Market Overview:
Home textile industry having large trade fair for contract textiles. The changing economic situation and uncertainty in the retail sector. As the market of textile is based on the production and raw materials. The strength of this market is a strong production base with a wide range of fiber from nature’s fibers. India has the largest exporter to the United States and Europe also. The major competition is between India, Pakistan, and Bangladesh. As India supply major ration of cotton towel exports. The United States textiles market is under pressure from few years led by sluggish demand and customer shifting towards online channels, which makes inventory losses. As rising consumers towards online push retailers to make a change in their business models. The United States and Europe are major end markets of textiles markets and having a high concentration of Indian players. There are various government policies are for support of textiles markets such as Amended technology up-gradation fund scheme, Merchandise export scheme, Duty Drawback, rebate on state levies, and others.
United States is projected to be the fastest-growing market, expanding at a CAGR of
% from 2022 to 2028.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Rubelli (Italy), Etro Home (Italy), Ralph Lauren Corporation (United States), Missoni (Italy), Nina Campbell (England), Antico Setificio Fiorentino (Italy), Jim Thompson (Thailand), de Le Cuona (United Kingdom), Christian Fischbacher (Switzerland) and Shaw Industries (United States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region or narrow down segments in the final scope subject to feasibility |
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Key Vendors of Luxury Home Textile Market Study:
Rubelli (Italy), Etro Home (Italy), Ralph Lauren Corporation (United States), Missoni (Italy), Nina Campbell (England), Antico Setificio Fiorentino (Italy), Jim Thompson (Thailand), de Le Cuona (United Kingdom), Christian Fischbacher (Switzerland) and Shaw Industries (United States)
Luxury Home Textile Market Segment Analysis
Scope | Sub-Segments |
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Application / End User | Home, Hotel, Home Textile, Hospital, Wedding and Bedding |
Type | Bed Linen, Bath Linen, Kitchen Linen, Curtains, Upholstery and Others |
Sales Channels | Online Sales,Offline Sales |
Pattern | Printed,Plain Dyed,Embroidered,Yarn-Dyed,Patchwork,Applique,Flocked,Dyed |
Materials | Cotton,Microfiber Fabric,Polyester,Bamboo Fiber,Silk,Wood,Linen |
Features | Disposable,Shrink-Resistant,Eco-Friendly,Waterproof |
Influencing Trend:
Advancement in Infrastructure Related To Textile Machinery, Transport and Power, Rising Consumption Trend towards Branded Domestic and Global Products and Strong Demand from Hospital Sector for Soft Furnishing
Market Growth Drivers:
Changing Consumer Behaviour, Increasing Number of Home Textile Manufacturers, Increasing Government Initiatives for Supporting Private Initiatives and Lateral Consolidation of Players through Organic and Inorganic Growth Domestically and Internationally
Challenges:
Lack of Advanced Technology and Costly Skilled Manpower
Restraints:
Rising Cost of Raw Materials
Opportunities:
Increasing Wealth of the Upper Middle and High Income Strata, High Growth of Retail Culture in Countries like India and China and Growing Youth Population across the Globe
Some of the other players that are also part of study are Welspun India Ltd (India), Springs Global (Brazil), Luxury Home Textile, Inc. (United States), Luolai Home Textile (China) and Shuixing Home Textile (China). The Global Luxury Home Textile market is gaining huge competition due to involvement of Italy companies that constantly invest in research & development to meet market expectation with new innovation.
In Nov 2018, Standard textile Co. announced the acquisition of the global hospitality business of Mascioni SPA of Italy, for getting the biggest names in Italian textiles. Through this Standard textiles, the design enhances its portfolio to meet the needs of a luxury hotel customer. And also accelerate its distribution network globally.
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Luxury Home Textile market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Luxury Home Textile market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the reports scope. In order to make a priority list sorting is done based on revenue generated based on the latest reporting with the help of paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Luxury home textiles Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.