Table Linen Market Share & Trends Will Hit USD 12.7 Billion By 2025
Posted by neha24 on June 15th, 2020
The global table linen market size 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.
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.
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.
Access Research Report of Table Linen Market @ https://www.grandviewresearch.com/industry-analysis/table-linen-market
Further key findings from the study suggest:
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