Market Trends of United States Home Textile Industry
This section covers the major market trends shaping the US Home Textile Market according to our research experts:
Increasing Sector of Real Estate is Driving the Market
Home textiles are fabrics that are used for home furnishings. The growing real estate market and improving living standards have resulted in increased spending on home decoration and interior. In addition, changing trends in home furnishing is expected to boost the market growth further. The real estate industry has witnessed significant market growth owing to increasing disposable income. The increasing growth rate of new constructions is one of the key factors augmenting market growth over the forecast years.
Home Renovation is Driving the Market
Home renovation means creating a new appearance for the home. Growing consumer spending on home renovation and the emergence of e-commerce with several shopping websites are some factors expected to drive the growth of the home textile market. Home textiles have gained a high acceptance among homeowners who want to renovate their home interior and exterior. The impact of this factor would increase during the forecast period, thereby consequentially promoting the demand for home textiles, during the forecast period. The increasing home renovation projects in the country are also impacting the growth of the market by creating opportunities for home textile producers.
