Home Textiles Market Size, Share, Growth, Trends and Industry Analysis Report
by Susan Hill Business ConsultantThe
global home textiles market size is expected to reach at
USD 133.4 billion by 2025 registering a CAGR of 5.01%, according to a new
report by Grand View Research, Inc. High demand for home textiles due to
increasing disposable income and improved living standards is driving the
global market. In addition, rapidly expanding real estate market is expected to
boost the market growth from 2019 to 2025.
Adoption of
western culture in developing regions of Asia Pacific is also expected to
propel market growth. Moreover, rising awareness about the benefits and comfort
of these stylish home textiles will also contribute to the market development.
The retail outlets distribution channel segment led the global market in 2018;
whereas, the online segment is projected to witness the fastest CAGR of 4.31%
over the forecast period.
Shopwelsun.in
and Alibaba are some of the major online portals for home textiles. Bedroom
linen product segment held the highest market share in 2018. This segment
includes curtains, bed spreads, cushion and cushion covers, and others. On the
other hand, the demand for bathroom linen is projected to witness a CAGR of
5.02% from 2019 to 2025. Changing home décor trends, frequent room makeovers,
and short replacement cycles are the key factors responsible for the segment
growth.
Further
key findings from the study suggest:
- In terms of revenue, bathroom
linen is expected to register a CAGR of 5.02% from 2019 to 2025 followed
by carpet and floor coverings at a CAGR of 4.99%
- Bedroom linen led the global
market in 2018 and is projected to expand further at a healthy CAGR from
2019 to 2025
- North America dominated the home
textiles market in 2018 and is projected to continue dominance over the
next few years
- Growing demand from the Asia
Pacific region on account of increased awareness and changing taste and
preference for home decor
- The market is highly competitive
with the strong presence of top companies including Welspun Group, Springs
Global, New Sega Home textiles, and Ralph Lauren Corporation
- Most of the manufacturers focus
on new product development and capacity expansion to estimate the existing
and future demand patterns
Access
full research report on global home textiles market:
www.grandviewresearch.com/industry-analysis/home-textiles-market
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Created on Nov 23rd 2019 00:29. Viewed 330 times.