#Market Analysis & Forecasts

2020-11-19

Home textile retail market to grow by $ 44.07 bn during 2020-2024

Technavio has been monitoring the home textile retail market and it is poised to grow by USD 44.07 bn during 2020-2024, progressing at a CAGR of almost 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Impact of COVID-19

The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the home textile retail market. The market growth in 2020 is likely to increase compared to the market growth in 2019.

Frequently Asked Questions:

What are the major trends in the market? Innovation and portfolio extension leading to premiumization is a major trend driving the growth of the market.

At what rate is the market projected to grow? The market will accelerate at a CAGR of almost 5% and the incremental growth of the market is anticipated to be $ 44.07 bn.

Who are the top players in the market? Amazon.com Inc., Ashley Furniture Industries Inc., Bed Bath & Beyond Inc., Costco Wholesale Corp., Home Depot Product Authority LLC, Inter IKEA Systems BV, Restoration Hardware Inc., Steinhoff International Holdings NV, Tesco Plc, and Wayfair Inc., are some of the major market participants.

What is the key market driver? The distribution channel expansion strategy by vendors is one of the major factors driving the market.

How big is the APAC market? The APAC region will contribute to 32% of the market share.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Amazon.com Inc., Ashley Furniture Industries Inc., Bed Bath & Beyond Inc., Costco Wholesale Corp., Home Depot Product Authority LLC, Inter IKEA Systems BV, Restoration Hardware Inc., Steinhoff International Holdings NV, Tesco Plc, and Wayfair Inc. are some of the major market participants. The distribution channel expansion strategy by vendors will offer immense growth opportunities. In a bid to help players strengthen their market foothold, this home textile retail market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Home Textile Retail Market 2020-2024: Segmentation

Home Textile Retail Market is segmented as below:

Product

Bed Linen, Bedspreads, And Other Bedroom Textiles

Bath Linen

Carpets And Rugs

Upholstery

Others

Distribution Channel

Offline Distribution Channel

Online Distribution Channel

Geographic

APAC

Europe

North America

South America

To learn more about the global trends impacting the future of market research, download a free sample:

https://www.technavio.com/talk-to-us?report=IRTNTR40639

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