GCC TEXTILE INDUSTRY

Market Overview:

               During the projection period, the GCC textile industry is anticipated to grow at a rate of more than 4%. (2022-2027) Despite not being promoted or publicised, the United Arab Emirates (UAE) boasts a sizable textile sector in the GCC. It produces goods for local consumption such child safety seats, drapes, luggage, and some high-end clothing. However, woven products like knitwear are its best-selling textiles. Textiles are now the second-largest industry in terms of employment and income in the nation after oil. The UAE has a sizable domestic client base in addition to exporting to more than 50 nations.

The home textile business in Saudi Arabia is anticipated to be driven by changes in end-user categories, like residential and commercial (hospitality), as well as growing awareness of shifting preferences in domestic interior décor. The demand for household textiles such bedding, bed sheets, towels, blankets, and covers is rising as a result of urbanization's rapid pace and improvements in living standards.

Key Market Trends:

          The UAE government's policies to assist infrastructural development, tax breaks, and open government records have helped the textile industry flourish. Dubai has been designated as a fashion hotspot for 2020, which is the most recent advancement in the fashion frontier. The recently established Dubai Design & Fashion Council is a governmental organisation created to foster the growth and recognition of designers operating in the MENA and UAE while fostering the development of a sustainable design industry in Dubai. UAE has been a significant hub for the garment and textile industries thanks to the country's continuously rising market for luxury clothing. The nation has developed into a significant textile centre in the globe, producing textiles for homes, clothing, technical textiles, outerwear, and other items.

Technology is extremely important in the lives of young customers. The Arab Gen Y demographic wants luxury companies to be online and easily accessible, whether on Facebook or Instagram. Due mostly to accessibility, more than 30% of consumers in the GCC region shop online every month. The GCC is seen as having a good foundation to adapt to the growth of online shopping because millennials are driving the region's connectivity and mobile phone usage. A poll found that since the outbreak, 89% of customers in the United Arab Emirates and 91% of customers in the Middle East and North Africa had switched to online shopping and want to keep doing so.

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