Market Size of Europe Textile Industry
| Study Period | 2019 - 2028 |
| Base Year For Estimation | 2021 |
| Market Size (2023) | USD 179.64 Billion |
| Market Size (2028) | USD 212.60 Billion |
| CAGR (2023 - 2028) | 3.43 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Textile Market Analysis
The Europe Textile Market size is estimated at USD 179.64 billion in 2023, and is expected to reach USD 212.60 billion by 2028, growing at a CAGR of 3.43% during the forecast period (2023-2028).
The textile industry is primarily concerned with the design, production, and distribution of yarn, cloth, and clothing. The raw material used may be natural or synthetic.
In Europe, the textile industry is a major contributor to the economy, employing nearly 6% of the working class in total manufacturing in the region. The COVID-19 outbreak has had a significant impact on business sectors and the overall economy of the European region. Europe is home to hundreds of leading retailers and brands, internationally acclaimed designers, thousands of talented emerging designers, and forward-thinking entrepreneurs, researchers, and educators. European high-quality textiles and premium fashion products are in growing demand, both in high-income countries such as the United, Switzerland, Japan, or Canada, but also emerging countries such as China and Hong Kong, Russia, Turkey, and the Middle East. Technical textiles are an undisputed success story of the European industry. In terms of international trade, both exports and imports of technical textiles have grown continuously over the years.
