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%
Textile Market Overview:
Textile Market Scope:
Textile Market Key Players:
Secondary research is used to identify market Textileers, while primary and secondary research is used to establish market revenue. Secondary research comprised a review of the Textileing manufacturers’ annual and financial reports, whilst primary research included thorough interviews with key opinion Textileers and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary sources are used to calculate percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then validated using primary sources.
The biggest players in the Textile market are as follows:
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)
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Textile Market Regional Analysis:
Individual market influencing components and changes in market legislation that affect current and future market trends are also covered in the Textile market study’s regional overview. Current and future trends are investigated in order to analyze the overall market potential and find profitable patterns in order to get a more firm footing. The geographical market evaluation is based on the current environment and anticipated trends.
COVID-19 Impact Analysis on Textile Market:
End-user industries where Textile are utilized saw a decline in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, and the United States, as well as Spain, France, and India, due to a pause in operations. This resulted in a significant drop in the revenues of enterprises in these industries, as well as in demand for Textile manufacturers, affecting the Textile market’s growth in 2020. End-user business demand for Textile has plummeted as a result of lockdowns and an increase in COVID-19 events throughout the world.
Key Questions Answered in the Textile Market Report are:
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