Global Fabrics Market Trends And Strategies Of Major Players In The Fabrics Market 2021-2030
18 Feb, 2021
The fabrics market consists of sales of fabrics by entities (organizations, sole traders and partnerships) that manufacture fabrics, through processes such as weaving and knitting. A fabric is a cloth formed by weaving, knitting, tufting or bonding together. Fabric mills include broad woven fabric mills, narrow fabric mills, non-woven fabric mills and knit fabric mills. 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 apparels and home furnishings products.
Global Fabrics Market Size And Drivers:
The global fabrics market is expected to grow from $165.7 billion in 2020 to $183.9 billion in 2021 at a compound annual growth rate (CAGR) of 10.%. The market is expected to reach $228.6 billion in 2025 at a CAGR of 6%. Increasing demand for online shopping is expected to drive the fabrics manufacturing market.
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Trends In The Global Fabrics Market
The demand for smart fabrics is increasing rapidly. This is mainly driven by the growing use of smart fabrics in various sectors including fashion, entertainment, medical, transportation, sports and fitness, and military. Smart fabrics are textiles that can interact with their environment and respond to a physical stimulus including those from mechanical, electrical, thermal and chemical sources. Sensors, actuators and fabrics are the major components of smart fabrics. The materials used in smart fabrics include optical fibers, metals and conductive polymers.
Global Fabrics Market Segments:
The global fabrics market is further segmented based on type, product and geography.
By Type:Non-Woven Fabrics, Knitted Fabrics, Broad Woven Fabrics, Narrow Fabric Mills and Schiffli Machine Embroidery.
By Product:Cotton Fabric, Linen Fabric, Silk Fabric, Canvas Fabrics, Polycotton Fabric, Others.
Subsegments Covered:Dyed Artificial Knitted Fibers, Dyed Cotton Knitted Fabrics, Elastomeric Yarn Knitted Fabrics, Lace Knitted Fabrics, Pile Knitted Fabrics, Dyed Synthetic Knitted Fibers, Printed Synthetic Knitted Fibers, Other Knitted Fabrics.
By Geography:The global fabrics market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Asia Pacific is the largest region in the global fabrics market, accounting for 55% of the total market.
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Fabrics Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides fabrics market overviews, analyzes and forecasts market size and growth for the global fabrics market, fabrics market share, fabrics market players, fabrics market segments and geographies, fabrics market’s leading competitors’ revenues, profiles and market shares. The fabrics market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.