The home textile global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Home Textile Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The home textile market size has grown strongly in recent years. It will grow from $122.27 billion in 2023 to $130.92 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to increasing patient admissions, focus on patient flow optimization, regulatory compliance requirements, integration with electronic health records (ehrs), rise in healthcare facility capacity.
The home textile market size is expected to see strong growth in the next few years. It will grow to $164.2 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to focus on patient-centric care, implementation of artificial intelligence (ai), real-time location systems (rtls) advancements, emphasis on infection control, population health management strategies. Major trends in the forecast period include advancements in healthcare technology, real-time location systems (rtls) integration, cloud-based solutions, patient flow optimization, mobile applications for bed requests.
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Scope Of Home Textile Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Home Textile Market Overview
Market Drivers –
The growing demand for home aesthetic improvement is expected to propel the growth of the home textile market going forward. Home aesthetic improvement refers to the process of enhancing the appearance of a home to make it more visually appealing and inviting. Home textiles are used in home aesthetic improvement projects to enhance the architectural features of the house by incorporating curtains, textured tablecloths, and cushions on sofas and armchairs for transforming spaces and shaping the overall vibe. For instance, in May 2023, according to a survey on 2,000 US homeowners by Slickdeals, a US-based deal-sharing community, around 69% of homeowners are embarrassed to have people at their houses because of the aesthetic choices, and 78% have planned for home improvement projects. Further, homeowners are planning to spend an average of $1753 on home improvement projects. Therefore, the growing demand for home aesthetic improvement is driving the growth of the home textile market.
Market Trends –
Major companies operating in the home textile market are developing innovative solutions leveraging advanced technologies, such as RESTech COTTON technology, to address key challenges like durability, moisture management, and sustainability in cotton bedding. RESTech COTTON technology enhances cotton’s inherent thermo-regulating properties, offering cool comfort and exceptional durability. For instance, in September 2023, Cotton Incorporated, a US-based non-profit organization, launched RESTech COTTON technology, which represents a significant advancement in cotton bedding. It is designed to hold less moisture and dry more quickly, maintaining remarkable softness and comfort. This combination of qualities makes RESTech COTTON technology a significant advancement in cotton bedding, offering a more sustainable and comfortable alternative to traditional cotton sheets.
The home textile market covered in this report is segmented –
1) By Product: Bedroom Linen, Bathroom Linen, Kitchen Linen, Carpets and floors Coverings
2) By Material: Polyester, Cotton, Silk, Wool, Other Materials
3) By Distribution channel: Offline, Online
4) By End-User: Residential, Commercial
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Regional Insights –
Asia-Pacific was the largest region in the home textile market in 2023. The regions covered in the home textile market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the home textile market report are Mohawk Industries Inc., Nitori Holdings Co. Ltd. , Ralph Lauren KBE, Leggett & Platt Inc., Williams-Sonoma Inc., John Lewis & Partners , American Signature Inc. , Mannington Mills Inc., Kimball International Inc., Laura Ashley Holdings Plc, Inter IKEA Systems B.V., American Textile Company, Hunan Mendale Hometextile Company Ltd., ShenZhen Fuanna Bedding and Furnishing Co. Ltd., Companhia de Tecidos Norte de Minas-Coteminas, WestPoint Home Inc., Parachute Home , Trident Ltd., Welspun India Ltd., Boll & Branch LLC, Springs Global Participacoes SA, Jaipur Rugs Company Pvt. Ltd., Cotton Incorporated , Peacock Alley Inc., Vescom B.V., Marvic Textiles Limited, New Sega Home Textiles Inc., Sheets & Giggles Inc., The Company Store , URBANARA GmbH
Table of Contents
- Executive Summary
- Home Textile Market Report Structure
- Home Textile Market Trends And Strategies
- Home Textile Market – Macro Economic Scenario
- Home Textile Market Size And Growth
…..
- Home Textile Market Competitor Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
- Appendix
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