The 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.
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https://www.grandviewresearch.com/industry-analysis/home-textiles-market
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
Grand View Research has segmented the
global home textiles market on the basis of product, distribution channel, and
region:
Home Textiles Product Outlook
(Revenue, USD Billion, 2015 - 2025)
·
Bedroom Linen
·
Bathroom Linen
·
Carpets and Floor Coverings
·
Others
Home Textiles Distribution Channel
Outlook (Revenue, USD Billion, 2015 - 2025)
·
Retail Outlets
·
Online
Home Textiles Regional Outlook
(Revenue, USD Billion, 2015 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports,
customized research reports, and consulting services. To help clients make
informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.