Mexico Home Textile Market Size
|Study Period||2018- 2028|
|Base Year For Estimation||2022|
|Forecast Data Period||2023 - 2028|
|Historical Data Period||2018 - 2021|
|CAGR (2023 - 2028)||> 4.00 %|
*Disclaimer: Major Players sorted in no particular order
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Mexico Home Textile Market Analysis
The Mexico Home Textile Market is expected to register a CAGR of greater than 4% during the forecast period.
The home textile industry in Mexico is a diversified and integrated sector that has been growing stronger in the past few years. One way for Mexican companies that make home textiles to stay in business in the face of competition from other developing countries is to focus on technology and new ideas. Furthermore, a greater number of retail openings and online portals are supporting the development of the market for home textiles.
The rapid outbreak of COVID-19 affected the Mexican economy. This led to several difficulties in the home textile industry, where most of the market was under pressure and disrupted the textile supply chain from fabric to garments. The lockdown of factories and retail stores completely affected home textiles. Prevailing this situation, the pricing was also down in the domestic and international markets.
The competitive labor costs and geographic proximity to the US have made Mexico one of the US's largest textile trading partners. The growth in home textiles is supported by the growing household income, increasing population, rising income levels, and increasing rate of urbanization.
Mexico Home Textile Market Trends
Increasing Urban Population is Rising Demand for Home Textile Products
The growing population has been a key driver of home textile consumption growth in the country. Increasing urbanization and the young population, along with rising per capita income, will further aid in market expansion. Improving standards of living result in an increasing number of people residing in separate homes and has, in recent times, propelled the home textile market. An increase in the urban population is expected to support higher growth due to changes in fashion and trends. The rise in the working women population, the housing boom in the past few years, and increasing interest among consumers to dress up their homes are responsible for the maturing market for home textiles.
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Growing Bed Linen And Bed Spread Demand Is Driving the Market
Bed linen includes bedspreads, blankets, mattresses, mattress covers, pillows, duvets, duvet covers, and bed covers, among others. It also includes bathrobes, bath towels, and bath mats, among others. Bed linen accounted for the highest market share. A key reason for increased spending on bed linens is the growing awareness of the numerous physical and mental benefits offered by good sleep. This has encouraged manufacturers to offer new and improved quality products with attractive designs.
Mexico Home Textile Industry Overview
The report covers major international players operating in the Mexican home textile market. In terms of market share, some of the major players currently dominate the market. However, with technological advancement and product innovation, midsize to smaller companies are increasing their market presence by securing new contracts and tapping new markets.
Mexico Home Textile Market Leaders
CS Tech Manufacturing
*Disclaimer: Major Players sorted in no particular order
Mexico Home Textile Market News
- September 2023: PVH Corp’s PVH wholly owned subsidiary Calvin Klein announced a license agreement with Revman. The new Calvin Klein home collections will be launched at the New York Home Textiles Market.
- March 2022: Elis acquired a Mexican workwear firm with over USD 80 million in turnover. It was part of its acquisition after the Brazil, Chile, and Colombia expansions. Elis is an international multi-service provider offering textile hygiene and facility services solutions.
- February 2022: Baldwin Technology Company Inc. has forged a partnership with Blutec S.A. de C.V. With this partnership, Blutec S.A. will be representing Baldwin's full range of innovative spray systems and corona/plasma treaters for wovens, knits, and nonwovens in Mexico. Blutec is a leading agency in the textile sector, representing many of the most reputable textile machinery manufacturers worldwide
Mexico Home Textile Market Report - Table of Contents
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Value Chain Analysis
4.5 Industry Attractiveness - Porter's Five Forces Analysis
4.5.1 Bargaining Power of Buyers
4.5.2 Bargaining Power of Suppliers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitutes
4.5.5 Intensity of Competitive Rivalry
4.6 Insights of Technology Innovations in the Market
4.7 Insights on Regulatory Landscape Impacting the Market
4.8 Insights on Consumer Behavior and Recent Trends in the Market
4.9 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Product
5.1.1 Bed Linen
5.1.2 Bath Linen
5.1.3 Kitchen Linen
5.1.4 Upholstery Covering
5.1.5 Floor Covering
5.2 By Distribution Channel
5.2.1 Supermarkets & Hypermarkets
5.2.2 Specialty Stores
5.2.4 Other Distribution Channels
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Muller Textiles
6.2.2 Marina Textiles
6.2.3 CS Tech Manufacturing
6.2.4 DyStar Group
6.2.5 Kaltex Homea
6.2.6 Textiles Franks
6.2.9 Poliuretanos SA de CV
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Mexico Home Textile Market Research FAQs
What is the current Mexico Home Textile Market size?
The Mexico Home Textile Market is projected to register a CAGR of greater than 4% during the forecast period (2023-2028)
Who are the key players in Mexico Home Textile Market?
Muller Textiles, Marina Textiles, CS Tech Manufacturing, DyStar Group and Kaltex Home are the major companies operating in the Mexico Home Textile Market.
Mexico Home Textile Industry Report
Statistics for the 2023 Mexico Home Textile market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Mexico Home Textile analysis includes a market forecast outlook to for 2023 to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.