Product Code: ETC023627 | Publication Date: Jul 2023 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Singapore Fabrics Market is projected to witness mixed growth rate patterns during 2025 to 2029. Growth accelerates to 0.01% in 2027, following an initial rate of 0.01%, before easing to 0.00% at the end of the period.
By 2027, the Fabrics market in Singapore is anticipated to reach a growth rate of 0.01%, as part of an increasingly competitive Asia region, where China remains at the forefront, supported by India, Japan, Australia and South Korea, driving innovations and market adoption across sectors.
The Singapore fabrics market is expected to grow at a CAGR of 4.8% over the forecast period (2020-2026). The country???s growth potential in textiles and clothing industry, increasing demand for eco-friendly fabrics, rise in disposable income as well as investment from leading players are some of the major factors driving market growth. Additionally, technological advancements such as digital printing and 3D knitting technology are likely to further fuel the demand for fabrics over the forecast period.
Growth Potentialin Textile and Clothing Industry: Singapore is one of the world`s largest textile exporters with more than 50 percent of exports going to Europe, North America and Asia Pacific countries. Growing population coupled with rising consumer spending on apparel products is anticipated to spur fabric demand in Singapore over the next few years. Moreover, government initiatives such as grants & incentives for setting up production facilities are also likely to contribute significantly towards revenue generation from this sector during 2020???2026.Increasing Demandfor Eco-Friendly Fabrics: Consumers??? preference towards environmental friendly solutions has been growing due to concern regarding pollution levels globally which will result into an increase in adoption of sustainable fabrics including organic cotton or bamboo fibers among others which will drive market growth through 2026.
High initial set up cost required due high capital expenditure associated with production processes along with stringent regulations related health & safety issues by local governing bodies can impede market growth during 2020???2026.Fluctuations in raw material prices like cotton & synthetic fibers may hinder overall profitability margins resulting into decrease revenues generated by manufacturers operating within this industry space throughout 2020???2027.
Major companies operating within global fabric markets include China National Textile Corporation (CNTC), Indorama Ventures PCL., Reliance Industries Ltd., Aditya Birla Group, Lenzing AG, Huvis Corporation.
Due to various lockdowns that have been implemented across countries owing pandemic situation since Q1 ???2020, business operations across industries have come standstill resulting into significant slowdown economic activities around globe including Singapore affecting sales related metrics negatively impacting global fabric markets severely by lowering revenues generated worldwide through 2021.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Singapore Fabrics Market Overview |
3.1 Singapore Country Macro Economic Indicators |
3.2 Singapore Fabrics Market Revenues & Volume, 2020 & 2030F |
3.3 Singapore Fabrics Market - Industry Life Cycle |
3.4 Singapore Fabrics Market - Porter's Five Forces |
3.5 Singapore Fabrics Market Revenues & Volume Share, By Types, 2020 & 2030F |
3.6 Singapore Fabrics Market Revenues & Volume Share, By Distribution Channel, 2020 & 2030F |
4 Singapore Fabrics Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Singapore Fabrics Market Trends |
6 Singapore Fabrics Market, By Types |
6.1 Singapore Fabrics Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 Singapore Fabrics Market Revenues & Volume, By Types, 2020-2030F |
6.1.3 Singapore Fabrics Market Revenues & Volume, By Manmade And Special Fiber Fabrics, 2020-2030F |
6.1.4 Singapore Fabrics Market Revenues & Volume, By Knitted Fabrics, 2020-2030F |
6.1.5 Singapore Fabrics Market Revenues & Volume, By Cotton, 2020-2030F |
6.1.6 Singapore Fabrics Market Revenues & Volume, By Non-Cotton, 2020-2030F |
6.2 Singapore Fabrics Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Singapore Fabrics Market Revenues & Volume, By Direct, 2020-2030F |
6.2.3 Singapore Fabrics Market Revenues & Volume, By Indirect, 2020-2030F |
6.2.4 Singapore Fabrics Market Revenues & Volume, By Hypermarket/Supermarket, 2020-2030F |
6.2.5 Singapore Fabrics Market Revenues & Volume, By Specialty Stores, 2020-2030F |
6.2.6 Singapore Fabrics Market Revenues & Volume, By Online Store, 2020-2030F |
7 Singapore Fabrics Market Import-Export Trade Statistics |
7.1 Singapore Fabrics Market Export to Major Countries |
7.2 Singapore Fabrics Market Imports from Major Countries |
8 Singapore Fabrics Market Key Performance Indicators |
9 Singapore Fabrics Market - Opportunity Assessment |
9.1 Singapore Fabrics Market Opportunity Assessment, By Types, 2020 & 2030F |
9.2 Singapore Fabrics Market Opportunity Assessment, By Distribution Channel, 2020 & 2030F |
10 Singapore Fabrics Market - Competitive Landscape |
10.1 Singapore Fabrics Market Revenue Share, By Companies, 2023 |
10.2 Singapore Fabrics Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |