The global Textile Manufacturing Market size was valued at USD 995.60 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 4.8% during the forecast period, reaching a value of USD 1390.56 billion by 2030.
Textile Manufacturing Market research report by Future Data Stats, offers a comprehensive view of the Market's historical data from 2019 to 2022, capturing trends, growth patterns, and key drivers. It establishes 2023 as the base year, analyzing the Market landscape, consumer behavior, competition, and regulations. Additionally, the report presents a well-researched forecast period from 2024 to 2032, leveraging data analysis techniques to project the Market's growth trajectory, emerging opportunities, and anticipated challenges.
MARKET OVERVIEW:
Textile manufacturing involves the process of converting raw materials, such as cotton, wool, or synthetic fibers, into finished textile products like clothing, upholstery, and industrial textiles. This intricate process begins with fiber production, where fibers are extracted from natural or synthetic sources through methods like spinning or extrusion. These fibers are then spun into yarns, which are further processed into fabrics through weaving, knitting, or other techniques.
Throughout the manufacturing journey, various stages including dyeing, printing, and finishing add color, pattern, and texture to the textiles, enhancing their aesthetic appeal and functionality. Textile manufacturing plays a pivotal role in the global economy, providing employment opportunities and contributing to the diverse array of products that enrich our daily lives. From the garments we wear to the furnishings in our homes, textile manufacturing touches nearly every aspect of modern society.
MARKET DYNAMICS:
The increasing demand for sustainable and eco-friendly textiles, spurred by growing environmental consciousness among consumers and regulatory pressures for greener practices. Additionally, advancements in technology, such as automation and digitalization, streamline production processes, improve efficiency, and enhance product quality, contributing to market expansion. Furthermore, evolving consumer preferences, including the rising popularity of athleisure wear and functional textiles, create avenues for market diversification and product differentiation.
The fluctuating raw material prices and supply chain disruptions caused by geopolitical tensions or natural disasters. Moreover, stringent regulations pertaining to labor standards, chemical usage, and waste management pose compliance challenges for manufacturers, impacting operational costs and profitability. Despite these challenges, there are ample opportunities for growth and innovation in the textile manufacturing market. For instance, the increasing adoption of circular economy principles encourages the development of recycling and upcycling initiatives, fostering sustainability and resource efficiency across the supply chain.
TEXTILE MANUFACTURING MARKET SEGMENTAL ANALYSIS
BY TYPE:
Spinning machinery holds a pivotal role as it's responsible for the initial stage of transforming raw fibers into yarn. Innovations in spinning technology, such as rotor spinning and air-jet spinning, enhance efficiency and yarn quality, driving market growth. Similarly, weaving machinery plays a crucial role in fabric production by interlacing yarns to create woven textiles. Advancements in weaving technology, including computerized looms and shuttleless weaving machines, improve productivity and enable the production of complex designs, catering to diverse consumer preferences.
Knitting machinery is another significant segment in the textile manufacturing market, facilitating the production of knitted fabrics used in apparel, home textiles, and technical textiles. With the increasing demand for seamless garments and customized knitwear, knitting machinery manufacturers are focusing on developing versatile and high-speed machines to meet market demands. Moreover, dyeing machinery plays a crucial role in adding color and aesthetic appeal to textiles. Technological advancements in dyeing processes, such as eco-friendly dyeing methods and digital printing, address environmental concerns and offer customization options, driving the adoption of dyeing machinery in the market.
Furthermore, finishing machinery is essential for enhancing the properties and appearance of finished textiles. From softening and coating to water repellency and flame retardancy, finishing processes add value to textiles and meet specific end-user requirements. Manufacturers of finishing machinery are investing in research and development to introduce innovative finishing technologies that improve efficiency, reduce energy consumption, and comply with regulatory standards.
BY APPLICATION:
In the apparel sector, demand for fashion-forward and sustainable clothing continues to drive market growth. Manufacturers are leveraging innovative materials and production techniques to meet consumer preferences for comfort, durability, and style. Additionally, the rise of e-commerce and fast fashion fuels the demand for agile manufacturing processes, prompting investments in advanced machinery and automation to streamline production and reduce lead times.
Home textiles represent another significant segment in the textile manufacturing market, encompassing a wide range of products such as bedding, curtains, and upholstery. With increasing focus on home decor and interior design, manufacturers are introducing innovative fabrics and finishes to cater to evolving consumer tastes. Moreover, the growing trend towards eco-friendly and hypoallergenic home textiles drives the adoption of sustainable materials and production practices, creating opportunities for market expansion.
