Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
| 2023 –2030 | |
|
|
USD 105.27 Billion |
| USD 175.53 Billion | |
| % | |
|
Global Textile Home Decor Market, By Product Type (Bed linen and Bedspread, Floor Coverings, Kitchen and Dining Linen, Bath/Toilet Linen, Upholstery, and Others), Price (Premium, Mass), Income Group (Lower-Middle, Upper-Middle), Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Online Retail Stores, and Other Distribution Channels), Application (Indoor Decor, Outdoor Decor) – Industry Trends and Forecast to 2030.
Nowadays, textiles are evolving as an integral part of ideal home. Increasing expenditure on household textile products such as beddings, a home furnishings, curtain and apparel have been witnessed with an increasing trend of household consumption expenditure. Furthermore, consumers are now more attracted toward the usage of products manufactured by the new apparel technologies. For instance, various manufacturers are offering bed sheets that are made by thermolite and coolmax fabrics in the market.
Data Bridge Market Research analyses that the textile home decor market is expected to reach USD 175.53 billion by 2030, which is USD 105.27 billion in 2022, registering a CAGR of 6.60% during the forecast period of 2023 to 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.
|
Report Metric
|
Details
|
|
Forecast Period
|
2023 to 2030
|
|
Base Year
|
2022
|
|
Historic Years
|
2021 (Customizable to 2015 - 2020)
|
|
Quantitative Units
|
Revenue in USD Billion, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Product Type (Bed linen and Bedspread, Floor Coverings, Kitchen and Dining Linen, Bath/Toilet Linen, Upholstery, and Others), Price (Premium, Mass), Income Group (Lower-Middle, Upper-Middle), Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Online Retail Stores, and Other Distribution Channels), Application (Indoor Decor, Outdoor Decor)
|
|
Countries Covered
|
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
|
|
Market Players Covered
|
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) and Kimball International Inc. (U.S.)
|
|
Market Opportunities
|
|
Market Definition
A subset of the textile sector which is used for home furnishings is known as textile home decor. It includes textiles and clothing for the interiors of the home. Textile home decor includes products such as area rugs, curtains, toss pillows, blankets and upholstery that are woven or manufactured by fabrics. These products are used to improve the overall aesthetic of a room.
Drivers
The growing penetration of smartphones and e-commerce is likely to drive the growth of the home decor market during the forecast period. A smartphone refers to a handheld electronic device which furnishes a connection to the internet and a cellular network. Smartphones are supportive for buying textile home decor products such as bed products from various online e-commerce websites. Thus, the growing penetration of smart devices contributes to the market.
The surge in the number of single-person homes and new building development in various areas are boosting the demand for the home furnishings such as textile home decor. For instance, in 2022, as per the report of the U.S. Census Bureau, around 37.89 million single-person-led households were in the U.S. This is an increase from the last year, when there were around 36.5 million single-person households in the U.S. Therefore, surging development of new buildings and single-person homes eventually increases the demand for the textile home decor which is expected to propel the market growth.
Opportunities
The surging acquisition between major market players offer numerous growth opportunities within the market. For instance, Mensa Brands which is an Indian-based digital brand investment firm acquired Folkulture in December 2021 for an undisclosed amount. With this acquisition, Mensa Brands would enhance its channels and improve their presence in key global markets. Folkulture is an Indian-based home decor label company which is providing sophisticated, modern-chic and affordable styles for home decor and kitchenware.
The increasing product launches by major market players further create ample opportunities for the market growth during the forecast period. For instance, Welspun India introduced a line of anti-viral home textile goods In June 2020 for India in conjunction with Australia's Health Guard Corporation. The carpets, terry towels, bed linens, rugs, and reusable cloth masks will be sold under the trademarks SPACES. As a result, Welspun Health will extend the company's portfolio into health and hygiene industry.
Restraints/ Challenges
The high cost of raw material such as nylon which is used for the manufacturing of textile home decor is expected to hamper the growth of the market during the forecast period. For instance, as per the Office of Economic Adviser (India), in 2022, the wholesale price index for cotton yarn exceeded 140 in India. Over the past few years, the price index value has increased by approximately 40%. As a result, the demand for the textile home decor decreases which will likely to hamper the market growth.
The availability of counterfeit products of textile home decor such as wooden furniture, paper based home decor and many other are expected to hamper the growth of the textile home decor market during the forecast period of 2023 to 2030.
This textile home decor market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the textile home decor market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
The textile home decor market is segmented on the basis of product type, price, income group, distribution channel and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product type
Price
Income Group
Distribution Channel
Application
The textile home decor market is analyzed and market size insights and trends are provided by country, product type, price, income group, distribution channel and application as referenced above.
The countries covered in the textile home decor market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the textile home decor market due to rapid urbanization and improvement in consumer lifestyle in this region. Moreover, increasing introduction of new items in creative ways will further boost the market growth in this region.
Europe is expected to be the fastest developing region during the forecast period of 2023-2030 due to the increasing expenditure capacity of consumers on household textile products such as home furnishings, curtains, beddings, and apparel in the evolving economies in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The textile home decor market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to textile home decor market.
Some of the major players operating in the textile home decor market are:
SKU-
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
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. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.