LONDON--(BUSINESS WIRE)--Technavio has been monitoring the home textile retail market and it is poised to grow by USD 57.69 bn during 2020-2024, progressing at a CAGR of over 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
The global #hometextileretail market will grow by USD 57.69 billion during 2020-2024, according to @Technavio
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Inter IKEA Systems B.V., Restoration Hardware Inc., Steinhoff International Holdings N.V., Tesco Plc and Wayfair Inc. are some of the major market participants. Although the increase in online retailing will offer immense growth opportunities, raw material price volatility will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
