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There was a time when textile items such as bed linen,bedspreads, curtains and table linen were bought only during major festivals bymajority of the households in India. It was a common practice to have just ahandful of bed linens and wash them frequently till they tore apart! That was20 years ago. Thanks to the phenomenal growth of Indian retailing, increase inpurchasing power of Indian people and growing consumerism, the lifestyle ofIndian middle class is transforming. Growing demand for fashion apparels orhome textiles is a part of this transformation. The young working couples ofurban India take pride in giving a trendy look to their homes by picking up thebest home textile items from large retail stores/multi-brand outlets. At present,the home textile in India is estimated at Rs150 billion and the market is setto get bigger.
World over, home textiles always played an important role inthe comfort, protection and decoration of furnishings. Global home textilesmarket (consumption) was estimated at around US$105 billion in 2006 and isexpected to grow at 15% per annum. The US happened to be the largest market andwas estimated at US$16 billion. While North America and Europe still take upthe bulk of shipments, exports to emerging destinations such as Eastern Europeand the Middle East are gathering pace. Japan, Australia, New Zealand are also large consumers of home textiles. Global demand for home textiles hasled to increased investment in Indian textile industry. India is one of the big players in supply of home textiles after China.
This article attempts to discuss global market overview ofHome Textiles in the backdrop of home textiles market in the US, the UK, India and China. Following home textile product categories have been largely consideredwhile giving the market overview:
About the Author:
The author holds a vast experience of 22 years. Currently heis heading the Business Research/Research Analytics/Market Research at CygnusBusiness Consulting & Research, Hyderabad.
