Supply Chain Management SCM in Textile Industry Market
Supply Chain Management (SCM) in Textile Industry Market Size By Application (Apparel & Clothing, Industrial Application), By Solution Type (Production Scheduling, Capacity Planning), By Organization Size (Large enterprises and SMEs), By Geographic Scope And Forecast
Published Date: July - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Supply Chain Management (SCM) in Textile Industry Market Size And Forecast
Supply Chain Management Scm In Textile Industry Market size was valued at USD 2.09 Billion in 2024 and is projected to reach USD 4.83 Billion by 2031, growing at a CAGR of 9.71% during the forecast period 2024-2031.
The fashion industry is booming in the world, thereby creating the demand for better SCM in textiles. The Global Supply Chain Management (SCM) in Textile Industry Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Supply Chain Management (SCM) in Textile Industry Market Definition
These days, a good supply chain can make or break an apparel brand. That's why top executives are laser-focused on building a rock-solid supply chain management system. Think of it as carefully moving resources – whether it's materials, products, or even information – from one player to another, or from one place to another. It’s all about getting the right stuff, in the right amount, at the right time, and at the lowest possible cost. The textile industry is a global network, connecting tons of companies and crossing borders. It’s not just about clothes anymore; it’s become essential, like the air we breathe. You'll find textiles in everything from clothing and car parts to medical devices and aerospace materials. And because these products are sold everywhere, demand can be all over the place, with big seasonal ups and downs. To stay ahead, businesses need smart capacity planning, production schedules, process control, and inventory management. To solve this, brands require an integrated system that brings everything together – balancing stocks, managing inventory, planning production, and scheduling distribution. That’s why having a well-oiled supply chain management system is absolutely critical for any textile business that wants to thrive.
What's inside a industry report?
Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.
Global Supply Chain Management (SCM) in Textile Industry Market Overview
Think of supply chain management as the secret sauce for running a successful business, from planning to actually making things happen. It's a big deal across many industries, and manufacturers really need to keep a close eye on it. Why? To keep just the right amount of stuff in stock, clear out any logjams, and avoid either having too much or not enough – all while getting the best raw materials and boosting profits. Basically, the supply chain is all about how goods move and change on their journey to sustainable business. Now, when you look at the textile industry, good supply chain management is like having a superpower. It helps them track everything, from inventory to orders and how it all gets distributed. And with the apparel industry booming like never before, textile manufacturers are under huge pressure to make sure their supply chains are running like well-oiled machines.
Fashion's blowing up worldwide, which means we really need to get our act together when it comes to managing the textile supply chain. Textile companies are hustling to sell their stuff directly on their own websites or through various channels to reach more customers everywhere. Now, while supply chain management has tons of perks, let's be realsetting it up can be crazy expensive. That's why everyone's talking about bringing in artificial intelligence (AI) and automation. Think about itautomation can take care of those boring, repetitive jobs, while Artificial Intelligence (AI) – you know, computers that learn and think like us – can tackle the tougher stuff. In today's fast-paced business world, being quick and precise is key. Both artificial intelligence and automation are super helpful to make your supply chain faster and to keep you ahead of the game in the textile biz.
The textile industry's supply chain management (SCM) is really taking off, mostly because costs are going up and supply chain managers are super focused on making transportation as efficient as possible. Figuring out the best way to ship everything from tiny packages to huge bulk orders lets companies get stuff to customers faster and cheaper. This isn't just about boosting profits; companies can also share those savings with customers, making them happier! We've seen a big jump in textile demand lately, and e-commerce has been a huge driver for growth in the textile and apparel business. With the fashion world booming, there's a real need for better SCM in the textile sector.
Global Supply Chain Management (SCM) in Textile Industry MarketSegmentation Analysis
The Global Supply Chain Management (SCM) in Textile Industry Market is segmented on the basis of Application, Solution Type, Organization Size, and Geography.
Supply Chain Management (SCM) in Textile Industry Market, By Application
• Apparel & Clothing• Industrial Application• Medical Application• Household Application
To Get Summarized Market Report By Application-
When we look at Application, the market breaks down into areas like Apparel & Clothing, Industrial Application, Medical Application, and good old Household Application. Turns out, Apparel & Clothing was the big winner in 2021, grabbing the biggest piece of the pie, and it's expected to keep growing. Medical Application wasn't far behind, coming in second. So, what's driving all this? Well, everyone wants more cool clothes! This demand is pushing the textile industry to get smarter about how they manage their supply chains worldwide. And what falls under "apparel"? Basically, anything you wear! We're talking clothes for babies, kids, ladies, and gents, plus outerwear, the latest styles, and even clothes that do cool stuff. Think pants, shirts, jackets, you name it – all the basics. And let's be honest, the fashion world is really calling the shots when it comes to the apparel industry.
