PUBLISHER: Grand View Research | PRODUCT CODE: 1405785
PUBLISHER: Grand View Research | PRODUCT CODE: 1405785
Luxury Fabric Market Size, Share & Trends Analysis Report By Type [Interior (Curtains, Bed Linen), Exterior (Gazebo Drapes, Outdoor Furniture Upholstery)], By Material (Silk, Velvet), By Distribution Channel, By Region, & Segment Forecasts, 2024-2030
Luxury Fabric Market Growth & Trends:
The global luxury fabric market size is estimated to reach USD 9.09 billion by 2030 and is projected to grow at a CAGR of 11.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market growth is mainly driven by the shifting consumer preferences toward comfort, sustainability, and high-quality performance fabrics.
In terms of expenditure on home improvement, baby boomers and Generation X continue to be the dominant consumer groups. According to headboards the 2022 U.S. Houzz & Home study, 55% of homeowners finished overall renovations in 2021. A 20% growth was observed in median renovation spend in 2021 compared to that of 2020. Baby boomers and Gen X accounted for 86% of remodelers, while only 9% of millennials and 5% of elderly people said they had renovated their homes. Therefore, luxury fabric is projected to witness an increased demand among Gen X and baby boomers due to high expenditure on home renovations.
Fabric type, aesthetics & design, durability, comfort & functionality, and brand reputation are among the major factors influencing consumer buying decisions. Luxury interiors often require fabrics with intricate designs, unique patterns, or exquisite embroidery. Customers are willing to pay a premium for materials that enhance the overall aesthetic appeal of their living spaces.
Product demand from new residential and commercial constructions is also an important factor driving market growth. The residential and commercial real estate is fueled by the growing worldwide population, particularly in urban areas. The ongoing urbanization and lifestyle changes trend emphasizes the need for more residential and commercial infrastructure to support the expanding urban population. It is widely recognized that environmentally friendly and high-quality infrastructure can stimulate economic growth and social progress.
Consumers consider linen to be one of the most sustainable textiles due to its minimal water usage, lack of need for pesticides, and biodegradability. Moreover, linen offers exceptional comfort and is moisture-resistant, hypoallergenic, and breathable, making it suitable for various climates and allergy sufferers. Its longevity and ability to age well contribute to its appeal, aligning with consumers' demand for long-lasting and high-quality luxury fabrics.
Consumer preferences in the luxury interior fabric industry are undergoing notable shifts driven by several factors. The growing emphasis on comfort has resulted in consumers favoring cozy, heavy textiles like wool boucle and soft cotton corduroy. In addition, there is a strong focus on healthy fabrics, prompted by the pandemic, with consumers looking for luxury products prioritizing natural and renewable materials over-processed and chemically treated options. Consumers are moving away from synthetic textiles, and the market is favoring organic and recycled fibers owing to the growing popularity of sustainable and environmentally friendly materials with transparency certifications.
Luxury Fabric Market Report Highlights:
- In terms of region, product demand in Asia Pacific is projected to dominate the market in 2030 with a revenue share of over 35%. The rising household expenditure on interior decorations and the rapidly expanding real estate in the region are among the key factors driving this trend
- In terms of material, demand for cashmere luxury fabrics is expected to grow at the fastest rate over the forecast period. Cashmere is ideal for crafting luxurious pillows and cushions and is an excellent choice for furnishing upholstery. Its luxurious texture and lightweight nature ensure comfortable seating, while its durability ensures it withstands regular use without signs of wear and tear
- In terms of type, demand for interior fabrics dominated the market in 2023. High costs associated with house prices and mortgage rates have led consumers to invest in home improvement or remodeling projects to revamp their traditional household structures. This subsequently drives demand for new stylized luxury fabrics for interior use
- In terms of distribution channel, online sales of luxury fabrics segment is projected to grow at the fastest rate. This channel is expected to witness significant growth in the coming years due to the increasing consumer preference for online shopping over physical stores
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation& Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Luxury Fabric Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Sales/Retail Channel Analysis
- 3.2.2. Profit Margin Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Industry Challenges
- 3.3.4. Industry Opportunities
- 3.4. Industry Analysis Tools
- 3.4.1. Porter's Five Forces Analysis
- 3.5. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
- 4.1. Demographic Analysis
- 4.2. Consumer Trends & Preferences
- 4.3. Factors Influencing Buying Decisions
- 4.4. Consumer Product Adoption Trends
- 4.5. Observations & Recommendations
Chapter 5. Luxury Fabric Market: Type Estimates & Trend Analysis
- 5.1. Type Movement Analysis & Market Share, 2023 & 2030
- 5.2. Luxury Fabric Market Estimates & Forecast, By Type, 2018 to 2030 (USD Million)
- 5.2.1. Interior
- 5.2.1.1. Curtains
- 5.2.1.2. Upholstery
- 5.2.1.3. Bed Linen
- 5.2.1.4. Mattress Coverings
- 5.2.2. Exterior
- 5.2.2.1. Outdoor Furniture Upholstery
- 5.2.2.2. Outdoor Pillows and Cushions
- 5.2.2.3. Cabana and Outdoor Curtains
- 5.2.2.4. Gazebo Drapes
- 5.2.2.5. Tablecloths and Linens
- 5.2.2.6. Poolside Lounging
- 5.2.2.7. Others
- 5.2.1. Interior
Chapter 6. Luxury Fabric Market: Raw Material Estimates & Trend Analysis
- 6.1. Raw Material Movement Analysis & Market Share, 2023 & 2030
- 6.2. Luxury Fabric Market Estimates & Forecast, By Raw Material, 2018 to 2030 (USD Million)
- 6.2.1. Silk
- 6.2.2. Cashmere
- 6.2.3. Cotton
- 6.2.4. Velvet
- 6.2.5. Linen
- 6.2.6. Jacquard
- 6.2.7. Others
Chapter 7. Luxury Fabric Market: Distribution Channel Estimates & Trend Analysis
- 7.1. Distribution Channel Movement Analysis & Market Share, 2023 & 2030
- 7.2. Luxury Fabric Market Estimates & Forecast, By Distribution Channel, 2018 to 2030 (USD Million)
- 7.2.1. Online
- 7.2.2. Offline
Chapter 8. Luxury Fabric Market: Regional Estimates & Trend Analysis
- 8.1. Regional Movement Analysis & Market Share, 2023 & 2030
- 8.2. North America
- 8.2.1. North America luxury fabric market estimates & forecast, 2018 - 2030 (USD Million)
- 8.2.2. U.S.
- 8.2.2.1. Key country dynamics
- 8.2.2.2. U.S. luxury fabric market estimates & forecast, 2018 - 2030 (USD Million)
- 8.2.3. Canada
- 8.2.3.1. Key country dynamics
- 8.2.3.2. Canada luxury fabric market estimates & forecast, 2018 - 2030 (USD Million)
- 8.3. Europe
- 8.3.1. Europe luxury fabric market estimates & forecast, 2018 - 2030 (USD Million)
- 8.3.2. Germany
- 8.3.2.1. Key country dynamics
- 8.3.2.2. Germany luxury fabric market estimates & forecast, 2018 - 2030 (USD Million)
- 8.3.3. UK
- 8.3.3.1. Key country dynamics
- 8.3.3.2. UK luxury fabric market estimates & forecast, 2018 - 2030 (USD Million)
- 8.3.4. France
- 8.3.4.1. Key country dynamics
- 8.3.4.2. France luxury fabric market estimates & forecast, 2018 - 2030 (USD Million)
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific luxury fabric market estimates & forecast, 2018 - 2030 (USD Million)
- 8.4.2. China
- 8.4.2.1. Key country dynamics
- 8.4.2.2. China luxury fabric market estimates & forecast, 2018 - 2030 (USD Million)
- 8.4.3. Japan
- 8.4.3.1. Key country dynamics
- 8.4.3.2. Japan luxury fabric market estimates & forecast, 2018 - 2030 (USD Million)
- 8.4.4. India
- 8.4.4.1. Key country dynamics
- 8.4.4.2. India luxury fabric market estimates & forecast, 2018 - 2030 (USD Million)
- 8.5. Central & South America
- 8.5.1. Central & South America luxury fabric market estimates & forecast, 2018 - 2030 (USD Million)
- 8.5.2. Brazil
- 8.5.2.1. Key country dynamics
- 8.5.2.2. Brazil luxury fabric market estimates & forecast, 2018 - 2030 (USD Million)
- 8.6. Middle East & Africa
- 8.6.1. Middles East & Africa luxury fabric market estimates & forecast, 2018 - 2030 (USD Million)
- 8.6.2. South Africa
- 8.6.2.1. Key country dynamics
- 8.6.2.2. South Africa luxury fabric market estimates & forecast, 2018 - 2030 (USD Million)
Chapter 9. Luxury Fabric Market - Competitive Landscape
- 9.1. Recent Developments & Impact Analysis, By Key Market Participants
- 9.2. Company Categorization
- 9.3. Participant's Overview
- 9.4. Financial Performance
- 9.5. Product Benchmarking
- 9.6. Company Market Share Analysis, 2023
- 9.7. Company Heat Map Analysis
- 9.8. Strategy Mapping
- 9.9. List of key companies analyzed in this section includes:
- 9.9.1. Jim Thompson Fabrics
- 9.9.2. Pierre Frey
- 9.9.3. Sanderson Design Group
- 9.9.4. The Romo Group
- 9.9.5. Kravet Inc.
