The report intends to provide some exclusive insights into how the growth of the global home textiles market will unfold over the next few years and what will drive market expansion in future.
Market Analysis in Brief
The Indian Texpreneurs Federation (ITF) had reported the global home textiles market size was roughly worth US$135 Bn in 2022. The textiles industry has undergone a turmoil of changes after that, especially amid the pandemic situation that peaked in 2020-2021. Currently, home textiles represent more than 12% share of the overall textile and apparel exports and the approximate share of wholesale home textiles is around 8-10% of the entire textile industry. The home textiles market has travelled a stable growth trajectory that will most likely exhibit promising growth over the next few years. The market today represents a highly profitable part of the textiles industry and expects sound growth on the back of increasing consumer spending on lifestyle and hygiene products.
Key Report Findings
- The home textiles market is poised for around 5.8% CAGR during 2023 – 2030
- Unprecedented expansion of the housing sector, especially across the fast-developing Asian markets, will fortify the market
- Bed textiles register significantly high sales in the global home textiles industry
- North America, and Europe collectively capture more than 60% of the market value pie
- China, India, Turkey, and Pakistan remain the major exporters to North America, and Europe
- Strengthening e-Commerce will be a major contributor to the growth of market
Growth Drivers
Housing Sector’s Rapid Expansion
A growing number of new housing, and home renovation and remodelling projects will continue to push home textiles consumption, in turn boosting the home textiles market. A slew of product categories available on the market, including furnishing fabrics, rugs and other floor coverings, bedspreads, cushion and table covers, bath linen, curtains, and many others keep the sales afloat.
Growing consumer affluence, and improving standard of living, especially across the fast-developing Asian nations, are providing an impetus to lifestyle product categories like home furnishings. This is expected to be a strong driving factor for the home textiles market.
Improving Fashion Sensitivity of Urban Consumers
The fashion sensitivity of modern urban consumers has led to endless innovations in categories like home furnishings and décor over the recent past. The demand for digitally printed home textiles has been escalating at a brisk pace, highlighting a significant trend in the market. While the developed western regions have been housing phenomenally large markets for home textiles and allied products, several developing regions have also been developing favorable growth conditions for the home textiles market expansion across major economies.
Overview of Key Segments
Sales of Bed Textiles Remain High
Based on application, the key categories of the home textiles market include bed textiles, bath textiles, living room textiles, kitchen and dining textiles, and floor coverings. Research finds that the market is highly consolidated in certain applications such as bed and bath textiles in addition to floor coverings. The bed textiles segment that comprises bed linen, bedspreads, bed covers, mattresses and mattress covers, duvets and duvet covers, and pillows, currently surges ahead in terms of sales.
Bath textiles are also likely to demonstrate impressive sales performance owing to rapid adoption across housing and hospitality sectors. Curtains are identified as a prominent sub-segment in addition to floor coverings. The key distribution channels include offline, online, and direct sales. The contribution of online sales will remain substantial toward rapid market expansion.
Notable Market Trends
Sustainable Materials to Emerge Lucrative
Environmentally sustainable home furnishings, and soaring popularity of nonwovens mark a few exciting trends in the home textiles market. Among these, the eco-friendly material trend is expected to have a lasting influence on the market. Material wise, the market can be broadly segmented as cotton, wool, linen, rayon, polyester, and blended.
Cotton continues to be the material of choice for its exceptional absorbent attributes, breathability, endurance, and comfort. Whereas ample opportunity appears on the horizon for environmentally sustainable materials such as bamboo, soya, banana, and hemp fiber.
While textile manufacturers have been widely showing preference for non-cotton fabric materials like silk, velvet, and polyester for new product developments, sustainable material resources have been rapidly emerging as futuristic solutions.
However, the use of sustainable materials in making textiles is also associated with a significant bottleneck. Sustainable fibers come at premium price points. Several brands despite it have been accelerating their journey toward sustainable production with a long-term goal of participating in the formation of a circular economy that would promise a massive environmental, economic, and social impact in future.
Growth Opportunities Across Regions
Developed Western Markets Account for More than Half the Market Valuation
North America, and Europe are the largest home textiles markets and represent a collective revenue share of over three-fifth of the global space. However, these markets majorly depend on imports from the leading Asian exporters, i.e., China, India, Turkey, and Pakistan. The rampant expansion of housing sector, and greater emphasis on hygiene maintenance post-pandemic, together elevate the prospects of the home textiles industry in developing economies. Demand surge is expected from China, India, Indonesia, and South Korea in the years to come. While China will retain the dominant market positioning throughout the period of market assessment, the Indian market is likely to demonstrate around 10% growth in revenue toward the end of 2030.
