Market Size of GCC Textile Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 15.08 Billion |
| Market Size (2029) | USD 20.93 Billion |
| CAGR (2024 - 2029) | 6.78 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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GCC Textile Market Analysis
The GCC Textile Market size is estimated at USD 15.08 billion in 2024, and is expected to reach USD 20.93 billion by 2029, growing at a CAGR of 6.78% during the forecast period (2024-2029).
- In GCC, the United Arab Emirates (UAE) has a large textile industry, making products such as child safety seats, curtains, luggage, and some high-end fashion for local purchases. However, its best-selling textiles are woven goods like knitwear. This textile industry's contribution to the country's income and employment is second only to the oil and gas industry. Although the UAE sells to over 50 countries, it also has a large customer base domestically.
- The textile business in Dubai benefits retailers who want to design and sell clothing in the apparel industry and investors who wish to construct facilities to produce textile goods like clothing. Dubai has around 16 million foreign visitors annually, and the country's tourism industry is driving growth in the retail industry. Due to this, Dubai now accounts for more than 10% of the country's national gross domestic product, and the city's retail and tourism industries contribute a major chunk to the city's GDP.
- An effort to make the fashion business more sustainable and ecologically friendly has become a major trend in the world of fashion. This has motivated several designers to produce ready-to-wear garments using recycled fabrics. Saudi Arabia's brand Glamming Sisters established an eco-friendly streetwear line to promote the adoption of ethical fashion to promote and increase the adoption of sustainable fashion. The online retailer wants to provide eco-friendly modern clothing that will influence the fashion scene in the Kingdom and give customers trendy designs with a comfortable fit.
- Developments in end-user segments, for instance, residential and commercial (hospitality), and the increasing attentiveness regarding altering inclinations of home-based interior decoration are expected to motivate the home textile industry in Saudi Arabia. The rising rate of urbanization and improved quality of living are responsible for the growing demand for home textiles like bedding, bed sheets, towels, blankets, and covers.
