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Global Contract Textile Market 2024 - By Share, Size, Growth Analysis And Forecast To 2033
Global Contract Textile Market
As per the report, 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 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%.
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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.
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 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)
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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
Contents of the report:
1. Executive Summary
2. Contract Textile Market Report Structure
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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