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Home Textile Retail Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

  • Published: Aug 2021
  • Pages: 134
  • SKU: IRTNTR40639
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The home textile retail market share is expected to increase by USD 52.43 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 6%.

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 home textile retail market segmentations 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 During the Forecast Period?

Home Textile Retail Market Size

Download the Free Report Sample to Unlock the Home Textile Retail Market Size for the Forecast Period and Other Important Statistics

 

Home Textile Retail Market: Key Drivers, Trends, and Challenges

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 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 Home Textile Retail Market Driver

One of the key factors driving the home textile retail market growth is the increase in online retailing. The growing Internet penetration and the easy availability of smart gadgets have increased consumers? access to online shopping platforms. Vendors and retailers have started using online platforms to expand their geographical reach and consumer base. The convenience of online shopping and the transactional features of e-commerce platforms also boost online home textile retailing. Increased Internet penetration, growing consumer trust in online retailing, quick shipping services, and shifting consumer preference play a significant role in the growth of the market. Most vendors offer home textile retail products on their own websites as well as on third-party online e-commerce sites such as Amazon.com Inc. (Amazon) and eBay. These vendors provide information such as specifications and features of products as well as various discounts on purchases, when done through their websites. With the increasing number of Internet users in developing countries, manufacturers and retailers have considerable market potential in these countries. These advantages make online retailing a lucrative solution, thereby driving the market growth.

Key Home Textile Retail Market Trend

Another key factor driving the home textile retail market growth is the increase in demand for eco-friendly and green furnishings. Rising consciousness about a healthy environment has increased the demand for eco-friendly home furnishings that include home textiles. Awareness among consumers about the harmful effects of deforestation on the climate and the effects of toxic finishes in the air inside homes have encouraged many furniture manufacturers to go green. Market players offer a wide range of aesthetic furniture made of bamboo that is stronger and harder than most other types of wood, including oak. Eco-friendly home textiles are manufactured using fibers sourced from plants that are grown without the use of pesticides, chemicals, and fertilizers. Vendors use different trademarks or eco-labels that are issued under eco-labeling programs supported by government bodies or independent organizations. Consumers are gaining knowledge about eco-labels and check for them on the packaging of home textile products before purchasing the products. Some of the trademarks include the European Union (EU) Ecolabel, Gemeinschaft umweltfreundlicher Teppichboden (GUT), and Ecomark.

Key Home Textile Retail Market Challenge

Raw material price volatility is one of the key challenges hindering the home textile retail market growth. The rising prices of superior-quality raw materials such as cotton and silk have resulted in high production costs for manufacturers. Due to this, vendors have started selling home textile products at high prices to recover their manufacturing costs. However, the high prices of home textile products restrict their sales. Moreover, due to fluctuations in the prices of raw materials, vendors use low-priced materials for the production of home textile products such as bed linen, kitchen linen, pillows, carpets, towels, and others, compromising on their quality. Synthetic textiles are produced from polymers that are derived from crude oil through the process of polymerization. The prices of these polymers depend on crude oil prices as crude oil is the key raw material for polymer production. Another issue that will affect the market growth is the fluctuation in product pricing. As per the US Bureau of Labor Statistics, the producer price index for hides, skins, leather, and related products in September 2019 was valued at $129.5. There was an observable increase of 7.56% in the producer price index for hides, skins, leather, and related products from July 2019 to September 2019.

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 Analysis

Technavio categorizes the global home textile retail market as a part of the global textile market. 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 home textile retail market during the forecast period.

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 growth strategies such as organic and inorganic strategies to compete in the market.

Product Insights and News

  • Amazon.com Inc.- The company offers products such as AmazonBasics Reversible Microfiber Comforter Blanket and AmazonBasics Light-Weight Microfiber Pillowcases.

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.

The home textile retail market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

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 chain 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 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?

Home Textile Retail Market Market segmentation by region

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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. 

The rising adoption of smartphones and the increasing Internet penetration in APAC are helping vendors to leverage the emerging online infrastructure by employing aggressive promotional and branding strategies. 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.

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

Home Textile Retail Market Segmentation

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

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.

 

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

Key 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 recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data 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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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: Textiles Market

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
      • 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
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Product

    • 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 Carpets and rugs - Market size and forecast 2020-2025
      • Exhibit 21: Carpets and rugs - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 22: Carpets 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

    • 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

    8 Geographic Landscape

    • 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

    9 Drivers, Challenges, and Trends

    • 9.1 Market drivers
      • 9.2 Market challenges
        • Exhibit 50: Impact of drivers and challenges
      • 9.3 Market trends

        10 Vendor Landscape

        • 10.1 Overview
          • 10.2 Vendor landscape
            • Exhibit 51: Vendor landscape
          • 10.3 Landscape disruption
            • Exhibit 52: Landscape disruption
            • 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
            • 12.2 Currency conversion rates for US$
              • Exhibit 96: 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
            Technavio

            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
            Technavio

            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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            Home Textile Retail Market market growth will increase by $52.43 bn during 2021-2025.
            The home textile retail market market is expected to grow at a CAGR of 6% during 2021-2025.
            Technavio has segmented the home textile retail market market 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).
            Amazon.com Inc., Ashley Furniture Industries Inc., Bed Bath & Beyond Inc., Costco Wholesale Corporation., Home Depot Product Authority, LLC, Inter IKEA Systems B.V., Restoration Hardware Inc., Steinhoff International Holdings N.V., Tesco Plc, Wayfair Inc. are a few of the key vendors in the home textile retail market market.
            APAC will register the highest growth rate of 35% among the other regions. Therefore, the home textile retail market 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 market growth are:
            • innovation and portfolio extension leading to premiumization
            • Distribution channel expansion strategy by vendors
            The home textile retail market market vendors should focus on grabbing business opportunities from the bbo segment as it accounted for the largest market share in the base year.
            • What are the key global market and the regional market share?
            • What are the revenue-generating key market segments?
            • What are the key factors driving and challenging this market’s growth?
            • Who are the key market vendors and their growth strategies?
            • What are the latest trends influencing the growth of this market?
            • What are the variables influencing the market growth in the primary regions?
            • What are the factors influencing the growth of the parent market?
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            • Data on revenue-generating market segments
            • Details on the market shares of various regions
            • Five-force market analysis

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