Product Overview
Fabrics used for home furnishing and decoration are known as home textiles. The home textile market contains a wide range of decorative and practical items for home decoration. Fabrics from both natural and artificial sources may be used to create home textiles. However, both of them are often combined to make a stronger fabric. In the global market, this industry has experienced consistent growth. The demand for home textile goods is evolving as a result of advances in 3D cotton textiles. To produce new products, manufacturers are increasing research into human psychology, material properties, and environmental effects. Companies are creating new fabrics, such as the "hollow cotton yarn," by combining cotton with polymer since wool offers excellent thermal insulation. Hollow cotton yarn's fluffiness, softness, and superior insulation properties are thus widely publicized in the market for home textile products. Consumers changing lifestyles, as well as their desire to decorate and furnish their homes according to the latest fashion trends, have resulted in high demand for home textiles around the world.
Market Highlights
Global Home Textile Products Market is expected to project a notable CAGR of 4.9% in 2030.
Global Home Textile Products Market to surpass USD XXXX million by 2030 from USD XXXX million in 2020 at a CAGR of 4.9% in the coming years, i.e., 2021-30. This growth is anticipated due to increasing mergers and acquisitions across various sectors which will create a worldwide demand for Home Textile Products. The growth of online stores is also propelling the selling of high-end products. E-commerce allows the simple purchasing of goods manufactured in remote locations. This, in turn, has made a major contribution to the development of the global Home Textile Products industry.
Global Home Textile Products Market: Segments
Bedroom linen segment to grow with the highest CAGR during 2020-30
Global Home Textile Products Market is segmented by product type into bedroom linen, bathroom linen, carpets, and floor covering, and others. Bedroom linen segment held the largest market share in the year 2020. The most popular items were bedspreads, blankets, and cushions and mattress covers, which helped the segment, retain its market supremacy. Mattresses with enhanced comfort, as well as curtains and bedspreads with unique designs, are the subject of major companies. The demand for bathroom linen items is expected to increase as this segment continues to innovate.
Online segment to grow with the highest CAGR during 2020-30
Global Home Textile Products Market is segmented by distribution channel into online and offline. Over the forecast period, the online distribution channel is projected to expand at the fastest pace. Sales via this channel have been powered by the increasing popularity of e-commerce platforms among manufacturers and high internet penetration.
Market Dynamics
Drivers
Growing Intention of Home Renovation and Rapid Urbanization
Some of the major factors expected to drive the growth of the global market include growing intention to upgrade the interior of homes, as well as a demand for decorative and durable home textile items. Furthermore, the rapidly expanding global real estate sector is another factor expected to boost the growth of the market. Increasing consumer spending on home renovations, as well as the advent of e-commerce with a slew of shopping websites, are expected to push the target market forward. Rapid urbanization and industrialization in developing countries has resulted in a rise in the populace's disposable income as well as an improvement in their standard of living.
Changing Home Furnishing Patterns and Growth in End-Users
Global market is expected to be driven by growth in end-use sectors such as hospitality and residential, as well as increasing awareness about evolving home decor trends. In addition, changing home furnishing patterns are expected to fuel demand growth even further.
Restraint
Availability of Counterfeit Goods
The availability of counterfeit goods in the local market is expected to be a significant stumbling block to global market expansion. Rising production costs for the market are having a negative effect on the global Home Textile Products industry.
Global Home Textile Products Market: Key Players
Evezary Co., Ltd.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Franco Manufacturing Company, Inc.
GHCL Limited
Grasim
Loftex China, LTD.
Luolai Home Textile
Mehera Shaw
Trident Group
Welspun Group
Other Prominent Players
Global Home Textile Products Market: Regions
Global Home Textile Products Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa.
Global Home Textile Products in Asia Pacific held the largest market share in the year 2020 in terms of revenue as a result of the growing export of textile products around the world. Furthermore, rapid urbanization, an improved standard of living, and increased purchasing power are some of the main factors expected to help the market's revenue growth in the region. Furthermore, as people become more interested in modernizing their homes' interiors, there is an increase in demand for home textiles such as bed sheets, pillows & covers, curtains, and other similar products. Surging per capita spending, the availability of potential buyers in the industry, growing investments by major regional players, improving consumer lifestyles, and other factors are driving the demand for home textile in the market.
Global Home Textile Products Market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Global Home Textile Products Market report also contains analysis on:
Home Textile Products Market Segments:
By Product Type
Bedroom Linen
Bathroom Linen
Carpets and Floor Coverings
Others
By Distribution Channel
Online
Offline
Home Textile Products Market Dynamics
Home Textile Products Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
Home Textile Products Market Report Scope and Segmentation
Frequently Asked Questions
How big is the Home Textile Products market
What is the Home Textile Products market growth
Which segment accounted for the largest Home Textile Products market share
Who are the key players in the Home Textile Products market
What are the factors driving the Home Textile Products market
Contents
1. Executive Summary
2. Global Home Textile Products Market
1. Product Overview
2. Market Definition
3. Segmentation
4. Assumptions and Acronyms
3. Research Methodology
1. Research Objectives
2. Primary Research
3. Secondary Research
4. Forecast Model
5. Market Size Estimation
4. Average Pricing Analysis
5. Macro-Economic Indicators
6. Market Dynamics
1. Growth Drivers
2. Restraints
3. Opportunity
4. Trends
7. Correlation & Regression Analysis
1. Correlation Matrix
2. Regression Matrix
8. Recent Development, Policies & Regulatory Landscape
9. Risk Analysis
1. Demand Risk Analysis
2. Supply Risk Analysis
10. Global Home Textile Products Market Analysis
1. Porters Five Forces
1. Threat of New Entrants
2. Bargaining Power of Suppliers
3. Threat of Substitutes
4. Rivalry
2. PEST Analysis
1. Political
2. Economic
3. Social
4. Technological
11. Global Home Textile Products Market
1. Market Size & forecast, 2020A-2030F
1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. By Volume (Million Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12. Global Home Textile Products Market: Market Segmentation
1. By Regions
1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. By Product Type: Market Share (2020-2030F)
1. Bedroom linen, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. Bathroom linen, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
3. Carpets and floor coverings, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
4. Others, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
3. By Distribution Channel: Market Share (2020-2030F)
1. Online, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. Offline, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
Company Profile
1. Evezary Co., Ltd.
1. Company Overview
2. Company Total Revenue (Financials)
3. Market Potential
4. Global Presence
5. Key Performance Indicators
6. SWOT Analysis
7. Product Launch
2. Franco Manufacturing Company, Inc.
3. GHCL Limited
4. Grasim
5. Loftex China, LTD.
6. Luolai Home Textile
7. Mehera Shaw
8. Trident Group
9. Welspun Group
10. Other Prominent Players
Consultant Recommendation
**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
Historical Data (2015-2019) |
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Influencing Factors |
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Market Forecast (2021-2026) |
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
Market Size |
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Market Position of Top Company |
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Qualitative Analysis |
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
Primary Sources | Parameters | Key Data |
Market Segments(by Application, by Type) |
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Total Market |
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