Textile Manufacturing Market in Malaysia to grow by USD 2.35 billion from 2021 to 2026

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24 Aug, 2023, 19:55 ET

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NEW YORK, Aug. 24, 2023 /PRNewswire/ -- The Malaysia textile manufacturing market size is estimated to grow by USD 2.35 billion from 2021 to 2026, according to Technavio. The market is estimated to grow at a CAGR of 4.72% during the forecast period. For more insights- Request a sample report

What's New?

Malaysia Textile Manufacturing Market - Segmentation AssessmentSegment OverviewTechnavio has segmented the market based on Product (natural fibers, polyesters, nylon, and others), and Application (fashion, technical, household, and others).

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Malaysia Textile Manufacturing Market – Market DynamicsKey Driver-

The well-established textile industry in Malaysia drives market growth during the forecast period. One of the main factors which is significantly contributing to the growth of the textile industry in Malaysia is the presence of several textile manufacturing factories in the region. The industrial master plan in Malaysia has enhanced product quality, maintenance of reasonable price levels, and expanded export-oriented marketing. The textile industry in Malaysia is significantly contributing to the growth of the economy. Several prominent textile manufacturers in Malaysia offer consumers various types of textiles at competitive prices. Hence, such factors are positively impacting the market, which, in turn, will drive the market growth during the forecast period.

Significant Trend-

The growing demand for technical textiles in the automotive industry is a primary trend in the market during the forecast period.

Major Challenge-

The health hazard associated with the textile industry is a significant challenge hindering the market growth during the forecast period.

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Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation

7 Customer Landscape

8 Geographic Landscape

9 Drivers, Challenges, and Trends

10 Vendor Landscape

11 Vendor Analysis

12 Appendix

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ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Website: www.technavio.com

SOURCE Technavio