Fabrics Market 2024-2033: Trends, Growth & Competitive Landscape Analysis

The fabrics market size has grown strongly in recent years. It will grow from $116.67 billion in 2023 to $123.42 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to strong economic growth in emerging markets, rapid growth in the automotive industry and increased demand for man-made fibers.

The fabrics market size is expected to see steady growth in the next few years. It will grow to $148.78 billion in 2028 at a compound annual growth rate (CAGR) of 4.8%. The growth in the forecast period can be attributed to increasing e-commerce, increasing demand for sportswear, rising population, technological advances and increasing internet penetration and smartphone usage. Major trends in the forecast period include use of blockchain, focus on digital textile printing ink and printers, focus on development of smart fabrics, adoption of robotics and automation in manufacturing units, use of artificial intelligence in fabric manufacturing and focus on increasing partnerships and collaborations.

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.

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Online Shopping Fuels Growth In The Fabrics Manufacturing Market
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.

Competitive Landscape -
Major companies operating in the fabrics market report are 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

Rapidly Increasing Demand For Smart Fabrics Across Multiple Industries
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 the 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. An example of smart fabrics is D-Shirt offered by French company Cityzen Sciences, which comes with a wide range of functions to record heart rate, GPS location, route, altitude, and speed.

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Key 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

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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