Textile Home Decor Market value is deemed to reach USD 177.63 billion by 2028, from USD 108.27 billion in 2022, registering a CAGR of 6.60% during the forecast period of 2023 to 2028.
Textiles that are utilized to furnish and decorate our houses are referred to as textile home dÃ©cor. They contain a wide range of aesthetic and practical goods that are mostly used to improve the look of our homes. These fabrics can be produced using synthetic materials like polyester or acrylic or natural materials like cotton or linen. In order to make our living environments cozy and aesthetically pleasant, home textiles are essential. They are employed for both their aesthetic qualities, which assist set the mood and promote mental relaxation, as well as their utilitarian qualities, such as their ability to provide warmth and comfort. Home textiles frequently incorporate natural and synthetic fibers into their construction to produce enduring fabrics. These textiles are made using methods including weaving, knitting, crocheting, knotting, or pressing fibers together. Sheets, pillowcases, blankets, terry towels, tablecloths, carpets, and rugs are examples of common domestic textiles. To assure their quality and usability, these furniture are manufactured utilizing particular construction and composition techniques.
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Market Drivers and Restraints:
Because more people are utilizing smartphones and online purchasing, the market for textile home decor is expanding. With the help of their handy internet-connected smartphones, people can easily buy online for furniture and other items for their homes, like mattresses and chairs. The market for textile home decor is expanding as a result of this convenient and well-liked method of shopping via cell phones.
There are two key factors driving up demand for textile home decor industry products. First, more people are doing so in various locations. For instance, the U.S. Census Bureau discovered that more single-person households in 2022. More people will therefore require home decor items. Second, there are a lot of new construction projects underway in various locations, which also implies that more individuals require house furnishings for their new residences. The textile home decor market is expanding as a result of these two factors.
The market for textile home decor may not expand as quickly in the future due to the rising cost of the materials utilized, such as nylon. For instance, cotton yarn has recently increased in price by around 40% in India. Because of these increasing prices, it is more difficult for consumers to purchase textile home decor items, which reduces demand and hinders the market’s expansion.
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The report is segmented as follows:
Bed linen and Bedspread
Kitchen and Dining Linen
Online Retail Stores
Middle east and Africa
Impact of COVID-19 pandemic on the market:
Numerous global businesses have been badly impacted by COVID-19, including the textile home decor market. This is as a result of production and supply chain disruptions brought on by lockdowns and limitations put in place by governments to combat the outbreak. Due to the pandemic’s negative economic effects, consumers are reducing their non-essential expenditure, which has decreased consumer demand
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