Market Size of Canada Home Textile Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 2.90 Billion |
Market Size (2029) | USD 3.68 Billion |
CAGR (2024 - 2029) | 4.93 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Canada Home Textiles Market Analysis
The Canada Home Textile Market size is estimated at USD 2.9 billion in 2024, and is expected to reach USD 3.68 billion by 2029, growing at a CAGR of 4.93% during the forecast period (2024-2029).
Due to COVID-19, all economic activities except essential goods and services came to a standstill. The Canadian home textile industry was no exception to this. The industry faced a complete shutdown for around two to three months.
The Canadian home textile market is expected to register significant growth due to the growing demand for digitally printed home textiles. This is attributed to the high standard of living, inclination towards a luxurious lifestyle, and high disposable income of the population.
Moreover, the rising number of household constructions is expected to boost the market growth. Consumers who renovate their homes look for unique designs, styles, and colors in home textiles that could provide an aesthetic and modern look to their homes. Key factors driving the robust growth rate of Canada include surging per capita expenditure, availability of potential consumers in the market, increasing investments by major regional players, and improving lifestyles of consumers are driving the demand for home textiles in the market.
Canada Home Textiles Industry Segmentation
Home textiles are fabrics that are used for home furnishings. It includes a variety of decorative and functional products that are mostly used to decorate houses. A complete background analysis of the Canadian home textile market includes an assessment of the national accounts, economy, and emerging market trends by segment.
In addition, there are significant market dynamics changes, and the report covers the market overview. The Canadian home textile market is segmented by product (bed linen, bath linen, kitchen linen, upholstery, and floor covering) and distribution channel (supermarkets and hypermarkets, specialty stores, online, and other distribution channels). The report offers market size and forecasts for the Canadian home textile market in value (USD million) for all the above segments.
Type | |
Bed Linen | |
Bath Linen | |
Kitchen Linen | |
Upholstery | |
Floor Covering |
Distribution Channel | |
Supermarkets and Hypermarkets | |
Specialty Stores | |
Online | |
Other Distribution Channels |
Canada Home Textile Market Size Summary
The Canadian home textiles market is poised for substantial growth, driven by an increasing demand for digitally printed textiles and a rising standard of living. The market is experiencing a surge in interest due to consumers' inclination towards luxurious lifestyles and high disposable incomes. The growth is further fueled by the expanding construction sector and home renovation trends, where consumers seek unique and modern designs to enhance their living spaces. The proliferation of online shopping platforms has also contributed to this trend, encouraging consumers to invest in interior design services and premium home textile products. As a result, the market is witnessing a robust expansion, supported by rising per capita expenditure and investments from regional players.
The market landscape is characterized by the presence of major international players, with companies like Beco Home, Novo Textiles, and Marina Textiles leading the charge. However, technological advancements and product innovations are enabling mid-size and smaller companies to expand their market presence. The bedroom linen segment, in particular, has seen strong growth due to increased consumer interest in oversized beds and premium designer products. Events like the Apparel Textile Sourcing Canada trade show have reintroduced significant retail audiences, further stimulating market activity. Additionally, strategic acquisitions, such as Sleep Country Canada's majority share in Hush Blankets, highlight the dynamic nature of the market, as companies seek to enhance their product offerings and market reach.
Canada Home Textile Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Value Chain / Supply Chain Analysis
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1.5 Porter's Five Forces Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers/Consumers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitute Products
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1.5.5 Intensity of Competitive Rivalry
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1.6 Insights into Technological Advancements in the Industry
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1.7 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Bed Linen
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2.1.2 Bath Linen
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2.1.3 Kitchen Linen
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2.1.4 Upholstery
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2.1.5 Floor Covering
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2.2 Distribution Channel
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2.2.1 Supermarkets and Hypermarkets
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2.2.2 Specialty Stores
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2.2.3 Online
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2.2.4 Other Distribution Channels
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Canada Home Textile Market Size FAQs
How big is the Canada Home Textile Market?
The Canada Home Textile Market size is expected to reach USD 2.90 billion in 2024 and grow at a CAGR of 4.93% to reach USD 3.68 billion by 2029.
What is the current Canada Home Textile Market size?
In 2024, the Canada Home Textile Market size is expected to reach USD 2.90 billion.