The global textile market is estimated to record a substantial CAGR during the forecast period. The textile sector is remarkably diverse with an abundance of material available across the globe. Increasing population, disposable income, and urbanization in countries including China, India, Brazil, and Mexico, among more have given rise to the growth rate of the overall textile industry.
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The global textile industry is labor-intensive and provides a plethora of jobs not just for skilled but unskilled labor in developed as well as developing nations. Job creation has played an important role in driving the industry, with prospects strong for women in small countries. Moreover, it is a vertical where modern technological advances have been witnessed not just in large economies, but in small countries as well, at comparatively low expenditures. These technological characteristics of the sector make it a suitable one for countries pushing industrialization.
At the same time, large countries have witnessed significant transformations, as the textile industry has added a high-value segment where designs and R&D have been rather competitive factors. These advancements have pushed the industry towards substantial growth, in turn, intensifying the market value in recent years.
Market Coverage
- The market number available for – 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered- by Material, Application
- Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
- Competitive Landscape- Aditya Birla Group, Ralph Lauren Corp., Reliance Industries, Ltd., Shandong Weiqiao Pioneering Group Co., Ltd., and Toray Industries, Inc.
Key questions addressed by the report
- What is the market growth rate?
- Which segment/region dominates the market in the base year?
- Which segment/region will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Recovery Timeline
- Deviation from the pre-COVID forecast
- Most affected region/segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Textile Market Report Segment
By Material
- Cotton
- Jute
- Silk
- Synthetic
- Wool
- Others
By Application
- Fashion and Clothing
- Industrial/Technical
- Household
- Global Textile Market Report Segment
A full report of Textile Market is available at: https://www.omrglobal.com/industry-reports/textile-market
Textile Market– Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Aditya Birla Group
- Arvind, Ltd.
- BSL, Ltd.
- Chori Co., Ltd.
- Elevate Textiles, Inc. (International Textile Group)
- Far Eastern New Century Corp.
- Glen Raven, Inc.
- HuaFang Group
- Hyosung TNC Corp.
- Koch Industries, Inc.
- Lakshmi Mills Co.
- Nisshinbo Holdings, Inc.
- Paramount Textile, Ltd.
- POLLACK
- PVH Corp.
- Ralph Lauren Corp.
- Raymond Group
- Reliance Industries, Ltd.
- River Island
Reasons to Buying From us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
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About Orion Market Research
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