Global Fabrics Market Size 2024, Forecast To 2033
11 Mar, 2024
The fabrics market has demonstrated robust growth in recent years, advancing from $116.67 billion in 2023 to $123.42 billion in 2024, showcasing a compound annual growth rate (CAGR) of 5.8%. This growth in the historical period is attributed to robust economic expansion in emerging markets, rapid growth in the automotive industry, and an increased demand for man-made fibers. Looking forward to 2028, the market is expected to continue its steady growth, reaching $148.78 billion with a CAGR of 4.8%. The forecasted growth in the coming years can be linked to increasing e-commerce, a rising demand for sportswear, a growing population, technological advances, and an increase in internet penetration and smartphone usage. Notable trends in the forecast period include the utilization of blockchain, a focus on digital textile printing ink and printers, the development of smart fabrics, the adoption of robotics and automation in manufacturing units, the use of artificial intelligence in fabric manufacturing, and a focus on increasing partnerships and collaborations.
Global Fabrics Market Key Driver
Increasing demand for online shopping is expected to drive the fabrics manufacturing market. Manufacturers can now sell their products on a larger platform than before, which will increase their customer base geographically, driving the growth of the apparel manufacturing market. In countries such as India, for instance, e-commerce portals have boosted the sales of traditional garments by giving larger exposure to producers who were confined to one geography where the weaving community was located. The expanding use of the internet and smartphones is anticipated to contribute to the growth of the fashion e-commerce industry. In February 2023, there were 71.8 million mobile connections in the UK, indicating a 3.8% (or around 2.6 million) increase over 2021. With the UK population expected to reach 68.3 million by 2025, and approximately 95% (or around 65 million individuals) owning a smartphone, this surge in connectivity is expected to lead to an increase in online shoppers. Consequently, this scenario is poised to boost demand for fashion and other e-commerce markets, generating higher revenue for the online fashion industry over the forecast period, incorporating the 2023 and 2024 market sizes.
Get A Free Sample Of The Global Fabrics Market ReportGlobal Fabrics Market Segments
The fabrics market covered in this report is segmented –
1) By Type: Non-Woven Fabrics, Knitted Fabrics, Broad Woven Fabrics and Narrow Fabric Mills, Schiffli Machine Embroidery.
2) By Product: Cotton Fabric, Linen Fabric, Silk Fabric, Polycotton Fabric, Other Products
3) By Application: T-Shirts, Sportwear, Outdoor Clothing, Performance Wear
Sub segments: Manmade Non-Woven Fabrics, Felt Non-Woven Fabrics, Dyed Artificial Knitted Fibers, Dyed Cotton Knitted Fabrics, Elastomeric Yarn Knitted Fabrics, Lace Knitted Fabric, Pile Knitted Fabric, Dyed Synthetic Knitted Fiber, Printed Synthetic Knitted Fibers, Other Knitted Fabrics, Nylon, Cotton, Polyester, Pile, Wool, Rayon, Silk, Other Broadwoven Fabrics, Narrow, Rubber Thread And Cord, Other Narrow Fabric Mills And Schiffli Machine Embroidery
By Geography:The regions covered in the fabrics market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa
Asia-Pacific was the largest region in the fabrics market in 2023. Western Europe was the second largest region in the fabrics market. The regions covered in the fabrics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Fabrics Industry Players
Toray Industries Inc, Reliance Industries Limited, INVISTA, Shenzhou International Holdings Limited, Teijin Ltd., Seoane Produccion Textil, Arvind Ltd, Mattex Yarns, Lion Brand Yarn Company, Champion Thread Co, Suominen Corporation, Elevate Textiles, National Spinning Co, Fabricato SA, BTK Textile, Inditex, Freudenberg Group, Como Luxury fabrics, Berry Global Inc., Spinrite Inc., Koninklijke Ten Cate NV, Pacific Textiles, Jiangsu Lianfa Textile Co Ltd, Salvatore Ferragamo SpA, Albany International Corp., Johns Manville, Terico Golzar, Cone Denim, Smartex, The Yarn Room, Eeden, American Silk Mill, Mango, Evora SA, American & Efird, Bombay Rayon Fashions Limited, Hanesbrands, Inc., Ahlstrom- Munksjö, Luthai Textile Co Ltd, Elasticos Yarns, Glatfelter Corporation, Indumentaria Lincoln Sa, Mohawk Industries, Inc., Low & Bonar, TWE Group, Yarnz, Maples Industries, Inc.,, Avgol, Saudi Spinning & Textile Mill, Berry Global Koninklijke Ten Cate NV, H and M Hennes and Mauritz GBC AB, Vardhman Group, Fibertex Nonwovens A/S, Fitesa, Integrated Fibers Limited, Standards Textile Co. Inc, Kimberly-Clark, DuPont de Nemours, Sarwani International Corporation, Herrschners Inc, United Textiles, Safety Components, Zhejiang Kingsafe, Spunchem Interntaional, Texameri SA (Texcom), Gale Pacific Fze, European Spinning Group, Weiqiao Textile, Lydall, AlSaraTex Co., Leena Egypt
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Fabrics Market Overview
Fabrics refers to cotton, nylon, wool, silk, or other threads that are woven together to create cloth or other materials that are used to create items like clothing, drapes, and sheets. They are engaged in weaving fabrics, felts, and narrow fabrics, and they also further finish and fabricate fabric products. Fabrics are mainly used as raw materials for manufacturing apparel and home furnishings products.
Fabrics Global Market Report 2023 provides data on the global fabrics market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The fabrics market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.