Categories: Market Research

Global Contract Textile Market Size and Forecast 2023-2032|Agua Fabrics, Beaulieu International Group, Camira Fabrics Ltd., DELIUS GmbH & Co. KG., Panaz

The Contract Textile Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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https://www.thebusinessresearchcompany.com/report/contract-textile-global-market-report

According to The Business Research Company’s Contract Textile Global Market Report 2024, 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

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.

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.

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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)

The rise in product innovations is growing in popularity and has become a key trend in the contract textile market. Innovations such as Celliant Fiber are gaining popularity in the contract textile market. Celliant fiber features patented infrared fiber technology, which enhances cellular oxygenation and local circulation for improved performance, recovery, and sleep. For instance, in October 2021, The Crypton Companies, a US-based textile company, in partnership with Hologenix LLC, a producer of Celliant Infrared Technology, developed Crypton CELLIANT, the first woven upholstery fabric containing Celliant fiber. When a person sits on a chair covered with Celliant, the minerals in the fabric absorb the heat generated by the body. Thus, by temporarily increasing local blood flow in the cell tissue, performance and recovery are improved.

The contract textile market report table of contents includes:

1. Executive Summar

2. Contract Textile Market Characteristics

3. Contract Textile Market Trends And Strategies

4. Contract Textile Market – Macro Economic Scenario

5. Global Contract Textile Market Size and Growth

26. South America Contract Textile Market

27. Brazil Contract Textile Market

28. Middle East Contract Textile Market

29. Africa Contract Textile Market

30. Contract Textile Market Competitive Landscape And Company Profiles

Top Major Players: