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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Italy Textile Market Size
The Italy textile market reached approximately USD 25.67 billion in 2023. The market is estimated to grow at a CAGR of 3.3% in the forecast period of 2024-2032, reaching a value of around USD 34.29 billion by 2032.
Key Takeaways
- Italy’s textile and fashion sector is undergoing a tremendous transformation due to the integration of advanced technologies such as nanotechnologies.
- Customers are increasingly on the lookout for apparel, supplies, and accessories with the “Made in Italy” tag and ethically sourced materials.
- Italy is the second largest producer of textile finishing machinery globally, accounting for a share of 17%.
The textile and fashion sector plays a major role in Italy’s economy. The country is home to globally renowned fashion brands and occupies a unique segment in the global textile market. The growth of the Italian textile and fashion sector is contributed by factors such as creativity and talent. Italy has the presence of 45,000 textile and fashion companies with a majority of the companies small in size, 82% have fewer than 10 employees and 16% are medium-sized.
Some of the factors driving the Italy textile market growth are the adoption of technology in textile manufacturing, demand for sustainable textile production, and demand for technical textiles in various end-use markets, such as construction, automotive, biomedical, and hygiene products.
Italy Textile Market Report Snapshots
*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 market attained a value of nearly 25.67 billion.
The Italy textile market is assessed to grow at a CAGR of 3.3% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach about USD 34.29 billion by 2032.
Textile is a flexible material composed of a network of natural or artificial fibres, called yarn.
Italy’s textiles are renowned worldwide for their excellence, quality, and tradition. Italy handcrafted items are also made with meticulous attention to detail and finishing.
The market is being driven by the growing fashion and apparel industry, high consumer disposable incomes, and Italy’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 textile production technologies.
The major regions in the market are the North-West, North-East, Central, and South.
Cotton, synthetic, wool, and silk are the different material types used in the market.
The key players in the market are Ratti S.p.A., Vincenzo Zucchi S.p.A., Lanificio Fratelli Balli S.P.A., Fulgar SpA, Successori Reda S.p.A., Aquafil S.p.A., Caleffi S.p.A, and OVS S.p.A., among others.
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