Home Textile Products Market Share to exhibit 3.2% CAGR through 2028

By Sachin Pashte  | Date: January 12, 2023

Home Textile Products Market Share to exhibit 3.2% CAGR through 2028

Professional analysts suggest that global Home Textile Products Market garnered a valuation of USD 140,430 million in 2021 and is projected to reach USD 175,070 million by 2028, recording a CAGR of 3.2% during the forecast period.

'Global Home Textile Products Market' study provides insight into the major growth factors, obstacles, and opportunities that will shape the industry's future. It also gives a clear indicator of the direction this market will be moving in during the projection years, by placing a significant emphasis on consumption volume and value.

A thorough examination of this sector is intended to improve the effectiveness of the action plans put forth by corporations and other stakeholders. To help readers fully understand the revenue possibilities of each region, it offers a complete assessment of the key segmentations. It also analyzes the competitive environment of this industry by presenting the financial statements, market shares, and product offerings of well-known companies.

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COVID-19 impact:

Global home textile products market has been considerably influenced by the COVID-19 outbreak in a universal and extremely unequal way. The COVID-19 outbreak affected both the supply and demand networks. The supply side of the economy was impacted by lockdowns, limitations on migration, production halts, and disturbances in global value chains. Speaking of the demand, the industry suffered from decline in domestic consumption as family incomes dropped and in investments as businesses postponed new projects because of uncertainty and overcapacity. An overall downturn in trade also caused a drop in foreign demand.

In this situation, state interventions—through public investment and procurement, tax breaks, and company subsidies have been crucial in avoiding the crisis from getting worse. Even though it will take some nations years to return to their pre-pandemic output and revenue levels, manufacturing operations showed some positive signs of recovery quite quickly following the pandemic's initial impressions.

Segmentation & Regional Overview:

The marketplace is segregated on the basis of type and application. Based on type, the industry is segmented into kitchen linen, carpet, blanket, towel, curtain & blind, and bedding. With respect to the application landscape, worldwide home textile products market is categorized into offline sales and online sales.

The study carefully examines the geographic locations of North America, Europe, Middle East & Africa, Latin America, and Asia Pacific in order to fully understand their business potential. The report provides a brief summary of the many enticing opportunities that might exist in each region throughout the designated period. Spain, Italy, Saudi Arabia, the United Arab Emirates, Turkey, Iran, France, Germany, Singapore, Japan, Russia, India, Australia, Brazil, the United States, Mexico, New Zealand, Argentina, the United Kingdom, China, and Canada are among the countries analyzed in the study.

Competitive Analysis:

Tevel Aerobotics Technologies, Ningbo Veken Elite Group Co. Ltd., Franco Manufacturing Co. Inc., Lucky Textile Mills Limited, Vincenzo Zucchi S.p.A., Sheridan, Violet Home Textile Technology Co. Ltd., Dohia Group, GHCL Limited, Beyond Home Textile, Yunus Textile Mills Limited, American Textile Company, WestPoint Home Inc., EVE ZARY Co. Ltd., Springs Global, Ralph Lauren Corporation, Hunan Mendale Hometextile Co. Ltd., Shenzhen Fuanna Bedding and Furnishing Co. Ltd., Shandong Weiqiao Venture Co. Ltd., Shanghai Shuixing Home Textile Co. Ltd., Loftex Limited, Luolai Home Textile Co. Ltd., Sunvim Group Co. Ltd., Welspun India Limited, Mohawk Industries Inc., and Shaw Industries Group Inc. are the major players in global home textile products market. These companies are compared in terms of their revenues and market share.

FAQs:

How are the different segments in global home textile products market bifurcated by type?

A: Kitchen linen, carpet, blanket, towel, curtain & blind, and bedding are the types assessed in home textile products market.

How can interested parties benefit from this report?

A: The report provides an in-depth examination of the key industry players, illuminating their product offerings, financial drivers, and manufacturing prowess, making it an essential information source for all users.

Which are the prominent multinational companies influencing global home textile products market dynamics?

A: Tevel Aerobotics Technologies, Ningbo Veken Elite Group Co. Ltd., Franco Manufacturing Co. Inc., Lucky Textile Mills Limited, Vincenzo Zucchi S.p.A., Sheridan, Violet Home Textile Technology Co. Ltd., Dohia Group, GHCL Limited, Beyond Home Textile, Yunus Textile Mills Limited, American Textile Company, WestPoint Home Inc., EVE ZARY Co. Ltd., Springs Global, Ralph Lauren Corporation, Hunan Mendale Hometextile Co. Ltd., Shenzhen Fuanna Bedding and Furnishing Co. Ltd., Shandong Weiqiao Venture Co. Ltd., Shanghai Shuixing Home Textile Co. Ltd., Loftex Limited, Luolai Home Textile Co. Ltd., Sunvim Group Co. Ltd., Welspun India Limited, Mohawk Industries Inc., and Shaw Industries Group Inc. are the major players in global home textile products market.

Which geographical areas are critical to global home textile products market?

A: Asia Pacific, North America, Europe, Latin America, and Middle East & Africa are the key regions contributing to market revenue.

What is the size of the worldwide market for home textile products?

A: Global home textile products market garnered a valuation of USD 140,430 million in 2021 and is projected to reach USD 175,070 million by 2028, recording a CAGR of 3.2% during the forecast period.

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About Author

Sachin Pashte     ibmag.com

Sachin Pashte

Sachin is into market research and web marketing since the last 2 years and has worked on multiple projects across various industries. He has expertise in writing promotional content for market research reports while his personal interests include the games of footbal...

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