Published Date : Dec 18, 2017
ALBANY, New York, December 18, 2017 – MarketResearchReports.biz announces the availability of a fresh business intelligence study in its repository, titled “Home Textile Product Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025.” The report is a commerce study developed by experienced analysts and aims to act as a reliable business tool for the stockholders of the global home textile product market. The report embarks with an executive summation of the current condition of the market, wherein research methodologies have also been revealed for the customer’s satisfaction.
Moving on, the report provides in-depth reports of the factors that will define the increment or decrement of the market for home textile product, such as trends, restraints, drivers, and opportunities. Each of the factor is assessed in terms of its futuristic impact. Segmentation of the market has taken considerable effort from the analysts too, as it is important to highlight the valuation of smaller aspect of the market that the players must be concentrating on to find their niche and gain shares. The report segments the global home textile product market on the basis of product category. Geographical segmentation of the market has also consumed quality time from the analysts as targeted audiences of this report come from various parts of the world and their business may be limited to a few countries and regions. To complete a thorough study, the report has an elaborated section of the competitive landscape, wherein several leading and notable players have been profiled for their business overview, manufacturing units and procedures, geographical presence, and recent strategic decisions such as mergers and collaborations.
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As per the findings of the report, home textile products have emerged as a niche segment to the global textile market, for which the consumers are willing to pay extra for handcrafted materials. The market seems to have recovered from the fiscal crisis of 2008 and is projecting remarkable growth prospects. Rapid rise of urban population in several emerging economies, rising inclination of several governments to formulate favorable regulations for the prosperity of small businesses in rural areas, foreign investments into niche textiles, and rapid rise of building and construction industry are some of the key factors augmenting the demand in the global home textile product market. Although home textile products account for a meager percentage of the global textile market, it certainly is a niche opening for the vendors to gain ground over the competition.
On the other hand, high cost of logistics, limited production capabilities, and the lack of infrastructure of transportation are a few factors obstructing the prosperity of the global home textile products market. It has also been observed that there is a strong lack of high quality raw materials, which restricts these products to make an impression on its customers only via its craft and not quality.
Based on category, the report has segmented the home textile product market into bath/toilet linen, bed linen & bed spread, upholstery, kitchen linen, floor, and others. Currently, the upholstery segment provides for the maximum demand. Geographically, North America continues to be most profitable region, gaining maximum demand from the developed country of the U.S., wherein demand for home textile products is soaring.
Some of the key companies currently operating in the global home textile product market are Alok Industries Limited, Welspun Group, Trident Group, Bombay Dyeing, Himatsingka Seide Limited, Bombay Rayon Fashions Ltd, Sunvim Group, Raymond Ltd, Indo Count Industries Ltd., Orient International Holding, Hunan Mendale Hometextile Company Ltd., Luolai Lifestyle Technology Co. Ltd, Shanghai Hometex Co., Ltd., and Honsun Home Textile Co., LTD.
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