Contract Textile Market Size, Share, Trends And Global Forecast To 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Contract Textile Global Market Report 2023 identifies the rise in online shopping as the major driver for the contract textile market's growth in the forecast period. Online shopping is a type of electronic commerce that enables buyers to transact with sellers directly over the Internet using a web browser or a mobile app. Online shopping has seen a significant surge due to the COVID-19 pandemic. People shifted from offline shopping to online shopping because of restrictions on movement. This shift has caused an increase in awareness about different types of textiles, including contract textiles.

The global contract textile market size grew from $4.81 billion in 2022 to $5.12 billion in 2023 at a compound annual growth rate (CAGR) of 6.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The contract textile market size is expected to grow to $6.1 billion in 2027 at a CAGR of 4.5%.

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Major competitors in the contract textile market are Agua Fabrics, Beaulieu International Group, Camira Fabrics Ltd., DELIUS GmbH & Co. KG., Panaz, Sunbury Design, MAHARAM, Paramount Textile Mills (P) Ltd., CTL LEATHER, C.F. STINSON, LLC, ARC-COM, and ARCHITEX.

A key trend in the contract textile market includes product innovations. Innovations such as Celliant fiber are gaining popularity in the contract textile market. Celliant fiber features patented infrared fiber technology, which enhances cellular oxygenation and local circulation for improved performance, recovery, and sleep. For instance, in October 2021, The Crypton Companies, a US-based textile company, in partnership with Hologenix LLC, a producer of Celliant Infrared Technology, developed Crypton CELLIANT, the first woven upholstery fabric containing Celliant fiber. When a person sits on a chair covered with Celliant, the minerals in the fabric absorb the heat generated by the body. Thus, by temporarily increasing local blood flow in the cell tissue, performance and recovery are improved.

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The contract textile market is segmented -
•By Product: Type A, Type B, Type C
•By End User: Office Spaces, Public Buildings, Healthcare, Hotels, Restaurants, and Cafes (HORECA)
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the contract textile market.

The Business Research Company's "Global Contract Textile Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Contract Textile Market Include:
1. Contract Textile Market Executive Summary
2. Contract Textile Market Segments
3. Contract Textile Market Size And Contract Textile Market Growth Rate
4. Key Contract Textile Market Trends
5. Major Contract Textile Market Drivers
……
25. Key Mergers And Acquisitions In The Contract Textile Market
26. Top Contract Textile Companies
27. Contract Textile Market Opportunities And Strategies
28. Contract Textile Market, Conclusions And Recommendations
29. Appendix

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