Global Textile Manufacturing Market 2024-2028
The textile manufacturing market is forecasted to grow by USD 346.05 bn during 2023-2028, accelerating at a CAGR of 4.52% during the forecast period. The report on the textile manufacturing market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for textiles in automotive industry, increasing focus on eco-friendly practices in manufacturing process, and premiumization of textile products through well-positioned brands.
Technavio's textile manufacturing market is segmented as below:
By Type
- Natural fibers
- Polyesters
- Nylons
- Others
By Application
- Fashion
- Technical
- Household
- Others
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the automation in textile machinery as one of the prime reasons driving the textile manufacturing market growth during the next few years. Also, growing demand for smart textiles and rise in use of sustainable fibers will lead to sizable demand in the market.
The report on the textile manufacturing market covers the following areas:
- Textile manufacturing market sizing
- Textile manufacturing market forecast
- Textile manufacturing market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading textile manufacturing market vendors that include 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. Also, the textile manufacturing market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.