By Infinium Global Research Aug, 2020
The Global
Textiles Home Décor Market is expected to grow at a CAGR of 6.62%
between 2019 and 2025 in terms of value. The growing real estate and furniture
industries are the major drivers for the textile home décor market. A large
number of people are building and buying homes and also buying furniture and
accessories to décorate houses. Moreover, improving the living standards of
the people due to increasing disposable income is expanding the growth of the
textile home décor market. As living standards increase, people tend to buy
more luxurious and fancy objects. Furthermore, growing urbanization in
developing countries including China, India, and Korea are contributing to the
growth of the textiles home décor market. Additionally, improving the economic
conditions of the population in developing countries has augmented the growth
of the textiles home décor market. However, the increasing cost of raw
materials is the major restraining factor for the growth of the textiles home
décor market. Nevertheless, the growing demand for bed linen is anticipated to
offer favorable opportunities to the players in the market.
Regionally, North America generated the highest revenue in
the textiles home décor market, dominating the global market. The dominance of
the North American market attributed to the high disposable income of
individuals and widespread urbanization. Moreover, the better standards of
living of the people and the availability of the products boost the growth of
the textile home décor market in this region. Whereas, Asia-Pacific is expected
to register the fastest growth in the global textile home décor market owing to
the improved distribution network.