The global home textile market is anticipated to grow at a CAGR of 4.8% during the forecast period (2022-2028). The global home textile market is growing due to the changing demand of the consumer for luxurious fashion goods. The increasing consumer demand for bedding and accessories products is also boosting the growth of the market. The increasing residential and commercial infrastructure facilities including hotels and resorts, and hospitals are expected to propel the growth of the market. The rising renovation and home re-modeling trends globally are directly propelling the growth of home textile. Additionally, the rising government policies and regulations regarding the development of the textile industry are further positively impacting the growth of the global home textile market in the forecast period. The rising urbanization, an increasing number of nuclear families, a rise in disposable income, and rising renovation & fashion sensitivity are anticipated to boost the demand for the home textile market. The North American home textile market is anticipated to witness the fastest-growth share in the global home textile market. This is due to the increasing number of sleep disorders due to stress among individuals in countries such as the US. According to the report by Better Sleep Council 2020, an estimation of 43% of the US population describes their sleep as poor or fair. The rising demand for innovative sleep solutions and sleep-related fiber-based bedding items is further boosting the growth of the home textile market in this region.
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Some major players in the market include Bed Bath & Beyond Inc., Dicitex, Fuanna, LOFTEX, Ralph Lauren Corporation, Springs Global, Trident Group, and Welspun India Ltd, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new launches, to stay competitive in the market. For instance:
- In March 2022, LifeLabs launched of bedding and new sleepwear styles to make sleep more comfortable and restorative by utilizing its proprietary CoolLife technology to maintain the ideal body temperature throughout the night.
- In March 2022, Birla Century launched Hill & Glade, a flagship brand catering to the home bedding segment.
- In October 2020, Indo Count Industries Ltd., launched foray into the 12,000-crore value-driven Indian bed linen market with the launch of their new brand, “Layers”.
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Market Coverage
- The market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Bed Bath & Beyond Inc., Dicitex, Fuanna, LOFTEX, Ralph Lauren Corporation, Springs Global, Trident Group, and Welspun India Ltd, among others.
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Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Home Textile Market Report by Segment
By Type
- Bedding
- Curtain & Blind
- Carpet
- Towel
- Kitchen Linen
- Blanket
By Application
- Family Used
- Commercial Used
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