Market Size of China Home Textiles Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Market Size (2024) | USD 55.80 Billion |
Market Size (2029) | USD 79.57 Billion |
CAGR (2024 - 2029) | 7.35 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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China Home Textile Market Analysis
The China Home Textiles Market size is estimated at USD 55.80 billion in 2024, and is expected to reach USD 79.57 billion by 2029, growing at a CAGR of 7.35% during the forecast period (2024-2029).
China's huge population, coupled with its increasing textile and clothing consumption per capita year by year, is providing a lucrative global business opportunity for the market. The increasing home renovation projects in the country are also accelerating the growth of the market by creating opportunities for home textiles producers. Chinese customers are increasingly placing more emphasis on the quality and design of home decorations. Thus, the market has been experiencing rapid growth during the study period and is anticipated to continue the growth in the forecast period as well.
Guangdong Province, Shanghai, Nantong in Jiangsu Province, Zhejiang Province, and Shandong Province are the industrial cluster areas in China. Several key players are pairing up with technology companies to tap the smart home industry. Asia-Pacific region, which accounts for around 45% of the market remains as the most strong producer and consumer of home textiles. Moreover, within the region, China is the largest manufacturer and consumer of home textiles.
The COVID-19 outbreak disrupted the China home textile industry which operations fell into a state of shutdown and production reduction in a large area. However, with the country's gradual and effective control of the pandemic, the industry has overcome many difficulties and actively organized the resumption of work and production during the second half of the year 2020.
China Home Textile Industry Segmentation
A complete background analysis of the China home textile market, including an assessment of the economy, the contribution of sectors in the economy, market overview, market size estimation for key segments, emerging trends in the market segments, market dynamics, and company profiles of the key players are covered in the report. China Home Textile Market is Segmented by Product into Bed Linen, Bath Linen, Kitchen Linen, Upholstery, and Floor Covering, and by Distribution Channel into Supermarkets & Hypermarkets, Speciality Stores, Online and Other Distribution Channels.
By Product | |
Bed Linen | |
Bath Linen | |
Kitchen Linen | |
Upholstery | |
Floor Covering |
By Distribution Channel | |
Supermarkets & Hypermarkets | |
Speciality Stores | |
Online | |
Other Distribution Channels |
China Home Textiles Market Size Summary
The China Home Textiles Market is projected to experience significant growth over the forecast period. This growth is attributed to the country's large population and increasing per capita consumption of textiles and clothing. Further contributing to market expansion is the rising number of home renovation projects, which are creating opportunities for home textiles producers. The market has seen rapid growth during the study period and is expected to continue this upward trend in the forecast period. Key industrial areas include Guangdong Province, Shanghai, Nantong in Jiangsu Province, Zhejiang Province, and Shandong Province. The COVID-19 pandemic initially disrupted the home textile industry in China, leading to widespread shutdowns and reduced production. However, the industry has since rebounded, overcoming many challenges and resuming work and production during the latter half of 2020. The market trends show high exports contributing to increased revenues, despite a drop in total export value during 2020 due to the pandemic. The bed linen and bedspread segments have seen increased revenues, while the carpets and kitchen textiles segments demonstrated resilience against the downtrend in 2020. The market began showing signs of recovery in the first half of 2021, a trend that is expected to continue throughout the forecast period.
Explore MoreChina Home Textiles Market Size - Table of Contents
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1. MARKET SEGMENTATION
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1.1 By Product
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1.1.1 Bed Linen
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1.1.2 Bath Linen
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1.1.3 Kitchen Linen
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1.1.4 Upholstery
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1.1.5 Floor Covering
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1.2 By Distribution Channel
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1.2.1 Supermarkets & Hypermarkets
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1.2.2 Speciality Stores
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1.2.3 Online
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1.2.4 Other Distribution Channels
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China Home Textiles Market Size FAQs
How big is the China Home Textiles Market?
The China Home Textiles Market size is expected to reach USD 55.80 billion in 2024 and grow at a CAGR of 7.35% to reach USD 79.57 billion by 2029.
What is the current China Home Textiles Market size?
In 2024, the China Home Textiles Market size is expected to reach USD 55.80 billion.