Enjoy complimentary customisation on priority with our Enterprise License!
The textile manufacturing market size is forecast to increase by USD 346.05 billion at a CAGR of 4.52% between 2023 and 2028. The market is experiencing significant growth due to several key trends and drivers. One notable trend is the increasing demand for textiles in the apparel industry, as manufacturers continue to prioritize the use of sustainable materials. Textile manufacturing involves the process of transforming fibers into fabric through various stages such as spinning, weaving, knitting and crochet, dyeing, printing, finishing, and more. Another driver is the adoption of automation in textile machinery, which enhances production efficiency and reduces labor costs. However, the high initial capital investment required to install modern textile machinery poses a challenge for small and medium-sized enterprises (SMEs) looking to enter or expand in the market. Despite this, the long-term benefits of automation and the growing demand for textiles in various industries make it a worthwhile investment for manufacturers.
To learn more about the textile manufacturing market report, Request Free Sample
The market is a dynamic and diverse industry, encompassing various processes such as fabric production, fiber processing, yarn spinning, weaving, knitting, dyeing, printing, finishing, and more. The market caters to a wide range of applications, including apparel, garments, fashion, and technical textiles, which include denim, nonwovens, and technical fabrics. Key raw materials used in textile manufacturing include cotton, polyester, silk, wool, linen, rayon, acrylic, and nylon. The industry utilizes various textile technologies and innovations, such as advanced spinning techniques, sustainable dyeing methods, and digital printing. Sustainability is a growing concern in the textile industry, with an increasing focus on reducing water usage, minimizing waste, and using eco-friendly raw materials.
The textile manufacturing market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The natural fibers segment is estimated to witness significant growth during the forecast period. Natural fibers, including cotton, silk, wool, linen, hemp, and jute, are derived from plant and animal sources and are extensively used in textile production. Cotton, the most widely used fiber, is used to create garments, apparel, and various textile products. Wool, obtained from sheep, is known for its flexibility, resilience, insulation, and thermal stability, making it suitable for producing woolen clothing. Silk, a protein filament spun by silkworms, is valued for its quick-drying nature, durability, and softness, and is used in a range of applications from clothing to medical dressings and automotive interiors.
Other synthetic fibers like polyester, rayon, acrylic, nylon, and technical textiles and nonwovens, are also widely used in textile manufacturing. The textile industry encompasses textile production, consumption, exports, imports, trade, and waste management. Sustainability and innovation are key trends in the textile industry, with a growing focus on reducing textile waste and developing eco-friendly manufacturing processes.
Get a glance at the market share of various segments. Request Free Sample
The Natural fibers segment accounted for USD 510.43 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 62% to the growth of the global textile manufacturing market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
For more insights on the market share of various regions, Request Free Sample
The market in the Asia-Pacific (APAC) region experienced notable growth in 2023, driven by growth in textile consumption and a large textile company presence. Natural fibers such as cotton, silk, wool, linen, and synthetic fibers like polyester, rayon, acrylic, and nylon are extensively used in textile production. The availability of raw materials and low-cost labor in APAC countries, including China, India, Japan, Pakistan, South Korea, and Bangladesh, significantly benefits the textile industry. China, in particular, emerged as the leading global textile consumer due to the high demand for textiles in fashion and household applications. Technological advancements have led to the increasing popularity of technical textiles and nonwovens in China.
The textile industry in APAC also focuses on sustainability and innovation, with a growing emphasis on reducing textile waste and improving production processes. Textile exports and imports significantly contribute to the textile trade in the region, making APAC a significant player in the global textile market.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increasing demand for textiles in automotive industry is the key driver of the textile manufacturing market. The market encompasses various processes including spinning, weaving, knitting, dyeing, printing, finishing, and more, to produce fabrics from fibers such as cotton, polyester, silk, wool, linen, rayon, acrylic, nylon, and technical textiles like denim. Textile production is significant for the apparel and garment industry, as well as for fashion, upholstery, and technical applications. Technical textiles, a key application segment, are extensively used in automotive manufacturing for components such as composites, sound insulation, and vibration control. The textile industry is witnessing a trend towards natural fibers and fabrics, with cotton, grown abundantly in countries like China, India, and the US, being a popular choice.
Textile trade plays a crucial role in the global economy, with both textile exports and imports contributing significantly to production and consumption. Sustainability and innovation are driving forces in the textile industry, with a focus on reducing textile waste and developing eco-friendly manufacturing processes.
