June 6, 2019: The global home textiles market size is expected to reach at USD 133.4 billion by 2025 registering a CAGR of 5.01%, according to a new report by Grand View Research, Inc. High demand for home textiles due to increasing disposable income and improved living standards is driving the global market. In addition, rapidly expanding real estate market is expected to boost the market growth from 2019 to 2025.
Adoption of western culture in developing regions of Asia Pacific is also expected to propel market growth. Moreover, rising awareness about the benefits and comfort of these stylish home textiles will also contribute to the market development. The retail outlets distribution channel segment led the global market in 2018; whereas, the online segment is projected to witness the fastest CAGR of 4.31% over the forecast period.
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Shopwelsun.in and Alibaba are some of the major online portals for home textiles. Bedroom linen product segment held the highest market share in 2018. This segment includes curtains, bed spreads, cushion and cushion covers, and others. On the other hand, the demand for bathroom linen is projected to witness a CAGR of 5.02% from 2019 to 2025. Changing home decor trends, frequent room makeovers, and short replacement cycles are the key factors responsible for the segment growth.
Further key findings from the study suggest::
- In terms of revenue, bathroom linen is expected to register a CAGR of 5.02% from 2019 to 2025 followed by carpet and floor coverings at a CAGR of 4.99%
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- Bedroom linen led the global market in 2018 and is projected to expand further at a healthy CAGR from 2019 to 2025
- North America dominated the home textiles market in 2018 and is projected to continue dominance over the next few years
- Growing demand from the Asia Pacific region on account of increased awareness and changing taste and preference for home decor
- The market is highly competitive with the strong presence of top companies including Welspun Group, Springs Global, New Sega Home textiles, and Ralph Lauren Corporation
- Most of the manufacturers focus on new product development and capacity expansion to estimate the existing and future demand patterns
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Synopsis:With reference to the report published by the experts the scope of the global Home Textiles Market was appreciated at US$ 94.73 billion in 2018.
It is estimated to touch US$ 133.4 billion during the forecast period with a CAGR of 5.01% during the period of 2019 to 2025.Drivers:Development in end-use segments, for example residential and hospitality, together with the increasing attentiveness regarding altering inclinations of home-based interior decoration is expected to motivate the global home textiles industry.
Increasing sector of real estate and refining criterions of living style have caused in an augmented expenditure on homebased beautification and interior.
Similarly, this expected to be one of the important features boosting the development during the years of forecast.
Increasing concentration by governments and promising supervisory strategies are likely to be one of the most important motives for the development.
Improvement in inclinations of style and thoughtfulness concerning domestic furnishing is furthermore projected to enhance the development.Restraints:On the other hand, there are, some reasons those are detaining the development.
With reference to the report published by the experts the scope of the global Home Textiles Market was appreciated at US$ 94.73 billion in 2018.
It is estimated to touch US$ 133.4 billion during the forecast period with a CAGR of 5.01% during the period of 2019 to 2025.
Increasing sector of real estate and refining criterions of living style have caused in an augmented expenditure on homebased beautification and interior.
Similarly, this expected to be one of the important features boosting the development during the years of forecast.
Bioengineers along with biologists, nanotechnologists, physicians and other specialties are working upon connecting tissues and potential organs or scaffolds made of biological materials to resemble cartilage, bone and other structure that supports tissue and organ growth.
On a commercial scale, many scientists are utilizing Home Textiles approaches to rebuild stem cells and tissues and in some clinical trials, practicing novel therapies is a gateway to modern way of treating degenerative diseases.
The growth and development of Global Home Textiles Market Report 2020-2026 by Players, Regions, Type, and Application, forecast to 2026 provides industry analysis and forecast from 2020-2026.
Global Home Textiles Market analysis delivers important insights and provides a competitive and useful advantage to the pursuers.
The data chart is also backed up by using statistical tools.Simultaneously, we classify different Home Textiles markets based on their definitions.
Downstream consumers and upstream materials scrutiny are also carried out.
Each segment includes an in-depth explanation of the factors that are useful to drive and restrain it.
Report is a complete, proficient and in-depth research of Home Textiles that conveys critical information for those who are seeking information for the industry.
Home Décor textiles are used for home furnishing such as curtains, wall covers, covers, table cloths etc.
and these textiles are taking on human desire and strive for better adobe with good in-house ambience and comfort levels.
They are attractive, durable and washable.
Most common Home Décor products include Bed sheets, Pillow covers, Cushion and cushion covers, Carpets and rugs, Wall hangings, Table cloth, Doormats etc.The world home decor market is segmented on the basis of Products- Furniture, Living & Bedroom, Bathroom, Showpieces, Textiles, Rugs textiles, Bath textiles, Bed textiles, Kitchen & dining textiles, Living room textiles, Floor coverings, Carpets, Doormats; on the basis of Geography- North America, Europe, Asia Pacific, LAMEA.Desire for better living and lifestyle with vivid colourful options, materials and solutions are the main key drivers of the Home Textile Décor.
They need limited maintenance and are washable too, that means after every wash they can be like new one.
These factors are the main key growth drivers of the Textile Home Décor Market.The day by day progressing technologies are opening new doors for the innovation in textile industry.
