Europe Textile Market Size (2024 - 2029)

Europe Textile Market Analysis

The Europe Textile Market size is estimated at USD 185.80 billion in 2024, and is expected to reach USD 219.89 billion by 2029, growing at a CAGR of 3.43% during the forecast period (2024-2029).

In Europe, the textile industry significantly contributes to the economy, employing nearly 6% of the working class in total manufacturing. After COVID-19, there was an inclination toward the latest fashion trends among the young generation. Changing collections every three weeks has induced consumers to act with new behavior.

Digital platforms and digital marketing strategies are becoming prevalent in the European fashion market, and many new brands have emerged with the development of e-commerce, which allows companies to engage consumers through virtual reality. The fashion and online apparel industry is the one that marks the most significant growth in e-commerce sales. Therefore, the advent of online platforms has increased consumer spending on clothing through these channels, driving sales and revenue in the European textile market.

Europe Textile Industry Segmentation

The textile industry is the platform or industry in which the development, production, processing, manufacture, and distribution of textile and fabric materials occur. The textile market industry is concerned with the design, production, and distribution of yarn, cloth, clothing, and garments. The raw material may be natural or synthetic, which may be using products of the chemical industry. The European textile market is segmented by application type (clothing, industrial/technical applications, and household applications), material type (cotton, jute, silk, synthetics, and wool), and process type (woven and non-woven). The report offers Market Size and forecasts for the Europe Textile Market in value (USD) for all the above segments.