In the realm of technical textiles, applications span across diverse industries including healthcare, construction, and sports. The demand for technical textiles is driven by their functional properties such as strength, flexibility, and resistance to environmental factors. From medical implants and geotextiles to performance apparel and protective gear, technical textiles serve a myriad of purposes, driving innovation and investment in specialized manufacturing processes. Furthermore, automotive and industrial textiles play crucial roles in enhancing vehicle performance, safety, and durability. With the automotive industry transitioning towards electric and autonomous vehicles, there is a growing need for lightweight and eco-friendly textile solutions that offer thermal insulation, noise reduction, and structural reinforcement.
BY END-USE INDUSTRY:
Clothing remains one of the primary drivers, with consumers constantly seeking innovative fabrics that offer both comfort and style. The demand for sustainable and ethically produced clothing has surged in recent years, prompting manufacturers to adopt eco-friendly materials and manufacturing processes. Additionally, advancements in textile technology, such as moisture-wicking and UV-resistant fabrics, cater to the growing market for performance-driven apparel in sports and leisure activities.
Household textiles represent another significant segment in the textile manufacturing market, encompassing a wide range of products such as bedding, towels, and upholstery. With consumers placing greater emphasis on home decor and comfort, manufacturers are innovating to meet evolving tastes and preferences. From luxurious bedding made from organic cotton to eco-friendly curtains and upholstery fabrics, the household textiles sector is driven by a combination of style, functionality, and sustainability.
The automotive industry also plays a crucial role in shaping the textile manufacturing market, with textiles being integral components in modern vehicles. From seat covers and upholstery to interior trim and acoustical insulation, textiles contribute to both the aesthetics and performance of automobiles. With the growing demand for electric and autonomous vehicles, there is a heightened focus on lightweight and eco-friendly materials that offer superior durability and comfort. Moreover, medical textiles are witnessing increased demand due to the growing aging population and advancements in healthcare technology. From wound dressings and surgical gowns to implantable fabrics and protective barriers, medical textiles play a vital role in improving patient outcomes and enhancing infection control measures.
REGIONAL ANALYSIS:
North America and Europe boast established textile industries with a focus on innovation and sustainability. In these regions, manufacturers leverage advanced technology and adhere to stringent regulatory standards to produce high-quality textiles for diverse applications. Additionally, the growing demand for eco-friendly and ethically produced textiles drives market growth, with consumers placing emphasis on transparency and traceability throughout the supply chain.
Asia Pacific dominates the global textile manufacturing market, fueled by its robust manufacturing infrastructure and low production costs. Countries like China, India, and Bangladesh are key players in the region, contributing significantly to textile production and export. With a vast workforce and abundant raw materials, Asia Pacific remains a hub for textile manufacturing, catering to both domestic and international markets.
KEY MARKET PLAYERS:
- Arvind Limited
- Toray Industries, Inc.
- Lenzing AG
- Welspun India Ltd.
- Invista
- DuPont de Nemours, Inc.
- Indorama Ventures Public Company Limited
- Huntsman Corporation
- Asahi Kasei Corporation
- Mitsubishi Chemical Holdings Corporation
- Sutlej Textiles and Industries Ltd.
- Unifi, Inc.
- Raymond Limited
- Shandong Ruyi Technology Group Co., Ltd.
- Bombay Dyeing & Manufacturing Company Limited
- Weiqiao Textile Company Limited
- Teijin Limited
- Kordsa Teknik Tekstil A.Ş.
- Reliance Industries Limited
- Hyosung Corporation
- VLISCO
- Aditya Birla Group
- Zimmer AG
- Asahi Industries Co., Ltd.
- Grasim Industries Limited
Table of Contents
Introduction
Executive Summary
Market Overview
Definition of Textile Manufacturing
Historical Development
Current Market Trends
Market Dynamics
Drivers
Restraints
Opportunities
Challenges
Global Textile Manufacturing Market Analysis
Market Size & Forecast
Market Share Analysis
Regional Analysis
Segmentation Analysis
By Product Type
By Application
By Region
Competitive Landscape
Market Share Analysis
Company Profiles
Regulatory Framework
Technological Developments
Future Outlook
Conclusion
Appendix
Methodology
Glossary of Terms
List of Abbreviations
References
Textile Manufacturing Market Segmentation
By Type:
- Spinning Machinery
- Weaving Machinery
- Knitting Machinery
- Dyeing Machinery
- Finishing Machinery
By Application:
- Apparel
- Home Textiles
- Technical Textiles
- Automotive Textiles
- Industrial Textiles
By End-Use Industry:
- Clothing
- Household Textiles
- Automotive
- Medical Textiles
- Sports & Leisure
By Geography:
- North America (USA, Canada, Mexico)
- Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
- South America (Brazil, Argentina, Columbia, Rest of South America)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
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RESEARCH METHODOLOGY
With a collective industry experience of about 70 years of analysts and experts, Future Data Stats encompasses the most infallible research methodology for its market intelligence and industry analysis. Not only does the company dig deep into the innermost levels of the market, but also examines the minutest details for its market estimates and forecasts.
