Europe Textile Market Report and Forecast 2024-2032

Europe Textile Market Report and Forecast 2024-2032

Europe Textile Market Report and Forecast 2024-2032

Market outlook

According to the report by Expert Market Research (EMR), the Europe textile market size reached a value of USD 181.77 billion in 2023. Aided by the increasing demand for sustainable and high-quality textile products and the growing applications of textiles in various sectors, the market is projected to further grow at a CAGR of 3.0% between 2024 and 2032 to reach a value of USD 236.86 billion by 2032.

Textiles encompass a wide range of products, including apparel, home textiles, industrial textiles, and technical textiles. They play a crucial role in various sectors, offering functionalities such as comfort, protection, and aesthetics. The key benefits of textiles include their versatility, durability, and ability to be customised for specific applications, making them indispensable across multiple sectors.

The economic growth and rising disposable income in many European countries are contributing to the increased demand for textiles. As consumers have more disposable income, they are willing to spend on high-quality textile products to enhance their lifestyle and living spaces. This economic prosperity is supporting the growth of the textile market in various regions.

The increasing consumer preference for sustainable and high-quality textile products is driving the Europe textile market growth. With the growing awareness of environmental issues and the importance of sustainability, there has been a significant shift towards using eco-friendly textiles, leading to a surge in demand. Additionally, the rising trend of fast fashion and the increasing disposable income have further contributed to the growing popularity of textiles, as consumers seek fashionable and high-quality products.

The expanding applications of textiles in various sectors also play a significant role in propelling the market. In the apparel sector, textiles are used to produce a wide range of clothing items, from everyday wear to high-fashion garments. In the home textiles sector, products such as bed linens, towels, and curtains are essential for enhancing the comfort and aesthetics of living spaces. Moreover, technical textiles are utilised in industrial applications, including automotive, construction, and healthcare, offering functionalities such as durability, protection, and specialized performance.

Further, the growing focus on innovation and technological advancements in textile production has led to the development of textiles with enhanced features, such as improved strength, moisture-wicking properties, and antimicrobial capabilities. These innovations have significantly improved the performance and appeal of textiles, making them more attractive to consumers and industries. This trend is expected to boost the market in the coming years, consequently driving up the Europe textile market share.

Apparel textiles include textiles used to produce a wide range of clothing items, from everyday wear to high-fashion garments. The demand for apparel textiles is driven by the growing fashion sector and consumer demand for stylish and comfortable clothing.

Home textiles include textile used in household items such as bed linens, towels, and curtains. The demand for home textiles is driven by the need for comfort and aesthetics in living spaces. Technical textiles include textiles used in industrial applications, offering functionalities such as durability, protection, and specialized performance. The demand for technical textiles is driven by their use in industries such as automotive, construction, and healthcare.

As per the Europe textile market analysis, home furnishing includes the use of textiles in household items such as bed linens, towels, and curtains. The demand for home furnishing textiles is driven by the need for comfort and aesthetics in living spaces. Apparel section includes the use of textiles to produce clothing items. The demand for apparel textiles is driven by the growing fashion sector and consumer demand for stylish and comfortable clothing.

Market Segmentation

The market can be divided based on material type, product type, application, and country

Market Breakup by Material Type

• Cotton
• Chemical
• Wool
• Silk
• Others

Market Breakup by Product Type

• Natural Fibres
• Polyester
• Nylon
• Others

Market Breakup by Application

• Household
• Bedding
• Kitchen
• Upholstery
• Towel
• Others
• Technical
• Construction
• Transport
• Protective
• Medical
• Others
• Fashion and Clothing
• Apparel
• Ties and Clothing Accessories
• Handbags
• Others
• Others

Market Breakup by Country

• Germany
• United Kingdom
• France
• Italy
• Others

Competitive landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in Europe textile market. some of the major players explored in the report by expert market research are as follows:

• TDV Industries
• Successori Reda SpA
• LENZING AG
• Paulo de Oliveira Company
• Tirotex Textile Company
• Aquafil S.p.A.
• Fulgar SpA
• Getzner Textil AG
• Lanificio Fratelli Balli SpA
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.