NEW YORK , Oct. 1, 2024 /PRNewswire/ -- Report with market evolution powered by AI- The global home textile retail market size is estimated to grow by USD 67.6 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of 6.35% during the forecast period. Innovation and portfolio extension leading to premiumization is driving market growth, with a trend towards distribution channel expansion strategy by vendors.
However, volatility of raw material prices poses a challenge. Key market players include Amazon.com Inc.
, Ashley Retail LLC, Bed Bath and Beyond Inc., Industria de Diseno Textil SA, Inter IKEA Holding BV, Kohls Inc, Kroger Co., Lowes Co.
Inc., Macys Inc., Ralph Lauren Corp.
, Restoration Hardware Inc., Springs , Steinhoff International Holdings NV, Home Depot Inc., The Novogratz, The TJX Companies Inc.
, Trident Ltd., Walmart Inc., Wayfair Inc.
, and Welspun India Ltd.. Key insights into market evolution with AI-powered analysis.
Explore trends, segmentation, and growth drivers- View the snapshot of this report Market Driver Home textile vendors are expanding their distribution channels to reach a larger customer base. The omnichannel strategy, which involves selling products through both physical retailers and online platforms, is increasingly popular. Notable e-commerce retailers in this sector include Amazon.
com, Rakuten Commerce, and Alibaba Group. The global B2C e-commerce industry is projected to expand substantially during the foreca.