The Home Textiles Market in US is being driven by Increased consumer spending on household decor and furnishing
The Home Textiles Market in US is expected to grow at a CAGR of 5.17% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 6.31 billion. The surge in environmental consciousness has significantly influenced the home textiles market in the US, driving demand for eco-friendly options. Factors such as the environmental impact of extensive deforestation and the health risks associated with toxic finishes have prompted furniture manufacturers to adopt sustainable practices. Leading home textiles manufacturers in the US, including Greenland Home Fashions and American Textile Co., are responding to this trend by producing eco-friendly textiles. These companies utilize plant-based fibers, grown without harmful chemicals, pesticides, or fertilizers, in their products. Moreover, they eschew the use of chemicals in dyeing processes to minimize environmental impact and ensure the production of healthier home textiles.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
143 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.17% |
Market growth 2024-2028 |
USD 6.31 billion |
Market structure |
market_structure.ucfirst |
YoY growth 2023-2024(%) |
4.67 |
Key countries |
US and North America |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Home Textiles Market in the US encompasses a wide range of textile products designed for decorating and functional purposes. These include various styles and colors of fabrics for furnishing, such as natural fibers like Cotton, Silk, Wool, Linen, and artificial fibers like Polyester, Nylon, Rayon, for weaving, knitting, and non-woven production. The market offers an extensive selection of Carpets, Rugs, Curtains, Cushion covers, Napkins, Towels, Bedspreads, Upholstery, and Table linen, catering to both aesthetic and functional needs.
The home textiles market in the US is a significant segment of the global textiles market, encompassing textile products utilized for decorating, furnishing, and functional purposes. This market category falls under the broader umbrella of the global textiles market, which spans various product applications, such as fashion, technical, home furnishings, and others, excluding apparel, accessories, luxury goods, and footwear. According to Technavio, the global textiles market's size is determined by the consolidated revenues of textile, apparel, luxury goods, footwear, and accessory manufacturers. Key growth drivers for the global textiles market include the escalating demand for geotextiles, which will positively impact the US home textiles market during the forecast period.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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