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Innovative Trends In The Contract Textile Market Industry Trends Gaining Momentum in the Global Contract Textile Market
Contract Textile
Contract Textile Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The size of the contract textile market has seen significant expansion in recent times. The market, which is projected to be worth $5.58 billion in 2024, is predicted to increase to $5.96 billion in 2025, marking a compound annual growth rate (CAGR) of 6.8%. This upward trend during the former period is tied to several factors including amplified commercial construction and renovation, a booming hospitality and tourism industry, an intensified focus on interior design movements, enhanced longevity and performance norms, and a growing emphasis on environmental sustainability.
Contract Textile Market Size Forecast: What's the Projected Valuation by 2029?
The projected increase in the contract textile market size is slated to be astoundingly robust, with anticipated growth reaching $8.04 billion by 2029, translating to a compound annual growth rate (CAGR) of 7.8%. This growth during the prediction period is likely to be driven by the escalating use of sustainable and eco-friendly textiles, the advancement smart textiles and technology integration, digital fabric print, as well as health and safety considerations. Noteworthy trends during this forecast period are likely to be the increased adoption of technology in the textile sector, adjustments in workplace design, the emergence of smart textiles and digital fabric printing, and the upsurge in the use of eco-friendly textiles.
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What Are the Drivers Transforming the Contract Textile Market?
The contract textiles market is being propelled by the surge in online shopping. This type of e-commerce lets consumers do business directly with sellers through the internet using a web browser or mobile application. A noticeable increase in online shopping has been observed due to the COVID-19 pandemic, as restrictions hindered traditional shopping methods. As a result, the demand and awareness for various textiles, such as contract textiles, have amplified. For example, the United States Census Bureau reported in August 2023 that compared to the second quarter of 2022, e-commerce in the second quarter of 2023 grew by 7.5% (or 1.4%), with overall retail sales increasing by just 0.6% (or 0.4%). Moreover, a significant 15.4% of all sales in the second quarter of 2023 were made via online platforms. Hence, the growth of the contract textile market is expected to be largely fuelled by the rising trend of online shopping.
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What Long-Term Trends Will Define the Future of the Contract Textile Market?
The increase in product advancements is becoming more prominent and has emerged as a significant trend in the contract textile industry. Innovative solutions such as Celliant Fiber are gaining traction in this market. Celliant fiber employs a patented infrared fiber technology designed to boost cellular oxygenation and stimulate local blood flow, thereby enhancing performance, recovery, and sleep. Case in point, Crypton Companies regularly promote their ground-breaking Crypton CELLIANT fabric in recent updates. This fabric is developed in collaboration with Hologenix LLC, the brains behind Celliant infrared technology. This fabric marks the first woven upholstery to feature Celliant, which turns body heat into infrared energy, delivering health benefits including improved circulation, energy increase, and quicker recovery. When an individual sits on a chair covered with Celliant fabric, the minerals in the fabric absorb the heat produced by the body, resulting in temporary local blood flow increase, enhancing performance, and recovery.
Which Segments in the Contract Textile Market Offer the Most Profit Potential?
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)
Subsegments:
1) By Type A: Upholstery Fabrics, Drapery Fabrics, Specialty Fabrics
2) By Type B: Outdoor Fabrics, Performance Fabrics, Industrial Textiles
3) By Type C: Healthcare Textiles, Hospitality Textiles, Transportation Textiles
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Which Firms Dominate the Contract Textile Market by Market Share and Revenue in 2025?
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
Which Regions Offer the Highest Growth Potential in the Contract Textile Market?
Asia-Pacific was the largest region in the contract textile market in 2024. The regions covered in the contract textile market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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