Global Home Textiles Industry – Competition Overview
The global home textiles market report would cover some of the major industry players in the competition analysis section. Although the consumer incline and spending power hold a direct influence on the overall market performance, it is mostly the smaller brands that compete through improved customer service. Whereas large companies typically drive competition with focus on factors like the breadth of products, volume purchasing, and effective marketing and merchandising.
Key Market Players
Some of the prominent names in the global home textiles market space include Welspun Group, Trident Group, Shanghai Mercury Home Textile Company, Indo Count Industries, YUYUE Home Textile Co., Ltd., Himatsingka Seide Ltd., Mohawk Industries, Inc., Fateh Group, Chinab Limited, Dierig Holding AG, The Zorlu Textiles Group, De Le Cuona, and TIROTEX.
Regional Classification of the Global Home Textiles Market is Described Below:
North America
- U.S.
- Canada
Europe
- Germany
- France
- Spain
- U.K.
- Italy
- Russia
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East and Africa
- GCC
- South Africa
- Rest of Middle East and Africa
*Regions and countries are subject to change based on data availability
Key Elements Included In The Study: Global Home Textiles Market
- Home Textiles Market by Product/Technology/Grade, Application/End-user, and Region
- Executive Summary (Opportunity Analysis and Key Trends)
- Historical Market Size and Estimates, Value and Volume, 2018 - 2022
- Volume Consumption at Regional and Country Level, 2023 - 2030
- Market Dynamics and Economic Overview
- Market Size in Value and Volume, Growth Rates, and Forecast Figures, 2023 - 2030
- Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies
- Regional and Product/Grade/Application/End-user Price Trends Analysis
- Production Output Analysis (Major Producing Regions)
- Key Trade Statistics (Import and Export)
