The global Home Textile Market is predicted to experience a substantial growth by 2021. The market is also predicted to expand at a healthy CAGR during the forecast period i.e., from 2017 to 2021. Home textile, a branch of technical textile, is mainly used for home furnishings on account of its excellent functional and aesthetic properties. The rapidly growing sector of residential construction in various developing regions across the globe, particularly in Asia Pacific, is expected to be the key factor driving the growth of this market during the next few years.
High demand for various patterns, prints, colors, and designs in curtains, carpets, and bed and cushion covers etc. has given rise to fashion trends in home textile products. This is projected to contribute toward the development of the global market over the forthcoming years. Furthermore, a rise in customer disposable incomes across various developing regions like India and China are also predicted to play a key role in the expansion of the market. Factors such as increased usage of e-commerce trading and a number of companies entering in this industry to cater to the escalating product demand are also likely to have a positive impact on overall growth of the market.
The worldwide home textile market is categorized as per product, type, application, end-use, and region. Based on product type, the market is segmented into plant textiles, animal textiles, and synthetic textiles. On the basis of end user, the market is fragmented into carpeting, clothing, and beds. On the basis of geographies, the market is divided into United Kingdom, United States, Germany, South Korea, China, and Japan.
At present, China is the largest regional market for home textiles on account of rising demand for home textile products. Factors such as increased expenditure capacity and growing population are the major regional drivers. The Germany and Japan home textile regional markets are also anticipated to witness a rapid development over the forecast period on account of presence of key companies in these regions. Other regions like United States, United Kingdom, and South Korea are also likely to witness a steady growth rate over the next few years.
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Some of the leading companies operating in the global home textile market include ZARA; Springs Global; Dorel Industries, Inc.; Company C; Welspun India Ltd.; and Ralph Lauren Corp. Mergers and acquisitions and global business expansion are the key business strategies followed by most of these market players to maintain competitive edge. Moreover, most of these companies also focus on their research and development activities for novel product and technology innovation. For instance, the newly launched Ready Made Curtain Kit by Design Within Reach. This newly introduced product is created by two French designers and is designed as an alternative to tension rods. The product involves the usage of a taut cord and pegs.
Another recent development observed in the market for home textile includes the bedding cover sets produced by Next as part of their exclusive range of textile called Dot & Ivy. The collection features several bedding sets inspired by nature. The designs of these sets also feature the trending geometric patterns. The company also offers scatter cushions and decorative throws in coordinating colors, patterns, and designs.
The major players profiled in this report include:
- Welspun India Ltd
- Company B
- Springs Global
- Dorel Industries Ltd
- ZARA
- Company F
Complete report on Home Textile Market report spread across 81 pages, supported with tables and figures. Enquire more @ https://www.radiantinsights.com/research/global-home-textile-market-size-and-forecast-to-2021
Market Segment:
The end users/applications and product categories analysis:
On the basis of product, this report displays the sales volume, revenue (Million USD), product price, market share and growth rate of each type, primarily split into-
- Animal textiles
- Plant textiles
- Synthetic textiles
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume, market share and growth rate of Home Textile for each application, including-
- Clothing
- Carpeting
- Beds
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