This report describes and explains the home textile market and covers 2018-2023, termed the historic period, and 2023-2028, 2033F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global home textile market reached a value of nearly $133.56 billion in 2023, having grown at a compound annual growth rate (CAGR) of 2.8% since 2018. The market is expected to grow from $133.56 billion in 2023 to $169.44 billion in 2028 at a rate of 4.9%. The market is then expected to grow at a CAGR of 5.4% from 2028 and reach $220.3 billion in 2033.
Growth in the historic period resulted from the increased disposable income, rise in residential and commercial construction activities, increase in renovation of existing homes, expansion of the hospitality industry and favorable government initiatives. Factors that negatively affected growth in the historic period include high competition among manufacturers and retailers and competition from inexpensive imported textiles.
Going forward, the expansion of the e-commerce industry, increasing urbanization, growing awareness about home aesthetics and increasing demand for eco-friendly home furnishing will drive the market. Factors that could hinder the growth of the home textile market in the future include economic uncertainties or downturns.
The home textile market is segmented by product into bedroom linen, bathroom linen, kitchen linen, carpets and floors coverings and other products. The bedroom linen market was the largest segment of the home textile market segmented by product, accounting for 49% or $65.4 billion of the total in 2023. Going forward, the other products segment is expected to be the fastest growing segment in the home textile market segmented by product, at a CAGR of 6.1% during 2023-2028.
The home textile market is segmented by material into polyester, cotton, silk, wool and other materials. The polyester market was the largest segment of the home textile market segmented by material, accounting for 45.7% or $61.03 billion of the total in 2023. Going forward, the cotton segment is expected to be the fastest growing segment in the home textile market segmented by material, at a CAGR of 6% during 2023-2028.
The home textile market is segmented by distribution channel into offline and online. The offline market was the largest segment of the home textile market segmented by distribution channel, accounting for 70.2% or $93.77 billion of the total in 2023. Going forward, the online segment is expected to be the fastest growing segment in the home textile market segmented by distribution channel, at a CAGR of 5.9% during 2023-2028.
The home textile market is segmented by end-user into residential and commercial. The residential market was the largest segment of the home textile market segmented by end-user, accounting for 76.9% or $102.65 billion of the total in 2023. Going forward, the commercial segment is expected to be the fastest growing segment in the home textile market segmented by end-user, at a CAGR of 5.2% during 2023-2028.
Asia-Pacific was the largest region in the home textile market, accounting for 44.8% or $59.89 billion of the total in 2023. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the home textile market will be Asia-Pacific and Africa, where growth will be at CAGRs of 5.9% and 5.7% respectively. These will be followed by the Middle East and South America, where the markets are expected to grow at CAGRs of 5.4% and 4.9% respectively.
The global home textile market is fairly concentrated, with large players operating in the market. The top ten competitors in the market made up to 31.25% of the total market in 2023. The Home Depot Inc. was the largest competitor with a 5.65% share of the market, followed by Lowe's Companies Inc. with 5.05%, Target Corporation with 4.83%, TJX Companies Inc. with 2.62%, Macy's Inc. with 2.56%, Mohawk Industries Inc. with 2.50%, Williams-Sonoma Inc. with 2.44%, IKEA Group with 2.24%, Ralph Lauren Corporation with 2.09% and Welspun India Ltd. with 1.29%.
The top opportunities in the home textile market segmented by product will arise in the bedroom linen segment, which will gain $17.36 billion of global annual sales by 2028. The top opportunities in the home textile market segmented by material will arise in the polyester segment, which will gain $13.4 billion of global annual sales by 2028. The top opportunities in the home textile market segmented by end-user will arise in the residential segment, which will gain $26.87 billion of global annual sales by 2028. The top opportunities in the home textile market segmented by distribution channel will arise in the offline segment, which will gain $22.61 billion of global annual sales by 2028. The home textile market size will gain the most in China at $9.03 billion.
Market-trend-based strategies for the home textile market include focus on leveraging advanced technologies for innovative solutions, creativity and customization to foster connections through fabric, expansion of home textile offerings to elevate home décor landscape and focus on launch of sustainable and traceable home textile products.
Player-adopted strategies in the home textile market include focus on launching exclusive, themed product lines that cater to niche markets and enhance online presence and launching targeted private label brands to attract specific consumer demographics.
To take advantage of the opportunities, the analyst recommends the home textile companies to focus on innovation in cotton bedding, focus on innovative and customizable designs, focus on expanding product offerings, focus on developing sustainable home textiles, focus on cotton segment for growth, expand in emerging markets, continue to focus on developed markets, focus on competitive pricing strategies, focus on digital marketing channels, participate in trade shows and events, continue to use B2B promotions and focus on commercial end-users.
