Home Textile Market Size was valued at USD 118.5 Billion in 2022. The Home Textile market industry is projected to grow from USD 125.4 Billion in 2023 to USD 198.5 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.90% during the forecast period (2023 - 2032). Increased development of new buildings and single-person homes, and increased demand for eco-friendly furnishing are the key market drivers enhancing the market growth.
Source: The Secondary Research, Primary Research, MRFR Database and Analyst Review
Global Market CAGR for home textiles is being driven by the rising development of new buildings and single-person homes. The demand for home furnishings like home textiles is growing because of the increase in single-person homes and new construction in different places. As urbanization continues to increase and the trend towards smaller, single-person households grows, the demand for home textiles has seen a notable uptick.
In new buildings, whether they are apartments or houses, there is a growing need for furnishings and décor items to make these spaces comfortable and aesthetically pleasing. Home textiles like curtains, bedding, rugs and towels play a pivotal role in enhancing the ambiance and functionality of these living spaces. Single-person homes, which are becoming more prevalent due to changing demographics and lifestyle choices, often require a complete set of home textiles for one individual. This demographic shift has led to a higher number of households that need bedding, towels and other home textile products tailored for single occupants. Moreover, the desire for personalized style in home interiors has driven consumers to invest in home textiles that reflect their tastes and preferences. As a result, the market for trendy and aesthetically appealing home textiles has expanded, with consumers looking for textiles that not only serve practical purposes but it also contributes to the overall aesthetics of their living spaces.
The home textile products that mix well with the walls and the color of the house for complimenting modern furniture and lights and colors of the rooms to enhance the overall look of the house have always been a key demand of people. Most manufacturers have attained popularity for the same reason as they offer complete sets of fashionable and luxurious home textile products. Single people are more likely to be concerned about the style of their homes than people who live in larger households. This indicates that they are more likely to buy stylish home textiles, like patterned curtains or colorful rugs. This trend is also driving the demand for home textiles, as manufacturers and retailers are developing more stylish home textiles to appeal to single people. Thus driving the Home Textile market revenue.
The Home Textile market segmentation, based on type, includes Bedroom Linen, Bathroom Linen, Carpets and Floor Coverings, and Kitchen Linen. The bedroom linen category dominates the market as people are increasingly interested in decorating their bedrooms with stylish and comfortable bed linens. This creates a demand for a wide variety of bed linens with different colors, patterns and fabrics. Further, the bathroom linen textiles market is anticipated to be the second-fastest category in product of the home textiles market.
The Home Textile market segmentation, based on distribution channels, includes Offline and Online. The offline category dominate the market, covering supermarkets/hypermarkets, specialty stores and other channels. The increasing urbanization and the expansion of hypermarkets and supermarkets in order to extend their reach to maximum consumers is anticipated to boost the market growth through offline marketing. On the other hand, the online segment is anticipated to experience significant growth in the coming years because of the growth in the number of online shoppers.
Figure 1: Home Textile Market, by Distribution Channel, 2022 & 2032 (USD Billion)
Source: The Secondary Research, Primary Research, MRFR Database and Analyst Review
The Home Textile market segmentation, based on distribution channels, includes Polyester, Cotton, Silk, Wool and Others. The polyester category dominates the market share, as it is a popular choice for items due to its durability and long-lasting nature. It is simpler to care for, as it is resistant to shrinking and wrinkling and can be washed and dried in machines. Further, the cotton home textile category is anticipated to be the fastest-growing category.
By region, the study gives market insights into the North America, Europe, Asia-Pacific and the Rest of the World. The North American Home Textile market area dominates the market as it boasts a strong and mature economy with high levels of disposable income among its population. The region places a significant emphasis on interior designs and home aesthetics. Further, the consumers in this region are becoming increasingly conscious of quality, sustainability and ethical sourcing.
Further, the prime countries studied in the market report are The US, Canada, Germany, France, the UK, Italy, Spain, Japan, India, China, Australia, South Korea, and Brazil.
Figure 2: HOME TEXTILE MARKET SHARE BY REGION 2022 (USD Billion)
Source: The Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe's Home Textile market accounts for the second-largest market share as it boasts a strong tradition of craftsmanship and a long history of textile production, and there is growing awareness and emphasis on sustainable and eco-friendly practices in this region. The diverse climate zone drives the demand for a wide range of home textiles. Further, the German Home Textile market held the largest market share, and the UK Home Textile market was the fastest-growing market in European region.
The Asia-Pacific Home Textile Market is expected to grow at the rapid CAGR from 2023 to 2032. This is rapid urbanization and changing lifestyles leading to increased focus on interior design and home décor. The region has a thriving manufacturing industry, allowing a cost-effective production of home textile products. Moreover, China’s Home Textile market held the largest market share, and the Indian Home Textile market was a rapid-growing market in the Asia-Pacific region.
Leading market players are investing hugely in research and development in order to expand their product lines, which will help the Home Textile market grow even more. Market players are also undertaking a variety of strategic activities to spread their footprint, with important market developments including mergers and acquisitions, new product launches, contractual agreements, higher investments, and collaboration with other organizations. To spread and survive in a more competitive and rising market climate, the Home Textile industry must offer cost-effective items.
Manufacturing locally for reducing operational costs is one of the key business tactics utilized by manufacturers in the Home Textile industry to benefit clients and increase the market sector. In recent years, the Home Textile industry has offered some of the most significant advantages to the textile industry. Major players in the Home Textile market, including Welspun India Ltd, WestPoint Home, Boll & Branch, Cotton Incorporated, John Lewis & Partners, Pottery Barn, Ikea, The Company Store, Parachute Home, Jaipur Rugs, and others, are attempting to increase market demand by investing in the research and development operations.
Tempur Sealy International, Inc., founded in the year 1992, is a well-known American company that specializes in the design, manufacture and marketing of bedding products. It has become one of the largest bedding providers. The company operates under several well-known brands, including Tempur-Pedic, Sealy and Stearns & Foster. In 2020, the company signed a legally binding contract to buy the majority of Sherwood Acquisition Holdings, LLC, a well-known producer in the American private label/original equipment manufacturer market. The company wanted to balance its non-branded private label portfolio with its well-known branded items. Therefore, the acquisition was made to help the company break into the private label market.
Restoration Hardware Inc. is an American luxury home furnishings company headquartered in Corte Madera, California. Established in 1979 by Stephen Gordon, the company has grown into a renowned brand known for its high-end furniture, décor, and lifestyle. The company has a strong presence in catalog and online retailing and is known for its classic and sophisticated design aesthetic. Further, the company has also made efforts to incorporate sustainable practices into its operations. In February 2023, Restoration Hardware announced a collaboration with the Italian luxury brand Missoni Home. The collaboration will feature a line of home textiles, including bedding, bath and table lines, that will be inspired by Missoni’s signature colorful and geometric patterns.
Key Companies in the Home Textile market include
Home Textile Industry Developments
March 2023: The Company Store, a leading provider of home textiles, acquired retailer Brooklinen. The acquisition will allow The Company Store to expand its reach into the e-commerce market and offer a wider variety of home textiles to its customers.
February 2023: Parachute Home, a direct-to-consumer home textiles brand, acquired The Company Store, a brick-and-mortar home textiles retailer. This acquisition will allow Parachute Home to expand its reach and distribution channels.
February 2023: Jaipur Rugs, a leading manufacturer of hand-knotted rugs, partnered with West Elm, a home furnishing retailer, to launch a collection of rugs. The collection features a various styles and colors and is made from sustainable minerals.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 118.5 Billion |
| Market Size 2023 | USD 125.4 Billion |
| Market Size 2032 | USD 198.5 Billion |
| Compound Annual Growth Rate (CAGR) | 5.90% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, The Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Product, Distribution Channel, Material and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, Germany, France, The UK, Italy, Spain, Japan, India, China, Australia, South Korea, and Brazil |
| Key Companies Profiled | Welspun India Ltd, WestPoint Home, Boll & Branch, Cotton Incorporated, John Lewis & Partners, Pottery Barn, IKEA, The Company Store, Parachute Home, Jaipur Rugs, Laura Ashley, Ralph Lauren Home, Target, Williams-Sonoma, Peacock Alley |
| Key Market Opportunities | · Increasing demand for eco-friendly home furnishing. |
| Key Market Dynamics | · Increased development of new buildings and single-person homes. |
Frequently Asked Questions (FAQ) :
The Home Textile market size was valued at USD 118.5 Billion in 2022.
The market is foreseen to rise at a CAGR of 5.90% during the forecast period, 2023-2032.
North America held the largest share of the market.
The key players in market are Welspun India Ltd, WestPoint Home, Boll & Branch, Cotton Incorporated, John Lewis & Partners, Pottery Barn, IKEA, The Company Store, Parachute Home, and Jaipur Rugs.
The bedroom linen category dominated the market in 2022.
The offline had the biggest share in the market.
Research Analyst Level II I have a degree in engineering (civil), with masters in business administration (marketing). with more than 4 years of experience in market research and consulting, i am involved in end-to-end process of market research, proposals, project kickoffs and delivery. i have research knowledge and expertise in consumer goods/packaging domain. also i have worked for various other domains like construction & equipment. effectively managed and delivered more than 60 report studies for regional as well as global clientele.
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