Rising Disposable Income and Changing Consumers’ Shopping Behaviour to Play an Active Role in the European Textile Market

European textile is estimated to record a healthy CAGR during the forecast period (2020-2026). Rising disposable income and changing consumers’ shopping behavior, rise in Demand for Organic Textiles and Fabrics, healthy international trades, and extensive research and innovation are some of the crucial factors contributing to the growth of the textile industry in the region.

Browse the full report Description European Textile Market Size, Share & Trends Analysis Report by Material (Cotton, Jute, Silk, Synthetic, Wool, and Others), by Application (Fashion and Clothing, Industrial/Technical, and Household) Forecast Period (2020-2026) at https://www.omrglobal.com/industry-reports/european-textile-market 

With non-essential businesses remaining closed for most of March, April, and May, clothing and apparel retail stores recorded high losses in sales impacting the overall European textile industry negatively. Financial results published by renowned fashion brands such as the Spanish Inditex Group, the Swedish H&M, and the British retailer Next, laid bare the enormity of the pandemic’s impact. On top of that, the dependency of European clothing retailers on global suppliers meant that many companies had to cancel, reduce, or even fail to complete already-placed orders.

The coronavirus toll on the European textile industry was felt most acutely in manufacturing and retail sales. In the clothing sector, production regressed sharply in the period between January and April 2020. For the textile sector, the production decline was not as dramatic, but still at critical levels. It was not until May that the retail trade of apparel, textiles, and footwear experienced a turnaround in Europe, as governments gradually lifted lockdown measures and business continued at a pace that resembled the normal known prior to the coronavirus outbreak.

Market Coverage

• The market number available for – 2019-2026
• Base year- 2019
• Forecast period- 2020-2026
• Segment Covered- by Material and Application
• Countries Covered- UK, Germany, Italy, Spain, France, and Rest of Europe
• Competitive Landscape- River Island, Salvatore Ferragamo S.P.A., Solvay S.A., Successori REDA SpA, and Tavelmo (The Movelta Group)

Key questions addressed by the report

• What is the market growth rate?
• Which segment/region dominates the market in the base year?
• Which segment/region will project fastest growth in the market?
• How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from pre-COVID forecast

o Most affected region/segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Europe Textile Market Report Segment

By Material

• Cotton
• Jute
• Silk
• Synthetic
• Wool
• Others

By Application

• Fashion and Clothing
• Industrial/Technical
• Household

Europe Textile Market Report Segment

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe