Canada Textile Market Size & Outlook, 2021-2030
Canada textile market, 2017-2030 (US$M)
Related Markets
Canada textile market highlights
- The Canada textile market generated a revenue of USD 45,938.0 million in 2021 and is expected to reach USD 69,261.5 million by 2030.
- The Canada market is expected to grow at a CAGR of 4.7% from 2022 to 2030.
- In terms of segment, fashion was the largest revenue generating application in 2021.
- Fashion is the most lucrative application segment registering the fastest growth during the forecast period.
Textile market data book summary
| Market revenue in 2021 | USD 45,938.0 million |
| Market revenue in 2030 | USD 69,261.5 million |
| Growth rate | 4.7% (CAGR from 2021 to 2030) |
| Largest segment | Fashion |
| Fastest growing segment | Fashion |
| Historical data | 2017 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Household, Technical, Fashion |
| Key market players worldwide | INVISTA, BSL-BIOSERVICE Scientific Laboratories GmbH, Lu Thai Textile, Paramount Global Class A, Companhia De Saneamento Basico Do Estado De Sao Paulo ADR, DBL Group, Lumière e i suoi fratelli, Li & Fung, Solvay SA |
Other key industry trends
- In terms of revenue, Canada accounted for 3.0% of the global textile market in 2021.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. textile market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 36,238.6 million by 2030.
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Textile Market Scope
Textile Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada textile market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to textile market will help companies and investors design strategic landscapes.
Fashion was the largest segment with a revenue share of 75.55% in 2021. Horizon Databook has segmented the Canada textile market based on household, technical, fashion covering the revenue growth of each sub-segment from 2017 to 2030.
Increasing immigration to the country owing to the presence of numerous work opportunities is expected to result in an increasing population in the country. Relaxed regulations for migration are expected to result in a population of various ethnicity immigrating to the country, which is expected to drive the demand for fashion and apparel over the forecast period.
Canada is expected to remain a major consumer in textile industry owing to rising imports and demand from various end-use industries. Canada is one of the growing markets for textiles in the North American region. This is attributed to the increasing demand for fashion clothing backed by the demand for high-end apparel from sportswear and activewear segments.
In Canada, the manufacturing of commodity textiles, which includes household items such as towels, linen, and curtains, largely falls under lower labor cost countries, such as Mexico, India, China, and Brazil. This results in increased imports in the country.
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Our clientele includes a mix of textile market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada textile market, including forecasts for subscribers. This country databook contains high-level insights into Canada textile market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Canada textile market size, by application, 2017-2030 (US$M)
Canada Textile Market Share, 2021 & 2030 (US$M)
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