Textile Home Decoration Market Size, Share, Trend Report

Textile home decoration market size

The textile home décor market is expected to be valued at USD 85 billion in 2023, registering a CAGR of over 5.4% between 2024 and 2032. Textile home décor refers to the use of textiles such as fabrics and fibers to enhance the aesthetic appeal and functionality of indoor spaces. This includes a wide range of items such as curtains, drapes, upholstery, rugs, carpets, cushions, throws, table linens, bedding, and more.

Textiles are chosen not only for their visual appeal, but also for their texture, durability and ability to contribute to the comfort and ambience of a room. Whether it’s a cozy and inviting living room, a tranquil bedroom or a lively dining area, textiles play a key role in defining the style and ambience of a space. With an increasing emphasis on eco-friendly living, there is a growing demand for textiles made from sustainable materials such as organic cotton, bamboo, hemp and linen. Consumers are also gravitating towards recycled or upcycled fabrics to reduce waste and environmental impact. This growth is driven by increasing urbanization and rapid lifestyle changes. As more people migrate to urban areas, there is an increasing desire for aesthetically pleasing and comfortable living spaces.

Additionally, changing consumer lifestyles, such as growing preference for personalized and unique living environments, are driving the demand for new textile home décor products. Consumers are increasingly looking for things that reflect their personality and tastes, driving the need for customizable and specialized home textiles. In addition to this, growing awareness of environmental sustainability and ethical sourcing procedures is driving the demand for eco-friendly textile home décor products. Consumers are seeking products made from organic and recycled materials, as well as products manufactured using sustainable manufacturing procedures.

Textile home decoration products compete with synthetic fibers, plastics, and ceramics, which offer comparable functionality and aesthetics at a lower cost, posing a challenge for the growth of the textile home decoration sector. Furthermore, the textile home decoration market is heavily influenced by changes in fashion trends and customer tastes, which are highly cyclical and unpredictable. Rapid changes in design aesthetics and color preferences lead to obsolescence of existing inventory, necessitating frequent product refresh cycles, creating inventory management and product development challenges for the market.

Trends in the textile home decoration market

Mixing different textures is a key trend in textile home décor, adding depth and tactile appeal to interiors. Combining smooth fabrics with textured weaves, luxurious materials with rough textures, and glossy surfaces with matte finishes adds visual and sensory interest to upholstery, bedding and home decor pieces, enhancing the overall look of the space. Changing lifestyles and the growing importance of multifunctional living spaces are driving the demand for textile home décor products that serve multiple functions. Multipurpose textile home décor products, such as modular sofas, convertible bedding and ottomans with built-in storage and convenient features, make the most of your space while adapting to changing needs. With an increasing focus on practicality and functionality, high-performance fabrics that are stain-resistant, fade-resistant and easy to clean are becoming more popular. These textiles are especially popular in high-traffic areas and in homes with pets and children.

Textile Home Decoration Market Analysis

Based on product type, the textile home décor industry is segmented into bedroom linen, bathroom linen, carpets & floor coverings, kitchen linen, curtains & draperies. The bedroom linen segment accounts for the majority of the market, accounting for USD 50 billion in 2023, and is expected to reach USD 85.83 billion by 2032. Traditional blankets in this category often use soft twist yarns for the filling and high twist yarns for the warp. These yarns are made from wool, acrylic, polyester, or a combination of these fibers, with nylon-based blends also being used. The fabric is carefully brushed to provide a rich, soft surface texture. Thermal blankets, on the other hand, are made from lightweight open knit fabrics or woven in specialized patterns, such as honeycomb designs, to provide both warmth and breathability.

Based on material, the textile home decoration market is classified into polyester, cotton, silk, wool, and others. In 2023, the polyester segment accounted for around 39% market share, which is expected to reach 40% by 2032. Known for its elasticity and durability, polyester is a popular material for a variety of products, including bedding, curtains, and upholstery. Polyester fibers are wrinkle and shrink resistant, and can be machine washed and dried, making them easy to care for, which also adds to their popularity. Moreover, unlike certain natural fibers, polyester is less likely to retain allergens such as dust mites, making it a great alternative for people with allergies.

Based on distribution channel, the market is classified into online and offline. In 2023, the offline segment accounted for around 79% market share. Rapid increase in urbanization, construction of supermarkets and hypermarkets are key in expanding the reach to a larger consumer base, thus strengthening offline distribution channels across the globe. Leading manufacturers in the market have a strong desire to sell their products through offline channels, which is driving the expansion of this distribution channel sector.

Asia Pacific will dominate the global textile home décor market, generating USD 28 billion in 2023. Many countries in the APAC region have a rich tradition of textile craftsmanship and production. This cultural heritage has enabled the region to develop expertise in textile manufacturing techniques, designs, and patterns that appeal to domestic and international markets. APAC, especially countries such as China, India, and Bangladesh, are major manufacturing hubs for textiles. These countries have abundant raw materials, skilled labor, and relatively low production costs, making them attractive destinations for textile production. APAC has experienced rapid urbanization and economic growth in recent decades. As disposable incomes increase and lifestyles evolve, there is a growing demand for home décor products, including home furnishings and decorative textiles.

Textile Home Decoration Market Share

In 2023, major market players such as Anthropologie, Bed Bath & Beyond, Crate and Barrel, Ethan Allen, and H&M Home collectively accounted for a significant market share of 10%-15%. The market is highly fragmented. These industry leaders are actively undertaking strategic initiatives such as mergers and acquisitions, facility expansions, and partnerships to expand their product portfolio, reach a wider customer base, and strengthen their market presence. These companies continuously invest in research and development to improve their products and incorporate new technologies, giving them an edge over the competition.

Textile home decoration market companies

Leading companies profiled in the Textile Home Decoration industry report include:

• Anthropologie
• Bed Bath & Beyond
• Crate and Barrel
• Ethan Allen
• H&M Home
• Home Goods
• IKEA
• Pier 1 Import
• Pottery Barn
• Target Corporation
• Urban Outfitters
• Wayfair
• West Elm
• Williams Sonoma Home
• Zara Home
  

Textile Home Decoration Industry News

• In March 2023, Ashley Furniture will open a new home store in Denpasar, Indonesia, offering a wide range of stylish home furniture at competitive prices. These strategic initiatives highlight Ashley Furniture's dedication and proactive efforts in the home furniture market, ultimately influencing the expansion of the home decoration furniture market.
  
• In January 2023, Mannington Mills, Inc. introduced its newest residential collection, featuring wide-width carpeting designed to enhance the comfort of any living space. This launch not only expanded Mannington Mills' footprint in the flooring sector, but also helped increase its overall market share in the home décor furniture market.
  
• India-based home textile brand BKS Textiles has revealed its intention to introduce an eco-conscious bedding line, 'Ekoscious', in January 2023. The collection will incorporate a range of sustainable materials, including cotton, hemp, linen, bamboo, recycled polyester and Tencel.
  
• In December 2022, Milan-based textile company Gruppo Piacenza SpA completed the acquisition of Arte Tessile Snc, a specialty brand known for its pattern-making expertise in jacquard and raschel fabrics. These fabrics are often used to make net curtains, table covers and outerwear.
  

The Textile Home Decoration market research report includes detailed information about the industry. Estimates and forecasts of revenue (USD billion) and volume (kilotons) from 2018 to 2032For the following segments:

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market, By Product Type

• Bedroom Linen
• Bathroom linen
• Carpets and flooring
• Kitchen linen
• Curtains and drapes

market, By material

• polyester
• cotton
• silk
• wool
• others

market, By price range

market, By distribution channel

• off-line

  • Supermarket/Hypermarket
  • specialty shop
  • others

• online

The above information is provided for the following regions and countries:

• North America

  • we
  • Canada
  • Rest of North America

• Europe

  • England
  • Germany
  • France
  • Italy
  • Spain
  • Other Europe

• Asia Pacific

  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Malaysia
  • Indonesia
  • Rest of Asia Pacific

• latin america

  • Brazil
  • Mexico
  • Other Latin America

• Ministry of Foreign Affairs

  • Saudi Arabia
  • United Arab Emirates
  • South Africa
  • Remaining MEA