This approach helps build a greater market-specific view of size, shape, and industry trends within each industry segment. Various industry trends and real-time developments are factored into identifying key growth factors and the future course of the market. The research proceeds are the results of high-quality data, expert views & analysis, and valuable independent opinions. The research process is designed to deliver a balanced view of the global markets and allows stakeholders to make informed decisions, to attain their highest growth objectives.
Future Data Stats offers its clients exhaustive research and analysis, based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models distill the data & statistics and enhance the accuracy of our recommendations and advice.
With Future Data Stats calibrated research process and 360° data-evaluation methodology, the clients receive:
- Consistent, valuable, robust, and actionable data & analysis that can easily be referenced for strategic business planning
- Technologically sophisticated and reliable insights through a well-audited and veracious research methodology
- Sovereign research proceeds that present a tangible depiction of the marketplace
With this strong methodology, Future Data Stats ensures that its research and analysis is most reliable and guarantees sound business planning.
The research methodology of the global market involves extensive primary and secondary research. Primary research includes about 24 hours of interviews and discussions with a wide range of stakeholders that include upstream and downstream participants. Primary research typically is a bulk of our research efforts, coherently supported by extensive secondary research. Over 3000 product literature, industry releases, annual reports, and other such documents of key industry participants have been reviewed to obtain a better market understanding and gain enhanced competitive intelligence. In addition, authentic industry journals, trade associations’ releases, and government websites have also been reviewed to generate high-value industry insights.
Primary Research:
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Primary Research
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Desk Research
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Company Analysis
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• Identify key opinion leaders • Questionnaire design • In-depth Interviews • Coverage across the value chain
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• Company Website • Company Annual Reports • Paid Databases • Financial Reports
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• Market Participants • Key Strengths • Product Portfolio • Mapping as per Value Chain • Key focus segment
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Primary research efforts include reaching out to participants through emails, telephonic conversations, referrals, and professional corporate relations with various companies that make way for greater flexibility in reaching out to industry participants and commentators for interviews and discussions.
The aforementioned helps to:
- Validate and improve data quality and strengthen the research proceeds
- Develop a market understanding and expertise
- Supply authentic information about the market size, share, growth, and forecasts
The primary research interview and discussion panels comprise experienced industry personnel.
These participants include, but are not limited to:
- Chief executives and VPs of leading corporations specific to an industry
- Product and sales managers or country heads; channel partners & top-level distributors; banking, investments, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research:
A broad array of industry sources for the secondary research typically includes, but is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for a competitive scenario and shape of the industry
- Patent and regulatory databases to understand technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles, web-casts, and other related releases to evaluate the market
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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PRIMARY SOURCES |
DATA SOURCES |
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• Top executives of end-use industries • C-level executives of the leading Parenteral Nutrition companies • Sales manager and regional sales manager of the Parenteral Nutrition companies • Industry Consultants • Distributors/Suppliers
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• Annual Reports • Presentations • Company Websites • Press Releases • News Articles • Government Agencies’ Publications • Industry Publications • Paid Databases
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Analyst Tools and Models:
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BOTTOM-UP APPROACH |
TOP-DOWN APPROACH |
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· Arriving at · Arriving at · Market Share · Key Market Players |
· Key Market Players · Market Share · Arriving at · Arriving at |
Textile Manufacturing Market Dynamic Factors
Market drivers:
- Growing demand for sustainable and eco-friendly textiles
- Advancements in technology leading to increased efficiency and productivity
- Rising disposable income levels, especially in emerging economies, driving consumer spending on clothing and textiles
Key restraints:
- Fluctuating raw material prices impacting production costs
- Stringent regulations regarding environmental sustainability and worker safety
- Intense competition from other materials such as synthetics and alternative industries like fast fashion
Opportunities:
- Expanding into niche markets such as technical textiles for automotive and medical applications
- Investing in research and development to innovate new materials and manufacturing processes
- Leveraging e-commerce and digital platforms to reach a wider customer base and streamline operations
Challenges:
- Addressing issues related to labor rights and ethical sourcing
- Adapting to changing consumer preferences and trends
- Managing supply chain disruptions and logistics complexities, especially in global markets
Frequently Asked Questions
