The Home Textiles Market size is estimated at USD 134.13 billion in 2024, and is expected to reach USD 175.64 billion by 2029, growing at a CAGR of 5.54%during the forecast period (2024-2029).
Loading
The Home Textiles Market size is estimated at USD 134.13 billion in 2024, and is expected to reach USD 175.64 billion by 2029, growing at a CAGR of 5.54%during the forecast period (2024-2029).
As the real estate sector thrives and living standards improve, interior design and home decor spending has also risen. As a result, this trend is predicted to contribute significantly to market growth during the forecasted period.
The industry is witnessing steady growth driven by rising consumer spending on home renovation, growing residential real estate, and fashion sensitivity toward household furnishing.
The United States and Europe are some of the biggest consumers, constituting more than 50%of the home textiles imports, with countries such as India, China, and Pakistan being the key suppliers.
Governments and favorable regulatory policies are anticipated to catalyze market disruption in the rising industry. This support has led to increased investments in the market, thereby bolstering its development.
The increase in popularity of smart homes and the rise in infrastructural development worldwide will lead to market growth during the forecast period. Furthermore, the evolving interior design trends in residential and commercial spaces are contributing to the positive momentum of the home textile market.