Home textile refers to various fabric-based products used within the home environment to enhance both functionality and aesthetics. Home textiles are integral to home decor and comfort, serving practical purposes like protecting surfaces, providing warmth and adding decorative touches.
The home textile market consists of sales, by entities (organizations, sole traders and partnerships), of home textiles products that are used for functional and decorative purposes.
The global home textile market was valued at $116,564.3 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 2.0%.
Increased Disposable Income
Increased disposable income propelled the growth of the home textile market in the historic period. Increased disposable income enabled consumers to invest more in home furnishings and decor. With higher income levels, people prioritized upgrading their living spaces with quality and aesthetically pleasing home textiles. This trend, driven by an awareness of home aesthetics and the desire for comfort and luxury, led to greater experimentation with interior design trends, boosting demand for diverse textile products. For instance, according to the Bureau of Economic Analysis (BEA), a US-based government agency that provides official macroeconomic and industry statistics, disposable personal income per capita in the United States increased to $61,047 in November 2023 from $57,339 in November 2022. Additionally, in February 2023, according to estimates from the National Statistical Office (NSO), under the Ministry of Statistics and Programme Implementation (MoSPI), India's per capita net national income was INR 172,000 ($2,077.35). This is a nearly 100% increase over the INR 86,647 ($1,046.49) per capita income in 2014-15. Therefore, increased disposable income supported the growth of the home textile market during the historic period.
Leveraging Advanced Technologies For Innovative Solutions
Major companies operating in the home textile market are developing innovative solutions, leveraging advanced technologies to address key challenges like durability, moisture management and sustainability in cotton bedding. For example, in September 2023, Cotton Incorporated, a US-based non-profit organization, launched RESTech COTTON technology, which represents a significant advancement in cotton bedding. It is designed to hold less moisture and dry more quickly, maintaining remarkable softness and comfort. This combination of qualities makes RESTech COTTON technology a significant advancement in cotton bedding, offering a more sustainable and comfortable alternative to traditional cotton sheets.
The global home textile market is fairly concentrated, with large players operating in the market. The top ten competitors in the market made up to 31.25% of the total market in 2023.
Home Textile Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global home textile market as it emerges from the COVID-19 shut down.
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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 history and forecasts market growth by geography. It places the market within the context of the wider home textile market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by product, by material, by distribution channel and by end-user.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario- The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the home textile market.
- Global Market Size And Growth- Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis- Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by product, by material, by distribution channel and by end-user in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major And Innovative Companies Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for home textile providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
- 1) By Product: Bedroom Linen; Bathroom Linen; Kitchen Linen; Carpets And Floors Coverings; Other Products
2) By Material; Polyester; Cotton; Silk; Wool; Other Materials
3) Distribution Channel; Offline; Online
- 4) By End User: Residential; Commercial
- Companies Mentioned: The Home Depot Inc.; Lowe's Companies Inc.; Target Corporation; TJX Companies Inc.; Macy's Inc.
- Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; Italy; Spain; UK; Russia
- 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; home textile indicators comparison.
- 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.