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Home Textile Market Size, Share, Growth, Trends And Forecast 2033
Home Textile Market Size
According to The Business Research Company's, 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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Market Drivers and Trends:
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.
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.
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Major Key Players of the Market:
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
Home Textile Market 2024 Key Insights:
• The home textile is expected to grow to $164.2 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%.
• Surging Demand For Large-Scale Energy Storage Powers Growth In The Vanadium Market
• Rising Focus Towards Product Advancement To Attain Maximum Revenues
• Asia-Pacific was the largest region in the home textile market in 2023.
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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