The global textile home decor market is valued at US$ 97.6 Mn, and is expected to surpass US$ 163 Mn by 2031, expanding at a CAGR of 6.5% over the 2021-2031 assessment period.
Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global Textile Home Decor market. The report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth.
Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the report elaborates the market behavior of each vendor operating in the Textile Home Decor market.
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Key findings of the Textile Home Decor market study:
- Regional breakdown of the Textile Home Decor market based on predefined taxonomy.
- Innovative manufacturing processes implemented by Textile Home Decor vendors in detail.
- Region-wise and country-wise fragmentation of the Textile Home Decor market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global Textile Home Decor market.
Key Companies Profiled
- Inter IKEA Systems B.V.
- Bombay Dyeing
- Vescom B.V.
- Mannington Mills, Inc.
- Kimball International. Inc.
- Kurlon Enterprise Limited
- American Textile
- Nitori Holdings
- Avanti Linens
- Williams-Sonoma, Inc.
- Leggett & Platt
- Mittal International
- Ashley Furniture Industries
- Mohawk Industries
- Trident Group
Key Trends:
- Sustainability and Eco-Friendly Products: Consumers were increasingly looking for sustainable and eco-friendly textile home decor products. This trend included demand for organic and recycled materials, as well as products that are ethically produced and have a lower environmental impact.
- Digital Printing and Customization: Digital printing technology was gaining popularity, allowing consumers to personalize and customize their home decor items with unique designs, patterns, and colors. This gave rise to on-demand production and unique, one-of-a-kind pieces.
- Smart Textiles: The integration of technology into textiles for home decor was on the rise. Smart textiles, including items with built-in LEDs, heating elements, or even touch-sensitive fabrics, were becoming more common.
- Natural and Neutral Color Palettes: Natural and neutral color schemes, such as earthy tones and muted pastels, were in vogue for home decor textiles. These colors create a calming and soothing environment, aligning with the desire for tranquility in the home.
- Textured Fabrics: Textured fabrics, such as bouclé, chenille, and corduroy, were gaining popularity for their tactile appeal. These added depth and visual interest to home decor items like sofas, cushions, and curtains.
- Global and Bohemian Influences: A global and bohemian aesthetic was making its way into home decor textiles. This trend included the use of ethnic prints, patterns, and textures that reflected a more eclectic and well-traveled style.
- Sustainable Packaging: Beyond the textile products themselves, the way they were packaged and delivered was also a trend. Companies were focusing on reducing packaging waste and using eco-friendly materials for packaging.
- Online Retail and Direct-to-Consumer Sales: Online shopping and direct-to-consumer sales were on the rise, enabling consumers to browse a wide range of textile home decor options and make purchases without visiting physical stores.
- Artisan and Handcrafted Textiles: Consumers were increasingly valuing handcrafted and artisanal textiles, which often came with a unique story and were made with care and attention to detail.
- Vintage and Retro Revival: Nostalgia for vintage and retro designs influenced textile home decor, with many consumers seeking items with a mid-century modern, 1970s, or 1980s aesthetic.
Competitive Landscape
The global textile home decoration market is highly competitive, and in order to cope up with the competition, manufacturers are adopting several marketing strategies such as mergers, expansions, acquisitions, and partnerships, along with product innovation, to create a larger customer base and increase their market share.
For instance :
- A London-based label – Shrimps, launched a textile home decor product in collaboration with Habitat.
Key Segments in Textile Home Decor Industry Survey
- By Product Type :
- Floor Coverings
- Kitchen Linen
- Bath/Toilet
- Bed linen & Bedspread
- Others
- By Application :
- Indoor Decor
- Outdoor Decor
- By Sales Channel :
- Offline Channels
- Hypermarkets/Supermarkets
- Independent Small Stores
- Retail Stores
- Other Sales Channels
- Online Channels
- Brand/Company’s Website
- E-commerce platforms
- Offline Channels
- By Region :
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East Africa
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Queries addressed in the Textile Home Decor market report:
- Why are the Textile Home Decor market players targeting region for increased product sales?
- What patented technologies are the players utilizing in the global Textile Home Decor market?
- Which regions are displaying the fastest growth in the Textile Home Decor market?
- What are the underlying micro- macroeconomic factors affecting the global Textile Home Decor market?
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