Technological advancements and innovations drive the demand for the textile upholstery market.
WILMINGTON, Del., February 13, 2024 (Globe Newswire) — Transparency Market Research Co., Ltd. – of textile upholstery market It was valued at USD 92.5 billion in 2022 and is expected to reach USD 146.9 billion by the end of 2031. Expanding at 5.4% CAGR During the forecast period. Technology will continue to play an increasingly important role in the design and manufacture of home décor products. Sensors and technologies embedded in fibers and fabrics are likely to become even more prevalent to control temperature, lighting, and even interactive features.
Attractive and functional textiles have the potential to redefine the concept of homeware. Consumer demand for unique and distinctive items is expected to continue to increase. It may become more common for consumers to use customization tools and services to create their own textile upholstery. This style is in line with the growing importance of uniqueness in interior design.
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It is expected that sustainability will receive even more attention in the future. As consumers become more environmentally conscious, there is a growing demand for eco-friendly, organic and sustainable resources in home design. Companies that use sustainable methods may have an advantage over their competitors.
Key findings of the market report
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Increasing interior spending is contributing to the growth of the textile home decor market.
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Textile upholstery accounts for the largest share of the market. North America In 2022.
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Textile interior decoration market size expands due to increase in housing construction
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The popularity of living room decoration is increasing, which has led to an increase in the demand for living room linens.
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With the rise of e-commerce stores, textile upholstery is expected to become more affordable.
Global textile upholstery market: Key players
With the growing demand for textile upholstery made from sustainable fabrics, several manufacturers are developing eco-friendly upholstery ideas and advanced textiles.
prominent market participants
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Interikea Systems BV
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Mohawk Industries Co., Ltd.
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Ashley Furniture Industries Co., Ltd.
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Berkshire Hathaway Company
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williams sonoma company
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Nitori Holdings Co., Ltd.
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Leggett & Pratt
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American Textile Company Inc.
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Kurlon Enterprise Limited
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Companhia de Tecidos Norte de Minas
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Mannington Mills Co.
Main developments
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March 2023, ÖMSESIDIG We collaborated with designers from Mexico, Chile, and Colombia to explore Latin America's traditions of unity, celebration, and culture, adding new elements to our collection. A wide range of products including glassware, tableware, decorative items and textiles became available in IKEA stores in April.
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May 2023, Williams Sonoma Company. has released his GreenRow, the company's first major brand in over a decade. Bright color contrasts are featured in our sustainable home decor and furniture collection. Using leftover fabric from ottomans to upholster stools is one way the brand uses scraps.
Global textile interior market: growth drivers
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The needs of textile home decor items are greatly influenced by changing customer tastes and lifestyle trends. Unique and visually appealing home furniture is becoming increasingly popular as people seek to customize their living areas.
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Textile upholstery such as pillows, rugs, and curtains allow customers to express their individual flair and stimulate the market for creative and diverse patterns.
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The growth of e-commerce is having a significant impact on the textile upholstery market. The ease of online shopping has expanded the market for established and up-and-coming companies, giving customers easy access to a wide range of products. The e-commerce site provides a venue for producers and artisans to present their textile upholstery lines, expanding their market reach internationally.
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Sustainability is a factor influencing the textile interior industry. As customers become more environmentally literate, they are also demanding eco-friendly and sustainable solutions for their home furnishings. In response, producers are using environmentally friendly materials, using sustainable production methods, and encouraging ethical sourcing.
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This move towards sustainability is in line with global efforts for more responsible and environmentally friendly production processes and customer preferences. This helps boost the overall textile interior decoration market expansion.
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Global textile upholstery market: regional landscape
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Textile upholstery industry in Asia Pacific It is projected to grow steadily during the forecast period. Rapid urbanization and increasing disposable income have increased the demand for home design items in this region. Increasing urbanization and improving economic conditions have increased the demand for textiles in residential design, resulting in an emphasis on improving living spaces.
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The cultural diversity and rich traditions of many Asian countries influence their interior decoration preferences. Consumers often seek products that reflect their cultural identity and habits, resulting in a broad and vibrant textile market that accommodates a variety of design aesthetics and trends.
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E-commerce also plays an important role Economic growth in the Asia-Pacific region. Textile interiors companies are expanding their reach through digital channels as more consumers prefer to buy online for convenience and accessibility. This shift to online retail not only gives consumers a wider range of choices, but also allows manufacturers to reach new markets and demographics.
Global Textile Home Decoration Market: Segmentation
By product type
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rug
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bath linen
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bed linen
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kitchen and dining linens
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curtain
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living room linens
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floor carpet
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others
By distribution channel
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retail store
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direct to consumer
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manufacturer store
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E-commerce store
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discount store
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rental store
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club store
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DIY store
By use
By region
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North America
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south america
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middle east and africa
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Asia Pacific
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Europe
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