The global home textiles market is expected to grow at an annual rate of 3.51% between 2020-2025, media reported based on a study of TexPro.
The market size will reach $151.825 billion by 2025 and China will maintain its dominant position in the segment, and will also remain the most prominent home textiles market in the world with a share of over 28%.
According to TexPro, the global market size of home textiles was recorded at $110 billion in 2016 and grew to $127.758 billion in 2020 and $132.358 billion in 2021.
The market is expected to grow to $136.990 billion in 2022, $141.648 billion in 2023, $146.606 billion in 2024, and $151.825 billion in 2025 with an average annual growth rate of 3.51% between 2020-2025.
Chinese textile market was $27.907 billion in 2016, which grew to $36.056 billion in 2020, and $38.292 billion in 2021.
The market will grow to $40.581 billion in 2022, $42.928 billion in 2023, $45.411 billion in 2024, and $48.036 billion in 2025 with an average annual growth rate of 5.90% between 2020-2025, TexPro said.
Moreover, the US home textiles market will grow at 2.06% annually between 2020-2025 which was $24.064 billion in 2016, and $26.698 billion in 2020, and $27.287 billion in 2021.
The US market is likely to grow to $27.841 billion in 2022, $28.386 billion in 2023, $28.958 billion in 2024, and $29.566 billion in 2025.
The rest of Europe (other than Germany, France, the UK, and Italy) can witness an annual growth of 1.12% to reach $11.706 billion in 2025 which was $10.459 billion in 2016 and $11.198 billion in 2021.
Indian market will grow to $9.835 billion in 2024 while the Rest of Asia Pacific will reach $9. 667 billion.
Indian market will reach $10.626 billion in 2025 with average annual growth of 8.18% in the five years with the highest growth rate.
In 2016, the market size was $5.203 billion in India and $6.622 billion in the Rest of the Asia Pacific region.
