Global sales of textiles home décor are projected to bring in revenues over US$ 185,000 Mn by 2027-end.
Albany, NY -- (SBWIRE) -- 05/17/2018 -- Textiles are the convenient chameleons of the decorating world. Walls, furniture, and window coverings can be decorated with different textiles to make a mild room unique. A recent study, focusing on the global demand for textile home décor has been publicized to the vast archive of Market Research Hub (MRH), which clearly states that the global market for home décor textiles will record an impressive CAGR in the coming years. The study titled "Textiles Home Décor Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2027" offers a rounded perspective on the market's growth in terms of revenue in US$ Bn, across different geographical regions namely Europe, Asia Pacific, North America, Middle East & Africa, and South America.
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Nowadays, textile home décor industry is transforming into an "IT" industry, driven by growing online crowdsourcing and affordable outsourcing which are key trends catching on in the market. As per the active research evaluations, the global textile home décor market anticipated to register a wonderful expansion during the period 2018 to 2027. In addition, global sales of textiles home décor are projected to bring in revenues over US$ 185,000 Mn by the end of 2027.
With key economies across the globe making a steady recovery, a solid spike has been observed in consumer confidence over the past few years. Looking to the market dynamics section, the study finds that prevalent consumer confidence and broader economic trends directly impacting demand for home décor textiles.
In the initial section, a chapter on overview, which trails the executive summary, provides a concise market introduction which includes a market taxonomy table and a proper definition of "textile home decor". This 170 -pages study covers the impact of the drivers and restraints on demand for textile home décor market during the forecast period. Further, it highlights opportunities present in the market, especially in the above-mentioned regions. The Porter's Five Forces model for the particular market has also been included to help understand the competitive landscape in the market.
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As the research proceeds, the market segmentation of home décor textiles has been presented which includes segregation on the basis of type, distribution channel, and application. Presently, demand for bed linen is expected to rise at a brisk pace across the globe, driven by a steady stream of opportunities evolving in both developing and developed markets. Geographically, Asia-Pacific excluding Japan (APEJ) will continue to dominate the global textiles home décor market, finds the study.
In the final section of the report, global textiles home décor market competitive landscape has been included to provide a dashboard view of companies. Currently, key participants supporting the growth of the global home décor textiles market, which include Inter IKEA Systems B.V., Kurlon Ltd., Leggett & Platt Inc., Berkshire Hathway Company, Williams-Sonoma, Inc., Ashley Furniture Industries Ltd., Mohawk Industries, Inc., and Nitori Holdings Co. Ltd.
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