Global Home Textile Market - Growth, Trends, and Forecasts (2020 - 2025)

The global home textile market is one of the most profitable business segments in the global textile industry and is expected to grow at a CAGR of 5% during the forecast period. The industry is witnessing a steady growth driven by factors, like rising consumer spending on home renovation and fashion sensitivity toward household furnishing. The United States and Europe are the biggest consumers constituting 60% of the home textiles imports, with countries like India, China, and Pakistan being the key suppliers. Rising focuses on the market by governments and favorable regulatory policies are expected to be one of the major reasons for the market disruption. Such support has met with growth in investments in the market, further strengthen growth. The global home textile market is expected to face considerable challenges from the high cost of logistics. The growing real estate market along with growing consumer spending on a home renovation is also expected to drive market growth.

Key Market Trends

Growing Bed Linen and Bed Spread Segment

Bed linen includes bedspreads, blankets, mattress, mattress cover, pillows, duvets, duvet covers, and bed covers, among others. Bath linen includes bathrobes, bath towels, and bath mats, among others. The segment is anticipated to grow at an increased rate due to the growth of end-use sectors, such as hospitality, housing, growing fashion sensitivity of urban consumers toward home furnishings, increasing demand for digitally printed home textiles, and rapidly mounting fashion trends in home textiles.

Asia Pacific is Witnessing the Highest Growth Rate

The market for home textile in the Asia Pacific is likely to show remarkable growth during the forecast period owing to the increasing export of textile products across the globe. In addition, rapid urbanization, improved standard of living coupled with increasing spending power are some of the key factors anticipated to support the revenue growth of the target market in the region. Furthermore, increasing inclination towards modernizing the interior of the households is resulting in huge demand for home textile products such as bedsheets, pillows & covers, curtains, etc. This is another factor projected to augment the growth of the target market growth in developing countries such as India and China over the forecast period. Key factors driving the robust growth rate of the Asia-Pacific region include surging per capita expenditure, availability of potential consumers in the market, increasing investments by major regional players, improving lifestyles of consumers, etc. are driving the demand of home textile in the market.

Competitive Landscape

The report covers major international players operating in the Global Home Textile Market. In terms of market share, few of the major players currently dominate the market. However, demand is driven by consumer income. Large companies compete through volume purchasing, breadth of products, and effective merchandising and marketing. Small companies focus on a market segment and compete through the depth of products and superior customer service.

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• The market estimate (ME) sheet in Excel format
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