Global Home Textile Market Insights Forecasts to 2033.

• The Global Home Textile Market Size was Valued at USD 121.8 Billion in 2023
• The Market Size is Growing at a CAGR of 5.9% from 2023 to 2033
• The Worldwide Home Textile Market Size is Expected to Reach USD 216.3 Billion by 2033
• Europe Market is expected to grow the fastest during the forecast period.

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The Global Home Textile Market Size is Anticipated to Exceed USD 216.3 Billion by 2033, Growing at a CAGR of 5.9% from 2023 to 2033.  

 

Market Overview

A subset of textiles used for home furnishings is recognized as home textiles. It includes clothing and textiles for the interior. They are occasionally utilized for ornamental purposes rather than utilitarian ones. Natural or artificial materials can be used to make home textiles. Nevertheless, high-quality home textile products in more vital. Furthermore, to influence an extensive audience, the manufacturers of these products have been regularly experimenting with new strategies, styles, materials, patterns, and uses. Spending on home décor and interior design has increased as a result of the real estate sector’s development and rising living standards, which will make it a key factor in the global home textile market growth going forward. In addition, consumers have constantly had high expectations for home textile products that outfit modern furniture, lights, and room colors while also blending well with the walls and house color to improve the overall appearance of the space. Furthermore, for a similar motive, most manufacturers have become well-known: they offer entire collections of opulent and stylish home textile products. Moreover, the most common categories of home textiles are carpets, curtains, drapes, upholstery fabrics (such as pillows and furniture slipcovers), towels (such as face, bath, and hand towels), and linens for tables (such as placemats, napkins, and tablecloths). More popular types of textiles for homes are quilts, throws, and wall hangings.

 

Report Coverage

This research report categorizes the market for the global home textile market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global home textile market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global home textile market.

 

Driving Factors

The growing demand for bed linens and spreads will most likely drive market growth. Among other things, bed linens include blankets, bedspreads, pillows, duvets, mattresses, and covers. A few varieties of bath linen are robes, bath mats, and towels. The demand for bed linens and bedspreads is increasing, propelling the global home textile market expansion, as a result of urban consumers' increased fashion awareness towards home furnishings and the growth of end-use sectors like housing and hospitality. Customer demand for personalized style in their interior design has also led to an increase in the purchase of home textiles that reflect their interests and tastes. As a result, there is an increasing need for fashionable and eye-catching textiles for homes. In addition to being functional, customers are looking for textiles that improve the overall aesthetics of their living environments. Furthermore, in terms of prices, patterns, and designs, there is a large and varied market for home textiles and decorating supplies. Wealthy consumers have sophisticated global tastes in terms of quality and style, regardless of price, whereas those in the mid-and economy segments choose vast quantities of goods at reasonable rates. With the increasing popularity of home textile items on e-commerce platforms, the global home textiles market is anticipated to rise at a significant rate. In the highly competitive industry, this component also provides a worldwide platform for the expansion of numerous producers.

 

Restraining Factors

There are several different kinds of home textiles available, however, the enlarged brand competition might reduce consumer demand. Even nevertheless, home textiles are presently seen as luxury products, and not every customer can purchase them. The ongoing variations in the cost of raw materials affect the product’s eventual cost as well. Furthermore, the logistics and supply chain elements raise the ultimate cost, which alters customer behavior. Consequently, it is seen that the greater price of textiles is hindering the global home textile market expansion.

 

Market Segmentation

The Global Home Textile Market share is classified into product, material, and distribution channel.

• The bedroom linen segment is expected to hold the largest share of the global home textile market during the forecast period.   

Based on the product, the global home textile market is divided into bedroom linen, bathroom linen, carpets and floor coverings, kitchen linen, curtains, and drapes. Among these, the bedroom linen segment is expected to hold the largest share of the global home textile market during the forecast period. The segment's expansion is ascribed to the consumer's rising and fluctuating living standards. For a better experience, soft and cozy materials are employed in the bedroom linen. The bedding linen is made of polyester, acrylic, wool, or a combination of these materials. The combination with a nylon foundation is frequently used in bedroom linens. It is possible to choose lightweight fabric in a variety of colors and patterns for bedroom linens.