The global home textile market reached a value of nearly $133.56 billion in 2023, having grown at a compound annual growth rate (CAGR) of 2.8% since 2018. The market is expected to grow from $133.56 billion in 2023 to $169.44 billion in 2028 at a rate of 4.9%. The market is then expected to grow at a CAGR of 5.4% from 2028 and reach $220.3 billion in 2033.
Growth in the historic period resulted from the increased disposable income, rise in residential and commercial construction activities, increase in renovation of existing homes, expansion of the hospitality industry and favorable government initiatives. Factors that negatively affected growth in the historic period include high competition among manufacturers and retailers and competition from inexpensive imported textiles.
Going forward, the expansion of the e-commerce industry, increasing urbanization, growing awareness about home aesthetics and increasing demand for eco-friendly home furnishing will drive the market. Factors that could hinder the growth of the home textile market in the future include economic uncertainties or downturns.
The home textile market is segmented by product into bedroom linen, bathroom linen, kitchen linen, carpets and floors coverings and other products. The bedroom linen market was the largest segment of the home textile market segmented by product, accounting for 49% or $65.4 billion of the total in 2023. Going forward, the other products segment is expected to be the fastest growing segment in the home textile market segmented by product, at a CAGR of 6.1% during 2023-2028.
The home textile market is segmented by material into polyester, cotton, silk, wool and other materials. The polyester market was the largest segment of the home textile market segmented by material, accounting for 45.7% or $61.03 billion of the total in 2023. Going forward, the cotton segment is expected to be the fastest growing segment in the home textile market segmented by material, at a CAGR of 6% during 2023-2028.
The home textile market is segmented by distribution channel into offline and online. The offline market was the largest segment of the home textile market segmented by distribution channel, accounting for 70.2% or $93.77 billion of the total in 2023. Going forward, the online segment is expected to be the fastest growing segment in the home textile market segmented by distribution channel, at a CAGR of 5.9% during 2023-2028.
The home textile market is segmented by end-user into residential and commercial. The residential market was the largest segment of the home textile market segmented by end-user, accounting for 76.9% or $102.65 billion of the total in 2023. Going forward, the commercial segment is expected to be the fastest growing segment in the home textile market segmented by end-user, at a CAGR of 5.2% during 2023-2028.
Asia-Pacific was the largest region in the home textile market, accounting for 44.8% or $59.89 billion of the total in 2023. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the home textile market will be Asia-Pacific and Africa, where growth will be at CAGRs of 5.9% and 5.7% respectively. These will be followed by the Middle East and South America, where the markets are expected to grow at CAGRs of 5.4% and 4.9% respectively.
The global home textile market is fairly concentrated, with large players operating in the market. The top ten competitors in the market made up to 31.25% of the total market in 2023. The Home Depot Inc. was the largest competitor with a 5.65% share of the market, followed by Lowe's Companies Inc. with 5.05%, Target Corporation with 4.83%, TJX Companies Inc. with 2.62%, Macy's Inc. with 2.56%, Mohawk Industries Inc. with 2.50%, Williams-Sonoma Inc. with 2.44%, IKEA Group with 2.24%, Ralph Lauren Corporation with 2.09% and Welspun India Ltd. with 1.29%.
The top opportunities in the home textile market segmented by product will arise in the bedroom linen segment, which will gain $17.36 billion of global annual sales by 2028. The top opportunities in the home textile market segmented by material will arise in the polyester segment, which will gain $13.4 billion of global annual sales by 2028. The top opportunities in the home textile market segmented by end-user will arise in the residential segment, which will gain $26.87 billion of global annual sales by 2028. The top opportunities in the home textile market segmented by distribution channel will arise in the offline segment, which will gain $22.61 billion of global annual sales by 2028. The home textile market size will gain the most in China at $9.03 billion.
Market-trend-based strategies for the home textile market include focus on leveraging advanced technologies for innovative solutions, creativity and customization to foster connections through fabric, expansion of home textile offerings to elevate home décor landscape and focus on launch of sustainable and traceable home textile products.
Player-adopted strategies in the home textile market include focus on launching exclusive, themed product lines that cater to niche markets and enhance online presence and launching targeted private label brands to attract specific consumer demographics.
