Home Textiles Market:
WiseGuyReports.com adds "Global Home Textiles Market – Analysis By Category, By Region, By Country: Forecast to 2023" reports to its database.
Home textile is a segment of technical textiles constituting the application of textiles in household purposes. Home textiles are all about the internal environment, which deals with interior spaces and their furnishings. Home textiles are primarily used for their functional and aesthetic properties which offer a great level of peace and mental relaxation to the people.
It can be defined as the textiles utilized for home furnishing. It comprises of a varied range of functional as well as decorative products used mainly for interior decoration. The fabrics that are used for home textiles consists of both natural and man-made fibres. Sometimes the service providers also blend these fibres to make them stronger. Mostly, home textiles are produced by knitting, knotting, weaving, crocheting, or pressing fibres together.
A significant portion of home furnishings comprises of textiles. A number of these furnishings are particular in households and are made according to explicit techniques of construction and composition. The basic items may be classified as Sheets & Pillowcases, Terry towels, Blankets, Curtains, table cloths, and carpets and Rugs.
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The global home textile market is one of the most productive business segments in the global textile industry and is anticipated to grow at a CAGR of approximately 5.5% during the forecast period.
The industry is noticing a constant growth driven by factors, like increasing fashion sensitivity toward household furnishing, and growing consumer spending on home renovation and interior decoration.
The United States and Europe are the largest consumers composing 60% of the home textiles imports, with countries like India, and China being the major suppliers. Increasing focus on the market by governments and favourable regulatory strategies are anticipated to be one of the major reasons for the market revolution. Such assistance has met with growth in investments in the market.
The major global home textile industry is expected to face a substantial challenge from the high cost of logistics.
Developing real estate market along with growing customer spending on a home renovation is also believed to drive the market growth. Asian countries are the main suppliers of Home Textiles Globally. As of 2016, the leading suppliers of home textiles are India and China. Other countries like Germany, Turkey, Belgium, Netherlands, the United States, Poland, and Portugal are also among the well-known suppliers.
China has the largest share of 39% with US$18 billion. Poland has arisen as a supplier of home textiles during 2011-2016, with a considerable growth rate but at lesser base value. However, China has stayed almost static with a growth rate of 0.2%. Other countries, such as the United States, Germany, and Belgium, have an unfavourable growth rate.
Based on product type, the home textile market can be segmented into-
- Curtain and Blind
- Kitchen Linen
- Commercial use
- Family use
- North America
- Asia and Asia-Pacific
- Latin America
- The Middle East and Africa
Bed linen includes blankets, bedsheets, pillows, mattress, mattress cover, duvets, duvet covers, and bed covers, among others. Bath linen includes bath towels, bathrobes, and bath mats, among others. In the year 2015, the bedspread and bed linen segment registered a value of US$49 billion. Bedding is believed to be a substantial segment of home textiles with a production value market share of about 38.37%.
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