Home Textile Retail Market by Product, Distribution Channel, and Geography - Forecast and Analysis 2021-2025

  • Published: Aug 2021
  • Pages: 120
  • SKU: IRTNTR40639
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The home textile retail market has the potential to grow by USD 52.43 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 5.85%.

This home textile retail market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (BBO, bath linen, carpets and rugs, upholstery, and others), distribution channel (offline and online), and geography (APAC, North America, Europe, MEA, and South America). The home textile retail market report also offers information on several market vendors, including Amazon.com Inc., Ashley Furniture Industries Inc., Bed Bath and Beyond Inc., Inter IKEA Holding BV, Restoration Hardware Inc., Steinhoff International Holdings NV, Tesco Plc, The Home Depot Inc., and Wayfair Inc. among others.

What will the Home Textile Retail Market Size be in 2021?

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Home Textile Retail Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increased consumer spending on home renovation and household furnishing is notably driving the home textile retail market growth, although factors such as volatility of raw material prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the home textile retail industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Stock Images Market Driver

One of the key factors driving growth in the home textile retail market is the innovation and portfolio extension leading to premiumization. In the global home textile retail market, home textile products with innovative features, utility, and designs are relatively high-priced than other types of regular home textile products. The superior-quality, comfortable, and innovative home textiles are in high demand among customers worldwide. Portfolio extension by the vendors in the global home textile retail market will result in product premiumization. Vendors strategize to differentiate themselves from other competitors and manufacture home textile products with unique designs, style, quality, and price. With the use of advanced technology, vendors can extend their product lines and develop premium home textile products.

Key Stock Images Market Trend

The distribution channel expansion strategy by vendors is another major factor supporting the home textile retail market share growth. The vendors in the global home textile retail market are adopting different strategies to broaden their customer base. One of the popular strategies adopted by vendors nowadays is distribution channel expansion. Omni-channel strategy is trending these days among the home textile manufacturers as they are entering the retail space to gain more customer base and improve brand recognition. The vendors are continuously emphasizing distributing and promoting their home textile products not only through physical retailers but also through online shopping portals. home textile retail market This provides significant growth potential for vendors that offer home textiles and other home furnishing products via offline and online retail channels.

Key Stock Images Market Challenge

The volatility of raw material prices is a major challenge for the home textile retail market. The rising prices of superior quality raw materials such as cotton and silk have resulted in high manufacturing costs for the manufacturers. Due to this, the vendors sell home textile products at higher prices in the market to recover the manufacturing costs. However, the higher prices of home textile products restrict the purchases by end-users. The vendors are demanding low-priced and low-quality raw materials to produce home textile products, owing to the fluctuations in the prices of raw materials. This will affect the revenue of the market players and will hinder the growth of the global home textile retail market.

This home textile retail market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

 

Parent Market Dynamics

The global home textile retail market is a part of the global textile market. The global textile market was valued at $1,948.31 billion in 2020. The implementation of regulations by agencies like OSHA: Enforcement of regulations and educational training conducted by agencies like the Occupational Safety and Health Administration (OSHA) is increasing awareness of a safe workplace among workers as well as companies.

Who are the Major Home Textile Retail Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Amazon.com Inc.
  • Ashley Furniture Industries Inc.
  • Bed Bath and Beyond Inc.
  • Inter IKEA Holding BV
  • Restoration Hardware Inc.
  • Steinhoff International Holdings NV
  • Tesco Plc
  • The Home Depot Inc.
  • Wayfair Inc.

 

This statistical study of the home textile retail market encompasses successful business strategies deployed by the key vendors. The home textile retail market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Amazon.com Inc. - In August 2021, the company announced the launch of a new Fulfilment Centre (FC) and a specialized FC for large appliances and furniture in Coimbatore, India
  • Bed Bath and Beyond Inc. - In August 2021, the company announced an exclusive retail partnership with Safely to bring the next generation of home care to America
  • The Home Depot Inc. - In December 2020, the company announced the acquisition of HD Supply Holdings, Inc. The combination of the two businesses would enable the company to better serve its existing and new MRO customers

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market in focus during the forecast period.

 

Home Textile Retail Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the home textile retail market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • End market
  • Marketing and sales
  • Services

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Home Textile Retail Market?

