The Business Research Company’s Fabrics Global Market Report 2021: COVID-19 Impact And Recovery To 2030
LONDON, GREATER LONDON , UK, July 7, 2021 /EINPresswire.com/ — According to the new market research report ‘Fabrics Global Market Report 2021: COVID-19 Impact And Recovery To 2030’ published by The Business Research Company, the global fabrics market is expected to grow from $165.7 billion in 2020 to $183.9 billion in 2021 at a compound annual growth rate (CAGR) of 10%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $228.6 billion in 2025 at a CAGR of 6%. Increasing demand for online shopping is expected to drive the fabrics manufacturing market.
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The fabrics market consists of sales of fabrics by entities (organizations, sole traders and partnerships) that manufacture fabrics, through processes such as weaving and knitting. A fabric is a cloth formed by weaving, knitting, tufting or bonding together. Fabric mills include broad woven fabric mills, narrow fabric mills, non-woven fabric mills and knit fabric mills. They are engaged in weaving fabrics, felts and narrow fabrics, and they also further finish and fabricate fabric products. Fabrics are mainly used as raw materials for manufacturing apparels and home furnishings products.
Trends In The Global Fabrics Market
The demand for smart fabrics is increasing rapidly. This is mainly driven by the growing use of smart fabrics in various sectors including fashion, entertainment, medical, transportation, sports and fitness, and military. Smart fabrics are textiles that can interact with their environment and respond to a physical stimulus including those from mechanical, electrical, thermal and chemical sources. Sensors, actuators and fabrics are the major components of smart fabrics. The materials used in smart fabrics include optical fibers, metals and conductive polymers. An example of smart fabrics is D-Shirt offered by French company Cityzen Sciences, which comes with a wide range of functions to record heart rate, GPS location, route, altitude and speed.
Global Fabrics Market Segments:
The global fabrics market is further segmented based on type, product and geography.
By Type: Non-Woven Fabrics, Knitted Fabrics, Broadwoven Fabrics, Narrow Fabric Mills and Schiffli Machine Embroidery
By Product: Cotton Fabric, Linen Fabric, Silk Fabric, Canvas Fabrics, Polycotton Fabric, Others
Subsegments Covered: Dyed Artificial Knitted Fibers, Dyed Cotton Knitted Fabrics, Elastomeric Yarn Knitted Fabrics, Lace Knitted Fabrics, Pile Knitted Fabrics, Dyed Synthetic Knitted Fibers, Printed Synthetic Knitted Fibers, Other Knitted Fabrics
By Geography: The global fabrics market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global fabrics market, accounting for 55% of the market in 2020.
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Fabrics Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides fabrics market overviews, analyzes and forecasts market size and growth for the global fabrics market, fabrics global market share, fabrics global market players, fabrics global market segments and geographies, fabrics global market’s leading competitors’ revenues, profiles and market shares. The fabrics global market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Read Fabrics Global Market Report 2021 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Fabrics Market Organizations Covered: Toray Industries Inc; Luthai Textile Co Ltd; Vardhaman Group; Arvind Ltd; Bombay Rayon Fashions Ltd.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets. Here is a list of reports from The Business Research Company similar to the Fabrics Global Market Report 2021:
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