Market Size of Europe Textile Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 185.80 Billion |
| Market Size (2029) | USD 219.89 Billion |
| CAGR (2024 - 2029) | 3.43 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Textile Market Analysis
The Europe Textile Market size is estimated at USD 185.80 billion in 2024, and is expected to reach USD 219.89 billion by 2029, growing at a CAGR of 3.43% during the forecast period (2024-2029).
In Europe, the textile industry significantly contributes to the economy, employing nearly 6% of the working class in total manufacturing. After COVID-19, there was an inclination toward the latest fashion trends among the young generation. Changing collections every three weeks has induced consumers to act with new behavior.
Digital platforms and digital marketing strategies are becoming prevalent in the European fashion market, and many new brands have emerged with the development of e-commerce, which allows companies to engage consumers through virtual reality. The fashion and online apparel industry is the one that marks the most significant growth in e-commerce sales. Therefore, the advent of online platforms has increased consumer spending on clothing through these channels, driving sales and revenue in the European textile market.
