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The sportech textiles market size is valued to increase USD 62.23 billion, at a CAGR of 16.83% from 2023 to 2028. Increasing demand for sports apparel will drive the sportech textiles market.
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The sportech textiles industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The woven fabric segment is estimated to witness significant growth during the forecast period.
In the dynamic and evolving world of textile manufacturing, the market showcases a significant focus on innovation and sustainability. Woven textiles, a key segment, are crafted using intricate processes that involve weaving two or more sets of yarn at right angles. These textiles exhibit superior dimensional stability, flexibility, and high tensile strength, making them suitable for various applications. Advancements in the industry include the incorporation of recycled fibers, organic cotton, and eco-friendly finishes. Moisture wicking, flame retardant fabrics, and wearable technology are integrated to enhance performance and functionality. Fiber properties such as thread count, fabric weight, and colorfastness ratings are meticulously tested to ensure optimal quality.
Smart textiles, with their ability to respond to environmental conditions, are gaining popularity. Industrial textiles, including those with water repellent coatings, abrasion resistance, and antimicrobial properties, are essential for heavy-duty applications. Home textile production also prioritizes sustainability, with a focus on natural dyes and fiber blends. A noteworthy statistic highlights the industry's commitment to sustainability: 35% of global textile production now incorporates sustainable practices. This shift towards eco-consciousness is reflected in the production of technical textiles, which undergo various textile finishing processes, including printing techniques and dyeing processes, to enhance their properties. In conclusion, the market continues to evolve, with a strong emphasis on sustainability, innovation, and functionality.
Woven textiles, a crucial component, exhibit superior durability and versatility, making them an essential choice for various industries and applications.
The Woven fabric segment was valued at USD 13.68 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 46% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The Asia-Pacific (APAC) region is witnessing a significant surge in the demand for sportech textiles, with China, Australia, Japan, India, and Vietnam being the major markets. India, in particular, has experienced remarkable growth in sales of sportech textiles, including sports footwear, accessories, composites, and gear. This growth can be attributed to the increasing trend towards leading a healthy lifestyle and the burgeoning popularity of fitness activities and sports.
Moreover, the rise in the number of sporting events and the popularity of cricket in many APAC countries further fuel the demand. The sportech textiles industry in the region is expected to continue its robust expansion, reflecting the region's dynamic market landscape.
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.
The market is experiencing significant growth due to the increasing demand for high-performance textile materials in the sports and outdoor industries. Innovative fabric technologies are at the forefront of this development, with a focus on sustainable textile production methods and advanced textile finishing techniques. These methods ensure the optimal performance characteristics of fabrics, including moisture management, breathability, and UV protection. Advanced textile manufacturing processes, such as new fiber technologies and advanced yarn manufacturing techniques, are also driving the market forward. The effect of textile processing on fabric drape simulation methods and eco-friendly textile dyeing methods is a critical consideration for manufacturers. Colorfastness testing procedures and abrasion resistance measurement methods are essential to ensure the durability and longevity of sportech textiles. Textile sustainability metrics, including fabric strength optimization and the impact of textile treatments on functional textile properties, are increasingly important to consumers. Manufacturers are investing in textile design software solutions to improve the design and development process, enabling them to create innovative and functional textiles that meet the evolving needs of the market. Sustainability is a key trend in the market, with a focus on reducing the environmental impact of textile production. This includes the use of advanced textile finishing techniques that minimize water usage and the adoption of eco-friendly textile dyeing methods. The integration of textile sustainability metrics into the design and manufacturing process is essential to meet the demands of consumers and regulatory bodies. In conclusion, the market is characterized by continuous innovation and a focus on sustainability. Manufacturers are investing in advanced textile manufacturing processes, new fiber technologies, and textile design software solutions to meet the evolving needs of consumers and the sports and outdoor industries. The use of eco-friendly textile dyeing methods, colorfastness testing procedures, and abrasion resistance measurement methods is essential to ensure the durability and sustainability of sportech textiles.
The sportech textiles 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 sportech textiles market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape of Sportech Textiles Industry
Companies are implementing various strategies, such as strategic alliances, sportech textiles market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Adidas AG - The company, specializing in sportstech textiles, introduces its innovative brand, Biosteel. This cutting-edge textile technology enhances athletic performance and promotes comfort through advanced fabric engineering. Biosteel's offerings cater to diverse athletic needs, bridging the gap between functionality and style.
The industry 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 industry 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.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Sportech Textiles Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
175 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 16.83% |
Market growth 2024-2028 |
USD 62225.4 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
14.01 |
Key countries |
US, Canada, Germany, UK, Italy, France, China, India, Japan, Brazil, Egypt, UAE, Oman, Argentina, KSA, UAE, Brazil, and Rest of World (ROW) |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
What is the expected growth of the Sportech Textiles Market between 2024 and 2028?
USD 62.23 billion, at a CAGR of 16.83%
What segmentation does the market report cover?
The report is segmented by Type (Woven fabric, Non-woven fabric, and Knitted fabric), Application (Sports shoe components, Sports composites, and Other sportech textiles), Geography (APAC, North America, Europe, South America, and Middle East and Africa), End-User (Professional Athletes, Recreational Users, and Fitness Enthusiasts), and Material (Synthetic Fibers, Natural Fibers, and Blended Fibers)
Which regions are analyzed in the report?
APAC, North America, Europe, South America, and Middle East and Africa
What are the key growth drivers and market challenges?
Increasing demand for sports apparel, Volatility in raw material prices
Who are the major players in the Sportech Textiles Market?
Adidas AG, Aditya Nonwoven Fabric Pvt. Ltd., AMSilk GmbH, Aquafil Spa, Baltex, Behrens Group, Bonfab Textiles India Pvt Ltd, Carvico Spa, Crypton LLC, DuPont de Nemours Inc., Formosa Taffeta Co. Ltd., Garware Technical Fibres Ltd., HeiQ Materials AG, Lear Corp., Milliken and Co., SKAPS Industries Inc., Solvay SA, Teijin Ltd., Toray Industries Inc., and Unifi Inc.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Market Segmentation by End-User
9 Market Segmentation by Material
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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