Home Textile Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Home Textile Market Analysis

The Home Textile Market size is estimated at USD 134.13 billion in 2024, and is expected to reach USD 175.64 billion by 2029, growing at a CAGR of 5.54% during the forecast period (2024-2029).

Home textiles have transformed from being a basic necessity in modern households worldwide. They are now seen as a crucial representation of a homeowner's uniqueness, choices, and style. Manufacturers of these items have consistently worked towards introducing new designs, styles, high-quality materials, patterns, and uses to attract a broader range of consumers. As the real estate sector thrives and living standards improve, interior design and home decor spending has also risen. As a result, this trend is predicted to contribute significantly to market growth during the forecasted period.

The industry is witnessing steady growth driven by rising consumer spending on home renovation, growing residential real estate, and fashion sensitivity toward household furnishing. The United States and Europe are some of the biggest consumers, constituting more than 50% of the home textiles imports, with countries such as India, China, and Pakistan being the key suppliers. During the pandemic, all countries restricted their supply chain, which had a direct effect on the growth of the home textile market during the period. After the countries lifted their restrictions, the market returned to its pre-pandemic status.

Governments and favorable regulatory policies are anticipated to catalyze market disruption in the rising industry. This support has led to increased investments in the market, thereby bolstering its development. The global home textile market will likely encounter significant challenges due to the high costs associated with logistics. However, the expanding real estate market and the growing consumer expenditure on home renovation are projected to fuel market growth. The increase in popularity of smart homes and the rise in infrastructural development worldwide will lead to market growth during the forecast period. Furthermore, the evolving interior design trends in residential and commercial spaces are contributing to the positive momentum of the home textile market.

Home Textile Market Trends

Bed Linen and Bed Spread Segment is the Largest Growing Segment in the Market

Home Textile Industry Segmentation

Home textiles refer to fabrics and garments specifically intended for enhancing the décor of a residential environment. The report provides a comprehensive analysis of the home textile market, encompassing an evaluation of economic factors and sectoral contributions, an overview of the market landscape, an estimation of market size for critical segments, an identification of emerging trends within market segments, an exploration of market dynamics, and examination of logistics expenditures by end-user industries.

The market is segmented by product, by distribution channel, and by geography. The market is further segmented by product into bed linen and bedspread, bathroom linen, kitchen linen, upholstery, curtains, and floor coverings. The market is further segmented by distribution channel into supermarkets/hypermarkets, specialty stores, online, and other distribution channels. And by geography, North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa. The report offers market sizing and forecasts for home textiles in value (USD) for all the above segments.