What are the Historical Developments and Current Growth Metrics of the Home Textile Market?
The home textile market has seen considerable growth due to a variety of factors.
• In recent times, there has been a stable expansion in the size of the home textile market. The market is projected to escalate from a value of $139.82 billion in 2024 to $146.47 billion in 2025, recording a compound annual growth rate (CAGR) of 4.8%.
This progression in the historic period can be accredited to factors such as increased patient entries, concentration on enhancing patient flow, compliance with regulatory mandates, integration with electronic health records (EHRs), and an expansion in the capacity of healthcare facilities.
What Does Future Hold for The Home Textile Market By 2029?
The home textile market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the home textile market is predicted to experience robust growth. The market is projected to reach a value of $178.18 billion by 2029, rising at a compound annual growth rate (CAGR) of 5.0%.
The growth during the forecast period can be linked to aspects such as a more patient-centered healthcare approach, the use of artificial intelligence (AI) and progresses in real-time location systems (RTLS), a focus on infection control, and population health management plans. Key trends during this forecast period consist of healthcare tech advancements, RTLS integration, cloud-based solutions, optimizing patient flow, and mobile apps for bed availability requests.
What Are The Primary Growth Drivers In The Home Textile Market?
The home textile market is expected to flourish, thanks to the increasing demand for home aesthetic enhancement. This term refers to the initiative taken to upgrade a home’s aesthetic appearance, making it more attractive and welcoming. Home textiles, like curtains, textured tablecloths, and cushions, have a significant role to play in boosting the architectural appeal of houses and transforming spaces, contributing to the overall ambience. For example, a survey by Slickdeals, a US-based deal-sharing community, in May 2023 on 2,000 US homeowners revealed that around 69% were ashamed to invite guests due to poor aesthetic choices at home, while 78% had home improvement plans in the pipeline. Also, they're expecting to invest an average of $1753 on their home improvement projects. Thus, the burgeoning demand for home aesthetic enhancement fuels the growth of the home textile market.
Home Textile Market Driver: Surge in Single-Person Homes Fuels The Home Textile Market Growth
What Is The Segmentation Of The Global Home Textile Market?
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 Trends Are Reshaping The Future Of The Home Textile Market?
Leading businesses in the home textile market are creating novel approaches using high-tech solutions such as RESTech COTTON technology to tackle important issues like longevity, moisture control, and sustainability in cotton bedding. This technology improves the inherent thermo-regulating properties of cotton, providing excellent durability and cool comfort. For example, in September 2023, the non-profit organization, Cotton Incorporated, based in the US, introduced RESTech COTTON technology. This latest development enhances the performance of cotton bedding as it is engineered to retain less moisture and dry faster while keeping its notable softness and comfort. These attributes make RESTech COTTON technology a substantial innovation in cotton bedding, offering a more eco-friendly and comfortable option over the conventional cotton sheets.
Who Are the Key Players In The Home Textile Market?
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
What Are The Regional Insights Into 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.