- Value Chain and Five Force’s Analysis
- Regional/Sub-region/Country Market Size and Trend Analysis
- Company Market Share Analysis and Key Player Profiles
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1. Executive Summary
1.1. Global Home Textile Market Snapshot
1.2. Key Market Trends
1.3. Future Projections
1.4. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.1.1. Driver A
2.2.1.2. Driver B
2.2.1.3. Driver C
2.2.2. Restraints
2.2.2.1. Restraint 1
2.2.2.2. Restraint 2
2.2.3. Market Opportunities Matrix
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. Covid-19 Impact Analysis
2.5.1. Pre-Covid and Post-Covid Scenario
2.5.2. Supply Impact
2.5.3. Demand Impact
2.6. Government Regulations
2.7. Technology Landscape
2.8. Economic Analysis
2.9. PESTLE
3. Production Output and Trade Statistics, 2018 - 2022
3.1. Regional Production Statistics
3.1.1. North America
3.1.2. Europe
3.1.3. Asia Pacific
3.1.4. Latin America
3.1.5. Middle East & Africa
3.2. Trade Statistics
4. Price Trends Analysis and Future Projects, 2018 - 2030
4.1. Key Highlights
4.2. Prominent Factors Affecting Prices
4.3. By Material
4.4. By Region
5. Global Home Textile Market Outlook, 2018 - 2030
5.1. Global Home Textile Market Outlook, by Materials, Value (US$ Mn), 2018 - 2030
5.1.1. Key Highlights
5.1.1.1. Cotton
5.1.1.2. Linen
5.1.1.3. Wool
5.1.1.4. Polyester
5.1.1.5. Rayon
5.1.1.6. Blended
5.1.1.7. Misc.
5.2. Global Home Textile Market Outlook, by Application, Value (US$ Mn), 2018 – 2030
5.2.1. Key Highlights
5.2.1.1. Bed Textiles
5.2.1.2. Bath Textiles
5.2.1.3. Kitchen & Dining Textiles
5.2.1.4. Living Room Textiles
5.2.1.5. Floor Coverings
5.2.1.6. Misc.
5.3. Global Home Textile Market Outlook, by Distribution Channels Type, Value (US$ Mn), 2018 - 2030
5.3.1. Key Highlights
5.3.1.1. E-Commerce
5.3.1.2. Direct Selling
5.3.1.3. Offline
5.3.2. BPS/Market Attractiveness Analysis
5.4. Global Home Textile Market Outlook, by Region, Value (US$ Mn), 2018 - 2030
5.4.1. Key Highlights
5.4.1.1. North America
5.4.1.2. Europe
5.4.1.3. Asia Pacific
5.4.1.4. Latin America
5.4.1.5. Middle East & Africa
5.4.2. BPS/Market Attractiveness Analysis
6. North America Home Textile Market Outlook, 2018 - 2030
6.1. North America Home Textile Market Outlook, by Materials, Value (US$ Mn), 2018 - 2030
6.1.1. Key Highlights
6.1.1.1. Cotton
6.1.1.2. Linen
6.1.1.3. Wool
6.1.1.4. Polyester
6.1.1.5. Rayon
6.1.1.6. Blended
6.1.1.7. Misc.
6.2. North America Home Textile Market Outlook, by Application, Value (US$ Mn), 2018 - 2030
6.2.1. Key Highlights
6.2.1.1. Bed Textiles
6.2.1.2. Bath Textiles
6.2.1.3. Kitchen & Dining Textiles
6.2.1.4. Living Room Textiles
6.2.1.5. Floor Coverings
6.2.1.6. Misc.
6.3. North America Home Textile Market Outlook, by Distribution Channels Type, Value (US$ Mn), 2018 - 2030
6.3.1. Key Highlights
6.3.1.1. E-Commerce
6.3.1.2. Direct Selling
6.3.1.3. Offline
6.4. North America Home Textile Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
6.4.1. Key Highlights
6.4.1.1. U.S.
6.4.1.1.1. U.S. Home Textile Market – Overview
6.4.1.1.2. Key Trends in Home Textiles
6.4.1.1.3. Key Exporting Countries to the U.S.
6.4.1.2. Canada
6.4.2. BPS/Market Attractiveness Analysis
7. Europe Home Textile Market Outlook, 2018 - 2030
7.1. Europe Home Textile Market Outlook, by Materials, Value (US$ Mn), 2018 - 2030
7.1.1. Key Highlights
7.1.1.1. Cotton
7.1.1.2. Linen
7.1.1.3. Wool
7.1.1.4. Polyester
7.1.1.5. Rayon
7.1.1.6. Blended
7.1.1.7. Misc.
7.2. Europe Home Textile Market Outlook, by Application, Value (US$ Mn), 2018 - 2030
7.2.1. Key Highlights
7.2.1.1. Bed Textiles
7.2.1.2. Bath Textiles
7.2.1.3. Kitchen & Dining Textiles
7.2.1.4. Living Room Textiles
7.2.1.5. Floor Coverings
7.2.1.6. Misc.
7.3. Europe Home Textile Market Outlook, by Distribution Channels Type, Value (US$ Mn), 2018 - 2030
7.3.1. Key Highlights
7.3.1.1. E-Commerce
7.3.1.2. Direct Selling
7.3.1.3. Offline
7.4. Europe Home Textile Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
7.4.1. Key Highlights
7.4.1.1. Germany
7.4.1.2. France
7.4.1.3. U.K.
7.4.1.4. Italy
7.4.1.5. Spain
7.4.1.6. Russia
7.4.1.7. Rest of Europe
7.4.2. BPS/Market Attractiveness Analysis
8. Asia Pacific Home Textile Market Outlook, 2018 - 2030
