Overview and Scope
Home textiles refer to fabrics and clothes used specifically for furnishing a residence, comprising a variety of functional and decorative products for the internal environment. They are made from both natural and man-made fibers, and sometimes these fibers are blended to make the fabrics stronger.
Sizing and Forecast
The home textile market size has grown strongly in recent years. It will grow from $122.27 billion in 2023 to $130.92 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to increasing patient admissions, focus on patient flow optimization, regulatory compliance requirements, integration with electronic health records (ehrs), rise in healthcare facility capacity.
The home textile market size is expected to see strong growth in the next few years. It will grow to $164.2 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to focus on patient-centric care, implementation of artificial intelligence (ai), real-time location systems (rtls) advancements, emphasis on infection control, population health management strategies. Major trends in the forecast period include advancements in healthcare technology, real-time location systems (rtls) integration, cloud-based solutions, patient flow optimization, mobile applications for bed requests.
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Segmentation & Regional Insights
The home textile market covered in this report is segmented –
1) By Product: Bedroom Linen, Bathroom Linen, Kitchen Linen, Carpets and floors Coverings
2) By Material: Polyester, Cotton, Silk, Wool, Other Materials
3) By Distribution channel: Offline, Online
4) By End-User: Residential, Commercial
Asia-Pacific was the largest region in the home textile market in 2023. The regions covered in the home textile market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growing demand for home aesthetic improvement is expected to propel the growth of the home textile market going forward. Home aesthetic improvement refers to the process of enhancing the appearance of a home to make it more visually appealing and inviting. Home textiles are used in home aesthetic improvement projects to enhance the architectural features of the house by incorporating curtains, textured tablecloths, and cushions on sofas and armchairs for transforming spaces and shaping the overall vibe. For instance, in May 2023, according to a survey on 2,000 US homeowners by Slickdeals, a US-based deal-sharing community, around 69% of homeowners are embarrassed to have people at their houses because of the aesthetic choices, and 78% have planned for home improvement projects. Further, homeowners are planning to spend an average of $1753 on home improvement projects. Therefore, the growing demand for home aesthetic improvement is driving the growth of the home textile market.
Key Industry Players
Major companies operating in the home textile market report are Mohawk Industries Inc., Nitori Holdings Co. Ltd. , Ralph Lauren KBE, Leggett & Platt Inc., Williams-Sonoma Inc., John Lewis & Partners , American Signature Inc. , Mannington Mills Inc., Kimball International Inc., Laura Ashley Holdings Plc, Inter IKEA Systems B.V., American Textile Company, Hunan Mendale Hometextile Company Ltd., ShenZhen Fuanna Bedding and Furnishing Co. Ltd., Companhia de Tecidos Norte de Minas-Coteminas, WestPoint Home Inc., Parachute Home , Trident Ltd., Welspun India Ltd., Boll & Branch LLC, Springs Global Participacoes SA, Jaipur Rugs Company Pvt. Ltd., Cotton Incorporated , Peacock Alley Inc., Vescom B.V., Marvic Textiles Limited, New Sega Home Textiles Inc., Sheets & Giggles Inc., The Company Store , URBANARA GmbH</b
The home textile market report table of contents includes:
1. Executive Summary
2. Home Textile Market Characteristics
3. Home Textile Market Trends And Strategies
4. Home Textile Market – Macro Economic Scenario
5. Global Home Textile Market Size and Growth
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32. Global Home Textile Market Competitive Benchmarking
33. Global Home Textile Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Home Textile Market
35. Home Textile Market Future Outlook and Potential Analysis
36. Appendix
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