Industry Insights

The global home textiles market size was valued at USD 94.73 billion in 2018 and is expected to register a CAGR of 5.01% from 2019 to 2025. Growth in end-use sectors, such as hospitality and residential, along with the rising awareness about changing home décor trends is estimated to drive the global market.

Growing real estate market and improving standards of living have resulted in an increased spending on home decoration and interior. This is also projected to be one of the key factors augmenting market growth over the forecast years. In addition, changing trends in home furnishing is expected to boost the market growth further.

North America was the largest regional market in 2018 and is expected to maintain the dominance over the forecast period. Countries, such as U.S., U.K., Germany, India, and China, witnessed an increased demand for home textiles due to rise in disposable income and rapid urbanization. In U.S., average expenditure on household textile was USD 115 in 2017. Moreover, increased number of retail outlets and online portals are contributing to the market growth.

To view summary of this report, click the link below:

www.grandviewresearch.com/industry-analysis/home-textiles-market

Product Insights

The bedroom linen segment led the global market with a value of USD 32.13 billion in 2018. Bed spreads, blankets, and cushion and cushion covers were the highest selling products, which helped the segment maintain the dominant position in the market. Major companies focus on providing mattresses with improved comfort and curtains and bed spreads with special features.

The bathroom linen segment is expected to register the fastest CAGR of 5.02% over forecast period. Constant innovations in this segment is expected to boost the demand for bathroom linen products. For instance, Welspun India has invested in special kind of material used in manufacturing of towels so that it could regulate temperature of the product and make it softer after each use.

Distribution Channel Insights

Retail outlets was the leading distribution channel in 2018 and accounted for 65.43% of the overall share. In retail outlets, consumers can examine the product before buying, which significantly influences consumer decision. Moreover, these outlets provide assistance of store associates to help choose the right product. These factors supported the segment growth.

To request a sample copy of this report, click the link below:

www.grandviewresearch.com/industry-analysis/home-textiles-market

Regional Insights

North America contributed to the largest market share of about 43.15% in 2018. Countries, such as U.S., drive the regional market due to increased demand for home textiles as a result of high standards of living and purchasing power. Moreover, growing number of sellers and manufacturers in this region has led to an increased variety and easy availability of luxury home textile products.

Thus, constant innovations in the field will boost the regional growth further. For instance, New Saga Home Textile, came up with bed-in-a-bag concept. Asia Pacific is one of the largest exporters of these products and is also projected to be the fastest-growing market due to rising consumer disposable income levels and growth in real estate sector in the region.

Home Textiles Market Share Insights

Key companies in the market are Welspun Group, Springs Global, New Sega Home textiles, Ralph Lauren Corporation, Shenzhen Fuanna, Trident Group, Marvic Textiles, Shanghai Hometex, Honsun Home Textile Co.LTD, Hunan Mendale Hometextile Company Ltd. These manufacturers are focusing on R&D for the production of advanced products due to rising demand for modern and well-furnished living spaces.

Report Scope

Attribute & Details

Base year for estimation

2018

Actual estimates/Historical data

2015 - 2017

Forecast period

2019 - 2025

Market representation

Revenue in USD Billion and CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa

Country scope

U.S., U.K., Germany, China, and India

Report coverage

Revenue forecast, company share, competitive landscape, growth factors and trends

15% free customization scope (equivalent to 5 analysts working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization