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Contract Textile Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Agua Fabrics, Beaulieu International Group, Camira Fabrics Ltd., DELIUS GmbH & Co. KG., Panaz
Contract Textile Market Trends
The Business Research Company offers in-depth market insights through Contract Textile Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth 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
.
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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Market Segmentation:
The main types of contract textiles are type A, type B, and type C. The type A segment consists of sales of type A refers to a fabric where the first marker is not served by the flame and the flame does not burn through the edges of the metal frame while it is tested before and after cleaning. The different end-users include office spaces, public buildings, healthcare, hotels, restaurants, and cafes (HORECA).
Major Driver - Online Shopping Boom Fuels Growth In Contract Textiles Market
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.
Competitive Landscape:
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
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Top Trend - Innovative Trends In The Contract Textile Market
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 Table Of Content For The Market Report Include:
1. Executive Summary
2. Contract Textile Market Characteristics
3. Contract Textile Market Trends And Strategies
4. Contract Textile Market - Macro Economic Scenario
5. Contract Textile Market Size And Growth
…..
27. Contract Textile Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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