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35% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for home textile retail in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The exponential growth of the real estate industry, owing to the rising demand for residential units from the growing number of nuclear families will facilitate the home textile retail market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 spread widely across North America, especially in the US, in 2020. Owing to the rising number of deaths caused by the outbreak, several countries, such as the US, Canada, and Mexico, implemented nationwide lockdowns. The manufacturing units that produced home textiles were shut down temporarily, owing to which the supply-demand gap broadened in the region. The spread of COVID-19 led people to stay indoors and work remotely and spend more time than ever at their homes. Moreover, the demand for non-essential home textiles, including linen, upholstery, and carpets and rugs, witnessed a decline in the region. Additionally, challenges, such as raw material shortages, the closure of retail stores selling non-essential items, and supply chain disruptions, resulted in the slow growth of the market in focus in the region. However, with the regional government's plans to revive the economy, the market is expected to witness several investments in the real estate sector in the region, which will increase the demand for home textiles during the forecast period. Thus, the market in focus is expected to show significant growth during the forecast period.

What are the Revenue-generating Product Segments in the Home Textile Retail Market?

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The home textile retail market share growth by the bed linen, bedspreads, and other bedroom textiles (BBO) segment will be significant during the forecast period. The segment includes fabrics for sheets, pillow, duvet covers, pillowcases, bedspreads, quilts, quilt covers, blankets, blanket covers, bed throws, and others. Factors such as growing Internet penetration and the number of people using smartphones for online shopping will drive the sales of bed linen, bedspreads, and other bedroom textiles in the coming future.

This report provides an accurate prediction of the contribution of all the segments to the growth of the home textile retail market size and actionable market insights on post COVID-19 impact on each segment.

 

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What are the Key Factors Covered in this Home Textile Retail Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive home textile retail market growth during the next five years
  • Precise estimation of the home textile retail market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the home textile retail industry across APAC, North America, Europe, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of home textile retail market vendors

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Home Textile Retail Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 6%

Market growth 2021-2025

$ 52.43 billion

Market structure

Fragmented

YoY growth (%)

4.72

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 35%

Key consumer countries

US, China, India, Germany, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Amazon.com Inc., Ashley Furniture Industries Inc., Bed Bath and Beyond Inc., Inter IKEA Holding BV, Restoration Hardware Inc., Steinhoff International Holdings NV, Tesco Plc, The Home Depot Inc., and Wayfair Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period,

Customization purview

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1. Executive Summary                           

2. Market Landscape                             

                2.1 Market ecosystem             

                                Exhibit 01:  Parent market

                2.2 Market Characteristics      

                                Exhibit 02:  Market Characteristics

                2.3 Value chain analysis           

                                Exhibit 03:  Textiles

                                2.3.1 Inputs 

                                2.3.2 Inbound logistics

                                2.3.3 Operations

                                2.3.4 Outbound logistics

                                2.3.5 End market

                                2.3.6 Marketing and sales 

                                2.3.7 Service 

                                Innovations 

3. Market Sizing                       

                3.1 Market definition

                                Exhibit 04:  Offerings of vendors included in the market definition

                3.2 Market segment analysis 

                                Exhibit 05:  Market segments

                3.3 Market size 2020 

                3.4 Market outlook: Forecast for 2020 - 2025 

                                3.4.1 Estimating growth rates for emerging and high-growth markets

                                3.4.2 Estimating growth rates for mature markets

                                Exhibit 06:  Global - Market size and forecast 2020 - 2025 ($ billion)

                                Exhibit 07:  Global market: Year-over-year growth 2020 - 2025 (%)

4. Five Forces Analysis                          

                4.1 Five Forces Summary        

                                Exhibit 08: Five forces analysis 2020 & 2025

                4.2 Bargaining power of buyers           

                4.3 Bargaining power of suppliers       

                4.4 Threat of new entrants    

                4.5 Threat of substitutes         

                4.6 Threat of rivalry   

                4.7 Market condition

                                Market condition - Five forces 2020

5. Market Segmentation by Product               

                The segments covered in this chapter are: 

  • BBO
  • Bath linen
  • Carpets and rugs
  • Upholstery
  • Others

                5.1 Market segments

                                Exhibit 15: Product - Market share 2020-2025 (%)

                5.2 Comparison by Product    

                                Exhibit 16: ​Comparison by Product​

                5.3 ​BBO - Market size and forecast 2020-2025               

                                Exhibit 17: ​BBO - Market size and forecast 2020-2025 ($ billion)​

                                Exhibit 18: ​BBO - Year-over-year growth 2020-2025 (%)

                5.4 Bath linen - Market size and forecast 2020-2025    

                                Exhibit 19: ​Bath linen - Market size and forecast 2020-2025 ($ billion)​

                                Exhibit 20: ​Bath linen - Year-over-year growth 2020-2025 (%)

                5.5 Carpet and rugs - Market size and forecast 2020-2025         

                                Exhibit 21: ​Carpet and rugs - Market size and forecast 2020-2025 ($ billion)​

                                Exhibit 22: ​Carpet and rugs - Year-over-year growth 2020-2025 (%)

