Turkey Textile Market Size & Outlook, 2021-2030
Turkey textile market, 2017-2030 (US$M)
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Turkey textile market highlights
- The Turkey textile market generated a revenue of USD 7,565.1 million in 2021 and is expected to reach USD 20,321.1 million by 2030.
- The Turkey market is expected to grow at a CAGR of 11.6% 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 7,565.1 million |
| Market revenue in 2030 | USD 20,321.1 million |
| Growth rate | 11.6% (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, Turkey accounted for 0.5% of the global textile market in 2021.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany textile market is projected to lead the regional market in terms of revenue in 2030.
- Turkey is the fastest growing regional market in Europe and is projected to reach USD 20,321.1 million by 2030.
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Textile Market Scope
Textile Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Turkey 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 75.63% in 2021. Horizon Databook has segmented the Turkey textile market based on household, technical, fashion covering the revenue growth of each sub-segment from 2017 to 2030.
Turkey is among the most important countries in the European region in terms of textiles. Favorable regulations by the government of Turkey to increase the manufacturing output in the country are likely to play a crucial role in increasing the number of commercial offices and in turn fuel the demand for carpets over the forecast period.
Turkey’s exports of finished garments made of wool, cotton, and silk amount to majority of the market share in the country’s GDP. The exports of apparel exceeded by almost 23% in 2021 in comparison to the previous year.
The country enjoys an uninterrupted supply of cotton as it widely grows within the country. Cotton is a major raw material for the textile manufacturing industries which has significantly helped in the growth of the overall textile industry.
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Target buyers of Turkey 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 Turkey textile market, including forecasts for subscribers. This country databook contains high-level insights into Turkey textile market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Turkey textile market size, by application, 2017-2030 (US$M)
Turkey Textile Market Share, 2021 & 2030 (US$M)
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