Market Size of Australia Home Textiles Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 5.00 Billion |
| Market Size (2029) | USD 6.24 Billion |
| CAGR (2024 - 2029) | 4.56 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Australia Home Textile Market Analysis
The Australia Home Textiles Market size is estimated at USD 5 billion in 2024, and is expected to reach USD 6.24 billion by 2029, growing at a CAGR of 4.56% during the forecast period (2024-2029).
Australia's unique natural materials used for textiles make it stand out in the market. The country is known for its sale of wool as a raw product. Due to the environment and plant life, Australia uses fibers from tree life, like the Banyan tree, to create clothing and other textiles. It has begun to join the countries that are working on technical textiles. Since this is becoming such a large market, innovation has become very important for this industry.
Due to COVID-19, all economic activities except for essential goods and services came to a standstill. The home textile industry was no exception to this. The textile industry in Australia has been declining for many years and the Australian textile industry gives employment to less than 20,000 people overall and with the advent of covid, it was majorly affected. Household demand and changes in interest rates with the accommodative policy of central banks try to make these sectors overcome the financial crisis.
The bed linen segment is experiencing growth as the sales of mattresses rose in the recent year . Technical textiles and new materials are leading to growth in the sector and are also expected to contribute to the growth in home textiles in the hospitality and hospitals sector. Research and development in the sector such as functional and natural fibres will likely create new opportunities. Among flooring, carpets held the major exports from countries such as China and India in the market. Digital textile printing disrupts the market by innovating new designs and textiles.