                5.6 Upholstery - Market size and forecast 2020-2025   

                                Exhibit 23: ​Upholstery - Market size and forecast 2020-2025 ($ billion)​

                                Exhibit 24: ​Upholstery - Year-over-year growth 2020-2025 (%)

                5.7 Others - Market size and forecast 2020-2025           

                                Exhibit 25: Others - Market size and forecast 2020-2025 ($ billion)​

                                Exhibit 26: ​Others - Year-over-year growth 2020-2025 (%)

                5.8 Market opportunity by Product    

                                Exhibit 27: ​Market opportunity by Product

6. Market Segmentation by Distribution channel                     

                The segments covered in this chapter are: 

  • Offline 
  • Online

                6.1 Market segments

                                Exhibit 28: ​Distribution channel - Market share 2020-2025 (%)

                6.2 Comparison by Distribution channel           

                                Exhibit 29: ​Comparison by Distribution channel

                6.3 Offline - Market size and forecast 2020-2025           

                                Exhibit 30: ​Offline - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 31: ​Offline - Year-over-year growth 2020-2025 (%)

                6.4 ​Online - Market size and forecast 2020-2025​          

                                Exhibit 32: ​Online - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 33: ​Online - Year-over-year growth 2020-2025 (%)

                6.5 Market opportunity by Distribution channel            

                                Exhibit 34: ​Market opportunity by Distribution channel

7. Customer landscape                         

Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

                                Exhibit 35: ​Customer landscape​

8. Geographic Landscape                     

                ​​The regions covered in the report are: 

  • APAC
  • North America
  • Europe
  • MEA
  • South America 

                8.1 Geographic segmentation

                                Exhibit 36: ​Market share by geography 2020-2025 (%)

                8.2 Geographic comparison   

                                Exhibit 37: Geographic comparison

                8.3 APAC - Market size and forecast 2020-2025​             

                                Exhibit 38: ​APAC - Market size and forecast 2020-2025 ($ billion)​

                                Exhibit 39: APAC - Year-over-year growth 2020-2025 (%)

                8.4 North America - Market size and forecast 2020-2025           

                                Exhibit 40: ​North America - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 41: ​North America - Year-over-year growth 2020-2025 (%)

                8.5 ​Europe - Market size and forecast 2020-2025         

                                Exhibit 42: ​Europe - Market size and forecast 2020-2025 ($ billion)​

                                Exhibit 43: Europe - Year-over-year growth 2020-2025 (%)

                8.6 MEA - Market size and forecast 2020-2025               

                                Exhibit 44: ​MEA - Market size and forecast 2020-2025 ($ billion)​

                                Exhibit 45: MEA - Year-over-year growth 2020-2025 (%)

                8.7 South America - Market size and forecast 2020-2025          

                                Exhibit 46: South America - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 47: South America - Year-over-year growth 2020-2025 (%)

                8.8 Key leading countries        

                                Exhibit 48: Key leading countries

                8.9 Market opportunity by geography

                                Exhibit 49: Market opportunity by geography ($ billion)

9. Drivers, Challenges, and Trends                   

                9.1 ​Market drivers     

                                9.1.1 Innovation and portfolio extension leading to premiumization

                                9.1.2 Increased consumer spending on home renovation and household furnishing

                                9.1.3 Growing construction industry globally

                9.2 Market challenges              

                                9.2.1 Volatility of raw material prices

                                9.2.2 Rise in demand for floor coverings and other home furnishing products

                                9.2.3 Long product replacement cycle

                                9.2.4 Stringent regulatory compliance

                                Exhibit 50: Impact of drivers and challenges

                9.3 Market trends      

                                9.3.1 Distribution channel expansion strategy by vendors

                                9.3.2 Increase in demand for eco-friendly home textile products

                                9.3.3 Personalization and customization of home textile products

10. Vendor Landscape                           

                10.1 Competitive scenario      

                10.2 Vendor landscape            

                                Exhibit 51: Vendor landscape

                10.3 Landscape disruption      

The potential for the disruption of the market landscape was moderate in 2020, and its threat is expected to remain unchanged by 2025. 

