Global Home Textile Retail Market 2018-2022 | Innovation and Portfolio Extension to Boost Growth | Technavio
June 13 2018 - 01:00PM
Business Wire
The global home textile retail market is expected to register a
CAGR of around 7% during the period 2018-2022, according to
the latest market research report by Technavio.
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Technavio has published a new market
research report on the global home textile retail market from
2018-2022. (Graphic: Business Wire)
A key factor driving the market’s growth is the innovation and
portfolio extension leading to premiumization. In the global home
textile retail market, the home textile products with innovative
features, utility, and designs are relatively high-priced than
other types of regular home textile products. The superior-quality,
comfortable, and innovative home textiles are in high demand among
the customers around the world.
This market research report on the global home textile retail
market 2018-2022 also provides an analysis of the most
important trends expected to impact the market outlook during the
forecast period. Technavio predicts an emerging trend as a major
factor that has the potential to significantly impact the market
and contribute to its growth or decline.
This report is available at a USD 1,000 discount for a
limited time only: View market snapshot before
purchasing
In this report, Technavio highlights the distribution channel
expansion strategy by vendors as one of the key emerging trends in
the global home textile retail market:
Global home textile retail market:
Distribution channel expansion strategy by vendors
The vendors in the global home textile retail market are
adopting different strategies to broaden their customer base. One
of the popular strategies adopted by vendors nowadays is the
distribution channel expansion. The omni-channel strategy is
trending these days among the home textile manufacturers as they
are entering the retail space to gain more customer base and
improve brand recognition.
“The vendors in the global home textile
retail market are continuously emphasizing on distributing and
promoting their home textile products through online shopping
portals. In 2017, the global business-to-consumer e-commerce
industry was valued at USD 2.27 trillion and is expected to grow
significantly through 2022. Thus, this provides a significant
growth potential for the vendors offering home textiles and other
home furnishing products,” says a senior analyst at Technavio for
research on apparel and textile.
Global home textile retail market:
Segmentation analysis and forecast
This market research report segments the global home textile
retail market into the following products (bed linen, bedspreads,
and other bedroom textiles, bath linen, carpets and rugs,
upholstery, and kitchen linen) and key regions (the Americas, APAC,
and EMEA).
The bed linen, bedspreads, and other bedroom textiles segment
held the largest market share in 2017, accounting for more than 40%
of the market. This product segment is expected to dominate the
global market throughout the forecast period.
EMEA held the highest share of the global home textile retail
market in 2017, accounting for a market share of approximately 38%.
The market share occupied by this region is anticipated to decrease
to some extent by 2022. However, this region will dominate the
global market throughout the forecast period.
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Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market sizing
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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version on businesswire.com: https://www.businesswire.com/news/home/20180613005979/en/
Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS:
+1 844 364 1100UK: +44 203 893 3200www.technavio.com