Global Home Textile Market

Home Textile Market Size, Share, Growth Analysis, By Product(Bedroom Linen, Bathroom Linen, Carpets and Floor Coverings, Kitchen Linen), By Distribution channel(Offline & Online), By Region - Industry Forecast 2024-2031


Report ID: SQMIG25M2033 | Region: Global | Published Date: March, 2024
Pages: 223 | Tables: 63 | Figures: 75

Home Textile Market News

  • In March 2024, Dolly Parton debuted her inaugural multi-category home collection. Collaborating with her authorizing agency, IMG, Parton enlisted the expertise of Lodge Cast Iron, Lifetime Brands, and Mainstream International to create unique collections that capture her distinctive style and creative vision.

     

  • In February 2024, Indo Count partnered with Accenture to embark on its digital transformation journey.

     

  • In January 2024, Accenture, a global consulting and professional services firm, announced a strategic collaboration with Indo Count Industries Limited, an India-based home textile manufacturer. The partnership plans to enhance Indo Count's business operations using cutting-edge digital technologies.

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Home Textile Market size was valued at USD 119.09 billion in 2022 and is poised to grow from USD 125.88 billion in 2023 to USD 196.13 billion by 2031, at a CAGR of 5.7% during the forecast period (2024-2031).

The home textile market is characterized by a competitive landscape driven by various factors. One of the significant challenges faced by the industry is the rising costs of logistics, which affects the overall market dynamics. Developing nations with weak organizational and logistical systems, where many leading producers of home textile goods are based, encounter this challenge more prominently. As a result, the market growth for household textiles may be impeded. The market report on home textiles provides valuable insights into the industry, including recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analysis of opportunities in emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, growth trends in specific categories, application niches and dominance, product approvals, product launches, geographic expansions, and technological innovations in the market. This comprehensive report aims to equip stakeholders with the necessary information to make informed decisions and pursue growth opportunities in the home textiles market. 'Welspun India Ltd. - India', 'Springs - United States', 'Sunvim Group Co., Ltd. - China', 'Luolai Lifestyle Technology Co., Ltd. - China', 'Trident Group - India', 'Shandong Weiqiao Pioneering Group - China', 'GHCL Limited - India', 'Loftex - United States', 'WestPoint Home - United States', 'Himatsingka Seide Ltd. - India', 'Li & Fung Limited - Hong Kong', 'Mohawk Industries - United States', 'Hollander Sleep Products - United States', 'Sheridan - Australia', 'American Textile Company - United States', 'Ralph Lauren Corporation - United States', 'IKEA - Sweden', 'Frette - Italy', 'Tempur Sealy International - United States', 'Pacific Brands - Australia'

The market for bed linen and bedspreads is expected to experience significant growth due to the rising demand. Bed linen encompasses various items such as bedspreads, blankets, mattresses, mattress covers, pillows, duvets, and bed cover. Similarly, bath linen includes products like bathrobes, towels, and bath mats. The growth of industries like hospitality and housing, along with the increasing fashion consciousness among urban consumers regarding home furnishings, contributes to the heightened demand for bed linen and bedspreads. Consequently, this trend acts as a catalyst for market expansion.

Sustainability and Eco-Friendly Materials: There is a growing demand for sustainable and eco-friendly home textile products. Consumers are increasingly seeking products made from organic, recycled, or renewable materials, as well as those manufactured using environmentally friendly processes.

Asia Pacific held the dominant position in the market, capturing a share of over 44.5% in 2022. Specifically, the home textile market in China reached a size of USD 16.54 billion in the same year. Despite the challenges posed by the Covid-19 pandemic, there was a sustained demand for home textiles in China. Favorable economic conditions, such as reduced inflation, increased savings, optimistic growth projections, and improved supply chain constraints, have contributed to significant growth in both demand and supply within this market. The ASEAN home textile industry was valued at USD 7.19 billion. The diverse cultural heritage of ASEAN countries has influenced home textile trends, leading to an appreciation for textiles and patterns inspired by different ethnicities. Contemporary home textile designs incorporate traditional motifs and craftsmanship techniques from countries like Malaysia, Brunei, Cambodia, Laos, Myanmar, and Thailand.

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Global Home Textile Market

Report ID: SQMIG25M2033

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