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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Textile Market Analysis by Region
Asia Pacific is a prominent region for textile production due to its low-cost labour and raw material availability
Asia is termed as the garment factory of the world, with China, India, Bangladesh, and Vietnam leading in the textile manufacturing sector. The low production costs and labour in the region are intensifying investments in the textile market. Asia Pacific is witnessing a significant demand for high-value fabrics such as viscose, silk, and hemp and home textiles.
In North America, the USA is a leading country engaged in textile research and development, pioneering advancements such as conductive fabrics with antistatic properties, electronic textiles for health monitoring, antimicrobial fibres, and adaptive climate-responsive fabrics. The United States textile market supplies over 8,000 different textile products to the country’s military. These include uniforms, protective clothing, parachutes, socks, gloves, sandbags, blankets, and hospital supplies.
According to the textile market, the European market specialises in the production of intermediate textile products, such as technical fibres and high-quality fabrics. France’s textile market is a well-established and mature market, with a large number of companies manufacturing yarns, fabrics and textiles for clothing, furniture and technical use. According to the Data Privacy Framework (DPF) Program, apparel comprises 43.9% of the French textile market's total value, followed by fabrics around 30%.
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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