Textile And Apparel Market Growth Accelerated by E-commerce

The textile and apparel industry represents one of the oldest and largest manufacturing sectors in the world. Textiles play an important role in daily lives ranging from clothing, home furnishings to various industrial uses. The textile industry manufactures a variety clothing and fashion garments as well as non-apparel textile products including bedding, towels, curtains, upholstery and industrial textiles.

Market key trends:

The growth of the textile and apparel market is largely accelerated by the increasing adoption of e-commerce platforms. Rising internet penetration and growing preference of consumers towards online shopping has boosted the e-commerce sales of textiles and apparel products across the globe. According to recent study, around 25% of apparel sales worldwide are now made through e-commerce channels. Leading online retailers are partnering with top textile brands and offering various discounts and deals to attract more customers. Their wide product range, coupled with easy payment options and doorstep delivery services have enhanced the overall online shopping experience for textiles and apparel. This is strengthening the textile and apparel e-commerce industry substantially and driving significant market growth over the forecast period.

Segment Analysis
The global textile and apparel market is divided into segments such as fiber, fabric, and application. The fabric segment accounts for the largest share of around 34% in 2024 owing to high demand for fabric from top clothing brands. The application segment is further divided into transportation, medical and healthcare, construction, food, fashion and entertainment, and others. The fashion and entertainment sub-segment dominated the market in 2024 with a share of over 28% due to rising expenditure on apparels and fashion accessories globally.

Key Takeaways
Global Textile And Apparel Market Size  is expected to witness high growth during the forecast period.

Regional analysis: North America dominated the market in 2024 with a market share of around 27% due to established textile industry and high per capita clothing expenditure in the US and Canada. Asia Pacific is expected to grow at the fastest rate during the forecast period owing to rising middle-class population, increasing disposable incomes, and presence of large textile hubs in China, India, and other Asian countries.

Key players operating in the textile and apparel market are IBM, Microsoft, Amazon Web Services, Google, Cisco, NTT Data, VMware, DXC, Rackspace, Informatica, Accenture, WSM, Zerto, Virtustream, RiverMeadow, OpenStack, CloudEndure, Cloudreach, Apps Associates, Rigs IT.

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