Global Textiles Home Decor Market - Segmented by Product Category (Bed linen & bed spread, Kitchen linen, Bath/toilet, Upholstery, Floor, Others), Distribution Channel, and Geography - Growth, Trends and Forecasts (2022 - 2030)
The global textile home decor market is projected to grow at a CAGR of 7.1% during the forecast period, 2018-2023. Most purchasing of textile home décor products occurs through offline retail stores, but online retail stores is witnessing significant growth from last few years, as more consumers are influenced by the convenience and product offering through online retail stores. Traditional textile home décor retailers are more focusing on to increase the sales by offering various promotional strategies which is attracting consumer towards offline retail stores. Additionally, growth of wall covering and wall bed market and foldable furniture products to save space is likely to drive the textile home décor market growth in upcoming years.
Growth in Home Furniture Industry to Drive the Growth of the Textiles Home Decor Market
Rapid development and expansion in home furniture industry have complemented the growth of textile home décor market especially in developing economies like India and China. Improving distribution network facilitates which helps for easier and wider availability of textile home décor products and designs for consumers is influencing sales of textile home décor products though both offline and online retail stores. Additionally, rising consumer preference towards usage of high quality décorating products, known for their impact on the social status, has also boosted the demand for textile home décor products. Improving lifestyle and growing expenditure to buy home décor products offer several growth opportunities to the key players operating in the market. Increasing cost of raw materials, such as fabric and superior quality wool, is restraining the textile home decor market growth.
Bed Linen Segment to Witness Fastest Growth during the Forecast Period
Increasing demand for bed and table linen from hospitality sector is likely to drive the demand of bed linen and bed spreads from last few years. Linen manufacturers across globe are focusing on designing of the bed linen which is likely to influence the market share of bed linen in upcoming years. Moreover, textile home décor products have gained a high acceptance among home owners who want to renovate the home interior and exteriors. The impact of this factor would increase the sales of textile home décor products during the forecast period.
Improved Distribution Network to Drive Textile Home Decor Market in Asia-Pacific Region
The regions like North America and Europe are the largest consumers of textile home decor market. Increasing urban population is one of the key factors influencing the textile home décor market. Urban culture influences an individuals’ living style which is supporting the growth in sales of textile home décor products. According to United Nations, more than 50% of the world’s population were living in urban areas in 2015, and more of rural population is expected to shift to urban areas in upcoming years which likely to drive the textile home decor market growth during the forecast period.
Key Developments in the Textiles Home Decor Market
Mar 2017: Nitori Holdings Group secured a contract with the partnership of GreyOrange and Ground INC to supply robotic solutions for logistics and e-commerce of home furniture segment.
Feb 2018: London-based label Shrimps, best known for its faux-fur and playful aesthetics, is set to launch a textile home décor products in collaboration with Habitat.
Textiles Home Decor Market Competitive Landscape
Textiles Home Decor Market Major Key Players are- Mannington Mills, Inc, Companhia de Tecidos Norte de Minas, Kurlon Enterprise Limited, American Textile Company, Inc., Leggett & Platt, Nitori Holdings Co., Ltd, Williams-Sonoma, Inc., Berkshire Hathaway Inc., Ashley Furniture Industries, Inc, Mohawk Industries, Inc., Inter Ikea Systems B.V., and Mittal International
Reasons to Purchase Textiles Home Decor Market Report
Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
Market dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
3-month analyst supports, along with the Market Estimates sheet in excel
Customization of Textiles Home Decor Market Report
This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs.
Growth in Home Furniture Industry to Drive the Growth of the Textiles Home Decor Market
Rapid development and expansion in home furniture industry have complemented the growth of textile home décor market especially in developing economies like India and China. Improving distribution network facilitates which helps for easier and wider availability of textile home décor products and designs for consumers is influencing sales of textile home décor products though both offline and online retail stores. Additionally, rising consumer preference towards usage of high quality décorating products, known for their impact on the social status, has also boosted the demand for textile home décor products. Improving lifestyle and growing expenditure to buy home décor products offer several growth opportunities to the key players operating in the market. Increasing cost of raw materials, such as fabric and superior quality wool, is restraining the textile home decor market growth.
Bed Linen Segment to Witness Fastest Growth during the Forecast Period
Increasing demand for bed and table linen from hospitality sector is likely to drive the demand of bed linen and bed spreads from last few years. Linen manufacturers across globe are focusing on designing of the bed linen which is likely to influence the market share of bed linen in upcoming years. Moreover, textile home décor products have gained a high acceptance among home owners who want to renovate the home interior and exteriors. The impact of this factor would increase the sales of textile home décor products during the forecast period.
Improved Distribution Network to Drive Textile Home Decor Market in Asia-Pacific Region
The regions like North America and Europe are the largest consumers of textile home decor market. Increasing urban population is one of the key factors influencing the textile home décor market. Urban culture influences an individuals’ living style which is supporting the growth in sales of textile home décor products. According to United Nations, more than 50% of the world’s population were living in urban areas in 2015, and more of rural population is expected to shift to urban areas in upcoming years which likely to drive the textile home decor market growth during the forecast period.
Key Developments in the Textiles Home Decor Market
Mar 2017: Nitori Holdings Group secured a contract with the partnership of GreyOrange and Ground INC to supply robotic solutions for logistics and e-commerce of home furniture segment.
Feb 2018: London-based label Shrimps, best known for its faux-fur and playful aesthetics, is set to launch a textile home décor products in collaboration with Habitat.
Textiles Home Decor Market Competitive Landscape
Textiles Home Decor Market Major Key Players are- Mannington Mills, Inc, Companhia de Tecidos Norte de Minas, Kurlon Enterprise Limited, American Textile Company, Inc., Leggett & Platt, Nitori Holdings Co., Ltd, Williams-Sonoma, Inc., Berkshire Hathaway Inc., Ashley Furniture Industries, Inc, Mohawk Industries, Inc., Inter Ikea Systems B.V., and Mittal International
Reasons to Purchase Textiles Home Decor Market Report
Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
Market dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
3-month analyst supports, along with the Market Estimates sheet in excel
Customization of Textiles Home Decor Market Report
This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs.
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