The report “Home Textile Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,” published by IMARC Group, a renowned market research firm, was released recently. The study offers a thorough analysis of the sector, covering the size, share, growth forecast, and trends of the worldwide home textile market. Along with competition and geographical analysis, the study also showcases the most recent developments in the industry.
Highlights of the Report:
How large is the market for home textiles?
The market for home textiles was valued at US$ 125.6 billion worldwide in 2023. The IMARC Group projects that the market will expand at a compound annual growth rate (CAGR) of 5.02% from 2024 to 2032, reaching US$ 195.3 billion.
Factors Influencing the Home Textile Industry’s Growth:
Consumer Spending on Home Renovation Is Growing:
The increase in consumer spending on house remodeling is indicative of a rising desire for individualized living environments that balance comfort, style, and usefulness. Homeowners are investing more on fine home textiles to improve their living spaces as disposable incomes rise, particularly in industrialized economies. The urge to design environments that enhance overall quality of life, reflect personal taste, and offer comfort is what’s driving this trend. Incorporating eco-friendly and technologically advanced fabrics is part of the remodeling wave, which goes beyond merely aesthetic enhancements to reflect broader cultural movements towards sustainability and innovation.
Raising Conscience About Sustainable Textiles:
The home textile business has made sustainability a pillar thanks to a rise in customer awareness of environmental issues throughout the world. The increasing demand for textiles made of environmentally friendly materials, the acceptance of green certifications, and ethical production methods are all signs of this change. As a result of growing consumer awareness of how their purchases affect the environment, consumers are choosing high-quality, long-lasting products with smaller carbon footprints. In order to meet customer expectations and the more general environmental goals, the industry has responded by innovating in the areas of recycling, organic materials, and sustainable sourcing.
Technological Progress in the Manufacturing of Textiles:
Technological developments are revolutionizing the home textile market by allowing producers to create creative, long-lasting, and high-quality items more quickly and at a reduced cost. Modern manufacturing processes are being transformed by cutting-edge technologies like 3D printing, automated weaving machines, and AI-driven design tools, which increase productivity and provide more customisation options. These developments make it easier to produce textiles with greater properties, such stronger fabric, increased water resistance, and even the ability to monitor health. As technology develops further, it creates new opportunities for home textile design and production that meet the constantly shifting needs of consumers.
Segmentation of the Home Textile Market Report:
Segmentation by Product:
- Upholstery; • Kitchen; • Bathroom; • Bed linens; • Others
Because of its vital role in daily comfort, frequent need for replacement or upgrading, and the extensive range of design and material options that satisfy a wide range of consumer tastes, bed linens comprise the largest product segment in the home textile market.
Segmentation Based on Type of Fabric:
Wool, silk, cotton, polyester, and other materials
Because of its strength, low maintenance requirements, affordability, and adaptability, polyester dominates the fabric market and is a preferred material for both makers and consumers.
Division By Channel of Distribution:
Supermarkets and hypermarkets; specialty stores; others; online
In the home textile industry, the offline segment leads the distribution channel since buyers frequently want to physically inspect the fabric’s quality, texture, and color before making a purchase, particularly when buying beds, curtains, and upholstery.
Division by Area:
- North America (Canada, the United States)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, and Others) • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and Others)
- Latin America (other than Mexico and Brazil)
- Africa and the Middle East
Due to the region’s enormous population, rising disposable incomes, fast urbanization, and growing influence from traditional and local textile patterns that appeal to both domestic and foreign buyers, Asia Pacific is identified as the largest market in the regional segmentation.
Trends in the Global Home Textile Market:
A number of reasons, such as growing consumer expenditure on home renovation, growing consumer awareness of sustainable textiles, and technological improvements in textile manufacturing, are driving a dramatic transition in the worldwide home textile industry. Additionally, the growing real estate industry and a trend toward luxury and premium textile items, particularly in emerging economies, are driving demand for home textiles and driving market growth. The explosion of e-commerce has further energized the market by facilitating customer access to a vast array of textiles from around the globe.
