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Tuesday, 25 April 2023 19:18

Home Textile market to grow steadily at 3.0% CAGR from 2023-2029, bedding segment as top contributor

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The global Home Textile market is expected to experience steady growth, with a forecasted CAGR of 3.0% from 2023-2029, reaching a worth of USD 200900 million by 2029. The market is projected to readjust from its estimated value of USD 162950 million in 2022, due to the impact of the COVID-19 pandemic on the industry. The bedding segment is projected to be the largest contributor to the global Home Textile market, according to Precision Reports.

Home Textile products, including soft furnishings such as linens, bedding, and upholstery fabrics, are widely used in homes, hotels, and commercial establishments.

China is the largest market, with a share of about 30%, followed by Europe and North America, both with a share of about 35%. In terms of application, the largest segment is Family Used, followed by Commercial Used.

The global Home Textile market is expected to experience steady growth, with a focus on the bedding segment and strong regional presence in China, Europe, and North America.