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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Home Textiles
Market Report Highlights
- 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
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Home Textiles
Market Segmentation
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
- U.S.
- Europe
- U.K.
- Germany
- Asia Pacific
- China
- India
- 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.
For more info visit @ https://www.grandviewresearch.com
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