Home Textiles Market to Grow Substantially at USD 133.4 billion by 2025
June
6, 2019: The global home textiles market size is expected to
reach at USD 133.4 billion by 2025 registering a CAGR of 5.01%, according to a
new report by Grand View Research, Inc. High demand for home textiles due to
increasing disposable income and improved living standards is driving the
global market. In addition, rapidly expanding real estate market is expected to
boost the market growth from 2019 to 2025.
Adoption of western
culture in developing regions of Asia Pacific is also expected to propel market
growth. Moreover, rising awareness about the benefits and comfort of these
stylish home textiles will also contribute to the market development. The retail
outlets distribution channel segment led the global market in 2018; whereas,
the online segment is projected to witness the fastest CAGR of 4.31% over the
forecast period.
Download
sample Copy of This Report at: https://www.radiantinsights.com/research/home-textiles-market/request-sample
Shopwelsun.in and Alibaba
are some of the major online portals for home textiles. Bedroom linen product
segment held the highest market share in 2018. This segment includes curtains,
bed spreads, cushion and cushion covers, and others. On the other hand, the
demand for bathroom linen is projected to witness a CAGR of 5.02% from 2019 to
2025. Changing home decor trends, frequent room makeovers, and short
replacement cycles are the key factors responsible for the segment growth.
Further
key findings from the study suggest::
• In terms of revenue,
bathroom linen is expected to register a CAGR of 5.02% from 2019 to 2025
followed by carpet and floor coverings at a CAGR of 4.99%
View
summary of this report @ https://www.radiantinsights.com/research/home-textiles-market
• Bedroom linen led the
global market in 2018 and is projected to expand further at a healthy CAGR from
2019 to 2025
• North America dominated
the home textiles market in 2018 and is projected to continue dominance over
the next few years
• Growing demand from the
Asia Pacific region on account of increased awareness and changing taste and
preference for home decor
• The market is highly
competitive with the strong presence of top companies including Welspun Group,
Springs Global, New Sega Home textiles, and Ralph Lauren Corporation
• Most of the
manufacturers focus on new product development and capacity expansion to
estimate the existing and future demand patterns
About
Radiant Insights
Radiant Insights is a
platform for companies looking to meet their market research and business
intelligence requirements. We assist and facilitate organizations and
individuals procure market research reports, helping them in the decision
making process. We have a comprehensive collection of reports, covering over 40
key industries and a host of micro markets. In addition to over extensive
database of reports, our experienced research coordinators also offer a host of
ancillary services such as, research partnerships/ tie-ups and customized
research solutions.
Michelle Thoras
Corporate Sales Specialist, USA
Radiant Insights, Inc
Phone: 1-415-349-0054
Toll Free: 1-888-202-9519
Email: sales@radiantinsights.com
Blog URL: http://consumergoods691.wordpress.com
Comments
Post a Comment