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Textiles Home Decor Market Size By Product Type (Rugs and Carpets, Bed Linens, Cushions and Throws), By Distribution Channel (Online Retail, Department Stores), By Material (Polyester, Silk, Wool), By Geographic Scope And Forecast


Published on: 2024-08-08 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Textiles Home Decor Market Size By Product Type (Rugs and Carpets, Bed Linens, Cushions and Throws), By Distribution Channel (Online Retail, Department Stores), By Material (Polyester, Silk, Wool), By Geographic Scope And Forecast

Textiles Home Decor Market Size And Forecast

Textiles Home Decor Market size was valued at USD 113.75 Billion in 2024 and is projected to reach USD 187.12 Billion by 2031, growing at a CAGR of 6.42% from 2024 to 2031.

  • Textile home décor is the use of fabrics and textile materials to improve the aesthetics, comfort, and functionality of interior spaces. This includes curtains, upholstery, rugs, pillows, and bedding, which are all intended to complement a home’s general concept and feel. Textiles in home decor serve both functional and decorative purposes, providing insulation, softness, and color or pattern accents that can change the feel of a place.
  • Textiles in home décor are used in many aspects of interior design to create peaceful and welcoming living spaces. They have a significant impact on the style and ambiance of a room. For instance, curtains and drapes hinder natural light and give privacy while also providing texture and color. Couch textiles on furniture not only govern comfort but also play an important role in a room’s visual harmony. Rugs and carpets define specific regions of a room while adding warmth and noise reduction. Cushions and throws allow for seasonal modifications and personal expression with patterns and textures.
  • Textile technological advancements are enabling the production of fabrics that are not only long-lasting and luxurious but also environmentally friendly and simple to care for. Smart textiles with features such as temperature regulation or integrated lighting are anticipated to become more common, improving both comfort and convenience in home environments.
  • Furthermore, there is a rising emphasis on adopting sustainable fabrics and production practices, which reflects a larger trend of environmentally concerned customer choices. As interior design trends shift, textiles will continue to play an important part in creating homes that are both fashionable and sustainable.

Global Textiles Home Decor Market Dynamics

The key market dynamics that are shaping the global textiles home decor market include

Key Market Drivers

  • Growth in Real Estate and Housing Expansion in the real estate sector, particularly residential development and renovations, drives up demand for textiles and home furnishings. New homeowners and renovators frequently spend in curtains, upholstery, and other textiles to improve the aesthetics and functioning of their homes.
  • Focus on Sustainable MaterialsConsumers’ growing knowledge of environmental sustainability has led them to select eco-friendly fabrics created from organic cotton, bamboo, and recycled fibers. Manufacturers reacting to this need are including more sustainable solutions in their product lines.
  • Influence of Interior Design Trends Interior design trends and styles evolve, influencing textile preferences. The popularity of minimalist decor has increased demand for simple, beautiful fabrics, but bohemian or eclectic trends have sparked interest in bright prints and textures.
  • Consumer Preference for Personalization Consumers are increasingly looking for ways to personalize their living space. Textiles such as customizable curtains, bedding, and pillows enable people to express their distinctive style and preferences, boosting demand for a wide range of styles, colors, and patterns.

Key Challenges

  • Price SensitivityPrice sensitivity among consumers remains a fundamental concern in the textiles and home decor market. While there is a demand for quality and aesthetic appeal, many consumers are also concerned about their budget, which limits their willingness to invest in more expensive textile products.
  • Competition from Alternatives The textiles home decor business is up against competition from synthetic textiles, faux leather, and non-fabric alternatives such as vinyl or metal-based décor. These replacements frequently provide reduced prices or distinctive characteristics that appeal to a variety of consumer groups.
  • Supply Chain DisruptionsGlobal supply chain disruptions, such as raw material shortages, transportation delays, and geopolitical instability, can have an impact on textile availability and pricing. Manufacturers and merchants must overcome these obstacles to ensure consistent product availability and pricing.
  • Fast Fashion and Seasonal Trends Textile and home décor businesses face problems as fashion and home decor trends change quickly. To minimize excess inventory or stockouts, agile production, and inventory management systems must account for rapid shifts in customer preferences and seasonal demand changes.

Key Trends

  • Digital TransformationThe textiles home décor market is undergoing a digital change, as evidenced by the growth of e-commerce and the availability of virtual room visualization technologies. Online platforms provide consumers with convenience and a diverse selection of options, while augmented reality (AR) and virtual reality (VR) technology enable shoppers to see how textiles will look in their homes before making a purchase.
  • Biophilic DesignBiophilic design ideas, which stress interacting with nature indoors, are influencing textile and home decor trends. Natural fabrics like cotton, wool, and silk, as well as floral designs and earthy colors, are being used in home furnishings to create peaceful and renewing surroundings.
  • Flexible and Modular TextilesTextiles that provide flexibility and modularity are gaining popularity in the marketplace. Modular sofas with replaceable fabric cover, curtains with adjustable light filtering choices, and multipurpose textiles that serve both decorative and utilitarian purposes appeal to consumers looking for versatile and adaptable home design solutions.
  • Artisanal and Handcrafted TextilesThere is a growing respect for artisanal and handcrafted textiles in home décor. Customers admire the distinctiveness and artistry of handcrafted products, which frequently incorporate traditional techniques and cultural influences. This trend is consistent with a larger push toward authenticity and supporting local craftsmen and small businesses.

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Global Textiles Home Decor Market Regional Analysis

Here is a more detailed regional analysis of the global textiles home decor market

Europe

  • Europe’s dominance in the global textiles home decor market. The region’s increasing disposable income, allows customers to devote more resources to improving their living environments with high-quality home design products. This economic strength, notably in nations such as Germany and the United Kingdom, fuels a strong demand for textiles that combine aesthetic appeal with functional excellence.
  • Germany stands as a key market leader in Europe, with a strong emphasis on workmanship, durability, and timeless design. German consumers seek high-quality fabrics that are both elegant and long-lasting, expressing a cultural appreciation for heritage and painstaking craftsmanship. Meanwhile, the UK is experiencing the highest growth in the European market, thanks to shifting consumer tastes impacted by social media and digital platforms.
  • Social media has a tremendous impact on European decor trends, acting as a potent influencer of design aesthetics and customer preferences. Instagram and Pinterest provide a diverse range of interior design inspirations, pushing trends such as minimalist Scandinavian styling, artisanal craftsmanship, and ecological materials. This digital effect not only promotes product discovery but also motivates consumers to look for textiles that match their unique interests and lifestyle preferences, resulting in a vibrant and dynamic market environment throughout Europe.

Asia Pacific

  • The Asia Pacific region is seeing unprecedented expansion in the textiles and home decor market, owing to several dynamic reasons. A growing middle class in countries such as China and India has boosted demand for home design products, particularly textiles, as more people look to upgrade their living spaces with beautiful and functional furniture. This demographic shift is accompanied by rising urbanization, which has resulted in a massive market for textile home decor in urban areas where buyers prioritize updating their homes.
  • China is a major force in the Asia Pacific industry, with strong economic growth and a large customer base eager to invest in high-quality home décor. Meanwhile, India appears as a market with enormous development potential, fueled by rising disposable incomes and a growing population of homeowners eager to personalize their living spaces. The prevalence of online purchasing platforms has expedited market expansion by providing easy access to a wide range of home design solutions, including textiles to suit a variety of interests and preferences.
  • The Asia Pacific textiles home décor market is also being driven by changing consumer habits impacted by internet connectivity. Consumers can now explore and purchase home decor products online, driving retailers and manufacturers to offer creative designs and competitive pricing. This digital change not only broadens market reach but also generates a culture of home décor lovers ready to experiment with new styles and trends, resulting in a vibrant and rapidly developing market environment throughout the region.

Global Textiles Home Decor MarketSegmentation Analysis

The Global Textiles Home Decor Market is Segmented by Product Type, Distribution Channel, Material, And Geography.

Textiles Home Decor Market, By Product Type

  • Rugs and Carpets
  • Curtains and Drapes
  • Bed Linens
  • Cushions and Throws
  • Other Decorative Textiles

Based on Product Type, the market is bifurcated into Rugs and Carpets, Curtains and Drapes, Bed Linens, Cushions and Throws, and Other Decorative Textiles. Bed linens are the most popular textile home decor product, accounting for the majority of the market share. This dominance is likely related to their importance for comfort and sleep. However, pillows and throws are growing the fastest. This can be linked to their growing popularity as decorative additions, with consumers personalizing their environments and expressing their style through these contemporary goods.

Textiles Home Decor Market, By Distribution Channel

  • Online Retail
  • Specialty Stores
  • Department Stores
  • Home Improvement Stores

Based on Distribution Channel, the market is segmented into Online Retail, Specialty Stores, Department Stores, and Home Improvement Stores. Furniture accounts for the majority of the home decor sector, but textiles also play an important role. Within textiles, online retail is the fastest expanding segment. This is driven by convenience, competitive pricing, and the ability to compare a larger range of products. However, niche stores continue to dominate the market. They provide a selected assortment, customized attention, and the ability to physically experience the textiles, making them a strong competitor despite the online surge.

Textiles Home Decor Market, By Material

  • Polyester
  • Cotton
  • Silk
  • Wool

Based on Material, the market is fragmented into Polyester, Cotton, Silk, and Wool. Cotton is the most popular cloth in textile home decor. Its breathability, comfort, and low cost make it a popular material for everyday products such as bedsheets and towels. However, polyester is the fastest expanding sector. Its durability, stain resistance, and increased availability in sumptuous textures are fueling its popularity, particularly for curtains and throws.

Textiles Home Decor Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

On the basis of Geography, the Global Textiles Home Decor Market is classified into North America, Europe, Asia Pacific, and the Rest of the World. Europe has the largest market share. This is owing to a significant emphasis on quality, heritage, and classic design aesthetics, combined with large disposable incomes. Asia Pacific is the most rapidly expanding area in the textile home decor market. This expansion is being driven by a growing middle class, expanding urbanization, and an increasing internet-buying culture.

Key Players

The “Global Textiles Home Decor Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Inter IKEA Holding B.V., Bed Bath & Beyond, Inc., Ashley Furniture Industries, Inc., Williams-Sonoma, Inc., Kimball International, Inc., Mannington Mills, Inc., Companhia de Tecidos Norte de Minas, Kurlon Enterprise, American Textile, Leggett & Platt, Nitori Holdings, Bombay Dyeing (Wadia Group), Berkshire Hathaway, Inc., and Mohawk Industries. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Textiles Home Decor Market Recent Developments

  • In March 2023, Ashley Furniture opened a new Home Store branch in Denpasar, Indonesia, selling trendy home furniture at affordable prices. These strategic initiatives demonstrate Ashley Furniture’s commitment and aggressive efforts in the home furniture market, affecting the growth of the Home Decor Furnishing market.
  • In January 2023, Mannington Mills, Inc. launched new residential collections including broadloom carpets designed for comfort in all living spaces. This launch not only expanded Mannington Mills’ reach in the flooring area, but also helped the company boost its overall market share in the Home Decor Furnishings market.
  • In January 2023, BKS Textiles, an Indian-based home textile firm, announced plans to launch the eco-friendly bedding line “Ekoscious.” Cotton, hemp, linen, bamboo, recycled polyester, and Tencel are among the many ecological materials used in this collection.
  • In December 2022, Milan-based textile manufacturer Gruppo Piacenza SpA acquired Arte Tessile Sn, a specialized brand with competence in patternmaking for jacquard and raschel fabrics. These materials are often used in the manufacture of net curtains, tablecloths, and outerwear clothing.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2021-2031

BASE YEAR

2024

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2021-2023

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

Inter IKEA Holding B.V., Bed Bath & Beyond, Inc., Ashley Furniture Industries, Inc., Williams-Sonoma, Inc., Kimball International, Inc., Mannington Mills, Inc., Companhia de Tecidos Norte de Minas, Kurlon Enterprise, American Textile, Leggett & Platt, Nitori Holdings, Bombay Dyeing (Wadia Group), Berkshire Hathaway, Inc., and Mohawk Industries.

SEGMENTS COVERED

By Product Type, By Distribution Channel, By Material, And By Geography

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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