The global home textiles market size is anticipated to grow at USD 133.4 billion by 2025 to expand at a CAGR of 5.01%. 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. Bedroom linen product segment held the highest market share in the recent past. This segment includes curtains, bed spreads, cushion and cushion covers, and others. Changing home décor trends, frequent room makeovers, and short replacement cycles are the key factors responsible for the segment growth.
As the pandemic continues in 2021, many companies have offered the choice of work from home. Simultaneously, home schooling is an upcoming trend in education sector. Therefore, as the trend of work from home continues working professionals are choosing work-from-home collection over traditional formal clothing. It includes a collection of formal top wear with a casual bottomwear. The trend has already gained a huge traction in 2020 and several clothing and apparel companies have estimated to add more traction to this trend adhering to the shift in work cultures.
Home Textiles Market Report Highlights
• 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%
• 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
• Most of the manufacturers focus on new product development and capacity expansion to estimate the existing and future demand patterns
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Home Textiles Market Segmentation
Grand View Research has segmented the global home textiles market on the basis of product, distribution channel, and region:
Home Textiles Product Outlook (Revenue, USD Billion, 2015 – 2025)
• Bedroom Linen
• Bathroom Linen
• Carpets and Floor Coverings
Home Textiles Distribution Channel Outlook (Revenue, USD Billion, 2015 – 2025)
• Retail Outlets
Home Textiles Regional Outlook (Revenue, USD Billion, 2015 – 2025)
• North America
• The U.S.
• The U.K.
• Asia Pacific
• Central and South America
• Middle East & Africa
List of Key Players of Home Textiles Market
• Welspun Group
• Springs Global
• New Sega Home Textiles
• Ralph Lauren Corporation
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