To take advantage of the opportunities, the analyst recommends the home textile companies to focus on innovation in cotton bedding, focus on innovative and customizable designs, focus on expanding product offerings, focus on developing sustainable home textiles, focus on cotton segment for growth, expand in emerging markets, continue to focus on developed markets, focus on competitive pricing strategies, focus on digital marketing channels, participate in trade shows and events, continue to use B2B promotions and focus on commercial end-users.
Table of Contents
1 Executive Summary
6 Market Characteristics
7 Major Market Trends
8 Home Textile Market - Macro-Economic Scenario
9 Global Market Size and Growth
10 Global Home Textile Market Segmentation
11 Home Textile Market, Regional and Country Analysis
12 Asia-Pacific Market
13 Western Europe Market
14 Eastern Europe Market
15 North America Market
16 South America Market
17 Middle East Market
18 Africa Market
19 Competitive Landscape and Company Profiles
20 Other Major and Innovative Companies
23 Key Mergers and Acquisitions
24 Opportunities and Strategies
25 Home Textile Market, Conclusions and Recommendations
26 Appendix
Executive Summary
Home Textile Global Market Opportunities And Strategies To 2033 provides the strategists; marketers and senior management with the critical information they need to assess the global home textile market as it emerges from the COVID-19 shut down.Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
Description
Where is the largest and fastest-growing market for home textile? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The home textile market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider home textile market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by product, by material, by distribution channel and by end-user.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario- The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the home textile market.
- Global Market Size And Growth- Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis- Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by product, by material, by distribution channel and by end-user in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major And Innovative Companies Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for home textile providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
1) By Product: Bedroom Linen; Bathroom Linen; Kitchen Linen; Carpets And Floors Coverings; Other Products2) By Material; Polyester; Cotton; Silk; Wool; Other Materials
3) Distribution Channel; Offline; Online
4) By End User: Residential; Commercial
Key Companies Mentioned: The Home Depot Inc.; Lowe's Companies Inc.; Target Corporation; TJX Companies Inc.; Macy's Inc.
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; Italy; Spain; UK; Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; home textile indicators comparison.
Data Segmentation: Country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- The Home Depot Inc.
- Lowe's Companies Inc.
- Target Corporation
- TJX Companies Inc.
- Macy's Inc.
- Mohawk Industries Inc.
- Williams-Sonoma Inc.
- IKEA Group
- Ralph Lauren Corporation
- Welspun India Ltd.
- Beyond Home Textile
- Jiangsu Bermo Home Textile Technology Co., Ltd.
- Violet Home Textile Co., Ltd.
- Shanghai Shuixing Home Textile Co., Ltd.
- Luolai Home Textile Co., Ltd.
- Hebei Ruichun Textile Co., Ltd.
- Sunvim Group Co., Ltd.
- Fu Anna
- Honsun Home Textile Co., Ltd.
- Intertextile Shanghai
- Wooden Street
- GHCL Textiles Ltd.
- Indo Count Industries Ltd.
- Toyoshima and Co
- Garnier-Thiebaut
- Toiles de Mayenne
- Curt Bauer GmbH
- Dierig Holding AG
- Frette
- Gabel Group
- Reig Marti
- Mantas Mora
- Christy
- Sanderson
- Brun de Vian-Tiran
- Descamps
- Zara Home
- Blanc des Vosges
- VEBA
- textilní závody a.s.
- Matějovský a.s.
- Möbelix
- Andropol S.A.
- Wendre
- Minet S.A.
- Cottontex S.A.
- Shuisky Textile
- Togas House of Textiles
- Milliken
- WestPoint Home
- Shaw Industries
- Jim Thompson Fabrics
- Etro Home Collection
- Standard Textile
- Cotton Incorporated
- Karsten S.A.
- Jolitex Ternille
- Springs Global
- TEKA
- Turko Textile
- PAN Emirates Home Furnishings
- Al Huzaifa Furniture
- Raya Home Textile
- Kare Design
- Liontex
- Startex Textile Co.
- Mediterranean Textile Company (MTC)
- Oriental Weavers
- Nile Linen Group
- Lotus Garments Group
- Sheraton Textiles Holdings Ltd.
- Mouka Foam
- DOLIDOL
- Stuart Graham Fabrics
- Romatex Home Textiles
- Nettex Fabrics
- The Foschini Group (TFG)
- The Misr Spinning and Weaving Company
- Sunflag Nigeria Limited
- Hextex (Hex River Textiles)
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 313 |
Published | September 2024 |
Forecast Period | 2023 - 2033 |
Estimated Market Value ( USD | $ 133.6 Billion |
Forecasted Market Value ( USD | $ 220.3 Billion |
Compound Annual Growth Rate | 5.1% |
Regions Covered | Global |