automotive sectors), high-quality garments, and interior textiles with a high design content.
The textile market in Europe is driven by various factors, such as the demand for technical textiles, research to develop advanced textiles, rising use of natural fibres to produce textiles, and rising demand for fashion clothing.
Europe Textile Market Report Snapshots
Europe Textile Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the Europe textile market attained a value of USD 181.77 billion.
The market is projected to grow at a CAGR of 3.0% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of USD 236.86 billion by 2032.
Textile is a flexible material composed of a network of natural or artificial fibres, called yarn.
Prato is considered to be one of the largest industrial districts in Italy, the largest textile centre in Europe, and an important centre for the production of woollen yarns and fabrics, globally.
The market is being driven by the growing fashion and apparel industry, high consumer disposable incomes, and Europe’s dominance in textile research and innovation.
The key trends aiding the market expansion include the growing shift towards sustainable and organic textiles, increasing sales through online platforms, and incorporation of advanced technologies.
Cotton, chemical, wool, and silk, among others, are the different raw material types used in the market.
The major European textile markets are Germany, the United Kingdom, France, and Italy, among others.
The major players in the market are TDV Industries, Successori Reda SpA, LENZING AG, Paulo de Oliveira Company, Tirotex Textile Company, Aquafil S.p.A., Fulgar SpA, Getzner Textil AG, and Lanificio Fratelli Balli SpA, among others.
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Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124