Market Size of India Home Textile Industry
| Study Period | 2020-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 9.60 Billion |
| Market Size (2029) | USD 15.36 Billion |
| CAGR (2024 - 2029) | 9.84 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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India Home Textile Market Analysis
The India Home Textile Market size is estimated at USD 9.60 billion in 2024, and is expected to reach USD 15.36 billion by 2029, growing at a CAGR of 9.84% during the forecast period (2024-2029).
The home textiles market in India is growing with leaps and bounds and, in the process, has attracted the attention of foreign brands that have entered the Indian markets either through direct investment or joint ventures. The growth in Indian home textiles is supported by growing household income, increasing population, rising income levels, increased organized retail, and growth of end-use sectors like housing, hospitality, and healthcare. India accounts for almost 7% of global home textiles trade and occupies a significant share of exports to the United States.
In recent times, with volatile market conditions and higher inflation, various sectors of economies have been struggling. The home textile industry was no exception to this. The decline in demand, along with disrupted logistics and frozen external trade caused by the pandemic, affected the entire value chain. Due to the uncertainty across the market, international and domestic buyers cancelled or suspended their orders, adding to the industry's woes.
As the Indian economy is recovering from the impact of the pandemic with rising pent-up demand, home textiles are recovering. Increasing efforts in quality improvement, innovations through R&D programs, and other preferential value-added features are helping India’s home textile products to lead in the global market. Delhi has emerged as a significant production and export centre for home textiles. With the recovering tourism industry in India, the hospitality industry is expected to act as a catalyst with households for increasing demand for home textiles.
