Market Size of Home Textile Industry
| Study Period | 2020-2029 |
| Market Size (2024) | USD 134.13 Billion |
| Market Size (2029) | USD 175.64 Billion |
| CAGR (2024 - 2029) | 5.54 % |
| Fastest Growing Market | Europe |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Home Textile Market Analysis
The Home Textile Market size is estimated at USD 134.13 billion in 2024, and is expected to reach USD 175.64 billion by 2029, growing at a CAGR of 5.54% during the forecast period (2024-2029).
Home textiles have transformed from being a basic necessity in modern households worldwide. They are now seen as a crucial representation of a homeowner's uniqueness, choices, and style. Manufacturers of these items have consistently worked towards introducing new designs, styles, high-quality materials, patterns, and uses to attract a broader range of consumers. As the real estate sector thrives and living standards improve, interior design and home decor spending has also risen. As a result, this trend is predicted to contribute significantly to market growth during the forecasted period.
The industry is witnessing steady growth driven by rising consumer spending on home renovation, growing residential real estate, and fashion sensitivity toward household furnishing. The United States and Europe are some of the biggest consumers, constituting more than 50% of the home textiles imports, with countries such as India, China, and Pakistan being the key suppliers. During the pandemic, all countries restricted their supply chain, which had a direct effect on the growth of the home textile market during the period. After the countries lifted their restrictions, the market returned to its pre-pandemic status.
Governments and favorable regulatory policies are anticipated to catalyze market disruption in the rising industry. This support has led to increased investments in the market, thereby bolstering its development. The global home textile market will likely encounter significant challenges due to the high costs associated with logistics. However, the expanding real estate market and the growing consumer expenditure on home renovation are projected to fuel market growth. The increase in popularity of smart homes and the rise in infrastructural development worldwide will lead to market growth during the forecast period. Furthermore, the evolving interior design trends in residential and commercial spaces are contributing to the positive momentum of the home textile market.
