Trusted Press Release Distribution   Plans | Login    

Briefing Search
Keyword:
Category:

       

    
Author Details
Claight Corporation (Expert Market Research)
www.expertmarketresearch.com
Charlotte Jones
sales@expertmarketresearch.com
+1-415-325-5166
30 North Gould Street, Sheridan, WY 82801, USA


Bookmark and Share
Europe Textile Market Report, Trends, Growth, Key Players, Share, Size, Forecast 2024-2032
The Europe textile market reached a value of USD 181.77 billion in 2023 and is projected to grow at a CAGR of 3.0% from 2024 to 2032, reaching USD 236.86 billion by 2032.

BriefingWire.com, 9/10/2024 - According to the report by Expert Market Research (EMR), the Europe Textile Market Size reached a value of USD 181.77 billion in 2023. Aided by the advancements in technology, a strong focus on sustainability, and the shifting dynamics of global trade, the market is projected to further grow at a CAGR of 3.0% between 2024 and 2032 to reach a value of USD 236.86 billion by 2032.

At the centre of the European textile sector’s evolution is a relentless pursuit of innovation. From smart textiles incorporating wearable technology to sustainable fabrics made from recycled materials, European manufacturers are at the forefront of developing textiles that meet the demands of modern consumers and industries. The integration of digital technologies, such as 3D printing and automated weaving and knitting machines, has revolutionised production processes, enhancing efficiency, precision, and creativity.

The fast fashion trend has boosted the Europe textile market growth for years, characterised by quick turnaround times and high volumes. However, there is a growing shift towards slow fashion, with consumers increasingly valuing quality, sustainability, and ethical manufacturing practices over speed and cost. This shift is encouraging brands to focus on durability, timelessness, and environmental impact in their offerings. The rise of online shopping has transformed the market, enabling direct-to-consumer sales and opening up new markets for European manufacturers. Digitalisation also offers opportunities for customization and personalisation, appealing to consumers looking for unique and tailored products.

Get a Free Sample Report with a Table of Contents: bityl.co/RyOk

Sustainability has emerged as a central theme in the Europe textile market, with both consumers and regulators pushing for environmentally friendly practices. The market has responded by embracing circular economy principles, focusing on reducing waste, recycling materials, and minimising the environmental impact of textile production. European textile companies are increasingly investing in sustainable fibres, eco-efficient manufacturing processes, and transparency in supply chains, setting a benchmark for the global textile sector.

As per the Europe textile market outlook, the market is influenced by a diverse mix of traditional craftsmanship and cutting-edge design. High-quality, luxury textiles remain a significant segment, with European brands renowned worldwide for their excellence in materials and craftsmanship. At the same time, the market is witnessing a surge in demand for technical textiles with specialised applications in healthcare, automotive, and aerospace industries, among others.

Competitive Landscape Of Europe Textile Market

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Europe textile market. Some of the major players explored in the report by Expert Market Research are as follows:

TDV Industries

Successori Reda SpA

LENZING AG

Paulo de Oliveira Company

Tirotex Textile Company

Aquafil S.p.A.

Fulgar SpA

Getzner Textil AG

Lanificio Fratelli Balli SpA

Others

 
 
FAQs | Contact Us | Terms & Conditions | Privacy Policy
© 2024 Proserve Technology, Inc.