E-commerce to Contribute Towards Growth of the Global Home Textiles and Furnishings Market

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Market Research has announced the addition of a new research study on the global market of home textiles and furnishings, titled “Global Home Textiles and Furnishings Market Trends and Opportunities 2014-2019,” to its extensive report database.

The report sheds light on the global consumption pattern of textile and furnishings items such as towels, textile flooring's, and curtains. The overall global market is assessed by the report with focus on the regional markets of US, China, India, Europe, and turkey. The report assesses major market trends, drivers and constraints faced by the market, and presents forecasts for the years between 2014 and 2019.

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The report states that home textiles and furnishing forms a significant portion of the global textiles industry. The segment offers products such as furnishing fabrics, bedspreads, cushion covers, rugs, curtains, carpets, table covers, linen, place mats, kitchen accessories, made-ups, bath linen, bed spreads, and a variety of other furnishing accessories.

The past five years have observed a consistent growth of the global home textiles and furnishings market, owing to factors such as rising demands from Asian markets such as China, Korea, India and Indonesia, rising consumer spending on home renovations from across the globe, and good flow of investments on infrastructure. New innovative manufacturing technologies and advanced marketing strategies have allowed retailers and marketers in reaping benefits of a widened marketplace and increased sales opportunities.

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The report states that the global home furnishings and textiles market is also benefitting largely due to the emergence of E-commerce in home furnishings market. The rising number of e-commerce websites will help the market become more reachable and popular for the consumers.

However, factors such as fluctuating prices of raw materials, high competition in the marketplace and strict legislative requirements could limit market growth to a certain extent over the report’s forecast period.

Currently, the regional markets Europe and the USA dominate the global home furnishings and textiles market by being the largest consumers of the market. Asian countries such as India, Pakistan and China lead the market by being the key suppliers. Curtains have the largest share of the overall market value, followed by market segments bed linen, textile flooring's, kitchen, table and toilet linen. Major fabrics used for manufacturing home textiles and furnishings include cotton, silk, polyester, poly-silk, poly-cotton, viscose-silk and bamboo.

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