Enjoy complimentary customisation on priority with our Enterprise License!
According to the market research analysts at Technavio, the textile manufacturing market in Turkey is anticipated to witness exponential growth and will post an impressive CAGR of more than 10% during the forecast period. Turkey is a popular destination for tourists from around the world. In 2014, the number of tourists visiting the country increased significantly, inching the country closer to the number five spot among top tourist destinations worldwide. A range of branded textiles and related products are manufactured in the country strengthening the textile industry in turkey. Most of these brands sell seconds and export surplus items in the Turkey textile market that cater to the domestic population as well as tourists. The increase in the inflow of tourists enhances the demand for these textiles in Turkey. A variety of textile including curtains, linen, towels, scarves, shawls, and dresses are popular products bought by the tourists. The ability to dispose surplus goods not only allows manufacturers to adapt to fluctuating orders but also facilitates better resource and inventory management, in turn, impacting the Turkish textile industry positively.
Accorting to the market research report on textile industry, factors such as intensification of competition and rising wages are forcing manufacturers to focus on new designs and high-end customers to remain competitive. Moreover, EU’s free trade agreements with other dominant producers of textiles, such as India and South Korea, have negatively impacted the domestic textile industry in Turkey. Therefore, to capitalize on the fact that manufacturers in Turkey are better suited to serve high-end customers in the European region due to their familiarity with their social and political scenarios, and the proximity of the country to the region, manufacturers have started adopting new marketing and branding strategies to ensure greater visibility in these markets.
In terms of revenue, the manufacture of other textiles segment led the texting manufacturing market in Turkey, accounting for close to 36% of the market shares during 2015. Over the last two decades, the market has been dominated, domestically and internationally, by the demand for finished products such as fabrics, carpets and rugs, and ropes. However, strong demand for cotton fabrics is expected to contribute to the growth of the preparation and spinning of textile fibers, weaving of textiles, and finishing of textiles segments.
The textile manufacturing market in Turkey is highly fragmented and is characterized by the presence of several large-scale, vertically-integrated manufacturing companies. However, the majority of the companies are small and medium-sized non-integrated firms. A major obstacle for turkey textile manufacturers is the lack of political and economic stability. Traditionally, manufacturers in the market focused on European and North American markets for exports. However, the growing competition from countries such as China, India, Bangladesh, and India have forced them to explore new markets in Africa and the ASEAN region.
Key vendors in this market are -
Technavio also offers customization on reports based on specific client requirement.
This is preliminary content. The table of contents is subject to change.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Certified ISO 9001 : 2015
We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.
We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.
Get lifetime access to our
Technavio Insights
Customized Report as per your Business Needs
Let us help you make report more suited to your requirements.
Get the report (PDF) sent to your email within minutes.
