Top Emerging Trends Of Home Textiles Market Progress Forecast 2025Posted by Mrudula Anil Karmarkar on April 1st, 2022 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. 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 décor trends, frequent room makeovers, and short replacement cycles are the key factors responsible for the segment growth. Growing real estate market and improving standards of living have resulted in increased spending on home decoration and interior. This is also projected to be one of the key factors augmenting market growth over the forecast years. In addition, changing trends in home furnishing is expected to boost the market growth further. North America was the largest regional market in 2018 and is expected to maintain dominance over the forecast period. Countries, such as the U.S., the U.K., Germany, India, and China, witnessed an increased demand for home textiles due to rise in disposable income and rapid urbanization. In the U.S., average expenditure on household textile was USD 115 in 2017. Moreover, increased number of retail outlets and online portals are contributing to the market growth. To Request Sample Copy of this report, click the link: https://www.grandviewresearch.com/industry-analysis/home-textiles-market/request/rs1 Major market participants are investing more into R&D to fulfill the changing consumer demands and increase their product portfolio. Innovations, such as wood curtains and dyed fiber for UV protection, are also driving the global market. Key companies in this market include Welspun Group, Springs Global, New Sega Home Textiles, Ralph Lauren Corporation, Shenzhen Fuanna, Trident Group, Marvic Textiles, Shanghai Hometex, Honsun Home Textile Co. Ltd., and Hunan Mendale Hometextile Company Ltd. Home Textiles Market Report Highlights
Key companies in the market are Welspun Group, Springs Global, New Sega Home textiles, Ralph Lauren Corporation, Shenzhen Fuanna, Trident Group, Marvic Textiles, Shanghai Hometex, Honsun Home Textile Co.LTD, Hunan Mendale Hometextile Company Ltd. These manufacturers are focusing on R&D for the production of advanced products due to rising demand for modern and well-furnished living spaces. Grand View Research has segmented the global home textiles market on the basis of product, distribution channel: Home Textiles Product Outlook (Revenue, USD Billion, 2015 - 2025)
Home Textiles Distribution Channel Outlook (Revenue, USD Billion, 2015 - 2025)
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