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.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201117006065/en/
Technavio has announced its latest market research report titled Global Home Textile Retail Market 2020-2024 (Graphic: Business Wire)
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.
Related Reports on Consumer Discretionary Include:
Cloud Kitchen Market by Type and Geography - Forecast and Analysis 2020-2024- The cloud kitchen market size has the potential to grow by USD 1.18 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. To get extensive research insights: Click and get FREE sample report in minutes
Dry-cleaning and Laundry Services Market by End user and Geography - Forecast and Analysis 2020-2024 - The dry-cleaning and laundry services market size has the potential to grow by USD 1.28 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. To get extensive research insights: Click and get FREE sample report in minutes
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:
Bed Linen, Bedspreads, And Other Bedroom Textiles
Carpets And Rugs
Offline Distribution Channel
Online Distribution Channel
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
Home Textile Retail Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The home textile retail market report covers the following areas:
Home Textile Retail Market Size
Home Textile Retail Market Trends
Home Textile Retail Market Industry Analysis
This study identifies innovation and portfolio extension leading to premiumization as one of the prime reasons driving the home textile retail market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Home Textile Retail Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist home textile retail market growth during the next five years
Estimation of the home textile retail market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the home textile retail market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of home textile retail market vendors
Table of Contents:
Value chain analysis
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019-2024
Five Forces Analysis
Five Forces Summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Product
Comparison by Product placement
Bed linen, bedspreads, and other bedroom textiles - Market size and forecast 2019-2024
Bath linen - Market size and forecast 2019-2024
Carpets and rugs - Market size and forecast 2019-2024
Upholstery - Market size and forecast 2019-2024
Kitchen linen - Market size and forecast 2019-2024
Others - Market size and forecast 2019-2024
Market opportunity by Product
Market Segmentation by Distribution channel
Comparison by Distribution channel placement
Offline distribution channel - Market size and forecast 2019-2024
Online distribution channel - Market size and forecast 2019-2024
Market opportunity by Distribution channel
APAC - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
North America - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Drivers, Challenges, and Trends
Volume driver - Demand led growth
Volume driver - Supply led growth
Volume driver - External factors
Volume driver - Demand shift in adjacent markets
Price driver - Inflation
Price driver - Shift from lower to higher priced units
Market positioning of vendors
Ashley Furniture Industries Inc.
Bed Bath & Beyond Inc.
Costco Wholesale Corporation.
Home Depot Product Authority, LLC
Inter IKEA Systems B.V.
Restoration Hardware Inc.
Steinhoff International Holdings N.V.
Scope of the report
Currency conversion rates for US$
List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on businesswire.com: https://www.businesswire.com/news/home/20201117006065/en/