Home Textile Product Market Growth, Projection, Trends and Forecast 2017 - 2025: North America Expected to Hold a Major Share
Market new study and forecast on "Home Textile Product Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025"
Albany, NY -- (SBWire) -- 01/03/2018 --This exclusive report will provide you with the market size and forecast (US$ Mn) for the global market and its segments for the period from 2015 to 2025 along with the growth rate (CAGR) from 2017 to 2025, considering 2016 as base year. In addition, drivers, restraints and opportunities, competitive landscape have also been covered under the current proposed table of contents, which will in due course help you to take strategic decisions with respect to the market.
Market dynamics such as drivers, restraints, and opportunities and their impact on growth of Home Textile Product Market.
In recent years, home textile products have surfaced as one of the most attractive and fashion sensitive segments in the overall textile market. After going through a barren phase during the fiscal crisis of 2008, the home textile product market has recovered and is registering considerable growth during the past few years. This economy recovery is expected to generate GDP growth, increase consumer purchasing power, and bolster the housing market, all of which combined are expected to boost the sales of home textiles products. Although the home textile product market accounts for only a small share of the total textile market, it is expected to grow at a healthy rate during the forecast period primarily driven by strong performance by exporting countries like India, China, Vietnam, and Bangladesh.
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There are many factors driving the global home textile product market. Rising focus on the market by governments and favorable regulatory policies are expected to be one of the major reasons for the market's upheaval. Such support has met with growth in investments in the market, further bolstering growth. The growing real estate market along with growing consumer spending on home decoration/renovation is also expected to be another major driver of growth for the market. Growth in fashion trends and sensitivity toward household furnishing is also expected to add to the market's expansion. Furthermore, the market is expected to reach new heights with the emergence of e-commerce with growth in number of shopping websites.
There are, however, some factors which are restraining the market growth. The global home textile product market is expected to face considerable challenge from the high cost of logistics. The main producers of home textile products are located in developing countries that have weak infrastructure and logistics chains which is expected to emerge as a major factor restraining market growth. Such economies have abundance of low-quality raw materials and face shortage of high-quality raw materials which are essential for making high quality products of international standard. Moreover, the long product replacement cycle of home textile products is expected to hinder the market's growth.
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The global home textile product market can be segmented on the basis of category and geography. On the basis of category, the market can be segmented into bed linen & bed spread, bath/toilet linen, kitchen linen, upholstery, floor and others. Based on category, upholstery is expected to be the largest segment. On the basis of geography, the market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is expected to hold a major share of the total market owing to the soaring demand for home textile products. The region is driven by countries like the U.S., where the market has seen huge amounts of home textile products imported from Asia. Europe is expected to follow North America in terms of market share. The market in Asia Pacific is expected to grow at a significant rate owing to the booming housing market and rapidly growing middle class. The region is expected to be primarily driven by countries such as India, China, and Bangladesh, which have abundance of product suppliers.
Major players in the global home textile product market are Welspun Group, Alok Industries Limited, Trident Group, Himatsingka Seide Limited, Bombay Dyeing, Bombay Rayon Fashions Ltd, Indo Count Industries Ltd., Sunvim Group, Raymond Ltd, Orient International Holding, Shanghai Hometex Co., Ltd., Luolai Lifestyle Technology Co. Ltd, Honsun Home Textile Co., LTD., and Hunan Mendale Hometextile Company Ltd. Other prominent market players include RUBELLI GROUP, Etro S.p.A., Ralph Lauren Media LLC, Nina Campbell Ltd., de Le Cuona, Marvic Textiles, and FAZZINI s.r.l.
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The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry's value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
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Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR's reports, recent market/vendor-specific changes may take time to reflect in the analysis.
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