The Global Home Textile Market Size and Trends Analysis with Forecast 2024–2033 is a detailed research that was recently produced by the Business Research Company. The most recent market research study provides a plethora of insightful information, including competitor market share, geographical shares, and the size of the global market. It also discusses upcoming prospects, market trends, and crucial information for success.
The size of the home textile market is anticipated to rise significantly over the next several years, according to The Business Research Company. By 2028, it will have increased to $164.2 billion, with a 5.8% compound annual growth rate (CAGR). The emphasis on infection control, the use of artificial intelligence (AI), the development of real-time location systems (RTLs), and population health management techniques are all factors contributing to the rise in the projected period. Major developments in the forecast period include advancements in healthcare technology, real-time location systems (rtls) integration, cloud-based solutions, patient flow optimization, mobile applications for bed requests.
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Market Trends and Drivers:
The market for home textiles is anticipated to expand in the future due to the rising need for bettering the aesthetics of homes. The practice of improving a home’s look to make it more aesthetically pleasing and welcoming is known as “home aesthetic improvement.” With the use of curtains, textured tablecloths, and cushions on couches and armchairs, home textiles may be utilized to change rooms and create a particular atmosphere, thus enhancing the architectural elements of the house.In May 2023, for example, a poll conducted by the US-based deal-sharing community Slickdeals, among 2,000 US homeowners, revealed that roughly 69% of homeowners feel embarrassed to host guests due to their homes’ aesthetic choices, and 78% have planned home repair initiatives. In addition, homeowners anticipate spending $1753 on improvements to their homes on average. Therefore, the increased desire for home aesthetic enhancement is driving the expansion of the home textile market.
Large players in the home textile industry are creating cutting-edge solutions that take advantage of cutting-edge technologies, such RESTech COTTON technology, to solve important issues like sustainability, moisture control, and durability in cotton bedding. With the addition of RESTech COTTON technology, cotton’s natural thermoregulating qualities are improved, providing cool comfort and remarkable durability.For example, US-based non-profit Cotton Incorporated introduced RESTech COTTON technology in September 2023, marking a major breakthrough in cotton bedding. It is made to be remarkably soft and comfortable while retaining its ability to hold less moisture and dry faster. Because of these features, RESTech COTTON technology is a noteworthy development in cotton bedding and provides a more pleasant and environmentally friendly substitute for conventional cotton sheets.
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Principal Entities in the Market:
Mohawk Industries Inc., Ralph Lauren KBE, Leggett & Platt Inc., Williams-Sonoma Inc., John Lewis & Partners, American Signature Inc., Mannington Mills Inc., Kimball International Inc., Laura Ashley Holdings Plc, Inter IKEA Systems B.V., American Textile Company, Hunan Mendale Hometextile Company Ltd., ShenZhen Fuanna Bedding and Furnishing Co. Ltd., Companhia de Tecidos Norte de Minas-Coteminas, WestPoint Home Inc., Parachute Home, Trident Ltd., Welspun India Ltd., Boll & Branch LLC, Springs Global Participacoes SA, Jaipur Rugs Company Pvt. Ltd., Cotton Incorporated, Peacock Alley Inc., Vescom B.V., Marvic Textiles Limited, New Sega Home Textiles Inc., Sheets & Giggles Inc., The Company Store, URBANARA GmbH
Key Insights for the Home Textile Market 2024:
- The home textile market is projected to expand at a compound annual growth rate (CAGR) of 5.8% to reach $164.2 billion in 2028.
- The vanadium market is growing due to two factors: the increasing need for large-scale energy storage and the growing emphasis on product advancement to get maximum revenues.
- In terms of home textile sales, Asia-Pacific was the largest region in 2023.
