The European textile market is anticipated to at a CAGR of around 4% during the forecast period. The textile industry plays a pivotal role in the European manufacturing sector and employs around 6% of the overall working class in total manufacturing in Europe. Sustainability, linked with corporate social responsibility and transparency is also influencing the European textile industry. Top producers of textiles in the EU are Italy, Germany, France, Spain, Portugal, the UK, Belgium, Poland, Romania, and Austria.

Research and innovation also have always been an important factor for the European textile and clothing industry, to remain one step ahead of the global competition. Knowledge, creativity, more advanced technology, and better organization can overcome challenges, such as higher labor and resource costs, lack of local raw materials, etc. As the pace of innovation accelerates across the world, the sector is intensifying its efforts to conquer high-tech niches, increase its flexibility and time to market, and use its production resources in a more efficient and waste-free way. Key trends for the future include flexible, short-run, on-demand production, digital manufacturing and supply chain management, customization and service-based business models, sustainable business operations, and the extension of application areas for highly engineered and smartly functionalized textile materials.

The European textile market is segmented based on material and application. Based on material, the textile market is segmented into cotton, jute, silk, synthetic, wool, and others. Wool is expected to be the fastest-growing segment based on material. Presently, the European countries, such as the UK, Italy, Germany, and France, are only minor wool producers, but they held great importance in the past. However, they continue to retain their long-established textile industries. The application segment includes fashion and clothing, industrial/technical, and household. The industrial/technical segment is expected to lead the market share during the forecast period. 

Country-wise, the market is segmented into the UK, Germany, France, Italy, Spain, and Rest of Europe. Italy is anticipated to lead Europe with a hefty market value share but is expected to witness a moderate growth rate during the forecast period. Italians are increasingly wearing casual and comfortable outfits, including sportswear, on a daily basis, and teaming them with smart and fashionable items. The athleisure trend helped sportswear categories to record growth despite the unfavorable domestic demand for apparel and footwear. Further, River Island, Salvatore Ferragamo S.P.A., Solvay S.A., Successori REDA SpA, and Tavelmo (The Movelta Group) are among some of the key textile market players in Europe. 

Research Methodology

The market study of the European textile market is incorporated by extensive primary and secondary research conducted by the research team at OMR.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity in our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. European Textile Market Research and Analysis by Material
2. European Textile Market Research and Analysis by Application

The Report Covers

• Comprehensive research methodology of the European textile market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the European textile market.
• Insights about market determinants which are stimulating the European textile market.
• Detailed and extensive market segments with the regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.