Supply Chain Management (SCM) in Textile Industry Market, By Solution Type
• Production Scheduling• Capacity Planning• Inventory Management• Process Control• Distribution Scheduling• Others
When we look at Supply Chain Management (SCM) in the textile industry based on Solution Type, we see categories like Production Scheduling, Capacity Planning, Inventory Management, Process Control, Distribution Scheduling, and even "Others." Back in 2021, Production Scheduling was the big winner, and it's expected to keep growing. Capacity Planning wasn't far behind, holding the second-largest spot that year. But get thisInventory Management is predicted to explode with a CAGR of 11.20%! Now, what's the deal with production scheduling? Well, it's all about deciding who does what and when. Think of it as figuring out what needs doing and how much. It's about getting the right resources—people, materials, machines—to the right customers. And like production scheduling, capacity planning is an important step in making sure everything runs smoothly. Both production planning and scheduling are necessary steps in the process
Supply Chain Management (SCM) in Textile Industry Market, By Organization Size
• Large enterprises• SMEs
When we look at the size of the textile company, we can break down the Supply Chain Management (SCM) market into Large enterprises and SMEs. In 2021, the big guys, the Large enterprises, held the biggest piece of the pie, and they're expected to keep growing. The SMEs were the next biggest market segment that year. A big reason for this growth in the global SCM market for textiles is the increasing need for supply chain management software within these Large enterprises. What exactly is a "Large Enterprise"? Basically, it's any manufacturing company that's not a Micro, Small, or Medium Enterprise. This segment is growing because they need reliable ways to keep an eye on things and automate resource allocation and strategic decisions. Plus, the market's getting a boost from the fact that larger companies are increasingly demanding software that can pull in important business data from all over, like inventory, sales predictions, and supplier details.
Supply Chain Management (SCM) in Textile Industry Market, By Geography
• North America• Europe• Asia Pacific• Middle East and Africa• Latin America
To Get Summarized Market Report By Geography-
Looking at different regions, the Global Supply Chain Management (SCM) in Textile Industry Market is split into North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. Asia Pacific held the biggest chunk of the market in 2021 and is expected to keep growing fast, around 9.83% each year. Europe came in second place that year. What's really fueling growth in Asia Pacific? It's mainly the massive investments by both the government and private companies in things like roads and ports, especially in India and Indonesia. They're trying to make it easier to move goods around and improve infrastructure, which should really boost the demand for SCM in that part of the world.
We're seeing some big shifts driving growth, like how people are buying things differently, a growing population, more money in people's pockets, and a bigger desire for clothing and home goods especially in Asia-Pacific. Places like Vietnam have really taken off as textile exporters – you know, they were selling a ton of garments and fabrics in 2020. They've also moved away from being so reliant on farming, with manufacturing becoming a real cornerstone of their economy. Over in Europe, things are changing fast too, with new tech, social changes, production costs, and more open trade, plus new competition popping up from Asia and the Mediterranean that are all shaking things up. Textile companies are feeling the pressure, with more competition and costs going up. So, it looks like having really efficient supply chains is super important for retailers who want to stay afloat in this crazy market.
Key Players
The “Global Supply Chain Management (SCM) in Textile Industry Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Accenture, Oracle Corporation, SAP SE, Blue Yonder Group, Manhattan Associates, BSL Ltd., enVista., Scoutbee, Altana AI, Keelvar, Anvyl, Mercado, among others.The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
• Accenture has announced its acquisition of Blue Horseshoe, a US-based supply chain management software provider and consultancy firm.
• TIE Kinetix Expands Work with Oracle Supply Chain Management Users.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2021-2031
BASE YEAR
2024
FORECAST PERIOD
2024-2031
HISTORICAL PERIOD
2021-2023
UNIT
Value (USD Billion)
KEY COMPANIES PROFILED
Accenture, Oracle Corporation, SAP SE, Blue Yonder Group, Manhattan Associates, BSL Ltd., enVista., Scoutbee, Altana AI, Keelvar, Anvyl, Mercado, among others.
SEGMENTS COVERED
Application, Solution Type, Organization Size, and Geography.
CUSTOMIZATION SCOPE
Free report customization (equivalent to up to 4 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope.
To Get Customized Report Scope-
Supply Chain Management (SCM) in Textile Industry Market Infographic
For a single, multi and corporate client license, the report will be available in PDF format.
Sample report would be given you in excel format. For more questions please contact:
Sample Report for Supply Chain Management (SCM) in Textile Industry Market Size By Application (Apparel & Clothing, Industrial Application), By Solution Type (Production Scheduling, Capacity Planning), By Organization Size (Large enterprises and SMEs), By Geographic Scope And Forecast