Global Home Textiles Market by Distribution Channel (Retail Outlet, Online), by Product (Bathroom Linen, Bedroom Linen, Carpets & Floor Covering) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global home textiles market was worth USD 94.73 Billion in 2018. It is projected to grow at a CAGR rate of 5.01% between 2019 and 2025. The global market is expected to grow due to the increasing awareness of changing home decor trends and growth in the end-use sector, such as residential.

The growing real estate market has led to increased interior and home decoration spending. Market growth is expected to increase due to this factor. Market growth will also be boosted by changing trends in home furnishing.

In 2018, North America was the largest region market and it is expected to continue its dominance in the future. Due to rapid urbanization and rising disposable income, countries such as China, India, Germany, India and the U.K. saw an increase in demand for home textiles. The average household textile expenditure in the United States was USD 115 in 2017. The market is also growing due to an increase in the number of online and retail outlets.

To meet changing consumer needs and expand their product range, market leaders are increasing their R&D investments. The global market is also driven by innovations such as dyed fibers for UV protection and wood curtains. Welspun Group and Springs Global are key players in this market.

Product Insights

With a market value of USD 32.13 trillion in 2018, the bedroom linen segment dominated the global market. The market's top-selling products were blankets, pillows, cushion and cushion covers. This helped to maintain its dominant position. Major manufacturers focus on mattresses that provide better comfort, as well as curtains and bedspreads that have special features.

Bathroom linen is predicted to grow at a rate of 5.02% during the forecast period. Bathroom linen products will be in high demand due to the constant innovation. Welspun India, for instance, has invested in a special material that can regulate the temperature and soften towels after use.

Distribution Channel Insights

In 2018, 65.43% of all distribution channels were retail outlets, accounting for 65.43%. Retail outlets allow customers to inspect the product before purchasing, which greatly influences their decision. These outlets also offer assistance to customers in choosing the right product. These factors contributed to the segment's growth.

Online distribution channels are expected to experience the highest CAGR at 4.31% between 2019 and 2025. Companies are looking to reach a wider consumer base by partnering with online retailers and launching their own e-portals. Alibaba, for example, partnered with five of the most prominent home textile companies. Tmall.com also partnered with Fauna and Mendale, Luolai and Shuixing. Welspun India launched an internet portal several years ago that covers a range of carpet, bed, and bath products.

Regional Insights

North America accounted for the largest market share, with 43.15% of the total in 2018. The largest market share of the U.S. was 43.15% in 2018. This is due to higher living standards and greater purchasing power. The region is home to a growing number of manufacturers and sellers, which has resulted in a greater variety and easier availability of luxurious home textile products.

Continual innovation in this field will further boost regional growth. New Saga Home Textile has come up with the bed-in-a bag concept. Asia Pacific is the largest exporter of these products. It is projected to also be the fastest-growing market because of rising consumer disposable income and the growth of the real estate sector.

Market Share Insights & Key Companies

Welspun Group and Springs Global are key players in this market. Due to the rising demand for well-furnished and modern living spaces, these manufacturers are investing in R&D.

Home Textiles Market Report Scope

The Report Covers Certain Segments

This report predicts revenue growth and volume growth at the global, regional and country level. It also provides analysis of industry trends for each sub-segment from 2015 to 2025. Up Market Research has divided the global home textiles market report by product, distribution channel and region.

• Product Outlook (Revenue, USD Billion, 2015 - 2025)

  • Bedroom Linen

  • Bathroom Linen

  • Carpets and floor coverings

  • Other

• Distribution Channel Outlook (Revenue USD Billion, 2015-2025)

  • Retail Outlets

  • Online

• Regional Outlook (Revenue USD Billion, 2015-2025)

  • North America

    • The U.S.

  • Europe

    • The U.K.

    • Germany

  • Asia Pacific

    • China

    • India

  • Central & South America

  • Middle East & Africa

These are the most frequently asked questions about this report

b. Global home textiles market was valued at USD 99.35 Billion in 2019, and is forecast to grow to USD 104.25 Billion by 2020.

b. Global home textiles sales are expected to increase at a compound annual rate of 5.0% between 2019 and 2025, reaching USD 133.37 trillion by 2025.

b. With a 43.1% share in 2019, North America was the dominant market for home textiles. This can be attributed to rising disposable incomes and increased consumer spending on home furnishing.

b. Welspun Group and Springs Global are some of the key players in the home textiles industry.

b. The key factors driving home textiles market growth are the growth in end-use segments, such as residential and hospitality, and the growing awareness of changing home decor trends.

Up Market Research published a new report titled “Home Textiles Market research report which is segmented by Distribution Channel (Retail Outlet, Online), by Product (Bathroom Linen, Bedroom Linen, Carpets & Floor Covering), By Players/Companies Springs Global, Hunan Mendale Hometextile Company Ltd, Ralph Lauren Corporation, Welspun Group, Marvic Textiles, New Sega Home Textiles, Trident Group, Shenzhen Fuanna, Shanghai Hometex, Honsun Home Textile Co Ltd”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Home Textiles Market Report Segments:

The market is segmented by Distribution Channel (Retail Outlet, Online), by Product (Bathroom Linen, Bedroom Linen, Carpets & Floor Covering).

Home Textiles Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Home Textiles Market

Overview of the regional outlook of the Home Textiles Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Home Textiles Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Home Textiles Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Retail Outlet

                2. Online

                1. Bathroom Linen

                2. Bedroom Linen

                3. Carpets & Floor Covering

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Home Textiles Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Home Textiles Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.