Durability is a crucial feature of home textiles, ensuring their ability to withstand regular use, frequent washing, and exposure to various environmental factors. High-quality home textiles are crafted with resilient materials and robust construction techniques, enhancing longevity. These textiles, from bed linens and towels to curtains and upholstery, are designed to maintain their structural integrity and aesthetic appeal even after repeated washing cycles. The durability of home textiles contributes to their longevity and reflects their resistance to wear and tear, ensuring that they remain functional and visually pleasing over time.
According to Data Bridge Market Research analyses the Global Home Textiles Market is expected to reach USD 179.87 billion by 2030, which was USD 119.90 billion in 2022, registering a CAGR of 5.20% during the forecast period of 2023 to 2030.
"Rise in demand for eco-friendly home furnishing boosts the market growth"
The increasing demand for eco-friendly home furnishing is emerging as a significant driver in the global home textiles market. Consumers are becoming more environmentally conscious, leading to a rising preference for sustainable and eco-friendly materials in home decor. This shift is fueled by concerns about climate change and a desire to reduce the ecological impact of household products. Manufacturers in the home textiles industry are responding to this demand by incorporating eco-friendly materials, such as organic cotton, bamboo, and recycled fabrics, into their product lines.
What restraints the growth of the global home textiles market?
“High raw material costs associated with the market hinder its growth”
The high price of raw materials is a significant constraint for the global home textiles market, impeding its growth. Escalating costs of essential inputs such as cotton, polyester, and other textile fibers exert pressure on profit margins for industry players. This economic burden trickles down the supply chain, leading to increased production expenses and elevated final product prices for consumers. The constrained availability of affordable raw materials further hampers the market's competitiveness, limiting the scope for cost-effective production.
Segmentation: Global Home Textiles Market
The global home textiles market is segmented on the basis of product, material, fabric type, distribution channel, application, and end-user.
- On the basis of product, the global home textiles market is segmented into bed linen and bed spread, bath or toilet, kitchen linen, upholstery and curtains, and floor
- On the basis of material, the global home textiles market is segmented into natural, synthetic, and blended
- On the basis of fabric type, the global home textiles market is segmented into buckram fabric, georgette fabric, sheeting fabric, casement fabric, and others
- On the basis of distribution channel, the global home textiles market is segmented into specialty stores, supermarkets and hypermarkets, online, and other
- On the basis of application, the global home textiles market is segmented into family used, and commercial used
- On the basis of end-user, the global home textiles market is segmented into residential, and commercial
Regional Insights: North America dominates the Global Home Textiles Market
North America dominates in the home textiles market, driven by the rapid pace of urbanization and advancements in consumer lifestyles within the region. The export of substantial product shipments to developing destinations is an additional catalyst, contributing significantly to the market expansion. The confluence of evolving consumer preferences and efficient export practices positions North America as a key driver of growth in the home textiles industry.
The Asia-Pacific is expected to experience rapid growth from 2023 to 2030, primarily attributed to increased investments in the India textile industry. This surge in investment is a key factor propelling the overall market development. Furthermore, renovating household interiors in the region contributes significantly to the expanding market, reflecting a growing consumer inclination towards enhancing living spaces.
To know more about the study, visit https://www.databridgemarketresearch.com/reports/global-home-textiles-market
Recent Developments in the Global Home Textiles Market
- In 2020, Tempur Sealy International, Inc. solidified its market presence by acquiring the majority of Sherwood Acquisition Holdings, LLC (Sherwood Bedding), a prominent player in the American private label/original equipment manufacturer (OEM) market. This strategic move aimed to balance Tempur Sealy's portfolio, combining its well-established branded items with a stronger foothold in the private label market
- In 2020, Welspun USA Inc., a division of Welspun India Ltd., reshaped its digital presence by launching a comprehensive website. Beginning with an informative platform for retailers and customers, the site provides insights into sheet and towel care and explores various cotton types such as Egyptian, organic, Indian, Turkish, Supima, and American Upland. The platform also delves into Welspun's cutting-edge technologies, including HygroCotton, Wel-Trak traceability solution, anti-allergy textiles, and charcoal technology. This initiative was a pivotal part of Welspun's broader strategy to introduce innovative omnichannel experiences and merchandising concepts
The Prominent Key Players Operating in the Global Home Textiles Market Include:
- Mannington Mills, Inc (U.S.)
- Companhia de Tecidos Norte de Minas (Brazil)
- Kurlon (India)
- American Textile Company. (U.S.)
- Leggett & Platt, Incorporated (U.S.)
- Nitori Holdings Co., Ltd. (Japan)
- Williams-Sonoma Inc. (U.S.)
- MOHAWK INDUSTRIES, INC. (U.S.)
- American Signature, Inc. (U.S.)
- Bombay Dyeing (India)
- Vescom B.V. (Netherlands)
- MITTAL INTERNATIONAL (India)
- Kimball International Inc. (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of global home textiles market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Home Textiles Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
