3D Fabrics Gain Popularity Due to Superior Insulation Characteristics

Innovations in 3D cotton textiles are bringing about a change in the home textile products market. Manufacturers are increasing research in human psychology, material characteristics, and its environmental effects to develop innovative products. Since wool provides excellent thermal insulation, companies are developing new materials such as the ‘hollow cotton yarn’ by blending cotton with polymer. Thus, fluffiness, softness, and superior insulation characteristics of hollow cotton yarn are being highly publicized in the market for home textile products.

Fabric construction is another innovative concept, which is gaining importance in the home textile products market. Manufacturers are increasing efforts to develop 3D fabric structures by joining two facing fabrics with a spacer filament. Such innovations are triggering market growth whilst the market for home textile products is estimated to reach an output of ~4,000 million units by the end of 2027. Novel 3D fabrics are acquiring popularity for its superior insulation characteristics.

home textile products market infographic

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Companies Focus on Achieving Sustainable Production Practices

Circular economy and sustainability are key focus points that are revolutionizing the home textile products market. Stakeholders are increasing efforts to present smart material innovations that cater to responsible innovations in yarn. For instance, Asahi Kasei-a Japan-based chemicals company, is focusing on the development of smart fiber made from cotton linter that does not deplete forest resources. Commitment of stakeholders toward responsible innovation has helped manufacturers in the market for home textile products to bolster their credibility in the global landscape.

On the other hand, regenerated cellulose fiber is gaining prominence in the market for home textile products. This novel fiber derived from cotton is being highly marketed for its fully circular attributes. The Introduction of entirely biodegradable and ecotoxicity-free yarns are key drivers contributing to market growth. Companies are setting their collaboration wheels in motion to combine precious raw materials with distinctive features. They are increasing their production capacities to manufacture new linen blends that are giving rise to breathable and soft fabrics.

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Sustainable Silks Grab Attention of Fabric Innovators for Development of Lightweight Products

Consumers are growing increasingly aware about vegan silk, since conventional silk is one of the most polluting material in the market for home textile products. Thus, cruelty-free silk is grabbing the attention of eco-conscious consumers. Other innovative silk materials such as soy silk, spider silk, and art silk are creating incremental opportunities for manufacturers in the home textile products market. The growing number of home apparel brands are embracing sustainable silks that has led to fast growth of the home textile products market, which is estimated to reach a revenue of ~US$ 140 Bn by the end of 2027. Thus, manufacturers in the market for home textile products are increasing research in biodegradable materials to gain competitive edge in the market landscape.

On the other hand, fabric innovators are increasing their efficacy in silk made from orange peels. Thus, its lightweight and versatile qualities are grabbing the attention of individuals that are willing to incorporate home products made from innovative materials.

Industry 4.0 and Opportunities in Europe Drive Market Growth

Rapid growth of industry 4.0 and the need for more sustainable manufacturing methods are some of the key drivers contributing to the growth of the home textile products market. Advanced sensor technologies are enabling stakeholders to access comprehensive technical machine data to achieve sustainable production goals. For instance, the Bierbaum Group-a well-known Irisette bedding brand is celebrating its 125th anniversary this year by introducing products that are German Government’s new Grüner Knopf textile seal approved.

On the other hand, companies in the home textile products market are tapping into opportunities with synthetic leathers for the development of innovative home surfaces. This is evident since synthetic material segment is estimated to account for a significant share of the home textile products market. The home textiles sector is anticipated to gain strong business grounds in Germany. As such, this market in Europe is estimated to generate second-highest revenue.

home textile products market segmentation

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Analysts’ Viewpoint

The home textile products market is expected to expand at a modest CAGR of ~5% during the forecast period. Companies should leverage opportunities in Asia Pacific, since leading players have strong production and business prominence in the rapidly growing economy.

Moreover, 3D cotton textiles are generating incremental opportunities for manufacturers. However, cotton is notorious for excessive freshwater consumption, thus creating a stress on natural resources. Hence, manufacturers should increase their efficacy in alternative cotton materials such as hemp, lotus, and nettles to prevent the exploitation of natural resources. Since sustainability and circular economy are raising the bar for new industry standards in the market, companies should increase R&D in energy-efficient production practices.

Home Textile Products Market: Overview

  • Home textile products are natural or artificial flexible fabrics designed for home furnishing and decoration. Apart from decorative applications, home textile products can be used across various functions such as carpeting, as window shades, towels, and table & bed coverings. Fabric blending is done in some instances to enhance the durability of home textile products. Usually, these textiles are produced by knitting, weaving, knotting, crocheting, and pressing fiber together.

Home Textile Products Market: Regional Overview

  • Asia Pacific is the largest market accounting for ~40% of the total revenue. Europe was the second largest market in the global home textile industry in 2018. It generates around 26% of the total home textile revenue globally. Strong product innovation among manufacturers with new designs in home textile products are expected to boost the market during the forecast period. In addition, penetration of creative products across the globe, found to be attractive among users, is influencing the overall growth of the home textile products market.

Home Textile Products: Market Trends

  • Environmentally sustainable home textile products over the year have become increasingly attractive as a business strategy. Manufacturers across the supply chain have been seen offering more sustainable and eco-friendly products made of natural fibers, which in principle are more sustainable than synthetic fibers.
  • Consumers belonging to the affluent class have promoted refined taste in terms of quality and design, with price being no constraint, whereas mid and economy segment consumers offer huge volumes for reasonably priced products

Home Textile Products Market: Drivers and Opportunities

  • The global consumption of home textile products is expected to experience continuous growth, and the expansion of home furnishings is believed to be associated with the overall health of the economy. Higher disposable incomes are expected to translate to much higher spending on home textiles. Brands and retailers have a role in making furnishings a style statement, which can ensure consistency in demand.
  • Domestic e-Commerce retailers such as Amazon, Walmart, Ikea, and Snapdeal have grown massively in the past five years and are expanding at ~19% annually
  • These e-Commerce platforms not only offer a common and easy access to market place, but have introduced their private labels for home textile products. These private labels offer economical curtains, bed linen, table linen, and blankets, which has helped to expand the domestic market worldwide.
  • The increase in both exports and domestic demand provides manufacturers with an opportunity to balance both, and maximize their profit margins

Home Textile Products Market: Key Segments

  • The global home textile products market has been segmented based on product, material, distribution channel, end use, woven fabric type, and region
  • In terms of product type, the global home textile products market has been divided into window coverings (curtains, blinds [roller blinds, venetian blinds, and others], sun filters, and drapes), upholstery fabric, bed linen (bed sheets, bed spreads, pillows & pillow covers, and others), table linen (runners, table skirting, table mats, and others), bathroom linen (bath towels, bath mats, face towels, and others), and others
  • On the basis of material, the global market has been classified into natural, synthetic, and blended
  • According to distribution channel, the global home textile products market has been divided into online (e-Commerce websites and company websites) and offline (supermarkets/hypermarkets, specialty stores, and retail stores)
  • Based on end use, the market has been classified into residential, commercial (hotels/resorts, offices, shops, and others), and contract sectors
  • On the basis of woven fabric type, the market has been classified into buckram fabric, casement fabric, georgette fabric, sheeting fabric, and others
  • Based on region, the global home textile products market has been divided into North America (U.S., Canada, and Rest of North America), Europe (U.K., France, Germany, and Rest of Europe), Asia Pacific (China, Japan, India, and Rest of Asia Pacific), Middle East & Africa (GCC, South Africa, and Rest of Middle East & Africa), and South America (Brazil and Rest of South America)

Home Textile Products Market: Competition Landscape

  • The global home textile products market is highly competitive with the presence of several global and regional players. Companies are investing in product innovation to increase their customer base. Furthermore, large number of manufacturers are engaging with local manufacturers and distributors to increase their presence or reach in different parts of the globe.
  • Some of the key players operating in the home textile products market are
    • Arvind Limited
    • Beyond Textiles Pvt. Ltd.
    • Dicitex
    • Evezary Co., Ltd.
    • Franco Manufacturing Company, Inc.
    • GHCL Limited
    • Grasim
    • Loftex China, LTD.
    • Luolai Home Textile
    • Mehera Shaw
    • Trident Group
    • Welspun Group

Home Textile Products Market – Scope of the Report

Transparency Market Research’s recent report on the home textile products market, with the help of a comprehensive outlook, provides readers with an assessment of the global market landscape. This study on the home textile products market analyzes the scenario for the period 2019 - 2027, wherein 2018 is the base year and 2017 and earlier is historical data. The report enables readers to make important decisions with regard to their business through a wealth of information enclosed in the study.

