Global Textile market size was valued at USD 1695.23 Bn in 2023 and is expected to reach USD 3041.24 Bn by 2030, at a CAGR of 7.7%
Market Overview:
Textile market study encompasses price trend analysis of target brands, market insights from various countries, clinical trial findings, literature research, analysis of the refurbished market and product base, and additional services. It also includes a comprehensive analysis of rival markets, ranging from technology-based research to portfolio strategies. The report incorporates an extensive list of competitors to reflect the current market scenario accurately.
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Market Scope:
This research study offers annual projections up to 2027, along with insights into each major end-user segment of the Textile market. It provides estimations for revenue, sales, and growth rate of the Textile market worldwide.
Drivers:
While converting electrical energy into usable mechanical energy with motor some of the energy is lost as waste heat during the conversion process. Most of the times, not all of the energy going into the motor is converted to usable mechanical energy. Such losses occur repeatedly and may result in huge overall waste. Replacing traditional motors with Textiles would reduce these losses and electricity by 20% to 30%. Textiles have a low failure rate and a high tolerance for overload conditions, these features make them suitable for a variety of applications.
Segmentation:
by Product
Polyester
Natural Fiber
Nylon
Others
by Raw Material
Cotton
Wool
Silk
Chemicals
Others
by Application
Fashion and Clothing
Household
Technical
Industrial
Others
by Distribution Channel
Online Retail
Offline Retail
by End User
Automotive
Healthcare and Medical
Sports and Recreation
Aerospace and Defense
Agriculture and Horticulture
Construction and Infrastructure
Others
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Key Players: The leading players in the Textile market include:
Global
1. Inditex (Zara)
2. Adidas AG
3. H&M
4. VF Corporation
5. Alibaba Group
North America
6. Mohawk Industries
7. Hanesbrands Inc.
8. WestPoint Home
9. Milliken & Company
Europe:
10. Burberry Group PLC
11. Marks and Spencer Group plc
Asia Pacific:
12. Welspun India Ltd.
13. Shandong Ruyi Technology Group
14. Fast Retailing (UNIQLO)
15. Li & Fung Limited
16. Middle East and Africa
17. Nigerian Textile Mills Plc
18. Sappi Southern Africa Ltd.
19. Alok Industries Ltd.
20. Vlisco Group
21. David Whitehead & Sons (Africa)
Regional Analysis:
The regional analysis section of the Textile market report evaluates individual market influencers and legislative changes affecting current and future market trends. Factors such as consumption patterns, production capacities, import-export dynamics, price trends, raw material costs, and upstream and downstream value chain analyses are considered to forecast market conditions accurately.
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The report assesses the global Textile market across the following regions:
- North America (United States, Canada)
- European Union (Germany, France, United Kingdom, Russia)
- Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia)
- Latin America (Brazil, Argentina, Colombia)
- Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa)
Key Questions Addressed in the Textile Market Report:
- What are the emerging trends expected to shape the Textile market in the forecast period?
- What will be the size of the Textile market by 2027?
- Which company held the largest market share in the Textile market in 2020?
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