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Home Textile Retail Market to Grow by $ 44.07 bn During 2020-2024 | Industry Analysis, Market Trends, Market Growth, Opportunities and Forecast 2024 | Technavio

·7 min read

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)

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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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View market snapshot before purchasing

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

    • MEA

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.

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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:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem

  • Value chain analysis

Market Sizing

  • Market definition

  • 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 condition

Market Segmentation by Product

  • Market segments

  • 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

  • Market segments

  • 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

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation

  • Geographic comparison

  • 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

  • Market drivers

  • 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 challenges

  • Market trends

Vendor Landscape

  • Overview

  • Vendor landscape

  • Landscape disruption

Vendor Analysis

  • Vendors covered

  • Market positioning of vendors

  • Amazon.com Inc.

  • 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.

  • Tesco Plc

  • Wayfair Inc.

Appendix

  • Scope of the report

  • Currency conversion rates for US$

  • Research methodology

  • List of abbreviations

About Us

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/

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