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Market Growth of Textile Home Decor Industry due to Rising Standards of Living and Growing Consumer Demand

Published: July 29, 2021
Author: Manali bhanushali

The global textile home decor market was valued at USD 108.1 billion in 2018 and is expected to reach USD 178.3 billion in 2026, growing at a CAGR of 6.4% during the forecast period.

The global textile home decor market is expected to grow at a significant growth during the forecast period. Increasing disposable income in emerging economies and urban structure further provides ample opportunity to the market. According to the International Monetary Fund (IMF), the per capita GDP in emerging economies accounted for around $5,030 in 2016 that increased to nearly $5,420 in 2019. The rising per capita GDP in emerging economies increases the disposable income that boosts the demand for home décor products in the emerging economies that further propel the market growth. AS per World Urbanization Prospects by the United Nations, the largest urban growth will take place in India, China, and Nigeria. These three countries will account for 37% of the projected growth of the world’s urban population between 2014 and 2050. By 2050, India is projected to add 404 million urban dwellers, China 292 million and Nigeria 212 million.

The Textile Home Decor Market report has been segregated based on distinct categories, such as product type, application, end-user, and region. Each segment is evaluated based on CAGR, share, and growth potential.

List of Top Key Players in Textile Home Decor Market Report are:  

  • Mannington Mills (US)
  • Companhia de Tecidos Norte de Minas (Brazil)
  • Kurlon Enterprise Limited (India)
  • American Textile Company. (US)
  • Leggett & Platt (US)
  • Nitori Holdings Co.
  • Ltd (Japan)
  • Williams-Sonoma. (US)
  • Berkshire Hathaway Inc. (US)
  • Ashley Furniture Industries (US)
  • Mohawk Industries. (US)

Textile Home Decor Industry 2021 Market Research Report provides exclusive vital statistics, data, information, trends, and competitive landscape details in this niche sector. This report provides the status of the Textile Home Decor market forecast till 2026. Likely, the report also focuses on global major manufacturers of Textile Home Decor market share providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue, and contact information. Upstream raw materials and equipment and downstream demand analysis are also carried out.

Textile Home Decor Market Segmentation by Product Type:

  • Bed Linen & Bed Spread
  • Kitchen Linen
  • Bath Linen
  • Floor
  • Others

Textile Home Decor Market Segmentation by Application:

  • Offline Retail Stores
  • Online Retail Stores

The report diversifies the global geographical expanse of the Textile Home Decor market into five prominent regions such as Europe, APAC, MEA, North and South America.

The urbanization in emerging economies has been growing significantly since 2014. There were only 28 mega-cities projects in 2014 which is expected to reach to 41 in 2030. According to the World Economic Forum, Tokyo, Delhi, Shanghai, Mexico City, Mumbai in 2016, were the largest city in terms of population, globally, with more than 10 million inhabitants or more. The increased urban population in the cities creates a new standard for better infrastructure requirements. The rising middle-income group in emerging economies such as India, China, Brazil and Russia, and are some other factors that are driving the market during the forecast period. Further, the rising standards of living and growing consumer demand will further boost the growth of the textile home decor market. The high proportion of urban households, inclination towards high-quality home décor products will boost the global market soon.

Key Findings:

  • Based on product type, the bed linen & bed spread segment is expected to grow at the highest CAGR of around 8.3% during the forecast period
  • Based on distribution channel, the offline retail stores segment is accounted for the largest share in the market and held for around 68% of the total market, in 2018
  • North America accounted for around 32% share of the global textile home decor market in 2018
  • Asia-Pacific is projected to grow at the highest CAGR of around 8.9% during the forecast period

For more Information https://www.alltheresearch.com/report/280/textile-home-decor-market

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