Global Home Textile Market Set to Soar to USD 185.97 Billion by 2030
According to a news article in Open PR, The global home textile market is undergoing a remarkable transformation, driven by rising disposable incomes, urbanization, and a heightened focus on home decor. Valued at USD 119.09 billion in 2023, the market is projected to grow to USD 185.97 billion by 2030, with a CAGR of 5.70%.
Key Drivers:
- Rising Disposable Incomes: Consumers are investing more in home furnishings as their financial capacity grows.
- Urbanization: Urban living is boosting demand for comfortable, stylish home textiles.
- Evolving Consumer Preferences: A focus on aesthetic, functional home spaces is driving demand.
- E-Commerce Growth: The ease of online shopping is expanding market accessibility for home textiles.
As consumers prioritise quality and style, the home textile market is set for robust growth, reshaping the way we design our living spaces.
