Contract Textile Market
Overview and Scope
Contract textile refers to fabrics that are designed, produced, sold, and used for commercial interiors. It is a business-to-business (B2B) arrangement in which textile manufacturers agree with companies involved in producing final products for commercial end customers.
Sizing and Forecast
The contract textile market size has grown strongly in recent years. It will grow from $5.26 billion in 2023 to $5.62 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to increased commercial construction and renovation, increased hospitality and tourism industry, increased focus on interior design trends, durability and performance standards, and environmental sustainability
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The contract textile market size is expected to see strong growth in the next few years. It will grow to $7.37 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to increasing use of sustainable and eco-friendly textiles, smart textiles and integration of technology, digital fabric printing, and health and safety concerns. Major trends in the forecast period include integration of technology into textiles, workplace design adaptations, smart textiles, digital fabric printing, and introduction of eco-friendly textiles.
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Segmentation & Regional Insights
The contract textile market covered in this report is segmented –
1) By Product: Type A, Type B, Type C
2) By End User: Office Spaces, Public Buildings, Healthcare, Hotels, Restaurants, and Cafes (HORECA)
Asia-Pacific was the largest region in the contract textile market in 2023. The regions covered in the contract textile market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The rise in online shopping is driving the contract textiles market. Online shopping is a type of electronic commerce that enables buyers to transact with sellers directly over the Internet using a web browser or a mobile app. Online shopping has seen a significant surge due to the COVID-19 pandemic. People shifted from offline shopping to online shopping because of restrictions on movement. This shift has caused an increase in awareness about different types of textiles, including contract textiles. For instance, in February 2023, according to MoneyTransfers.com, a UK-based provider of information related to money transfer sites, in 2021, 55.2 million UK residents (82% of the total population) made an online purchase at least once. Therefore, the rise in online shopping is expected to propel the contract textile market growth.
Key Industry Players
Major companies operating in the contract textile market include Agua Fabrics, Beaulieu International Group, Camira Fabrics Ltd., DELIUS GmbH & Co. KG., Panaz, Sunbury Design, Maharam Fabric Corporation, Paramount Textile Mills (P) Ltd, CTL LEATHER, C.F. STINSON LLC, ARC-COM, ARCHITEX, Haworth Inc., Kimball International, Teknion, HNI Corporation, KI (Krueger International), Fil Doux Textiles, Anzea Textiles, Designtex, Carnegie Fabrics, Ultrafabrics LLC, Burch Fabrics Group, Kravet Inc., Duralee, Mayer Fabrics, Knoll Textiles, Guilford of Maine, Momentum Group
The contract textile market report table of contents includes:
1. Executive Summary
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