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.
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.
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.
|Market Size||US$ 145 billion by 2030|
|Growth Rate||CAGR of 5.7% From 2021 to 2030|
|Segments Covered||Product, Material, Distribution Channel, End-users, Region|
|Companies Mentioned||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|
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.
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.
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.
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.
Major Key Points Covered in Report:
Executive Summary: It includes key trends of the home textile products market related to products, applications, and other crucial factors. It also provides analysis of the competitive landscape and CAGR and market size of the home textile products market based on production and revenue.
Production and Consumption by Region: It covers all regional markets to which the research study relates. Prices and key players in addition to production and consumption in each regional market are discussed.
Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the Home textile products market.
Market Segments: This part of the report discusses about product, application and other segments of the home textile products market based on market share, CAGR, market size, and various other factors.
Research Methodology: This section discusses about the research methodology and approach used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.
The research report includes a detailed study of regions of North America, Europe, China, Japan and Rest of the World. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2017 to 2030. These analyses will help the reader to understand the potential worth of investment in a particular region.
The report provides in-depth segment analysis of the global home textile products market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries, which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the home textile products market.
The report includes country-wise and region-wise market size for the period 2017-2030. It also includes market size and forecast by segments in terms of production capacity, price and revenue for the period 2017-2030.
In this study, the years considered to estimate the market size of home textile products are as follows:
The research methodology adopted by analysts for compiling the global home textile products market report is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts for the global market.
During the primary research phase, analysts interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global market.
For secondary research, analysts scrutinized numerous annual report publications, white papers, market association publications, and company websites to obtain the necessary understanding of the global home textile products market.
The study objectives of this report are: