Table Linen Market To Hit Value .7 Billion By 2025 |Grand View Research, Inc.
Posted by Mrudula Karmarkar on April 30th, 2020
The global table linen marketsize is expected to reach USD 12.7 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.2% over the forecast period. Growing inclination towards eco-friendly fibers, changing lifestyle patterns, and improved standard of living are expected to drive the market. Furthermore, increase in the number of fast food and restaurant chains across the globe is expected to fuel the market growth over the next few years. Growing real estate market and increasing consumer spending on home decoration and interior are some of the factors anticipated to drive the global market.
The home care & decor industry has been witnessing inconsistent growth, since the Covid 19 outbreak. As a result of the ongoing pandemic crisis, there has been a drop in the overall performance of discretionary products such as decorative fixtures, bedding products, to name a few. The virus outbreak has, however, led to substantial growth in categories such as cleaning and hygiene products. Prominent growth in the e-commerce business is also one of the positive influences of the outbreak, wherein companies are focusing on expanding their distribution networks to online channels in order to cater to the surging consumer demand. Our team is diligently working towards accounting these factors in our report with the aim of providing you with the up-to-date, actionable market information and projections.
Asia Pacific is expected to expand at the fastest CAGR of 4.7% from 2019 to 2025. This region is expected to witness a surge in demand due to growing awareness among the customers regarding improvement in dining aesthetics. Availability of table linen at a cheaper price is expected to remain prominent in boosting the market growth. The market is mainly driven by the presence of strongly developing economies such as China and India, wherein the spending power of the population is increasing.
North America dominated the market with a share of 34.5% in 2018. This growth is attributed to high purchasing power of the population in developed economies such as U.S. The market is anticipated to witness significant growth over the coming years due to the implementation of latest technologies and well established industrial infrastructure. Rising incorporation of table cloths in kitchen décor to enhance the aesthetic appeal is predicted to fuel the market growth.
Cotton accounted for more than 30.0% share of the overall revenue in 2018 owing to its significant properties such as high strength, color retention, and good absorbency. Rise in the number of cafes and restaurants globally has increased the usage of cotton based table cloths to add a more decorative interior. Artificial fibers are anticipated to register the fastest CAGR of 4.8% from 2019 to 2025. This growth is attributed to easy stain removal property and longer life offered by them.
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The residential application segment accounted for the largest share of 71.3% in the year 2018. Table linens are available at a cheaper price, which has enabled households to increase their buying frequency, thereby driving the segment. Hypermarket/supermarket generated a revenue of USD 4.4 billion in 2018. The online segment is anticipated to witness the fastest growth owing to its extra value added services such as home delivery, coupon benefits, cash on delivery, and in most cases 30 days return policy.
Further key findings from the study suggest:
The global table linen market size was valued at USD 9.6 billion in 2018. Growing real estate market and changing lifestyle drives people to spend more on home decoration and interior, thereby driving the global market. Rise in the number of the working class professionals in the developing economies including China, India, and Brazil is enabling the consumers to raise their spending on home décor products. Moreover, availability of natural and environment friendly fibers is driving the demand for decorative tableware products.
Over the past few years, awareness among the consumers and manufacturers regarding natural fibers is increasing in order to protect the environment from artificial waste generated from manufacturing process and scrap materials. This aspect is predicted to generate a considerable revenue for the global market over the forecast period. Moreover, it is likely to generate many opportunities for table linen manufacturers to invest in R&D in order to meet the needs and requirements of the consumers. Manufacturers are constantly coming up with innovative and improved designs at an affordable price range to attract more consumers. This is anticipated to fuel the market growth over the next few years. Availability of various table linen products such as mats, runners, napkins, and covers at a cheaper rate is enabling the customers to increase their buying frequency and in multiple quantities.
Easy availability of the product at cheaper prices has enabled the household segment to raise their spending on table linens. Consumers of the household segment are inclined towards buying cotton based tableware. These products are very pleasing and complement the dining room with their artistic appeal. Customers belonging to commercial segment such as restaurants and hotels are observed to be inclined towards rubber mats, plastic and synthetic covers. Growing use of cloth napkins for hygiene purpose while dining at restaurants, hotels, and even households is making this product popular and is anticipated to draw more demand. Premium silk quality based tableware are usually preferred by luxurious hotels, cafes, restaurants, and among households with high income.
Due to increasing number of fast food and restaurant chains across the world, demand for table linen is increasing that provides an aesthetic appeal to the dining experience. Availability of table covers, mats, table runners, and napkins in matching sets is anticipated to remain a favorable factor in generating more demand for table linen. Availability of large varieties of table linens in different colors, shapes, designs, and patterns at a cheaper price to match the kitchen décor, such as ready-made curtains and cushion covers, is anticipated to boost the market demand. Nowadays, table linens are used as typical decorative and protective table covers so as to avoid any kind of table stains. Popularity of the table cloths is increasing due to recent development in producing luxurious, soft, and anti-stain linen.
Grand View Research has segmented the global table linen market on the basis of material, distribution channel, application:
Table Linen Material Outlook (Revenue, USD Billion, 2015 - 2025)
Table Linen Distribution Channel Outlook (Revenue, USD Billion, 2015 - 2025)
Table Linen Application Outlook (Revenue, USD Billion, 2015 - 2025)
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
About the AuthorMrudula Karmarkar
Joined: March 30th, 2020
Articles Posted: 309
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