DUBLIN, Sept. 12, 2023 /PRNewswire/ — The “Global Home Textile Market (by Category, Distribution Channel & Region): Insights & Forecast with Impact Analysis of COVID-19 (2022-2026)” report has been added to ResearchAndMarkets.com’s offering.
The global home textile market is on a growth trajectory, with an anticipated value of $112.82 billion by 2023, exhibiting a robust CAGR of 5.70% during the forecast period.
Key Market Segments:
- Category: The home textile market is divided into four segments: Bed Linen, Bath Linen, Carpet and Rugs, and Others. Bed Linen leads the market, driven by the increasing demand for luxury and designer bed linen with multiple functional benefits.
- Distribution Channel: The market is categorized into Retail Outlets and online channels. Retail outlets hold the majority share due to a better selling experience and catering to customer needs.
Geographic Coverage:
The global home textile market is divided into four regions: Asia Pacific, North America, Europe, and Rest of the world. Asia Pacific dominates the market, driven by factors like cheap labor and raw materials, changing customer preferences, and cross-cultural expansion.
Top Impacting Factors:
Growth Drivers:
- Growing Real Estate Sector: The real estate sector’s growth increases the demand for home textiles to complete home furnishing and decoration.
- Increase in Fabric Demand for Light Weight Products: Lightweight home textile products are in demand, boosting fabric requirements.
- Consumer Spending on Home Renovation and Decoration: Consumers are investing more in enhancing their homes.
- Rise in E-commerce: E-commerce platforms offer a convenient way to purchase home textiles.
Challenges:
- High Cost of Logistics: Managing logistics for textile products can be costly, impacting profitability.
- Threat from Counterfeit Products: The market faces the challenge of counterfeit home textile items.
Trends:
- Eco-Friendly Home Furnishing: Consumers are favoring eco-friendly products, leading to the use of natural fibers and sustainable materials.
- Increased Demand for Non-Woven Fabric: Non-woven fabric products are gaining popularity.
- Innovations: The market is witnessing innovations in home textile products.
Analysis of Key Players:
- American Textile Company, Inc.
- Franco Manufacturing Company
- Ralph Lauren Corporation
- Shanghai LUOLAI Home Textile Co, Ltd
- Shanghai Shuixing Home Textile Co., Ltd.
- Shenzhen Fuanna Bedding and Furnishing Co, Ltd
- Springs Global S.A
- Sunvim Group Company
- Trident Group
- Welspun India Ltd
For more information about this report visit https://www.researchandmarkets.com/r/461hyk
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SOURCE Research and Markets
