Home Textile Global Market Report 2024

Home textiles encompass fabrics and items specifically utilized for furnishing a residence, offering a diverse range of both functional and decorative products for the interior environment. These textiles are crafted from a combination of natural and synthetic fibers, at times blended to enhance fabric strength.

The primary categories of home textile products include bedroom linen, bathroom linen, kitchen linen, and carpets and floor coverings. Bed linen, for instance, refers to materials placed on the mattress for reasons such as hygiene, warmth, mattress protection, and decorative purposes. These materials are manufactured from various fibers such as polyester, cotton, silk, wool, among others. Home textile products are distributed through multiple channels, including both offline and online platforms, reaching a wide array of end-users, encompassing both residential and commercial sectors.

The home textile market research report is one of a series of new reports from The Business Research Company that provides home textile market statistics, including home textile industry global market size, regional shares, competitors with a home textile market share, detailed home textile market segments, market trends and opportunities, and any further data you may need to thrive in the home textile industry. This home textile market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The home textile market size has grown strongly in recent years. It will grow from $122.27 billion in 2023 to $130.92 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth observed in the historic period can be attributed to factors such as the rise in patient admissions, a heightened focus on optimizing patient flow, compliance with regulatory requirements, integration with electronic health records (EHRs), and an increase in healthcare facility capacity.

The home textile market size is expected to see strong growth in the next few years. It will grow to $164.2 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The anticipated growth in the forecast period can be attributed to a focus on patient-centric care, the implementation of artificial intelligence (AI), advancements in real-time location systems (RTLS), an emphasis on infection control, and the adoption of population health management strategies. Notable trends expected in the forecast period include advancements in healthcare technology, the integration of real-time location systems (RTLS), the utilization of cloud-based solutions, optimization of patient flow, and the development of mobile applications for bed requests.

The home textile market is anticipated to experience significant growth due to the rising demand for enhancing home aesthetics. Home aesthetic improvement involves enhancing a home's visual appeal, and home textiles play a crucial role in achieving this by incorporating items such as curtains, textured tablecloths, and cushions. According to a May 2023 survey conducted by Slickdeals, a US-based deal-sharing community, 69% of US homeowners feel embarrassed about their home aesthetics, leading 78% to plan home improvement projects. The planned average spending on such projects is $1753, indicating a strong demand for home aesthetic improvement, thereby contributing to the growth of the home textile market.

The increase in single-person households is expected to drive the growth of the home textile market. Single-person homes, characterized by individuals residing alone in separate spaces, create a demand for smaller-sized and customized home textile items that prioritize space efficiency and personal design preferences. As reported by the Office for National Statistics in May 2023, one-person homes accounted for 30% of UK households in 2022, totaling 8.3 million households. This represents a 1% increase over the past decade, emphasizing the growing trend of single-person households. Consequently, the surge in single-person homes is a key factor fueling the expansion of the home textile market.

The home textile market is anticipated to face growth constraints due to the unpredictable fluctuations in raw material prices. These fluctuations in the costs of raw materials have a direct impact on the home textile industry, influencing manufacturing expenses and product pricing. The volatility in prices of essential raw materials such as cotton or synthetic fibers poses challenges for producers, negatively affecting profit margins, disrupting the supply chain equilibrium, and overall competitiveness within the home textile sector. An illustration of this is seen in January 2023, where the International Institute of Sustainable Development, a Canadian think tank influencing global policies on sustainable development governance, reported that global cotton supply and demand remained relatively stable over the past 5 years. The USDA predicts a 3.2% increase in global cotton output for 2022-2023; however, demand is expected to surpass supply, leading to a surge in prices. Consequently, the instability in raw material prices, particularly in items such as cotton yarn, is impeding the growth of the home textile market.

Leading companies in the home textile market are actively developing innovative solutions utilizing advanced technologies, such as RESTech COTTON technology, to address critical challenges such as durability, moisture management, and sustainability in cotton bedding. RESTech COTTON technology enhances the inherent thermo-regulating properties of cotton, providing cool comfort and exceptional durability. Noteworthy is the launch of RESTech COTTON technology in September 2023 by Cotton Incorporated, a non-profit organization based in the US. This technology marks a significant breakthrough in cotton bedding, designed to retain less moisture and dry rapidly while maintaining exceptional softness and comfort. The integration of these qualities positions RESTech COTTON technology as a noteworthy advancement in cotton bedding, presenting a more sustainable and comfortable alternative to traditional cotton sheets.

In April 2022, Indo Count Industries Ltd., a home textile company based in India, completed the acquisition of the home textiles business of GHCL Textiles Limited for approximately $73.5 million. This strategic move aims to expand, diversify, and enhance Indo Count Industries Ltd. by incorporating premium-quality yarn, Griege fabric, and home textile products such as bed linen, curtains, and cotton yarn from the acquired company. GHCL Textiles Limited, an India-based home textile manufacturer, is the entity involved in this transaction.

Major companies operating in the home textile market report are Mohawk Industries Inc., Nitori Holdings Co. Ltd., Ralph Lauren KBE, Leggett & Platt Inc., Williams-Sonoma Inc., John Lewis & Partners, American Signature Inc., Mannington Mills Inc., Kimball International Inc., Laura Ashley Holdings PLC, Inter IKEA Systems B.V., American Textile Company, Hunan Mendale Hometextile Company Ltd., ShenZhen Fuanna Bedding and Furnishing Co. Ltd., Companhia de Tecidos Norte de Minas-Coteminas, WestPoint Home Inc., Parachute Home, Trident Ltd., Welspun India Ltd., Boll & Branch LLC, Springs Global Participacoes SA, Jaipur Rugs Company Pvt. Ltd., Cotton Incorporated, Peacock Alley Inc., Vescom B.V., Marvic Textiles Limited, New Sega Home Textiles Inc., Sheets & Giggles Inc., The Company Store, URBANARA GmbH

Asia-Pacific was the largest region in the home textile market in 2023. The regions covered in the home textile market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the home textile market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The home textile market consists of sales of bathroom and kitchen towels, table linens, curtains, and draperies. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Home Textile Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on home textile market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

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Where is the largest and fastest growing market for home textile ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The home textile market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Product: Bedroom Linen; Bathroom Linen; Kitchen Linen; Carpets and floors Coverings
• 2) By Material: Polyester; Cotton; Silk; Wool; Other Materials
• 3) By Distribution channel: Offline; Online
• 4) By End-User: Residential; Commercial
• Companies Mentioned: Mohawk Industries Inc.; Nitori Holdings Co. Ltd.; Ralph Lauren KBE; Leggett & Platt Inc.; Williams-Sonoma Inc.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.