The textiles manufacturing market comprises establishments that manufacture fiber, yarn, threads, carpets, rugs, linens and other textile products. This industry also comprise establishments engaged in processing fiber, yarn and fabric to produce finished products.
The top five companies covered are Toray Industries Inc., Mohawk Industries, Indorama Corporation Pte. Ltd.,Beaulieu International Group and Weiqiao Textile Company Limited. Toray Industries Inc. was the largest company in the market.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Textile Manufacturing Market Size
The global textile manufacturing market was valued at around $872 billion in 2017. Asia Pacific was the largest region in the textiles manufacturing market in 2017, accounting for around 68% market share. China was the largest country in the market in 2017, accounting for around 38% market share.
Textile Manufacturing Market Trend
The textile industry has been shifting from labor intensive manufacturing processes to automated production facilities. Automation has enabled textile manufacturing companies to enhance productivity and reduce production costs. According to a report by Boston Consulting Group (BCG) in 2015, around 1 million industrial robots are expected to be deployed by 2025 , thus indicating increased automation and robotics technology adoption.
Textiles Manufacturing Market Segmentation
The textiles manufacturing market is segmented into fabrics manufacturing, yarn, fiber and thread manufacturing and home furnishings and floor coverings manufacturing.
Fabrics manufacturing comprises all establishments engaged in producing fabrics, mostly through processes such as weaving and knitting .
Yarn, fiber and thread manufacturing primarily engages in the manufacturing and marketing of spinning yarn from fibers; manufacturing of threads for sewing, crocheting, embroidery, and other applications.
Home furnishings and floor coverings manufacturing comprises all firms engaged in the wholesale distribution of home furnishings and housewares, such as glassware and earthenware, curtains and draperies, linens and towels, antiques, lamps (including electric), carpets, and other forms of soft and hard surface floor coverings