Global Home Textiles Market, By Product (Bed Linen and Bed Spread, Bath or Toilet, Kitchen Linen, Upholstery and Curtains, Floor), Material (Natural, Synthetic, Blended), Fabric Type (Buckram Fabric, Georgette Fabric, Sheeting Fabric, Casement Fabric, Others), Distribution Channel (Specialty Stores, Supermarkets and Hypermarkets, Online, Other), Application (Family Used, Commercial Used), End-User (Residential, Commercial) – Industry Trends and Forecast to 2030.
Home Textiles Market Analysis and Size
Growth and expansion in end-user verticals, for instance, hospitality and residential, together with the growing attentiveness regarding shifting inclinations of home-based interior decoration, is anticipated to influence the growth of the global home textiles market. The growing real estate sector and refining criteria of living style have caused an increased expenditure on the home-based interior. Moreover, altering inclinations in home-based furnishing are projected to surge the development of home textiles in upcoming years.
Data Bridge Market Research analyses that the 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. 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.
Home Textiles Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Bed Linen and Bed Spread, Bath or Toilet, Kitchen Linen, Upholstery and Curtains, Floor), Material (Natural, Synthetic, Blended), Fabric Type (Buckram Fabric, Georgette Fabric, Sheeting Fabric, Casement Fabric, Others), Distribution Channel (Specialty Stores, Supermarkets and Hypermarkets, Online, Other), Application (Family Used, Commercial Used), End-User (Residential, Commercial)
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Countries Covered
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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
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Market Players Covered
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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.)
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Market Opportunities
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Market Definition
Home textiles are textile products that are used to decorate or cover homes. Although synthetic materials can also be manufactured, home textiles are frequently constructed of natural fibers like cotton, wool, linen, or silk. Bed linens (sheets, quilts, and blankets), curtains and drapes (including blackout curtains), upholstery (cushion covers, pillows), tablecloths, and napkins are all examples of home textiles. A home can be made cozier and more welcoming by using home textiles. Also, well-made home textiles can survive for many years with the right maintenance.
Global Home Textiles Market Dynamics
Drivers
- Increasing development of new buildings and single-person homes
The demand for home furnishings such as home textiles is increasing due to the rise in single-person homes and new construction in various places. For instance, the U.S. Census Bureau reported around 37.89 million single-person-led households in the country in 2022. There are now more single-person homes in the United States than there were a year ago, when roughly 36.5 million of them. As a result, the rapid construction of new structures and single-person dwellings raises demand for home textiles, which is anticipated to fuel market expansion.
- Growing demand for bed linen and bedspread
The increasing demand for bed linen and bedspread will likely propel the market's growth. Bed linen includes, among other things, bedspreads, blankets, mattresses, mattress covers, pillows, duvets, and bed covers. Bathrobes, towels, and bath mats are just a few examples of bath linen. As a result of the expansion of end-use industries such as hospitality and housing, urban consumers' increasing fashion sensitivity towards home furnishings increase the demand for bed linen and bedspread and further boosts the market growth.
Opportunities
- Growing penetration of smart devices
The home decor market will likely expand throughout the projected period due to the increasing use of smartphones and e-commerce. A smartphone is a handheld electronic device that provides access to the internet and a cellular network. Smartphones can be used to purchase products from online e-commerce websites related to home textiles, such as bed linen, bath linen, kitchen linen, upholstery, and floor. Therefore, the growing penetration of smart devices is expected to create lucrative opportunities for market growth.
- Increasing demand for eco-friendly home furnishing
As a result of environmental concerns, people are becoming more interested in environmentally friendly products. Natural fibers are more environmentally friendly than synthetic fibers, so manufacturers all over the globe are developing products using them. Many aesthetically pleasing products are available, including bamboo furniture and wood drapes. Natural fibers are now being used instead of chemical colors by manufacturers. Hence, increasing demand for eco-friendly home furnishing will generate ample opportunities for market growth during the forecast period.
Restraints/ Challenges
- The high price of raw materials
The high price of raw materials, such as nylon, used to make home textiles, is anticipated to restrain market development. For instance, the wholesale price index for cotton yarn in India surpassed 140 in 2022, according to the Office of Economic Adviser (India). The price index value has grown by about 40% over the last few years. The demand for home textiles consequently declines, likely to impede market expansion.
- Issues associated with the logistic system
The increased logistics cost is expected to pose significant challenges to the global home textiles business. Leading producers of home textile goods are found in developing nations with weak organizational and logistical systems. This will probably appear to be the main problem impeding the growth of the market for household textiles.
This home textiles 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 home textiles 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
- In 2020, Tempur Sealy International, Inc. signed a legally binding contract to buy the majority of Sherwood Acquisition Holdings, LLC (Sherwood Bedding), a well-known producer in the American private label/original equipment manufacturer (OEM) market. Tempur Sealy wanted to balance its non-branded private label portfolio with its well-known branded items. Therefore, the acquisition was made to help the company break into the private label market.
- In 2020, Welspun USA Inc., a division of Welspun India Ltd., a company based in India, created a new website where retailers and customers may learn, shop, and interact. The website provides instructions for sheets and towels and an introduction to several sorts of cotton, such as Egyptian, organic, Indian, Turkish, Supima, and American Upland. The Welspun HygroCotton technology, Wel-Trak traceability solution, anti-allergy textiles, and charcoal technology are all covered in-depth on the Innovations landing page. The launch was a component of Welspun's bigger plan to create fresh omnichannel and merchandising concepts.
Global Home Textiles Market Scope
The home textiles market is segmented on the basis of product, material, fabric type, distribution channel, application and end-user. 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
- Bed Linen and Bed Spread
- Bath or Toilet
- Kitchen Linen
- Upholstery and Curtains
- Floor
Material
- Natural
- Synthetic
- Blended
Fabric Type
- Buckram Fabric
- Georgette Fabric
- Sheeting Fabric
- Casement Fabric
- Others
Distribution Channel
- Specialty Stores
- Supermarkets and Hypermarkets
- Online
- Other
Application
- Family Used
- Commercial Used
End-User
- Residential
- Commercial
Home Textiles Market Regional Analysis/Insights
The home textiles market is analyzed and market size insights and trends are provided by country, product, material, fabric type, distribution channel, application and end-user as referenced above.
The countries covered in the home textiles 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 home textiles market because of rapid urbanization and this region's consumer lifestyle advancement. Moreover, they export bulk shipments of major products to developing destinations, further boosting the market growth in this region.
Asia-Pacific is expected to be the fastest developing region during the forecast period of 2023-2030 due to the growing investment in the Indian textile industry in this region. Moreover, the growing inclination towards renovating the interior of the households will further increase the market growth 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.
Competitive Landscape and Home Textiles Market Share Analysis
The home textiles 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 home textiles market.
Some of the major players operating in the home textiles market are:
- 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.)
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