Market Size of Canada Home Textile Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 2.90 Billion |
Market Size (2029) | USD 3.68 Billion |
CAGR (2024 - 2029) | 4.93 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Canada Home Textiles Market Analysis
The Canada Home Textile Market size is estimated at USD 2.9 billion in 2024, and is expected to reach USD 3.68 billion by 2029, growing at a CAGR of 4.93% during the forecast period (2024-2029).
Due to COVID-19, all economic activities except essential goods and services came to a standstill. The Canadian home textile industry was no exception to this. The industry faced a complete shutdown for around two to three months.
The Canadian home textile market is expected to register significant growth due to the growing demand for digitally printed home textiles. This is attributed to the high standard of living, inclination towards a luxurious lifestyle, and high disposable income of the population.
Moreover, the rising number of household constructions is expected to boost the market growth. Consumers who renovate their homes look for unique designs, styles, and colors in home textiles that could provide an aesthetic and modern look to their homes. Key factors driving the robust growth rate of Canada include surging per capita expenditure, availability of potential consumers in the market, increasing investments by major regional players, and improving lifestyles of consumers are driving the demand for home textiles in the market.