Press release
Contract Textile Market Share, Trend Analysis, Key Drivers, Size And Forecast To 2033
Contract Textile Market
.
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.
Market Overview -
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.
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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
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.
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Key Segments -
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)
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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