The global home textile products market size is predicted to reach US$ 145 billion by 2030 anticipated to grow at a growth rate of 5.7% during the forecast period 2021 to 2030.
Home textile products are natural or artificial flexible fabrics designed for home furnishing and decoration. Apart from decorative applications, home textile products can be used across various functions such as carpeting, as window shades, towels, and table & bed coverings. Fabric blending is done in some instances to enhance the durability of home textile products. Usually, these textiles are produced by knitting, weaving, knotting, crocheting, and pressing fiber together.
The global home textile products market would be largely driven by factors such as improving standard of living and rising number of single person households. Moreover, rising investment in the home textile products market by renowned retailers is expected to boost the demand for home textile products in the coming years.
- Environmentally sustainable home textile products over the year have become increasingly attractive as a business strategy. Manufacturers across the supply chain have been seen offering more sustainable and eco-friendly products made of natural fibers, which in principle are more sustainable than synthetic fibers.
- Consumers belonging to the affluent class have promoted refined taste in terms of quality and design, with price being no constraint, whereas mid and economy segment consumers offer huge volumes for reasonably priced products
Drivers, Opportunities, and Restraints
Transforming living standards of the masses coupled with rise in number of people opting for separate living is a driving force of the home textile products market. Moreover, various brands have recognized the potential of home textile products and are investing extensively in promoting and expanding their reach to an increasing audience.
Domestic e-Commerce retailers such as Amazon, Walmart, Ikea, and Snapdeal have grown massively in the past five years and are expanding at about 19% annually. These e-Commerce platforms not only offer a common and easy to access market place, but have introduced their private labels for home textile products. These private labels offer economical curtains, bed linen, table linen, and blankets, which has helped to expand the domestic market worldwide.
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However, the market evolution has been limited by a few factors. The global home textile products market is projected to face significant challenges from the high cost of logistics. Key manufacturers of home textile products are based in emerging countries that have weak logistic chains and infrastructure, which is anticipated to be the foremost factor limiting market growth. Such countries face scarcity of high-quality raw materials that are important to make quality products of international standards. Furthermore, the long product replacement cycle of these products is projected to restrain the growth of the market.
Based on product, bed linen is expected to remain dominant in the global home textile products market. This is due to rapid growth in the residential and commercial sector across the globe. In addition, rise in disposable income of users and increasing spending on improving interior space is likely to enhance the sales of home textile products, especially bed linen. Rapid growth in demand for bathroom linen products such as bath towels, mats, hand towels, bathrobes, etc. is likely to propel the growth of the home textile products market. Continuous growth in demand for window covering, upholstery fabrics, table linen, wall covering, etc. is also one of the major factors driving the growth of the home textile products market across the globe.
In terms of material, the global home textile products market has been classified into natural, synthetic, and blended. The natural segment is estimated to be the most lucrative. This is due to increasing awareness and usage of natural fibers made of plant and animal based sources such as cotton, jute, silk, wool, down, and feathers, thus driving demand for home textile products made of natural material. Natural fiber with its hypo-allergic and breathability property is found to be attractive all over the globe. Synthetic material with its lightweight, durable, ultra-sheering, and long-lasting property is likely to remain attractive among manufacturers of home textile products.
Asia Pacific is the largest market accounting for 45% of the total revenue. Europe was the second largest market in the global home textile industry in 2020. It generates around 26% of the total home textile revenue globally. Strong product innovation among manufacturers with new designs in home textile products are expected to boost the market during the forecast period. In addition, penetration of creative products across the globe, found to be attractive among users, is influencing the overall growth of the home textile products market.
This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and sales by manufacturers during the forecast period of 2017 to 2019.
The analysts have provided a comprehensive analysis of the competitive landscape of the global home textile products market with the company market structure and market share analysis of the top players. The innovative trends and developments, mergers and acquisitions, product portfolio, and new product innovation expected to provide a dashboard view of the market, ultimately providing the readers accurate measure of the current market developments, business strategies, and key financials.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users) and other segments.
- Company Overview
- Company Market Share/Positioning Analysis
- Product Offerings
- Financial Performance
- Recent Initiatives
- Key Strategies Adopted by Players
- Vendor Landscape
- List of Suppliers
- List of Buyers
Some of the key players operating in the home textile products market are Arvind Limited, Beyond Textiles Pvt. Ltd., Dicitex, Evezary Co., Ltd., Franco Manufacturing Company, Inc., GHCL Limited, Grasim, Loftex China, LTD., Luolai Home Textile Products, Mehera Shaw, Trident Group, and Welspun Group.
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Global Home Textile Products Market: Segmentation
Home Textile Products Market, by Product
- Window Coverings
- Roller Blinds
- Venetian Blinds
- Sun filters
- Upholstery Fabric
- Bed Linen
- Bed Sheets
- Bed Spreads
- Pillows & Pillow Covers
- Table Linen
- Table Skirting
- Table Mats
- Bathroom Linen
- Bath Towels
- Bath Mats
- Face Towels
Home Textile Products Market, by Material
Home Textile Products Market, by Distribution Channel
- e-Commerce Websites
- Company Websites
- Specialty Stores
- Retail Stores
Home Textile Products Market, by End Use
- Contract Sectors
Home Textile Products Market, by Woven Fabric Type
- Buckram Fabric
- Casement Fabric
- Georgette Fabric
- Sheeting Fabric
Home Textile Products Market, by Region
- North America
- Asia Pacific
- Middle East & Africa
- South America
This report focuses on home textile products market includes crucial information on market share, market size, and growth rate for the forecast period 2021 to 2030 at the global level, regional level and company level. From a global perspective, this report represents overall home textile products market size by analyzing historical data and future prospect. The study highlights deep analysis on the major drivers of the market, restraints, and challenges to help the business owners, suppliers, and marketing personnel in planning effective strategies for the forecast period. This will help the business and manufacturers to lead the market and gain prominent position in future. The report also presents vital information through graphical representation on factors like table, charts, and statistics. The study includes drivers and restraints of the global home textile products market.
The research not only conducts forecasts in terms of value, but also evaluates the market on the basis of essential parameters, such as Year-on-Year (Y-o-Y) growth. This helps providers to recognize the future opportunities as well predictability of the market.
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In order to understand and assess opportunities in this market, the report is categorically divided into five key sections on the basis of segments. The report analyzes the global market in terms of value (US$ dollers) and volume (Million Units).
The research report includes specific segments by region (country), by company, by all segments. This study provides information about the growth and revenue during the historic and forecasted period of 2017 to 2030. Every segment is further sub-segmented into several sub-segmented that are deeply analyzed by experts to offer valuable information to the buyers and market players. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
This post was originally published on Downey Magazine