Home Textile Market Size in Europe to Grow by USD 13.36 billion | Increased Consumer Spending on Home Renovation and Household Furnishing to Boost Market Growth | Technavio – Yahoo Finance
NEW YORK, July 6, 2022 /PRNewswire/ — Home textiles are used to manufacture a wide range of functional and decorative products, such as home furnishing fabrics, bedspreads, blankets, pillows and pillow covers, cushion and cushion covers, carpets and rugs, wall hangings and curtains, towels, tablecloth and mats, and kitchen and bathroom accessories. The fabrics used for home textiles comprise both natural and artificial fibers, which are sometimes blended to obtain stronger fabrics.
Technavio has announced its latest market research report titled Home textile Market in Europe by Product and Distribution channel – Forecast and Analysis 2022-2026
The “Home Textile Market In Europe by Product (BBO, Carpets and rugs, Upholstery, Kitchen linen, and Others) and Distribution Channel (Offline and Online) – Forecast and Analysis 2022-2026” report has been added to Technavio’s offering. The potential growth difference for the home textile market size in Europe between 2021 and 2026 is USD 13.36 bn.
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Key Market Dynamics:
Market Driver: The increased consumer spending on home renovation and household furnishing due to growing consumer interest in home renovation is driving the growth of the market. Consumers are looking for unique designs, styles, and colors. Furthermore, the rising number of working women across the world and their increase in participation in household decision-making will further lead to a growth in interest in the selection of home decor. Other factors such as the proliferation of online shopping portals are also expected to drive the home textile market growth in Europe during the forecast period.
Market Challenge: Stringent regulatory compliance is challenging the market growth. For instance, as per (EU) No 1007/2011, vendors that manufacture, distribute, and sell several home textile products must label and mark the fiber composition used in textile products. This protects the interests of the end-consumers and removes hindrances in the functioning of the domestic market. Such regulatory compliance is expected to challenge the market growth during the forecast years.
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The report on the home textile market in Europe report is segmented by product (BBO, carpets and rugs, upholstery, kitchen linen, and others) and distribution channel (offline and online).
View our sample report for additional insights into the contribution of all the segments and regional opportunities in the report.
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The home textile market in Europe is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. The market covers the vendors that offer carpets and rugs, bedroom linen, bath linen, upholstery, etc., for residential applications. The market is characterized by the presence of category-focused vendors and other diversified categories of vendors. The market is highly competitive, with the presence of several …….