Market Size of Asia-Pacific Home Textile Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2020 - 2022 |
CAGR | 5.30 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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APAC Home Textile Market Analysis
Asia-Pacific accounts for approximately 60% of the global populations and dominant production of home textiles product region and is also a leader in the consumption of home textiles products.
- China is the largest manufacturer and consumer of home textiles. India is the third largest home textiles market in the Asia-Pacific region.
- Factors, such asthe housing boom in Asia-Pacific, increasing fashion trends in home textiles, and demand recovery from Western economies, aredriving the growth of home textiles globally.
- Key factors driving the robust growth rate of Asia-Pacific region include surging per capita expenditure, availability of potential consumers in the market, increasing investments by major regional players, improving lifestyles of consumers. These factorsare also driving the demand for home textile in the market.
- India is the third largest country in the market. The growth in the Indian home textiles is supported by the growing household income, increasing population, rising income levels, increase in organized retail and growth of end-use sectors, like housing, hospitality, and healthcare.
APAC Home Textile Industry Segmentation
A complete background analysis of the Asia-Pacific home textile market, which includes an assessment of the economy and contribution of sectors in the economy, market overview, market size estimation for key segments, and emerging trends in the market segments, market dynamics, and logistics spending by the end-user industries, is covered in the report.
By Product | |
Bed Linen | |
Bath Linen | |
Kitchen Linen | |
Upholstery | |
Floor |
By End User | |
Residential | |
Commercial | |
Hospitality & Leisure | |
Offices | |
Hospitals | |
Others |
By Distribution Channel | |
Supermarkets & Hypermarkets | |
Specialty Stores | |
Online | |
Others |
By Country | |
China | |
Japan | |
India | |
Others |
Asia-Pacific Home Textile Market Size Summary
The Asia-Pacific home textile market is a significant segment within the global textile industry, driven by the region's large population and its status as a leading producer and consumer of home textile products. China stands out as the largest manufacturer and consumer in this market, with India also playing a crucial role as the third largest market in the region. The growth of the home textile industry in Asia-Pacific is fueled by several factors, including a housing boom, evolving fashion trends in home textiles, and a recovery in demand from Western economies. Additionally, increasing per capita expenditure, a growing consumer base, and rising investments by regional players are contributing to the market's expansion. Improved consumer lifestyles further bolster the demand for home textiles across the region.
The market is characterized by a diverse range of products, with bed linen representing the largest and fastest-growing segment. This growth is attributed to the expanding hospitality industry and increased consumer spending in emerging economies. China, with its vast population and rising per capita consumption of textiles, offers lucrative business opportunities, particularly in industrial clusters like Guangdong, Shanghai, and Jiangsu. The market is dominated by major international players, but competition also exists among smaller companies that focus on niche segments and offer superior customer service. Key players in the market include Welspun Group, Sunvim Group Co. Ltd, Luolai Home Textile Co. Ltd, Bombay Dyeing, and Fuanna, all of which compete through product variety, effective marketing, and strategic purchasing.
Asia-Pacific Home Textile Market Size - Table of Contents
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1. MARKET INSIGHTS AND DYNAMICS
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1.1 Market Overview
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1.2 Drivers
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1.3 Restraints
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1.4 Opportunities
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1.5 Challenges
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1.6 Trends Influencing the Asia-Pacific Home Textile Market
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1.7 Value Chain Analysis of the Asia-Pacific Home Textile Market
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1.8 Porter's Five Forces Analysis
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1.9 Technological Innovations
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2. MARKET SEGMENTATION
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2.1 By Product
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2.1.1 Bed Linen
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2.1.2 Bath Linen
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2.1.3 Kitchen Linen
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2.1.4 Upholstery
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2.1.5 Floor
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2.2 By End User
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2.2.1 Residential
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2.2.2 Commercial
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2.2.3 Hospitality & Leisure
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2.2.4 Offices
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2.2.5 Hospitals
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2.2.6 Others
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2.3 By Distribution Channel
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2.3.1 Supermarkets & Hypermarkets
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2.3.2 Specialty Stores
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2.3.3 Online
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2.3.4 Others
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2.4 By Country
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2.4.1 China
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2.4.2 Japan
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2.4.3 India
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2.4.4 Others
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Asia-Pacific Home Textile Market Size FAQs
What is the current Asia-Pacific Home Textile Market size?
The Asia-Pacific Home Textile Market is projected to register a CAGR of 5.30% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Home Textile Market?
Welspun Group, Sunvim Group Co. Ltd, Luolai Home Textile Co. Ltd, Bombay Dyeing and Fuanna are the major companies operating in the Asia-Pacific Home Textile Market.