#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.

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.

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.

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

Texprocess 2026: Automation, digitalisation and AI redefine textile processing

Making investment decisions in textile processing has become significantly more demanding. Increasing energy costs, a shortage of skilled labour and ongoing geopolitical uncertainties are compelling companies to focus on technologies that deliver clear gains in efficiency and process reliability. This applies equally to apparel manufacturing and to the processing of technical textiles and high-performance materials. As a result, modernisation initiatives are assessed more carefully – even as the need to upgrade production systems continues to intensify.

Techtextil 2026: Between innovation pressure & market reality

From 21 to 24 April 2026, Techtextil in Frankfurt am Main will once again become the central meeting point for the international technical textiles and nonwovens industry. Running in parallel, Texprocess will focus on the industrial implementation of textile processing technologies as the leading platform in this field. Together, the two trade fairs form a closely integrated presentation and working platform along the entire textile value chain – from material development to finished applications.

Between geopolitical pressure and industrial resilience

In this interview, Dr. Janpeter Horn (VDMA) discusses the current challenges facing textile machinery manufacturers, shaped by geopolitical tensions, regulatory developments and subdued investment. He also outlines why innovation strength, integrated solutions and strategic positioning remain key to global competitiveness.

Fluff pulp market maintains steady growth

Despite being impacted by political and economic woes, the global fluff pulp market in 2024 will reach 7.3 million air dried tonnes with a value of $9.7 billion, according to a new Smithers produced study, The Future of Fluff Pulp to 2029. This is up from 6.2 million air dried tonnes valued at $5.5 billion in 2019.

Economic and geopolitical headwinds influence industrial nonwovens growth to 2029

The global consumption of industrial nonwovens in 2024 is 5.3 million tonnes or 83.4 billion square metres (m2), valued at $21.2 billion, according to The Future of Industrial Nonwovens to 2029 from Smithers. Growth rates for 2019-24 were 6.9% (tonnes), 6.9% (m2) and 6.7% ($). This reflects a recovery in some markets from Covid-19 as well as an adjustment to the Russian invasion of Ukraine in 2022 and its repercussions (inflation, energy supply/price, global economic growth reductions).

BTMA backs global growth while investing in future UK leaders

As one of a number of new initiatives launched this year, the British Textile Machinery Association (BTMA) is launching the UK-India Textile Machinery Coalition. The UK-India Free Trade Agreement, signed in July 2025, has implications that extend across sourcing, competitiveness and long-term trade dynamics, believes BTMA CEO Jason Kent.

China projected to increase cotton production, yields, and imports in 2026/27

World cotton production in the 2026/27 season is projected at 25.9 million tonnes, exceeding global consumption of 25.2 million tonnes, according to the May 2026 issue of Cotton This Month. That means both production and consumption are expected to remain close to current season levels, while global cotton trade is projected to decline by 2.7% to approximately 9.6-9.7 million tonnes.