Industry Background:
Home Textile is a flexible woven material containing of a network of natural or artificial fibres frequently referred to as thread or yarn. Yarn is formed by spinning raw fibers of wool, flax, cotton, or other material to form long strands. Textiles are made by weaving, knotting, knitting, crocheting, or pressing fibres together. Nowadays, home textile products have surfaced as most attractive & fashion sensitive segments in the overall textile market. Increasing consumer purchasing power has boosted the demand for the home textile products such as cutains, bed linen & bed spread, bath/toilet linen, kitchen linen, upholstery, floor and others.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia-Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Welspun Group (India), Hilding Anders AB (Sweden), Dunlopillo World (Malaysia), Dorel Industries Inc. (Canada), COCO-MAT (Greece), Breckle GmbH Mattress Factory (Germany), Serta Simmons Bedding, LLC (United States), Beco Industries (Canada), Sealy Corporation (United States) and Springs Global (Brazil) |
According to AMA, the market for Home Textiles is expected to register a CAGR of 9.84% during the forecast period to 2030. This growth is primarily driven by Increasing Infrastructure Investment in Asian Region, Rising Urbanization and Growing Housing Affordability Index.
Globally, a noticeable market trend is evident Growing Demand for Cotton Home Textiles
The Textiles sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Welspun Group (India), Hilding Anders AB (Sweden), Dunlopillo World (Malaysia), Dorel Industries Inc. (Canada), COCO-MAT (Greece), Breckle GmbH Mattress Factory (Germany), Serta Simmons Bedding, LLC (United States), Beco Industries (Canada), Sealy Corporation (United States) and Springs Global (Brazil), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Welspun Group, one of the global leader in home textiles, is gradually expanding into flooring solutions, e-commerce, advanced textiles, hospitality as well as wellness that offer significant future growth opportunities. The company is also actively working on opportunities in technical as well as advanced textiles. These strategies are likely to support the company to remain competitive n the market over the near future.
Key Developments in the Market:
In June 2022, U.S. bedding company Coop Home Goods partnered with Textile Exchange to source more sustainable cotton for their products
In April 2021, Ikea, the world's largest furniture retailer, launched a new line of self-cleaning air-purifying curtains called GUNNAR
Influencing Trend:
Growing Demand for Cotton Home Textiles and Increasing Inclination towards Interior Decoration
Market Growth Drivers:
Increasing Infrastructure Investment in Asian Region, Rising Urbanization and Growing Housing Affordability Index
Challenges:
Statutory Requirements
Restraints:
Increasing Input Costs
Opportunities:
Emergence of New Technologies and Increasing Residential Construction in Asia-Pacific Region
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions 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.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Home Textiles Market
- Analysis about New Entrants in Home Textiles Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Home Textiles Study Sheds Light on
The Home Textiles Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Home Textiles industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Home Textiles industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.