Textile Home Decor Market Size
|Study Period:||2018 - 2028|
|Fastest Growing Market:||North America|
*Disclaimer: Major Players sorted in no particular order
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Textile Home Decor Market Analysis
The global textile home decor market is growing at a CAGR of 7.32% during the forecast period.
The market for textile home decor is driven by fast-changing lifestyles, growing real estate, and increasing urbanization. Traditional textile home décor retailers are focusing more on increasing sales by offering various promotional strategies that are attracting consumers to offline retail stores. Although most purchasing of textile home decor products occurs through offline retail stores, online retail stores have witnessed significant growth in the last few years as more consumers are influenced by the convenience and product offerings of online retail stores. Due to an increase in the number of opulent consumers, the worldwide textile home decor market has been expanding in emerging economies. Additionally, customers' desire for eco-friendly home decor goods has changed as a result of increased environmental awareness, which is a major driving force behind market expansion worldwide. Additionally, rising consumer disposable income in developed and emerging markets drives market expansion. Also, intensive marketing campaigns and celebrity endorsements have made a big difference in the expansion of the global market.
On the segmentation front, bed linen and bedspreads account for the largest share of the global market. However, the wall-covering and floor-covering sectors have witnessed a rising trend. Nonetheless, a few factors restrain the global market for home decor products, including the increasing price of raw materials. For instance, according to the Office of Economic Adviser (India), during the fiscal year 2022, the wholesale price index for cotton yarn in India exceeded 140. Over the past decade, the price index value has climbed by roughly 40%. Furthermore, the availability of low-quality and counterfeit goods as well as variations in the cost of the raw materials used to make these goods limit market expansion.
Textile Home Decor Industry Segmentation
A subset of the textile industry used for home furnishings is known as "home textile decor." It consists of clothing and textiles for the interiors of the home. The textile home decor market has been segmented by product type, distribution channel, and geography. Based on product type, the market is segmented into bed linen and bedspreads, floor coverings, kitchen and dining linens, bath and toilet linens, upholstery, and other product types. By distribution channel, the market is segmented into supermarkets and hypermarkets, specialty stores, online retail stores, and other distribution channels. Also, the study provides an analysis of the textile home decor market in emerging and established markets across the globe, including North America, Europe, Asia-Pacific, South America, the Middle East, and Africa. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).
|Bed Linen & Bedspread|
|Kitchen & Dining Linen|
|Other Product Types|
|Online Retail Stores|
|Other Distribution Channels|
Textile Home Decor Market Trends
This section covers the major market trends shaping the Textile Home Decor Market according to our research experts:
Rising Consumption Expenditure On Household Textiles
Household consumption expenditure is the market value of all goods and services purchased by households, including durable goods.For instance, according to the Bureau of Labor Statistics, the average annual expenditures of American households in 2021 came to roughly USD 66,928—an increase of about 9% from the year before. A rise in consumption and expenditure among consumers on household textile products such as home furnishings, curtains, bedding, and apparel has been witnessed with an increasing trend. Furthermore, the inclusion of diverse and advanced textiles for high-tech end uses such as smart materials has significantly boosted the global market.Additionally, rising consumer preference towards using high-quality decorating products, known for their impact on social status, has also boosted the demand for textile home décor products.
Residential construction accounts for a substantial market share in the textile home decor market and is expected to witness a significant growth rate. Employment opportunities and population growth are fundamental drivers of rising demand for new housing as sustained population growth across the world has led to increased demand for all dwellings, including apartments.
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North America is The Fastest Growing Region in The Global Market
Because of rising spending power and increasing urbanization in the region, the North American region is expected to show an increasing trend in the market.Other prominent supplier countries include Turkey, Belgium, Germany, the Netherlands, the United States, Portugal, and Poland. Additionally, an improved distribution network facilitates easier and wider availability of textile home decor products and designs for consumers, influencing sales of textile home decor products through both offline and online retail stores.
In addition, as people look for replacement items for their new living spaces, the surge in new building development and the number of single-person homes in the area are both boosting demand for home furnishings like home textiles. For instance, according to the US Census Bureau, in 2022, approximately 37.89 million single-person-led households were in the United States. This is an increase from the previous year, when there were 36.5 million single-person households in the United States. The market for home textiles is further fueled by the commercial sector, as hotels, resorts, and restaurants are demonstrating a developing preference for cutting-edge home décor items like bed linens. One of the most recent trends is an increase in the market for home textiles with digital printing, and producers are focusing on introducing new items in creative ways to fuel this trend across the region.
