The Global Home Textile Market Is Driven By Increasing Inclination Towards Modernizing The Interior Of Households

Home textiles also known as household textiles and are available in various types of fabrics. These textiles are used to decorate the interior of households. Home textiles have a comprehensive application such as commercial & Institutional usage purpose. Home textiles are found in motels, hotels, hospitals, homes, institutional halls, and other residential places. Home textile includes a variety of functional and decorative products such as cushions, covers, bedspreads, etc. These products are manufactured by using two types of fabric materials: man-made (artificial) fibers and natural fibers. Moreover, both types of fibers are blended together in order to make the material or fabric stronger and durable. Generally, home textiles are obtained through various processing methods which include weaving, knitting, crocheting, knotting, and pressing fibers together.

Growing residential and commercial construction activities globally is fueling demand for diverse home textile products. In addition, increasing inclination towards modernizing the interior structure coupled with increasing disposable income of the population is resulting in high demand for home textile products among individuals across the globe. Moreover, increasing urbanization, improved standard of living, the increasing spending power of the middle class population are some major aspects that may grow demand for home textile products. The rapid growth of the hospitality sector, an increasing number of luxurious hotels, resorts, and related accommodation spaces is supporting to increase the sales of these products which in turn, will fuel growth of the target market.

By type, the category includes towel, curtain & blind, bedding, carpet, kitchen linen and blanket. The bedding types include bedspreads, cushions and covers, mattresses, and others.  As these products offer comfort and leisure during sleeping and seating, thus will increase adoption of types of home decor products to enhance the comfort level of an individual.

The global home textile market is further categorized as application: family used and commercial used. The family used application is gaining preference significantly, owing to growing inclination towards adding aesthetic and decorative look to the household.

Among regions, Asia Pacific accounts for the largest regional share in the global home textile market. This is attributed to increasing demand and changing taste & preference for home decor. In addition, wide range of product range including unique and modern designs and colors available in developing countries in this region, especially in India, which is likely to surge demand for home textile across the globe. Increasing utilization of home textile products such as curtains, bed linens, carpets, etc. for changing interior of household in emerging countries such as India and China is resulting into increase in demand for these products. This is a factor supporting the revenue growth of the global market. Nevertheless, China and India are major Asia Pacific countries which are exporting textile products globally, which is positively impacting demand for home textile. The market in North America is estimated to register fastest growth in terms of revenue. This is attributed to increasing renovation activities among households. In addition, rise in construction of new buildings are fueling growth of the target market. Moreover, consumer’s preference for online platforms along with increasing purchasing power are some of the factors encouraging consumers to spend more on home textiles.

Major players operating in the global market are Shaw Industries, Welspun India Ltd, Mohawk, Springs Global, Luolai Home Textile, Sunvim, Sheridan, Ralph Lauren Corporation, Fuanna, Loftex, Shuixing Home Textile, Mendale Home Textile, GHCL, American Textile, Evezary, Beyond Home Textile, Shandong Weiqiao, Zucchi, Violet Home Textile, Veken Elite, and Beyond Home Textile.