China Textile Market Size & Outlook, 2021-2030
China textile market, 2017-2030 (US$M)
Related Markets
China textile market highlights
- The China textile market generated a revenue of USD 357,030.0 million in 2021 and is expected to reach USD 863,778.8 million by 2030.
- The China market is expected to grow at a CAGR of 10.3% from 2022 to 2030.
- In terms of segment, fashion was the largest revenue generating application in 2021.
- Household is the most lucrative application segment registering the fastest growth during the forecast period.
Textile market data book summary
| Market revenue in 2021 | USD 357,030.0 million |
| Market revenue in 2030 | USD 863,778.8 million |
| Growth rate | 10.3% (CAGR from 2021 to 2030) |
| Largest segment | Fashion |
| Fastest growing segment | Household |
| 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, China accounted for 22.9% of the global textile market in 2021.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China textile market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 301,004.3 million by 2030.
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Textile Market Scope
Textile Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China 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 71.94% in 2021. Horizon Databook has segmented the China textile market based on household, technical, fashion covering the revenue growth of each sub-segment from 2017 to 2030.
China is the largest textile market in the world due to the presence of advanced manufacturing, high raw material availability, huge investments by market players, low-cost labor, favorable demographics, domestic consumer marketplace, and substantial manufacturing companies. The government has taken initiatives such as offering subsidies to manufacturers and “Going Out” strategy for textile industry.
This scenario is likely to boost the consumption of textiles in China and other Asia Pacific countries over the forecast period. Technological advancement, innovation, and huge R&D investment enable the country to improve its overall market position.
China has a significant competitive advantage in terms of price in the global textile market. The country’s exports are relatively cheaper than that of other countries like Thailand on account of cheap labor, lower wages, and technological advancements.
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Target buyers of China textile market databook
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China textile market, including forecasts for subscribers. This country databook contains high-level insights into China textile market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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China textile market size, by application, 2017-2030 (US$M)
China Textile Market Share, 2021 & 2030 (US$M)
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