Global Home Textiles and Furnishings Market: Trend and Opportunities (2014-2019)

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Description

The report titled “Global Home Textiles and Furnishings Market: Trends and Opportunities (2014-2019)” analyzes the consumption pattern of the global home textiles and furnishings market, with a focus on its segments including: curtains, textile floorings and towels. The global market along with markets of the US, Europe, India, China and Turkey are assessed in the report. The major trends, growth drivers as well as issues being faced by the industry are presented in this report. The three major players in the industry, Welspun India Ltd, Dorel Industries Inc. and Springs Global are profiled, along with their key financials and strategies for growth.

Countries Coverage

The US

Europe

India

China

Turkey

Company Coverage

Welspun India Ltd

Springs Global

Dorel Industries Ltd

Executive Summary

Home textiles and furnishing sector forms a significant portion of overall textile industry. The sector offers a wide range of bedspreads, furnishing fabrics, curtains, rugs, carpets, placemats, cushion covers, table covers, linen, kitchen accessories, made-ups, bed spreads, bath linen, and other home furnishings accessories. Over the past 5 years, consumption of home textile and furnishings witnessed consistent growth driven by factors like rising consumer spending on home renovation, accelerating investments on infrastructure, demand from Asian markets like India, China, Korea and Indonesia. Product innovation and development has allowed retailers and manufactures to widen the market, using new technologies and advanced marketing approaches.

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The USA and Europe dominate the home furnishing market as largest consumers, while countries like India, China and Pakistan feature amongst key suppliers. Curtains constitute the largest sub segment of home textiles followed by textile floorings, bed linen, towels and table, toilet & kitchen linen. Major fabrics being used include cotton, organic- cotton, polyester, silk, poly- cotton, poly –silk, natural fibers like bamboos, viscose-silk.

Retail sales of home furnishings are expected to maintain relatively consistent growth in coming years. Economic recovery is expected to reduce the unemployment rate, generate GDP growth and strengthen the housing market, all of which will boost sales of home furnishings products. Moreover, emergence of E-commerce in home furnishings market is scaling new heights, and with increasing number shopping websites the market is also experiencing growth. Key issues in the market include rising raw material prices, strict legislative requirements and high competition.

Table of Content

1. Executive Summary

2. Global Textile Industry and Trade

2.1 Textile Trade

Table 1: World Merchandise Trade of Textiles in US$ Billion, 2009-2013

2.2 Top Exporters and Importers of Textiles

Table 2: Share of Top Exporting Countries of Textiles in %, 2013

Table 3: Share of Top Importing Countries of Textiles in %, 2013

3. Home Textiles and Furnishings

3.1 Introduction

3.2 Home Textiles Market: Sizing and Growth

Table 4: Share of Home Textile Out of Total Fiber Consumption, 2013E

Table 5: Share of Major Home Textile Importers in %, 2013

Table 6: Global Home Textile Consumption by Volume in Million Tonnes, 2009-2013

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