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Textile Home Decor Industry Overview
The global textile home decor market is highly competitive and fragmented owing to the presence of many regional and domestic players. The prominent players in the market are focusing on product launches, expansion, research, and development to offer diversified and advanced textile inclusion for high-tech end uses such as smart materials, further extending profitable opportunities to the market players in the forecast period. For instance, in December 2022, the Indian Trident Group launched bed linen featuring HEIQ technology. It can be used during the finishing stage of the textile manufacturing process and helps reduce inanimate allergens such as house dust mite matter and pet allergens. The technology was tested and certified by BMA Laboratories in the German city of Bochum, and it had also been awarded the Allergy UK Seal of Approval from the British Allergy Foundation. Some of the prominent payers in the market studied include Inter IKEA Holding B.V., Bed Bath & Beyond Inc., Ashley Furniture Industries, Inc., Williams-Sonoma, Inc., and Kimball International, Inc.
Textile Home Decor Market Leaders
Inter IKEA Holding B.V.
Bed Bath & Beyond Inc.
Ashley Furniture Industries, Inc.
Kimball International, Inc.
*Disclaimer: Major Players sorted in no particular order
Textile Home Decor Market News
- June 2022: The largest IKEA retailer, Ingka Group, opened the first IKEA store in India's southern state of Karnataka. The newest Ikea store in Bengaluru is located in Nagasandra and will measure approximately 42,000 square meters. It will provide over 7,000 products representing local home furnishing requirements, including textile home decor products.
- November 2021: Kroger and Bed Bath & Beyond partnered to develop a new e-commerce marketplace. The multi-category collaboration expands both firms' reach by offering items from Bed Bath & Beyond and its Buybuy Baby chain on Kroger's Ship marketplace, such as bedding, storage, and baby furniture. Bed Bath & Beyond store brands such as Nestwell, Haven, Simply Essential, Our Table, Wild Sage, Squared Away, Studio 3B, and H for Happy, as well as national brands, will be available to Kroger shoppers.
- June 2021: Kimball International Inc., with headquarters in Jasper, announced its plans to grow its warehousing operations. The company that makes commercial furniture announced that it wants to build a 220,000-square-foot warehouse at its industrial complex in Dubois County.
Textile Home Decor 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
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Product Type
5.1.1 Bed Linen & Bedspread
5.1.2 Floor Coverings
5.1.3 Kitchen & Dining Linen
5.1.4 Bath/Toilet Linen
5.1.6 Other Product Types
5.2 Distribution Channel
5.2.2 Specialty Stores
5.2.3 Online Retail Stores
5.2.4 Other Distribution Channels
5.3.1 North America
220.127.116.11 United States
18.104.22.168 Rest of North America
22.214.171.124 United Kingdom
126.96.36.199 Rest of Europe
188.8.131.52 Rest of Asia-Pacific
5.3.4 South America
184.108.40.206 Rest of South America
5.3.5 Middle-East and Africa
220.127.116.11 South Africa
18.104.22.168 Saudi Arabia
22.214.171.124 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Strategies Adopted by Leading Players
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Inter IKEA Holding B.V.
6.3.2 Kimball International, Inc.
6.3.3 Mannington Mills, Inc.
6.3.4 Wadia Group (Bombay Dyeing)
6.3.5 Vescom Group
6.3.6 Nitori Holdings Group
6.3.7 Bed Bath & Beyond Inc.
6.3.8 Ashley Furniture Industries, Inc.
6.3.9 Berkshire Hathaway Inc
6.3.10 Williams-Sonoma, Inc.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Textile Home Decor Market Research FAQs
What is the study period of this market?
The Textile Home Decor Market is studied from 2018 - 2028.
What is the growth rate of Textile Home Decor Market?
The Textile Home Decor Market is growing at a CAGR of 7.32% over the next 5 years.
Which region has highest growth rate in Textile Home Decor Market?
North America is growing at the highest CAGR over 2018 - 2028.
Which region has largest share in Textile Home Decor Market?
Europe holds highest share in 2022.
Who are the key players in Textile Home Decor Market?
Inter IKEA Holding B.V., Bed Bath & Beyond Inc., Ashley Furniture Industries, Inc., Williams-Sonoma, Inc., Kimball International, Inc. are the major companies operating in Textile Home Decor Market.
Textile Home Decor Industry Report
Statistics for the 2023 Textile Home Decor market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Textile Home Decor analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.