Global Clothing and Textile Industry Overview
The global clothing and textile industry is part of theconsumer goodssector and comprises fiber and yarn producing companies,textile manufacturers,clothing manufacturers and retailers.
Textile Retail Sector Key Markets
In theU.S.textile industry,manufacturers including Gildan Activewear,Parkdale Mills,Zagis USA,and Keer,have announced plans to increase domestic production of yarns,non-woven and technical fabrics by building new textile plants or expanding current facilities,according toTextile World.
In theEuropean Union(EU),women's clothing remain the largest sector.
Chinacontinues to lead in global clothing and textile exports.China is the largest supplier of both textiles and clothing to EU countries,followed by Turkey and Bangladesh.
Apparel Industry Key Players
The clothing and textile industry is fragmented and diverse,ranging from fabric to finished good providers and includes all sorts of retailers evenhome textile stores.Major apparel manufacturers includeChristian Dior,Nike andInditex.
Christian Dioris a French luxury goods company,which products include ready-to-wear apparel.The brand is widely recognized for its offerings for women.It distributes its products through a combination of in-store and online sales,according to the company.
Nikeis a U.S.-based company engaged in the design,development,manufacturing and sale offootwear,apparel,equipment,accessories and services.It sells products under brand names such as Nike Golf,Nike Pro,Nike+,Air Jordan,Air Force 1,Nike Dunk,Foamposite,Nike Skateboarding,and through subsidiaries including Converse.Nike uses a combination of retail stores and e-commerce platforms to sell its products,according to the company.
Inditexis a Spanish clothing company.It operates over 6,460 stores in 88 countries globally.The company owns high-end prominent brands such as Zara,Pull&Bear,Massimo Dutti,Bershka,Stradivarius,Oysho and Uterqüe.Currently,Inditex has an online presence in 25 markets,according to the company.
Economic development and trade treaties signed between countries are factors that will drive the global textile and clothing industry.