Press release
Home Textile Market Poised for 5 % Growth, Set to Hit $1.58 Billion by 2029
Home Textile Market Size
The home textile market will grow steadily from $139.82 billion in 2024 to $146.47 billion in 2025, at a CAGR of 4.8%. Key factors include increasing patient admissions, a focus on patient flow optimization, regulatory compliance requirements, and the rise in healthcare facility capacity.
The Home Textile market is expected to grow to $178.18 billion by 2029 at a CAGR of 5.0%. Key growth factors include patient-centric care, AI implementation, and real-time location systems (RTLS). Major trends include healthcare technology advancements and mobile applications for bed requests.
What Are the Key Drivers Behind the Growth of the Home Textile Market?
The increasing demand for home aesthetic improvement is expected to drive the growth of the home textile market in the future. Home aesthetic improvement involves enhancing a home's appearance to make it more attractive and inviting. Home textiles, such as curtains, textured tablecloths, and cushions for sofas and armchairs, are key elements in these projects, helping to accentuate architectural features and transform spaces to create a desired atmosphere. For example, in May 2023, a survey of 2,000 U.S. homeowners by Slickdeals, a deal-sharing community, revealed that 69% of homeowners felt embarrassed about their aesthetic choices when hosting guests, while 78% planned to undertake home improvement projects. Additionally, homeowners intended to spend an average of $1,753 on these improvements. As a result, the growing demand for home aesthetic enhancement is driving the home textile market's expansion.
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Who Are the Major Industry Players Fueling Home Textile Market Expansion?
Major companies operating in the home textile market report are 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
Which Key Developments Are Influencing the Home Textile Market?
Companies in the home textile market are focusing on innovative solutions using advanced technologies like RESTech COTTON to address challenges such as durability, moisture management, and sustainability in cotton bedding. RESTech COTTON enhances cotton's natural thermo-regulating properties, offering cooler comfort and superior durability. For example, in September 2023, Cotton Incorporated, a US-based non-profit organization, launched RESTech COTTON technology. This new technology improves cotton's moisture management, making it quicker to dry while maintaining softness and comfort, offering a more sustainable and comfortable alternative to traditional cotton bedding.
How Is the Segmentation of the Home Textile Market Defined?
The home textile market covered in this report is segmented -
1) By Product: Bedroom Linen, Bathroom Linen, Kitchen Linen, Carpets and floors Coverings
2) By Material: Polyester, Cotton, Silk, Wool, Other Materials
3) By Distribution channel: Offline, Online
4) By End-User: Residential, Commercial
Subsegments:
1) By Bedroom Linen: Bed Sheets, Comforters And Quilts, Pillowcases And Bed Covers, Mattress Protectors
2) By Bathroom Linen: Towels, Bathrobes, Shower Curtains
3) By Kitchen Linen: Table Cloths, Kitchen Towels, Aprons, Oven Mitts And Pot Holders
4) By Carpets And Floor Coverings: Area Rugs, Carpets, Mats, Bath Mats
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What Is the Leading Region in the Home Textile Market?
Asia-Pacific was the largest region in the home textile market in 2024. The regions covered in the home textile market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Home Textile Global Market Report?
- Market Size Analysis: Analyze the Home Textile Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Home Textile Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Home Textile Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Home Textile Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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