Global Contract Textile Market, By Product (Type A, Type B, Type C), End Users (Office Spaces, Public Buildings, Healthcare, Hotels, Restaurants, Cafes) - Industry Trends and Forecast to 2030.
Global Contract Textile Market Analysis and Size
The seasonal demand and weather conditions contributing to the growth of the Global Contract Textile Market in the forecast period of 2023 to 2030. Also, the health and sun safety awareness is significantly contributing to the market’s growth.
Data Bridge Market Research analyses that the global contract textile market was valued at USD 6,766.50 million in 2022 and is expected to reach USD 9,331.90 million by 2030, registering a CAGR of 4.1% during the forecast period of 2023 to 2030. In 2023, type A segment will dominate the market as there is a rise in supplying textiles and fabrics for use in commercial and institutional settings, such as hotels, restaurants, offices, healthcare facilities, and more. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Contract Textile Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Type A, Type B, Type C), End Users (Office Spaces, Public Buildings, Healthcare, Hotels, Restaurants, Cafes)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Beaulieu International Group (Belgium), Indorama Corporation (Singapore), MOHAWK INDUSTRIES, INC (U.S.), TORAY INDUSTRIES, INC. (Japan), Weiqiao Textile Company Limited (China)., Camira (U.K.), Sunbury Design (U.K.), Agua Fabrics (U.K.), DELIUS (Belgium), Lu Thai Textile Co., Limited (China), Successori REDA S.p.A (Italy), Paramounttextiles (U.S.), ARC-COM (U.S.), ARCHITEX (U.S.), CTL LEATHER (Canada), C.F. STINSON, LLC (U.S.), Crnegie Endowment for International Peace (U.S.), DESIGNTEX (U.S.), MAHARAM (U.S.), MOMENTUM (U.S.), ENNIS Inc, (U.S.), and SPINNEYBECK (U.S.)
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Market Opportunities
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Market Definition
Contract textile is a B2B business, where textile manufacturers have established a contract manufacturing of final products in which involved market players. Contract textiles might have the same name as domestic textiles for household items such as duvets, sheets, pillowcases, towels and blankets but they are worlds apart in terms of specification, performance and expectation. Increasing demand for textile contracting to cater to specific supplies given by end-users from public buildings, hospitals, offices, and hotels is expected to drive industry growth over the projected period
Global Contract Textile Market Dynamics
Drivers
- Rising Demand for Commercial Construction and Renovation
The construction and renovation of commercial spaces, including hotels, offices, and healthcare facilities, drive demand for contract textiles. As the economy grows and urbanization continues, there's a consistent need for textiles in these settings.
- Increase in Demand Due to Customization
Contract textile industry are mainly focussed in the manufacturing of consumer-specific textiles. For example, they design waterproof, fire-resistant, antimicrobial, stain-resistant, and highly durable fabrics for the healthcare industry. Fabrics are customized as per the spaces wherein they will be installed or use.
Opportunity
- Increase in Demand of EC0-Friendly Products
Manufacturers are taking steps to reduce the environmental impact by using recyclable and eco-friendly during textile production. The countries are aiming toward becoming a circular economy by enhancing the use of reusable and recyclable products. Therefore, mentioned trend is anticipated to have an impact on the contract textile manufacturing industries.
Restraint/ Challenge
- Economic Downturns
The Economic recessions and downturns can lead to reduced investments in commercial construction and renovation projects. Businesses and institutions may delay or scale back projects during periods of economic uncertainty, affecting demand for contract textiles
- Regulatory Compliance and Price Sensitivity
Meeting regulatory requirements, such as fire safety codes and environmental standards, can be challenging and costly. Non-compliance can lead to fines and damage a company's reputation. Buyers in the global contract textile market can be price-sensitive, particularly in competitive industries. Price pressures can limit profit margins and require companies to find cost-effective manufacturing and sourcing strategies
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Contract Textile Market Scope
The global contract textile market is segmented on the basis of product and end users. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Type A
- Type B
- Type C
End Users
- Office Spaces
- Public Buildings
- Healthcare
- Hotels
- Restaurants
- Cafes
Global Contract Textile Market Regional Analysis/Insights
Global contract textile market is analysed and market size insights and trends are provided by product and end users as referenced above.
The countries covered in the global contract textile market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa
Asia-Pacific dominates the global contract textile market in terms of market share and revenue during the forecast period. This is due to the increasing demand for contract textile in this region. The Asia-Pacific region leads the global contract textile market, with China leading due to the presence of large number of manufacturers and increasing population. Due of the ease of presence of large number of manufacturers & increasing population, China is leading the Asia-Pacific market.
The country section of the report also provides individual market impacting factors and changes in regulations in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Contract Textile Market Share Analysis
The global contract textile market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global contract textile market.
Some of the major players operating in the global contract textile market are:
- Beaulieu International Group (Belgium)
- Indorama Corporation (Singapore)
- MOHAWK INDUSTRIES, INC (U.S.)
- TORAY INDUSTRIES, INC. (Japan)
- Weiqiao Textile Company Limited (China).
- Camira (U.K.)
- Sunbury Design (U.K.)
- Agua Fabrics (U.K.)
- DELIUS (Belgium)
- Lu Thai Textile Co., Limited (China)
- Successori REDA S.p.A (Italy)
- Paramounttextiles (U.S.)
- ARC-COM (U.S.)
- ARCHITEX (U.S.)
- CTL LEATHER (Canada)
- C.F. STINSON, LLC (U.S.)
- Crnegie Endowment for International Peace (U.S.)
- DESIGNTEX (U.S.)
- MAHARAM (U.S.)
- MOMENTUM (U.S.)
- ENNIS Inc, (U.S.)
- SPINNEYBECK (U.S.)
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