Retail Home Textile Market Scope
Home textiles are used for home furnishing in residential as well as commercial applications. The availability of home textile products such as bed linens, bathroom linens, kitchen linens, table linens carpets, and floor coverings, and others as a vital part of daily lifestyle has increased demand for the retail home textile globally. The boom of online selling of home textile by vendors and increased number of retail outlets is expected to drive the global retail home textile market in the coming years.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Walmart (United States), Amazon.com (United States), Target Corporation (United States), Kohl’s (United States), Ross Stores, Inc. (United States), TJ Maxx (United States), Costco Wholesale Corporation (United States), J. C. Penney Corporation (United States), Bed Bath & Beyond Inc. (United States), Dillard's Inc. (United States), Kroger (United States), Lowe’s Cos Inc (United States), Inter IKEA Systems B.V.( Netherlands), Tesco PLC (United Kingdom), Steinhoff International (South Africa) and Wayfair (United States) |
CAGR | % |
The retail home textile market is fragmented due to the presence of several retailers offering home textile products at local and international platform. The level of competition among the companies in the retail home textile market is intense and retailers focus on providing better quality products in lesser cost as well as discounts to attract more customers. Research Analyst at AMA estimates that Global Vendors will contribute to the maximum growth of Global Retail Home Textile market throughout the predicted period.
Walmart (United States), Amazon.com (United States), Target Corporation (United States), Kohl’s (United States), Ross Stores, Inc. (United States), TJ Maxx (United States), Costco Wholesale Corporation (United States), J. C. Penney Corporation (United States), Bed Bath & Beyond Inc. (United States), Dillard's Inc. (United States), Kroger (United States), Lowe’s Cos Inc (United States), Inter IKEA Systems B.V.( Netherlands), Tesco PLC (United Kingdom), Steinhoff International (South Africa) and Wayfair (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Retail Home Textile market by Type , by Application (Residential (Home Bedding, Kitchen, Upholstery, Personal Apparels, Others) and Commercial (Hotels/Resorts, Offices, Shops, Others)) and Region with country level break-up.
On the basis of geography, the market of Retail Home Textile has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In 2016, Welspun India enters the luxury segment in home textile with UK-based brand Christy, through its subsidiary Welspun Retail. Christy, best described as England’s original luxury towel manufacturer, was acquired by Welspun India in 2006, marking its entry into the premium home textile segment in Europe.
Influencing Trend:
Demand For Digitally Printed Home Textiles
Market Growth Drivers:
Increasing Demand From Residential Users Due To Increasing Nuclear Families and Inclination Towards Modernizing Home Interior
Challenges:
Increase In Demand For Eco-Friendly Home Textile Products
Restraints:
Volatility Of Raw Material Prices
Opportunities:
Rising Disposable Income, Growing Preference For Online Shopping and Availability Of Potential Consumers In Emerging Countries