This TMR study on the home textile products market provides data on the developments undertaken by important players and stakeholders in the market, along with a competitive analysis. The report also provides an understanding of strengths, weaknesses, threats, and opportunities, along with trends and restraints in the landscape. Presented in a clear sanctioned manner, this report on the global home textile products market gives readers an individual understanding of the market.

The study discusses underlying trends and impact of various factors that drive the global home textile products market, along with their influence on the evolution of the market.

The study also offers Porter’s Five Force Analysis, value chain analysis, key trend analysis, and SWOT analysis of the global home textile products market in order to highlight the crucial growth tactics and opportunities for market players.

Key Questions Answered in This Report on Home Textile Products Market

  • How much revenue will the home textile products market generate by the end of the forecast period?
  • What application of home textiles is likely to gain the maximum market share by 2027?
  • What regions currently contribute the maximum share to the overall home textile products market?
  • What are the indicators expected to drive the global home textile products market?
  • Which region is likely to be a lucrative market during the forecast period?
  • What are the essential strategies incorporated by key stakeholders in the global home textile products market to expand their geographical presence?
  • What are the major advancements witnessed in the global home textile products market?

The report answers these questions and more about the global home textile products market, aiding major stakeholders and key players in making the right decisions and strategizing for the advancement of their business.

Home Textile Products Market – Research Methodology

The TMR report on the global home textile products market is based on a complete and comprehensive evaluation of the market backed by secondary and primary sources. The competitive scenario of the global home textile products market is supported by an assessment of different factors that influence the market on a minute and granular level. By thoroughly analyzing the historical data and current trends, researchers of the global home textile products market arrive at predictions and estimations, and calculate the forecast for the market.

The report uses an analytical triangulation method to estimate the numbers and figures of the global home textile products market with both bottom-up and top-down approaches.

The detailed assessment of the global home textile products market, along with an overview of the landscape is provided based on a careful examination of the avenues related to this market. Analysts’ conclusions on how the global home textile products market is set to grow are based on carefully vetted primary and secondary sources.

Competition Landscape

  • In this chapter, the report offers a dashboard view of the competition matrix of leading players in the global home textile products market, along with structural analysis
  • The report includes the below mentioned pointers of major players operating in the home textile products market:
    • Company Overview
    • Product Profiling
    • Product Innovation
    • Business Strategies/Recent Developments
      • Technological Advancements
      • Key Mergers & Acquisitions
      • Expansion Strategies
    • Company Financials

Some of the Key Players Covered Under the Scope Include:

  • Himatsingka Seide Ltd.
  • Grasim Industries Limited
  • Yuyue Home Textile Co., Ltd.
  • LOFTEX HOLDINGS SDN BHD
  • Secret Linen Store
  • Shanghai Luolai Home Textile Co., Ltd.
  • Evezary Co. Ltd.
  • ETRO S.p.A
  • Franco Manufacturing Company, Inc.
  • Trident Ltd.
  •  GHCL Limited
  • Welspun Group

 

Home Textile Products Market – Segmentation

The report on the global home textile products market provides information on the basis of product, woven fabric type, material, end use, distribution channel, and region.

Product

  • Window Coverings
    • Curtains
    • Blinds
    • Roller Blinds
    • Venetian Blinds
    • Others
    • Sun Filters
    • Drapes
  • Upholstery Fabric
  • Bed Linen
    • Bed Sheets
    • Bed Spreads
    • Pillows & Pillow Covers
    • Others
  • Table Linen
    • Runners
    • Table Skirting
    • Table Mats
    • Others
  • Bathroom Linen
    • Bath Towels
    • Bath Mats
    • Face Towels
    • Others
  • Others

Material

  • Natural
  • Synthetic
  • Blended

Distribution Channel

  • Online
    • e-Commerce Websites
    • Company Websites
  • Offline
    • Supermarkets/Hypermarkets
    • Specialty Stores
    • Retail Stores

End Use

  • Residential
    • Commercial
    • Hotels/Resorts
    • Offices
    • Shops
    • Others
  • Contract Sectors

Woven Fabric Type

  • Buckram Fabric
  • Casement Fabric
  • Georgette Fabric
  • Sheeting Fabric
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

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