Automation in textile machinery is the upcoming trend in the textile manufacturing market. Textile manufacturing encompasses various processes, including fiber, yarn, weaving, knitting, dyeing, printing, finishing, and apparel production. Automation significantly improves the efficiency and quality of these processes. In fiber manufacturing, automation ensures consistent product quality by monitoring fiber diameter, managing polymer characteristics, maintaining temperature, and controlling tension. Automated machinery in yarn manufacturing, such as spinning systems, enhances production rates and accommodates the production of diverse fiber types, like micro-denier fibers. Weaving, knitting, dyeing, and finishing processes also benefit from automation, enabling lean manufacturing and enhancing overall textile production.
Textile trade, consisting of exports and imports, is influenced by automation, as increased production capacity leads to higher volumes of textile goods being traded globally. Sustainability and innovation are key trends in the textile industry, with technical textiles and nonwovens gaining popularity. Cotton, polyester, silk, wool, linen, rayon, acrylic, and nylon are among the primary fiber types used in textile manufacturing.
High initial capital investment in installing modern textile machinery is a key challenge affecting textile manufacturing market growth. The textile manufacturing industry encompasses various processes, including fiber production, yarn spinning, weaving, knitting, dyeing, printing, finishing, and the production of apparel and garments from fabrics made of cotton, polyester, silk, wool, linen, rayon, acrylic, nylon, technical textiles, and nonwovens. Textile production and consumption are significant global economic activities, with textile trade playing a crucial role in international commerce. However, the market faces challenges due to the high upfront costs of acquiring and installing advanced machinery for spinning, weaving, knitting, and finishing. SMEs, in particular, are affected, as they lack the financial resources to invest in computerized knitting machines, automated looms, or digital printing equipment.
This financial disparity may hinder the industry's progress towards widespread technological innovation and modernization, creating an uneven playing field for larger firms. Textile waste is another challenge, with sustainability becoming increasingly important in the fashion industry. Innovation, such as the development of biodegradable textiles and recycling technologies, is crucial for the industry's future growth.
The textile manufacturing market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the textile manufacturing market growth analysis report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Aditya Birla Management Corp. Pvt. Ltd. - The company specializes in the production of high-quality textiles through processes such as dyeing, printing, and weaving and caters to various segments of the textile industry, including ready-to-wear, bridal, and eveningwear, using silk fabrics.
The textile manufacturing market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The global textile manufacturing industry encompasses the production of fibers, yarn, fabric, and finished textile products, including apparel, garments, and technical textiles. The value chain includes spinning, weaving, knitting, dyeing, printing, finishing, and textile waste management. Cotton, polyester, silk, wool, linen, rayon, acrylic, nylon, and other natural and synthetic fibers are used in textile production. The industry caters to various sectors such as fashion, automotive, healthcare, and construction. Textile exports and imports significantly contribute to global trade, with major textile-producing countries including China, India, Bangladesh, and Pakistan.
Sustainability and innovation are key trends in the industry, with a focus on reducing textile waste and developing eco-friendly manufacturing processes. Technical textiles and nonwovens, including denim and other specialized fabrics, are growing segments in the market. Textile consumption is driven by increasing demand for comfortable and stylish clothing, as well as the growing popularity of technical textiles in various industries. Textile trends include the use of natural fibers, recycled materials, and smart textiles with integrated technology. The market for textiles is diverse and expansive, with various applications in the fashion industry, home textiles, industrial textiles, and technical textiles. The future of the textile manufacturing market looks promising, with continued innovation and advancements in textile technology driving growth.
|
Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
177 |
|
Base year |
2023 |
|
Historic period |
2018 - 2022 |
|
Forecast period |
2024-2028 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 4.52% |
|
Market growth 2024-2028 |
USD 346.05 billion |
|
Market structure |
Fragmented |
|
YoY growth 2023-2024(%) |
4.38 |
|
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
|
Performing market contribution |
APAC at 62% |
|
Key countries |
US, China, Japan, India, and Germany |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
|
Key companies profiled |
Aditya Birla Management Corp. Pvt. Ltd., B.C.CORP., BSL Ltd., China Petrochemical Corp., Donear Industries Ltd., Far Eastern New Century Corp., Hyosung TNC Corp., Industria de Diseno Textil SA, JCT Ltd., Koch Industries Inc., Lu Thai Textile Co. Ltd., Modern Woollens, Nisshinbo Holdings Inc., paramounttextiles, Paulo de Oliveira, PVH Corp., Successors Reda SBpA, Toray Industries Inc., VF Corp., and Zalando SE |
|
Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
|
Customization purview |
If our textile manufacturing market forecast report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this textile manufacturing market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Additional Value/Volume Data
6 Five Forces Analysis
7 Market Segmentation by Type
8 Market Segmentation by Application
9 Customer Landscape
10 Geographic Landscape
11 Drivers, Challenges, and Trends
12 Vendor Landscape
13 Vendor Analysis
14 Appendix
Get the report (PDF) sent to your email within minutes.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