 

• The polyester segment is expected to grow at the fastest pace in the global home textile market during the forecast period.    

Based on the material, the global home textile market is divided into polyester, cotton, and silk. Among these, the polyester segment is expected to grow at the fastest pace in the global home textile market during the forecast period. This is because of its strength and longevity, this cloth is frequently used for upholstery, bedding, and curtains. It can be machine-washed and dried, making it reasonably easy to maintain. It is also resistant to shrinkage and wrinkling. Furthermore, polyester is a better option for allergy sufferers because, in contrast to certain natural fibers, it is more likely to contain allergens like dust mites.

 

• The offline segment is expected to grow at the greatest pace in the global home textile market during the forecast period.

Based on the distribution channel, the global home textile market is divided into online, and offline. Among these, the offline segment is expected to grow at the greatest pace in the global home textile market during the forecast period. This is expected to be fueled by things like growing urbanization and the growth of supermarkets and hypermarkets, which allow businesses to serve a wider range of customers. The inclination of major manufacturers in the market to sell their products through offline channels also adds to the growth of the offline segment in the market.

 

Regional Segment Analysis of the Global Home Textile Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

Asia Pacific is anticipated to hold the largest share of the global home textile market over the predicted timeframe.

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Asia Pacific is anticipated to hold the largest share of the global home textile market over the predicted timeframe. This region’s home textile industry is enormously competitive because of the existence of manufacturers with widespread geographic reach, well-known brands, and extensive distribution schemes. It is expected that market participants would prioritize product innovation more as research and development spending rises. Among the most actual methods for gaining a competitive edge are product growth according to application area, pricing competitiveness, and capable distribution networks. Given that businesses are using this approach to extend their geographic influence, it is anticipated that the number of mergers and acquisitions will increase over time. Furthermore, incorporating fresh technologies, products, and client bases into the firm is quickest when done through this inorganic technique.

 

Europe is expected to grow at the fastest pace in the global home textile market during the forecast period. European residence consumers frequently place a premium on aesthetics and quality. The market for beautiful and high-quality home textiles might be driven by this choice. Moreover, consumers in Europe might be more likely to spend money on textiles and other home décor and remodeling items if their disposable income increases. The market for home textiles may see changes in consumer preferences due to the increased focus and knowledge of eco-friendly and sustainable products. The market may develop if European customers demonstrate a significant desire for sustainable fabrics.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global Home Textile along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

• Hunan Mendale Hometextile Company Ltd.
• Springs Global
• Ralph Lauren Corporation
• Shanghai Hometex, Honsun
• Shenzhen Fuanna
• Trident Group
• Marvic Textiles
• New Sega Home Textiles
• Welspun Group
• LLC Honsun Home Textile
• Others

 

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

 

Recent Developments

• In January 2023, The Indian home textile company BKS Textiles revealed intentions to introduce "Ekoscious," a line of eco-friendly bedding made of recycled polyester, cotton, hemp, linen, bamboo, and Tencel.

 

• In December 2022, Italian-based textile company Arte Tessile Snc was acquired by Gruppo Piacenza SpA. a company that specialized in raschel and jacquard textile oatternmacking. These fabrics are frequently used to make tablecloths, net curtains, and outerwear.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Global Home Textile Market based on the below-mentioned segments: 

 

Global Home Textile Market, By Product

• Bedroom Linen
• Bathroom Linen
• Carpets and Floor Coverings
• Kitchen Linen
• Curtains and Drapes

 

Global Home Textile Market, By Material

• Polyester
• Cotton
• Silk

 

Global Home Textile Market, By Distribution Channel

• Online
• Offline

 

Global Home Textile Market, By Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa