Textiles Home Decor Market
Home decoration means making the interior space of the house more attractive and presentable for the inhabitants. Textile home décor, thus, refers to the home decoration materials like curtains, bed sheets, table covers, kitchen textiles, etc., which improve the overall appearance of a room.
The textiles home decor market is expected to show significant growth over the forecast time period, owing to the increasing consumer demand for home decoration materials. The growing urbanization and rapid modernization are also influencing people to upgrade their standards of living, which is another prime growth driver of the textiles home decor market. Improvements in the distribution facilities will further drive the textiles home decor market. However, the increasing cost of raw materials may limit the textiles home decor market. Alternatively, the increasing disposable income and changing lifestyle of the global population are expected to generate new market growth opportunities in the future.
The textiles home decor market is fragmented based on product, application, and distribution channel. The product category includes bath linen, rugs, bed linen, curtains, kitchen and dining linen, floor carpets, living room linen, and others. Bed linen is expected to dominate the market in the future, owing to the developing hospitality sector over the last few years. Curtains and living room linen are also expected to show substantial growth over the forecast time period, due to the flourishing real estate sector.
On the basis of application, the textiles home decor market includes indoor, outdoor, and others. The indoor segment dominates the market and is expected to continue its dominance in the years ahead, owing to its maximum application in bedrooms, kitchens, and living rooms of homes. The outdoor segment is also expected to show reasonable growth over the forecast timeframe.
By distribution channel, the textiles home decor market comprises specialty retail, B2B, hypermarkets/supermarkets, e-commerce, and others. E-commerce is the most rapidly growing segment and is expected to dominate the market in the future. This domination can be attributed to the facilities like a variety of choices, home delivery, and reliability for the consumers.
North America and Europe are expected to be the dominating regions in the textiles home decor market globally, due to the increasing urbanization, modernization, and high disposable income of the regional populations. The Asia Pacific textiles home decor market is expected to show substantial growth over the forecast time period, owing to the rural population migrating to urban areas and adopting the modern lifestyle.
Some key players in the textiles home decor market are Kurlon Enterprise, Leggett & Platt, Mannington Mills, Williams-Sonoma, Berkshire Hathaway, Ashley Furniture Industries, Mohawk Industries, Inter Ikea Systems, Mittal International, and American Textile.