Saudi Arabia Textile Market Size & Outlook, 2021-2030
Saudi Arabia textile market, 2017-2030 (US$M)
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Saudi Arabia textile market highlights
- The Saudi Arabia textile market generated a revenue of USD 9,631.3 million in 2021 and is expected to reach USD 13,594.4 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 3.9% 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 9,631.3 million |
| Market revenue in 2030 | USD 13,594.4 million |
| Growth rate | 3.9% (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, Saudi Arabia accounted for 0.6% of the global textile market in 2021.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia textile market is projected to lead the regional market in terms of revenue in 2030.
- Iran is the fastest growing regional market in Middle East & Africa and is projected to reach USD 8,967.8 million by 2030.
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Textile Market Scope
Textile Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia 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 78.25% in 2021. Horizon Databook has segmented the Saudi Arabia textile market based on household, technical, fashion covering the revenue growth of each sub-segment from 2017 to 2030.
Saudi Arabia has been a notable market for men’s, women’s, and children’s clothing with a distinct demarcation between the different economic classes of the population. Changing lifestyle of consumers is expected to drive the demand for western clothes, particularly among youth Population.
High disposable income and positive consumer perception toward fashion are expected to drive the demand for apparel and accessories such as handbags, shoes, and ties over the forecast period. In addition to apparel, the demand for technical textiles is also high in the region owing to the presence of a large oil & gas sector.
Rapid infrastructure development, increasing number of medical facilities, and rising number of manufacturing units are expected to propel the demand for technical textiles including geosynthetics and medical-grade textiles.
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Target buyers of Saudi Arabia 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 Saudi Arabia textile market, including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia textile market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia textile market size, by application, 2017-2030 (US$M)
Saudi Arabia Textile Market Share, 2021 & 2030 (US$M)
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