The global textile manufacturing market, a part of the paper, plastics, rubber, wood and textile manufacturing industry, grew at a compound annual growth rate (CAGR) of around 6% during the historic period. The paper, plastics, rubber,Fiber to the home (FTTH) wood and textile manufacturing industry showed a steady growth. The growth is mainly due to the high demand for fabrics from apparel manufacturing facilities especially from developing economies such as China, India and Bangladesh.In the forecast period, the global textile manufacturing market size is expected to be over $1 trillion by 2021, growing at a CAGR of nearly 7%. This is expected due to the presence of many fabrics, apparels manufacturing and home furnishings facilities in the region. Furthermore, rising population, increase in dispensable income, and increasing per capita incomes are expected to drive the global textile manufacturing market in the future.
The textile industry has been shifting from labor intensive manufacturing processes to automated production facilities. Automation has enabled textile manufacturing companies to enhance productivity and reduce production cost.Major companies in the textile manufacturing market, offering robotic technology include Georgia-Pacific Corporation, International Paper, Kimberly Clark Corporation, Tetra Laval Group, Svenska Cellulosa Aktiebolaget.The textiles manufacturing market comprises establishments that manufacture fiber, yarn, threads, carpets, rugs, linens and other textile products. This industry also comprise establishments engaged in processing fiber, yarn and fabric to produce finished products.The top five companies covered are Toray Industries Inc., Mohawk Industries, Indorama Corporation Pte. Ltd.,Beaulieu International Group and Weiqiao Textile Company Limited. Toray Industries Inc. was the largest company in the market.The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.The textiles manufacturing market is segmented into fabrics manufacturing, yarn, fiber and thread manufacturing and home furnishings and floor coverings manufacturing. Fabrics manufacturing comprises all establishments engaged in producing fabrics, mostly through processes such as weaving and knitting. Yarn, fiber and thread manufacturing primarily engages in the manufacturing and marketing of spinning yarn from fibers; manufacturing of threads for sewing, crocheting, embroidery, and other applications.
Home furnishings and floor coverings manufacturing comprises all firms engaged in the wholesale distribution of home furnishings and housewares, such as glassware and earthenware, curtains and draperies, linens and towels, antiques, lamps (including electric), carpets, and other forms of soft and hard surface floor coveringsAbout The Business Research Company.The Business Research Company is a market research and intelligence company, which excels in company, market and consumer research.It has research professionals at its offices in the UK, India and the US as well a network of trained researchers globally. It has specialist consultants in a wide range of industries including manufacturing, healthcare, chemicals and technology.The Business Research Company’s management has more than 20 years of varied business research experience. They have delivered hundreds of research projects to the senior management of some of the world’s largest organizations.
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