                                Exhibit 52: ​Landscape disruption​

                10.4 Industry risks      

                                Exhibit 53: Industry risks

11. Vendor Analysis               

                11.1 Vendors covered              

                                Exhibit 54: Vendors covered

                11.2 Market positioning of vendors    

                                Exhibit 55: ​Market positioning of vendors​

                11.3 Amazon.com Inc.

                                Exhibit 56:  Amazon.com Inc. - Overview

                                Exhibit 57:  Amazon.com Inc. - Business segments

                                Exhibit 58:  Amazon.com Inc- Key news

                                Exhibit 59:  Amazon.com Inc. - Key offerings

                                Exhibit 60:  Amazon.com Inc. - Segment focus

                11.4 Ashley Furniture Industries Inc.  

                                Exhibit 61:  Ashley Furniture Industries Inc. - Overview

                                Exhibit 62:  Ashley Furniture Industries Inc. - Product and service

                                Exhibit 63:  Ashley Furniture Industries Inc. - Key offerings

                11.5 Bed Bath and Beyond Inc.             

                                Exhibit 64:  Bed Bath and Beyond Inc. - Overview

                                Exhibit 65:  Bed Bath and Beyond Inc. - Product and service

                                Exhibit 66:  Bed Bath and Beyond Inc.-Key news

                                Exhibit 67:  Bed Bath and Beyond Inc. - Key offerings

                11.6 Costco Wholesale Corp. 

                                Exhibit 68:  Costco Wholesale Corp. - Overview

                                Exhibit 69:  Costco Wholesale Corp. - Business segments

                                Exhibit 70:  Costco Wholesale Corp.-Key news

                                Exhibit 71:  Costco Wholesale Corp. - Key offerings

                                Exhibit 72:  Costco Wholesale Corp. - Segment focus

                11.7 Inter IKEA Holding BV     

                                Exhibit 73:  Inter IKEA Holding BV - Overview

                                Exhibit 74:  Inter IKEA Holding BV - Business segments

                                Exhibit 75:  Inter IKEA Holding BV - Key offerings

                11.8 Restoration Hardware Inc.            

                                Exhibit 76:  Restoration Hardware Inc. - Overview

                                Exhibit 77:  Restoration Hardware Inc. - Business segments

                                Exhibit 78:  Restoration Hardware Inc. - Key offerings

                                Exhibit 79:  Restoration Hardware Inc. - Segment focus

                11.9 Steinhoff International Holdings NV         

                                Exhibit 80:  Steinhoff International Holdings NV - Overview

                                Exhibit 81:  Steinhoff International Holdings NV - Business segments

                                Exhibit 82:  Steinhoff International Holdings NV - Key offerings

                                Exhibit 83:  Steinhoff International Holdings NV - Segment focus

                11.10 Tesco Plc            

                                Exhibit 84:  Tesco Plc - Overview

                                Exhibit 85:  Tesco Plc - Business segments

                                Exhibit 86:  Tesco Plc - Key offerings

                                Exhibit 87:  Tesco Plc - Segment focus

                11.11 The Home Depot Inc.    

                                Exhibit 88:  The Home Depot Inc. - Overview

                                Exhibit 89:  The Home Depot Inc. - Product and service

                                Exhibit 90:  The Home Depot Inc. -Key news

                                Exhibit 91:  The Home Depot Inc. - Key offerings

                11.12 Wayfair Inc.      

                                Exhibit 92:  Wayfair Inc. - Overview

                                Exhibit 93:  Wayfair Inc. - Business segments

                                Exhibit 94:  Wayfair Inc. - Key offerings

                                Exhibit 95:  Wayfair Inc. - Segment focus

12. Appendix                            

                12.1 Scope of the report         

                                12.1.1 ​​​​Market definition

                                12.1.2 ​​​​Objectives

                                12.1.3 ​​​​Notes and caveats

                12.2 Currency conversion rates for US$            

                                Exhibit 967: ​Currency conversion rates for US$​

                12.3 Research Methodology 

                                Exhibit 97: ​Research Methodology

                                Exhibit 98: ​​Validation techniques employed for market sizing​

                                Exhibit 99: ​​Information sources

                12.4 List of abbreviations        

                                Exhibit 100: List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The home textile retail market growth will increase by $44.07 billion during 2019-2024.
The home textile retail market is expected to grow at a CAGR of 4.84% during 2019-2024.
Technavio has segmented the home textile retail market by product (Bed linen, bedspreads, and other bedroom textiles, Bath linen, Carpets and rugs, Upholstery, and Others) ,distribution channel (Offline distribution channel and Online distribution channel) , and geographic (APAC, Europe, North America, South America, and MEA).
Amazon.com Inc., Ashley Furniture Industries Inc., Bed Bath & Beyond Inc., Costco Wholesale Corp., Home Depot Product Authority LLC, Inter IKEA Systems BV, Restoration Hardware Inc., Steinhoff International Holdings NV, Tesco Plc, Wayfair Inc. are a few of the key vendors in the home textile retail market.
APAC will register the highest growth rate of 32.04% among the other regions. Therefore, the home textile retail market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the home textile retail market growth are:
  • Innovation and portfolio extension leading to premiumization
  • Distribution channel expansion strategy by vendors
The home textile retail market vendors should focus on grabbing business opportunities from the bed linen, bedspreads, and other bedroom textiles segment as it accounted for the largest market share in the base year.
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