Market Size of China Home Textiles Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Market Size (2024) | USD 55.80 Billion |
Market Size (2029) | USD 79.57 Billion |
CAGR (2024 - 2029) | 7.35 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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China Home Textile Market Analysis
The China Home Textiles Market size is estimated at USD 55.80 billion in 2024, and is expected to reach USD 79.57 billion by 2029, growing at a CAGR of 7.35% during the forecast period (2024-2029).
China's huge population, coupled with its increasing textile and clothing consumption per capita year by year, is providing a lucrative global business opportunity for the market. The increasing home renovation projects in the country are also accelerating the growth of the market by creating opportunities for home textiles producers. Chinese customers are increasingly placing more emphasis on the quality and design of home decorations. Thus, the market has been experiencing rapid growth during the study period and is anticipated to continue the growth in the forecast period as well.
Guangdong Province, Shanghai, Nantong in Jiangsu Province, Zhejiang Province, and Shandong Province are the industrial cluster areas in China. Several key players are pairing up with technology companies to tap the smart home industry. Asia-Pacific region, which accounts for around 45% of the market remains as the most strong producer and consumer of home textiles. Moreover, within the region, China is the largest manufacturer and consumer of home textiles.
The COVID-19 outbreak disrupted the China home textile industry which operations fell into a state of shutdown and production reduction in a large area. However, with the country's gradual and effective control of the pandemic, the industry has overcome many difficulties and actively organized the resumption of work and production during the second half of the year 2020.
China Home Textile Industry Segmentation
A complete background analysis of the China home textile market, including an assessment of the economy, the contribution of sectors in the economy, market overview, market size estimation for key segments, emerging trends in the market segments, market dynamics, and company profiles of the key players are covered in the report. China Home Textile Market is Segmented by Product into Bed Linen, Bath Linen, Kitchen Linen, Upholstery, and Floor Covering, and by Distribution Channel into Supermarkets & Hypermarkets, Speciality Stores, Online and Other Distribution Channels.
By Product | |
Bed Linen | |
Bath Linen | |
Kitchen Linen | |
Upholstery | |
Floor Covering |
By Distribution Channel | |
Supermarkets & Hypermarkets | |
Speciality Stores | |
Online | |
Other Distribution Channels |
China Home Textiles Market Size Summary
The China home textiles market is poised for significant growth, driven by the country's large population and increasing per capita consumption of textiles and clothing. This growth is further fueled by a surge in home renovation projects, which create opportunities for home textile producers. Chinese consumers are placing greater emphasis on the quality and design of home decorations, contributing to the market's rapid expansion. Key industrial clusters in provinces such as Guangdong, Shanghai, and Jiangsu are central to this growth, with major players collaborating with technology companies to explore the smart home industry. Despite challenges posed by the COVID-19 pandemic, the market has shown resilience, with a recovery underway as operations resumed and export demand increased, particularly in North America and Oceania.
The market landscape is characterized by the presence of major international players, with a few dominating the market share. Companies like Luolai Home Textile Co., Ltd., Sunvim Group, and Fu Anna are competing through strategic volume purchasing and effective marketing. Meanwhile, smaller and medium-sized enterprises are focusing on niche segments, offering depth in product variety and superior customer service. The market's recovery is evident in the growing demand for bed linen and bedspread segments, although some areas like towels and blankets faced declines due to the pandemic and trade tensions. Overall, the market is expected to continue its upward trajectory, supported by increasing consumer income and a gradual return to pre-pandemic conditions.
China Home Textiles 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 Market Drivers
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1.3 Market Restraints/Challenges
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1.4 Market Opportunities
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1.5 Industry Supply Chain/Value Chain Analysis
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1.6 Porter's Five Forces Analysis
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1.7 Insights on Consumer Buying Behavior and Purchasing Trends
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1.8 Insights on Key Trends and Technological Innovations in the Industry
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1.9 Insights on Imports and Exports in China Home Textiles Market
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1.10 Impact of COVID -19 on the Market
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1.11 Insights on Fabric Type (Cotton, Silk, Polyester, etc)
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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 Covering
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2.2 By Distribution Channel
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2.2.1 Supermarkets & Hypermarkets
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2.2.2 Speciality Stores
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2.2.3 Online
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2.2.4 Other Distribution Channels
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China Home Textiles Market Size FAQs
How big is the China Home Textiles Market?
The China Home Textiles Market size is expected to reach USD 55.80 billion in 2024 and grow at a CAGR of 7.35% to reach USD 79.57 billion by 2029.
What is the current China Home Textiles Market size?
In 2024, the China Home Textiles Market size is expected to reach USD 55.80 billion.