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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Textile Market Trends
The rapid industrialisation in developed and developing countries and the adoption of computerised methods of textile production drive textile market growth, especially in the United States, the European Union, and the Asia Pacific.
The fastest-growing Asian textile markets include China and India. While China is the leading producer and exporter of both raw textiles and garments, India is positioned among the top five textile manufacturing countries, globally. The success of Asian markets is due to the abundant availability of low-wage labour and raw materials. As a result, developed economies are increasingly importing textiles from Asia or outsourcing manufacturing to meet their textile needs.
Textile Market Report Snapshots
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 global textile market attained a value of nearly USD 987.95 billion.
The market is expected to grow at a CAGR of 3.6% between 2024 and 2032.
The market is estimated to witness healthy growth during 2024-2032 to reach around USD 1,354.27 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 woolen yarns and fabrics, globally.
The major drivers of the market are the expansion of major textile market players in emerging economies, the rising demand for technical textiles, and a growing fast-fashion sector.
The key trends propelling the market growth include rising applications of textiles in various sectors and the growing fashion and clothing sector.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The different product types included in the market report are natural fibres, polyester, and nylon, among others.
The major players in the market are BSL Limited, Lu Thai Textile Co., Ltd., Paulo de Oliveira, S.A., Successori Reda SpA, Shandong Ruyi Woolen Garment Group Co., Ltd., and Toray Industries, Inc., among others.
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Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
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.
+63-287-899-028, +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
+84-865-399-124