Market Size of United States Home Textile Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 23.78 Billion |
| Market Size (2029) | USD 30.96 Billion |
| CAGR (2024 - 2029) | 5.42 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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US Home Textile Market Analysis
The United States Home Textile Market size is estimated at USD 23.78 billion in 2024, and is expected to reach USD 30.96 billion by 2029, growing at a CAGR of 5.42% during the forecast period (2024-2029).
The outbreak of the COVID-19 pandemic \had a significant impact on the United States home textile market. With many people working from home and spending less time outside, the demand for home textiles like bedding, curtains, and towels decreased. Consumers were also cutting back on non-essential purchases due to economic uncertainty. Many home textile manufacturers and suppliers relied on materials and products from overseas, particularly from China. The pandemic disrupted supply chains, leading to delays and shortages in some cases. To meet the increased demand for essential products like masks and personal protective equipment, some home textile manufacturers have pivoted to produce these items. This has led to changes in manufacturing and distribution processes.
Home Textile is a flexible woven material consisting of a network of natural or artificial fibers often referred to as thread or yarn. The United States is the biggest consumer of home textiles imports, with countries like India, China, and Pakistan being the key suppliers. The growing real estate market and consumer spending on home renovation are expected to drive market growth. The industry is witnessing steady growth driven by rising consumer spending on home renovation and fashion sensitivity toward household furnishing. Other factors influencing the market's growth are the rise in disposable incomes and the improving lifestyle of people. With the rising number of individuals owning homes, the home decor market is rising in the United States.
