Market Size of UAE Home Textiles Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 4.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
UAE Home Textile Market Analysis
The UAE Home Textiles Market has generated revenue of more than USD 140 Million in the current year and is poised to achieve a CAGR of more than 4% for the forecast period.
The textile industry is immense and adds value to the growth of countries around the globe. The UAE enjoys a strategic geographic location and also emerges as a major re-export destination for other neighboring countries in the GCC (Gulf Cooperation Council) drawing the attention of many investors around the globe. UAE had a lead in oil for years and is merging to be a textile and clothing merging hub. Accounting for almost a 5.5% share of the world trade, the Middle East ranks as the fourth biggest exporter of fashion and clothing accessories.
Due to COVID-19, The industry faced a complete shutdown for around 2-3 months. Disrupted logistics and frozen external trade caused by the pandemic affected the entire value chain alike. Most people were stuck at home and did not need to dress up as they usually would which led to a decrease in demand affecting the fashion industry negatively. After COVID-19, the UAE can attract textile businesses from across the globe moving their business base to one of its emirates, Fujairah. The growth of stylish home textiles is another major factor that is likely to increase the demand in the market as restrictions are uplifted. High-end and premium home textiles are leveraging in the market owing to a rise in consumer spending and higher investments in the country. Growth in the hospitality sector with rising number of expatriates is expected to lead demand in bed linen and bath linen segments of the market and uplifting textile market in UAE as well as globally.
