Textile & Design
The textile sector plays a key role in the economy as it is one of the largest globalized markets in the world, estimated at $220 billion. The industry is expected to grow to nearly $370 billion by 2032.
India is the leader in the textile industry, but the sector has also experienced unexpected growth in China thanks to an increase in consumption by the middle class. Attention paid to quality by Italy and Europe has cushioned the impact of Asian competition.
Rapid changes have been pushing the textile industry to evolve in the field of automation with a growth of $346.92 million between the years of 2020-2024. The most automated countries are South Korea, Singapore, and Japan. The slowest area in the field of automation is Europe.