Malaysia Textile Manufacturing Market Size (2024 - 2029)

The Malaysia Textile Manufacturing Market is poised for growth, with its market size expected to expand significantly over the forecast period. The industry is experiencing a resurgence as it adapts to post-pandemic realities, having restructured its sourcing and distribution channels and embraced digital solutions. Malaysia's textile sector is diverse, producing a wide range of products, including apparel and home textiles, and is recognized as an emerging global fashion hub. Despite facing competition from other Southeast Asian countries, Malaysia's market is supported by its innovative manufacturing processes and strong export relationships, particularly with the United States.

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Market Size of Malaysia Textile Manufacturing Industry

Malaysia Textile Manufacturing Market Summary
Study Period 2024-2029
Base Year For Estimation 2023
Market Size (2024) USD 3.32 Billion
Market Size (2029) USD 4.26 Billion
CAGR (2024 - 2029) 5.10 %
Market Concentration Low

Major Players

Malaysia Textile Manufacturing Market Major Players

*Disclaimer: Major Players sorted in no particular order

Malaysia Textile Manufacturing Market Analysis

The Malaysia Textile Manufacturing Market size is estimated at USD 3.32 billion in 2024, and is expected to reach USD 4.26 billion by 2029, growing at a CAGR of 5.10% during the forecast period (2024-2029).

  • The Association of Southeast Asian Nations (ASEAN) region's textile manufacturing industry grew in September 2022 at the fastest rate during the last year. Companies reported sharper gains in output, new orders, purchasing activity, and employment. The growth of the industry is looked forward to, by many Malaysian fashion designers, and the country is therefore recognized as a developing global fashion hub.
  • The number of Malaysians in this age group has been rising gradually in recent years, and the projected period is expected to see this trend continue. Because of this group's propensity for fast fashion, the apparel sector will see a spike in demand during the forecasted period.
  • Despite this fact, the industry is now coming back to normal. During the pandemic, the manufacturers started restructuring their sourcing and distribution channels. They also worked on enabling digital solutions. Due to all these efforts, the industry will see growth in the coming years. Malaysian textile manufacturing industry is highly versatile, with firms producing a wide variety of textiles, like natural fiber, synthetic fiber, natural yarn, woven yarn, knitted fabrics, woven fabrics, non-woven fabrics, bleached fabrics, dyed fabrics, finished fabrics, and printed fabrics. Malaysian textile manufacturers are also known for their ability to offer ready-to-wear apparel, home textile products, and industrial textile products.
  • The industry has a few competitors in the region, including Indonesia, Vietnam, Pakistan, Sri Lanka, China, Cambodia, and Bangladesh. This lower-cost competition led Malaysia to introduce smarter processes and more efficient manufacturing and distribution tech adoptions. The US is a leading importer of the textile products that Malaysia exports. It imported USD 266.254 billion worth of textile products from Malaysia in 2021. As the US economy is strong and has been able to withstand challenges historically, the textile manufacturing market in Malaysia has a promise of stable revenues that will only disappear after a while.

Malaysia Textile Manufacturing Industry Segmentation

The Malaysia textile manufacturing industry comprises spinning, fabric, wet processing, and garment manufacturing. The Malaysia textile manufacturing market is segmented by process type (spinning, weaving, knitting, finishing, and other processes), textile type (fiber, yarn, fabric, garments, and other textile types), and equipment and machinery (simple machines, automated machines, and console/assembly line installations). The market size and forecasts for the Malaysia textile manufacturing market in value (USD) for all the above segments.

By Process Type
Spinning
Weaving
Knitting
Finishing
Other Process Types
By Textile Type
Fiber
Yarn
Fabric
Garments
Other Textile Types
By Equipment and Machinery
Simple Machines
Automated Machines
Console/Assembly Line Installations
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Malaysia Textile Manufacturing Market Size Summary

The Malaysian textile manufacturing market is poised for significant growth, driven by a combination of cultural influences, economic strategies, and technological advancements. As a developing global fashion hub, Malaysia benefits from a rich cultural tapestry that influences its fashion industry, particularly in the realm of modest fashion, which caters to the predominantly Muslim population. The rise in female labor participation and financial independence is further fueling demand for modern fashion, contributing to the market's expansion. The industry has shown resilience, rebounding from the disruptions caused by the COVID-19 pandemic by restructuring sourcing and distribution channels and embracing digital solutions. This adaptability has positioned Malaysia as a competitive player in the ASEAN region, despite facing challenges from lower-cost competitors like Indonesia and Vietnam.

The market's growth is supported by Malaysia's strategic focus on export-oriented industrialization, which has bolstered its position as a key exporter of textiles, particularly to major markets such as the United States, Japan, and Turkey. The country's textile manufacturing sector is highly versatile, producing a wide range of products from natural and synthetic fibers to ready-to-wear apparel and industrial textiles. The government's efforts to encourage new businesses and reduce regulatory barriers have created a conducive environment for both local and international players. As global demand for high-quality textiles continues to rise, Malaysia's textile industry is expected to experience sustained growth, with opportunities for further expansion through collaboration and technological innovation.

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Malaysia Textile Manufacturing Market Size - Table of Contents

  1. 1. MARKET DYNAMICS AND INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Market Dynamics

      1. 1.2.1 Drivers

        1. 1.2.1.1 Well established textile industry in Malaysia

        2. 1.2.1.2 Supporting government policies

      2. 1.2.2 Restraints

        1. 1.2.2.1 Health hazards in textile industry

      3. 1.2.3 Opportunities

        1. 1.2.3.1 Incraese of numerous textile manufacturing facilities in the region

    3. 1.3 Value Chain / Supply Chain Analysis

    4. 1.4 Industry Policies and Regulations

    5. 1.5 Technological Developments in the Sector

    6. 1.6 Impact of COVID-19 on the Market

    7. 1.7 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.7.1 Threat of New Entrants

      2. 1.7.2 Bargaining Power of Buyers/Consumers

      3. 1.7.3 Bargaining Power of Suppliers

      4. 1.7.4 Threat of Substitute Products

      5. 1.7.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Process Type

      1. 2.1.1 Spinning

      2. 2.1.2 Weaving

      3. 2.1.3 Knitting

      4. 2.1.4 Finishing

      5. 2.1.5 Other Process Types

    2. 2.2 By Textile Type

      1. 2.2.1 Fiber

      2. 2.2.2 Yarn

      3. 2.2.3 Fabric

      4. 2.2.4 Garments

      5. 2.2.5 Other Textile Types

    3. 2.3 By Equipment and Machinery

      1. 2.3.1 Simple Machines

      2. 2.3.2 Automated Machines

      3. 2.3.3 Console/Assembly Line Installations

Malaysia Textile Manufacturing Market Size FAQs

The Malaysia Textile Manufacturing Market size is expected to reach USD 3.32 billion in 2024 and grow at a CAGR of 5.10% to reach USD 4.26 billion by 2029.

In 2024, the Malaysia Textile Manufacturing Market size is expected to reach USD 3.32 billion.

Malaysia Textile Manufacturing Market Report Snapshots

Malaysia Textile Manufacturing Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)