This report describes the global market size of Contract Textile Market Size, Share & Trends Report Market from 2018 to 2021 and its CAGR from 2018 to 2021, and also forecasts its market size to the end of 2030 and its expected to grow with a CAGR of 4.4% from 2023 to 2030.
All textile items intended for use in the commercial sector, particularly in the hotel and food services sectors, are referred to as "contract textiles."Contract textiles are designed to a high grade of quality to resist these requirements throughout their service life. A business-to-business sector known as contract textile involves fabric producers entering into agreements with companies involved in the creation of completed items for commercial end users.
Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Contract Textile Market Size, Share & Trends Report Market estimated at US $ million in the year 2022, is projected to reach a revised size of US$ million by 2030, growing at a CAGR of 4.4% during the forecast period 2023-2030. North American market for Contract Textile Market Size, Share & Trends Report Market is estimated to increase from $million in 2022 to reach $ million by 2030, at a CAGR of 4.4% during the forecast period of 2023 through 2030.
For geography segment, regional supply, demand, major players, price is presented from 2018 to 2030. This report cover following regions:
Middle East and Africa
The key countries for each regions are also included such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.
For competitor segment, the report include global key players of Contract Textile Market Size, Share & Trends Report Market as well as some small players. The information for each competitor include:
Main Business Information
Sales Volume, Revenue, Price and Gross Margin
Textile Floor Covering
Textile Wall Covering
With the greatest revenue share of 45.6% in 2022, the decorative textile segment led the market. Over the ensuing years, the category is anticipated to expand at a notable CAGR. Decorative textiles serve no functional use other than to decorate the inside of commercial buildings. This includes the furniture, wall decor, curtains, and drapes. They are mostly used to produce an aesthetic impact in work environments, give seclusion in offices and hospitals, and minimise glare from sunshine.
By End Use
The market was led by the office space category in 2022, with a revenue share of 28.7%. Over the upcoming years, the category is anticipated to expand at a considerable compound annual growth rate. Due to extensive office renovation projects, the use of contract textiles for chairs, panels, and wall coverings in offices is anticipated to significantly increase. Additionally, a reasonably high growth rate in the commercial new building sector is anticipated as a result of rising corporate confidence, which is also anticipated to boost product demand.
Middle East & Africa
With a market share of 39.0% in terms of revenue in 2022, the Asia Pacific contract textile sector led the industry. Due to the area's rapid population expansion and extensive urbanisation, the region is likewise expected to increase at a large rate during the course of the projected period.
The number of commercial structures, including hospitals, office buildings, and hospitality industry facilities, including hotels, restaurants, and caf s, has increased as a result of the expanding population. This demand is driving up the price of contract cloth for use in interior design and d cor.
Beaulieu International Group
Camira Fabrics Ltd.
Panaz, Sunbury Design
Successori REDA S.p.A.
MOHAWK INDUSTRIES, INC
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Base Year: 2022
Historical Data: from 2018 to 2021
Forecast Data: from 2023 to 2030
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