(MENAFN- Ameliorate Digital Consultancy)
The global textile home decor market is valued at US$ 97.6 Mn , and is expected to surpass US$ 163 Mn by 2031, expanding at a CAGR of 6.5% over the 2021-2031 assessment period.
The U.S., U.K., and Germany lead as far as textile home decor demand is concerned, holding close to 48% share in the global market. Textile home decor product sales hold a market share of around 30% of the global home decor market.
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Why the United States Leads the World in Textile Home Decor
The United States is the world leader in textile home decor for a few reasons. First, the US has a long history of textile production, with many of the country's earliest settlers bringing their own weaving and spinning skills to the New World. This tradition has been passed down through generations, and today the US is home to some of the most advanced textile production facilities in the world.
Additionally, the US has a large and diverse population, which means that there is a wide variety of tastes and preferences when it comes to home decor. This allows for a wide range of styles and designs to be produced, giving consumers more options when it comes to decorating their homes. Finally, the US is home to some of the most innovative textile designers in the world, who are constantly pushing the boundaries of what is possible with textiles. All of these factors combine to make the US a leader in textile home decor.
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Competitive Landscape
The global textile home decoration market is highly competitive, and in order to cope up with the competition, manufacturers are adopting several marketing strategies such as mergers, expansions, acquisitions, and partnerships, along with product innovation, to create a larger customer base and increase their market share.
For instance :
A London-based label – Shrimps, launched a textile home decor product in collaboration with Habitat.
Key Companies Profiled:
Inter IKEA Systems B.V. Bombay Dyeing Vescom B.V. Mannington Mills, Inc. Kimball International. Inc. Kurlon Enterprise Limited American Textile Nitori Holdings Avanti Linens Williams-Sonoma, Inc.
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Key Segments
By Product Type : Floor Coverings Kitchen Linen Bath/Toilet Bed linen & Bedspread Others
By Application : Indoor Decor Outdoor Decor
Questionnaire answered in the report include:
How the industry has grown? What is the present and future outlook on the basis of region? What are the challenges and opportunities ? Why the consumption of Textile Home Decor highest in region? In which year segment is expected to overtake segment?
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