8.1. Asia Pacific Home Textile Market Outlook, by Materials, Value (US$ Mn), 2018 - 2030
8.1.1. Key Highlights
8.1.1.1. Cotton
8.1.1.2. Linen
8.1.1.3. Wool
8.1.1.4. Polyester
8.1.1.5. Rayon
8.1.1.6. Blended
8.1.1.7. Misc.
8.2. Asia Pacific Home Textile Market Outlook, by Application, Value (US$ Mn), 2018 - 2030
8.2.1. Key Highlights
8.2.1.1. Bed Textiles
8.2.1.2. Bath Textiles
8.2.1.3. Kitchen & Dining Textiles
8.2.1.4. Living Room Textiles
8.2.1.5. Floor Coverings
8.2.1.6. Misc.
8.3. Asia Pacific Home Textile Market Outlook, by Distribution Channels Type, Value (US$ Mn), 2018 - 2030
8.3.1. Key Highlights
8.3.1.1. E-Commerce
8.3.1.2. Direct Selling
8.3.1.3. Offline
8.4. Asia Pacific Home Textile Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
8.4.1. Key Highlights
8.4.1.1. China
8.4.1.2. Japan
8.4.1.3. South Korea
8.4.1.4. India
8.4.1.5. Southeast Asia
8.4.1.6. Rest of Asia Pacific
8.4.2. BPS/Market Attractiveness Analysis
9. Latin America Home Textile Market Outlook, 2018 – 2030
9.1. Latin America Home Textile Market Outlook, by Materials, Value (US$ Mn), 2018 - 2030
9.1.1. Key Highlights
9.1.1.1. Cotton
9.1.1.2. Linen
9.1.1.3. Wool
9.1.1.4. Polyester
9.1.1.5. Rayon
9.1.1.6. Blended
9.1.1.7. Misc.
9.2. Latin America Home Textile Market Outlook, by Application, Value (US$ Mn), 2018 - 2030
9.2.1. Key Highlights
9.2.1.1. Bed Textiles
9.2.1.2. Bath Textiles
9.2.1.3. Kitchen & Dining Textiles
9.2.1.4. Living Room Textiles
9.2.1.5. Floor Coverings
9.2.1.6. Misc.
9.3. Latin America Home Textile Market Outlook, by Distribution Channels Type, Value (US$ Mn), 2018 - 2030
9.3.1. Key Highlights
9.3.1.1. E-Commerce
9.3.1.2. Direct Selling
9.3.1.3. Offline
9.4. Latin America Home Textile Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
9.4.1. Key Highlights
9.4.1.1. Brazil
9.4.1.2. Mexico
9.4.1.3. Rest of Latin America
9.4.2. BPS/Market Attractiveness Analysis
10. Middle East & Africa Home Textile Market Outlook, 2018 - 2030
10.1. Middle East & Africa Home Textile Market Outlook, by Materials, Value (US$ Mn), 2018 - 2030
10.1.1. Key Highlights
10.1.1.1. Cotton
10.1.1.2. Linen
10.1.1.3. Wool
10.1.1.4. Polyester
10.1.1.5. Rayon
10.1.1.6. Blended
10.1.1.7. Misc.
10.2. Middle East & Africa Home Textile Market Outlook, by Application, Value (US$ Mn), 2018 - 2030
10.2.1. Key Highlights
10.2.1.1. Bed Textiles
10.2.1.2. Bath Textiles
10.2.1.3. Kitchen & Dining Textiles
10.2.1.4. Living Room Textiles
10.2.1.5. Floor Coverings
10.2.1.6. Misc.
10.3. Middle East & Africa Home Textile Market Outlook, by Distribution Channels Type, Value (US$ Mn), 2018 - 2030
10.3.1. Key Highlights
10.3.1.1. E-Commerce
10.3.1.2. Direct Selling
10.3.1.3. Offline
10.4. Middle East & Africa Home Textile Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
10.4.1. Key Highlights
10.4.1.1. GCC
10.4.1.2. South Africa
10.4.1.3. Rest of Middle East & Africa
10.4.2. BPS/Market Attractiveness Analysis
11. Competitive Landscape
11.1. Company Market Share Analysis, 2021
11.2. Competitive Dashboard
11.3. Company Profiles
11.3.1. Welspun Group
11.3.1.1. Company Overview
11.3.1.2. Product Portfolio
11.3.1.3. Financial Overview
11.3.1.4. Business Strategies and Development
(*Note: Above details would be available for below list of companies based on availability)
11.3.2. Trident Group
11.3.3. Indo Count Industries
11.3.4. Shanghai Mercury Home Textile Company
11.3.5. YUYUE Home Textile Co., Ltd
11.3.6. Himatsingka Seide Ltd.
11.3.7. Fateh Group
11.3.8. Chinab Limited
11.3.9. Mohawk Industries, Inc.
11.3.10. The Zorlu Textiles Group
11.3.11. Dierig Holding AG
11.3.12. TIROTEX
11.3.13. De Le Cuona
12. Appendix
12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations
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2018 - 2022 |
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2023 - 2030 |
Value: US$ Million |
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Report Highlights |
Market Estimates and Forecast, Market Dynamics, Industry Trends, Textile Production Output, Trade Statistics, Competition Landscape, Materials-, Application-, Distribution Channels Type-, Region, Country-Wise Trends & Analysis, COVID-19 Impact Analysis (Demand & Supply), Key Market Trends. |
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