Textile manufacturing Market To Grow At A Higher Rate Due To Changing Trends

The Business Research Company’s global textile manufacturing market, covers the year-on-year growth of the global textile manufacturing historic and forecast growth. It also includes chapters on the trends, geographical analysis, and competitive landscape.

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The global textile manufacturing market is forecast to grow at a CAGR (compound annual growth rate) of around 7 % to 2022.

Textile Manufacturing Market Trends

Robotics and automation in textile units, relocation of production units are the major trends witnessed in the global textile manufacturing market. With emerging markets growth, technology development, the scope and potential for the global textile manufacturing market is expected to significantly rise in the forecast period.

Fabrics manufacturing was the largest segment in the textiles manufacturing market with a 40% share of the market. This is due to high demand for fabrics from apparel manufacturing facilities especially from developing economies such as China, India and Bangladesh.

The global textile manufacturing is primarily driven by increase in high demand for ready to wear apparel products from developed countries and developing countries such as China and India, high demand for fabrics.

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The global textile manufacturing market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.

With emergence of social media the trend to adapt new fashion is increasing hence the global textile manufacturing is expected to increase in potential and scope. TBRC’s report also covers the global textile manufacturing market report drivers and restraints in the market.

The global textile manufacturing market segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.

The top companies included in the global textile manufacturing report are Toray Industries Inc, Mohawk Industries, Indorama Corporation Pte Ltd, Beaulieu International Group, Weiqiao Textile Company Limited

The textile manufacturing market size is expected to reach $1 trillion by 2022, significantly growing at a CAGR of around 7% during the forecast period. The growth in the textile manufacturing market is due to high demand for ready to wear apparel products from developed countries and developing countries such as China and India, high demand for fabrics.

However, the market for textile manufacturing is expected to face certain restraints from several factors such as lack of available resources, increasing inventory levels, counterfeit products and reduction in free trade.

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