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

Global 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).

In contemporary households worldwide, home textiles have transcended their basic utilitarian role and are now regarded as an extension of homeowners' personalities, preferences, and tastes. Manufacturers of these products have been continuously innovating in terms of designs, styles, quality, patterns, and applications to attract a larger consumer base. The expanding real estate industry and increasing standards of living have led to a rise in spending on interior design and house decoration, making it a significant driver of market growth in the foreseeable future. The global economy was significantly affected by the coronavirus pandemic, with offline retail suffering a major setback while online sales of home bedding products experienced a surge. The changing routines and heightened stress and anxiety levels resulted in people struggling to attain quality sleep. This trend may indicate a search for self-care solutions during a time when COVID-19-related anxiety caused an abundance of sleep issues. Consequently, there was an increased expenditure on comfort and bedding, an outcome that manufacturers in the industry did not adequately anticipate. The market for home textiles and furnishing fabrics encompasses a wide range of prices, designs, and colors. Affluent consumers, unconstrained by price, have refined international preferences in terms of quality and design, while mid and economy-segment consumers opt for larger quantities of reasonably priced products. The demand for better-quality stain-resistant and flame-retardant home textiles is increasing due to growing awareness regarding the environment, safety, hygiene, and functionality. People have always expected home textile products to harmonize with the walls and color scheme of their houses, complement modern furniture, as well as enhance the overall appearance of rooms through lighting and color coordination. Many manufacturers have gained popularity by offering comprehensive sets of fashionable and luxurious home textile products that fulfill these expectations.

US Home Textile Market is poised to grow at a sustainable CAGR for the next forecast year.