United States Home Textiles Market Outlook
According to a new report by Expert Market Research titled, “United States Home Textiles Market Growth, Share, Analysis, Report and Forecast 2023-2028″, the United States home textiles market reached a value of approximately USD 25.62 billion in 2022. Aided by the rising demand for stylish and comfortable home decor items and the growing use of home textiles in various applications, the market is projected to further grow at a CAGR of 5.20% between 2023 and 2028 to reach a value of around USD 34.69 billion by 2028.
Home textiles encompass a wide array of products, including bedding, towels, curtains, carpets, table linens, and others. They are not only essential for their functional roles, such as providing comfort, hygiene, and protection, but also play a crucial part in interior decoration, imparting aesthetic appeal and style to the living space. The increasing consumer preference for elegant, stylish, and comfortable home decor items is fuelling the United States home textiles market growth.
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With the growing awareness of the importance of comfort and hygiene at home, there has been a significant shift towards high-quality home textiles. This trend, combined with rising disposable incomes, has led to an upsurge in demand for premium home textile products. Moreover, the emergence of e-commerce platforms offering a wide variety of products at competitive prices has significantly contributed to the United States home textiles market expansion.
Home textiles find widespread applications in households, hotels, hospitals, and other commercial establishments. In the residential segment, the demand for home textiles is primarily driven by renovation activities and the growing interest in home decor. For commercial establishments, such as hotels and hospitals, home textiles are vital for providing a comfortable and hygienic environment to their customers and patients.
The United States home textiles market also benefits from advancements in textile technologies and the introduction of innovative products. With the incorporation of smart technology, the home textiles segment has seen the advent of products such as smart beds and rugs that monitor health parameters, and curtains and blinds that can adjust to lighting conditions. Furthermore, the increasing emphasis on sustainability has led to the development of home textiles made from eco-friendly materials, thereby driving market growth.
On the other hand, the rising trend of minimalist and modern interior designs has led to an increased demand for home textiles with simple, sleek designs and neutral colours. Moreover, with the growing popularity of DIY home decor, consumers are increasingly looking for customisable home textile products, thereby providing new opportunities for the United States home textiles market development.
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United States Home Textiles Market Segmentation
The market can be divided based on product type, material, and region.
Market Breakup by Product Type
- Bedroom Linen
- Bathroom Linen
- Carpet and Flooring
Market Breakup by Material
Market Breakup by Region
- New England
- Great Lakes
- Rocky Mountain
- Far West
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the United States home textiles companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Springs Global USA
- New Sega Home Textiles
- Ralph Lauren Corporation
- Welspun Group
- Trident Group
- Standard Textile
- H&M Group
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