Bath Picture
Posted in Art Supplies Canvas on 06/03/2010 01:31 pm by admin
High Development Across the World in Bed & Bath Furnishing Market
Bed & bath furnishings are required by everyone and with the globalization the demand for all types of trendy & stylish bed and bath furnishings has further aggravated. Youth of today wants everything very fashionable & in sync with each other. So, gone are the days when our mothers used to buy the bed & bath furnishings in bulk without noticing its color & designs. This change in the mind set has led to the tremendous growth in the world of bed & bath furnishing market across the world.
If we talk about the home textile, the Global market size is close to US $ 70 billion with the consistent growth of 5%. US is the world’s biggest market having a share of US $ 18 billion that is followed by European Union that stands at US $ 15 billion. The combined figure for Indian textile & clothing industry is US $ 36 billion and around US $ 12 comes from Indian export arena. So these figures give us an idea that how big this textile sector is. Now if we check the global home textiles market consumption then it stands at US $ 105 billion and it is expected to show the 15% growth per annum.
Now under bath furnishings consumer check for shower curtains, bath mats, hand towels, bath robes, bath rugs, bath towels & face towels. Wherein bedroom furnishings have throws, quilt covers, blanket covers, bed covers, pillow covers, bed sheets, cushion covers, duvet covers & bed spreads. These days generally bathroom are attached with the bedroom so one really needs to care for all these items if looking for the perfect home decoration. In this color, designs, fabrics, thread count, softness of fabric etc are checked. Consumer today is totally aware of these things are thus looks for quality. Manufacturers with number also give quality.
Fashion changes everyday and with this people pick up different furnishings to decorate their homes. Some people are so conscious that they change their home furnishings according to the seasons and festivals. Experiments with bright colors are also done. Like nowadays it is easy to find blue & red curtain which were once used be in brown & other earthy shades.
US Bed & Bath Furnishings Market
US is the biggest consumer of luxury furnishings for home. Satin, silk, velvet & suede made home textile furnishings are in demand. Whereas trend for beaded and embroidered products is increasing which is met by the suppliers from India & China. In addition to luxury bed & bath furnishing the demand for organic & green furnishing products is also increasing in US furnishing market. US choose the producers from lowest cost region and in this India, China, Pakistan & Vietnam are the chief players who export to US. There has been seen growth in the amount of imports in US that shows growth in the textile market. The import market of US has grown from 26% to 34% in case of China.
UK Bed & Bath Furnishings Market
In UK market the bed linen & bath furnishings along with table linen & filled products are the major textile furnishings that are exported to UK that stands at US $ 1.3 billion and it is expected to show 2% growth.
Indian Bed & Bath Furnishings Market
Indian market is full of bed & bath furnishings in which bed linens, towels, table linens are the hottest products. There are many local manufacturers & suppliers who make quality product both for home & to export. The market of bed & bath furnishings has emerged as the most promising market. Odour free home textiles, varied designs, colors, eco-friendly furnishings have really changed the whole scenario. Many new brands are emerging in the market. In India the organized sector is increasing that was once under the un-organized small scale industry. The growth is because of the rise in the demand for bed & bath furnishings products. Bombay Dyeing, Welspun, Raymond, Pantaloon are the chief players.By 2010, the India’s home textile exports is expected to show the growth from $1.2 billion to $ 5 billion.
Reason for Growth for the World of Bed & Bath Furnishings Market
- Rising income is the major contributor towards rising demand for bed & bath furnishings
- Rising urban population between 15-59 years as this is the age when one is really aware of home decor and furnishing needs
- Awareness by media. This include online, print & electronic media. If we talk about today then there are numerous home decor magazines with pictures of elegant home, explicitly showing the dandified home furnishing. These magazines and other electronic media like TV & Internet are easily accessible, which has boosted the dream of having a similar home. So media has really played an important role in speeding up the growth of bed & bedding furnishing market.
- Increasing number of working female population. Females are the home maker and if the home maker is working & earning then it expected that they will spend more on furnishings.
- Now a days there are numerous finance agencies and banks that give personal or other kinds of loan for home improvement. This has really changed the scenario of spending money on home furnishing.
- Growth in the real estate sector has also contributed towards the growth in the market for bed & bath furnishing along with other home textile furnishing products. People are buying home and go for the perfect home decor.
- Increase in the number of malls & complete chain of retail sector. Indian market has been sizzled by the many brands that have opened the shopping centers. In this Reliance, Aditya Birla Group, Lifestyle are few to name.
About the Author
R Oberoi is associated with Textile Furnishings and suggests www.textilefurnishings.com for further reading & information. It is an online B2B marketplace for global buyers, sellers, manufacturers, suppliers & consumers of international home furnishings market.
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