Textile industry got boosted in economies of India,Guest Posting Japan, and China due to high production of silk, wool, and cotton. They became leading manufacturers in the industry. Textile industry emerged from U.K and from there it passed on to Europe and North America. Research reports have analyzed that Asian countries are major contributors in the industry. Even though government restrictions and tariffs are high in textile industry the export rates by developing countries have been consistently increasing.
Textile had been one of the most dynamic industries in the world. Market consolidation has become a growing trend in the industry. One of the trends in textile industry includes producing functional fabrics. Market research reports determined that textiles introducing functional effects in the fabrics will lead global market in future. Special functional effects were introduced in the fabrics by manufacturers like Fabrics with protection from skin allergies, antibacterial and antimicrobial abilities. Manufacturers were producing clothes that do not need ironing, and apparels that keep the body warm. Textile industries are now investing on research and development of eco-friendly fabrics. It is basically done to meet the quality expectations of niche market.
The industry is facing competition as well as opportunities. In research reports it is predicted that Global textile production will grow up to 25 % by the year 2010 and 50 % by 2014. Global Textile market consists of three segments namely Industrial or Technical Textile, Apparel, and Home textile. Several innovations were made in the textile manufacturing that include Fire Resistant textile, Intelligent textiles, Ultra-fine textiles, Electronic textiles, Nano fibers, Abrasion resistant fabrics, Adhesives fabrics, Anti allergic and Anti Bacterial textiles, Anti Magnetic textiles and Anti Radiation fabrics offer protection, Anti-static textile, Multifunctional Textiles, Auxetic textiles, Insulating textiles, Luminescent and reflective textiles, Shape memory polymer, Soluble textiles and so on. All the innovations were made to meet specific needs of industries like automotive, aerospace, defense, fire fighting, engineering, nuclear plants, medicinal, construction, glass manufacturing, mining, science and research, and so on. Market research reports have determined that customization and the web will be more prominent, there will be rapid changes in external factors, no textile and apparels will produce season specific materials,
Consumers taste and preferences, buying behavior has a great impact on the textile industry. Taste and preferences vary from segment to segment. In present scenario consumers are becoming brand conscious and preferring branded cloths with band images and logos. The basic factors considered by consumers while making buying decisions are quality of fabric, color, price, shape, brand, and so on. Changes in fashion world also had impact on women apparel market. Market research has witnessed that apparel businesses are outsourcing inventory and distribution functions so that they can concentrate on design and marketing. Automation in textile machineries gained pace with increased quality expectations from customers and manufacturers. Textile finishing machinery gained more importance with increase in demand of high performance fabrics throughout t