- 9.9.6. Sattler Group (SUN-TEX GmbH)
- 9.9.7. Perennials and Sutherland L.L.C.
- 9.9.8. LVMH Moet Hennessy Louis Vuitton (Loro Piana)
- 9.9.9. Ermenegildo Zegna N.V.
- 9.9.10. De Le Cuona
List of Tables
- 1. Luxury fabric market estimates and forecast, by type (USD Million)
- 2. Luxury interior fabric market estimates and forecast, (USD Million)
- 3. Luxury curtains market estimates & forecast, 2018 - 2030 (USD Million)
- 4. Luxury upholstery market estimates & forecast, 2018 - 2030 (USD Million)
- 5. Luxury exterior fabric market estimates and forecast, (USD Million)
- 6. Luxury fabric market estimates & forecast, by raw material (USD Million)
- 7. Luxury fabric market estimates & forecast, by distribution channel (USD Million)
- 8. U.S. macro-economic outlay
- 9. Canada macro-economic outlay
- 10. UK macro-economic outlay
- 11. Germany macro-economic outlay
- 12. France macro-economic outlay
- 13. China macro-economic outlay
- 14. India macro-economic outlay
- 15. Japan macro-economic outlay
- 16. Brazil macro-economic outlay
- 17. South Africa macro-economic outlay
- 18. Recent developments & impact analysis, by key market participants
- 19. Company market share, 2023 (Value % share)
- 20. Company engaged in improving operational efficiency
- 21. Companies engaged in collaborations
- 22. Company involved in exhibitions
- 23. Company involved in acquisitions
- 24. Company involved in product launches
- 25. Company involved in diversification
List of Figures
- 1. Luxury fabric market segmentation
- 2. Information procurement
- 3. Primary research pattern
- 4. Primary research approaches
- 5. Primary research process
- 6. Market Snapshot
- 7. Type and Raw Material Segment Snapshot
- 8. Distribution Channel Segment Snapshot
- 9. Competitive Landscape Snapshot
- 10. Fabric market value, 2023 (USD Billion)
- 11. Luxury fabric market - Industry value chain analysis
- 12. Luxury fabric market dynamics
- 13. Global Construction Growth by Subsector
- 14. Luxury fabric market: Porter's analysis
- 15. Homeowners renovating in 2022, by generation
- 16. Reasons for satisfaction with bedding products among consumers, 2023
- 17. Preference for bed linen fabric
- 18. Factors affecting buying decisions
- 19. Reasons behind the purchase of new home textiles, 2020
- 20. Luxury fabric market, by type: Key takeaways
- 21. Luxury fabric market, by type: Market share, 2023 & 2030
- 22. Luxury interior fabric market estimates & forecasts, 2018 - 2030 (USD Million)
- 23. Luxury curtains market estimates & forecast, 2018 - 2030 (USD Million)
- 24. Luxury upholstery market estimates & forecast, 2018 - 2030 (USD Million)
- 25. Bed linen market estimates & forecast, 2018 - 2030 (USD Million)
- 26. Mattress coverings market estimates & forecast, 2018 - 2030 (USD Million)
- 27. Luxury exterior fabric market estimates & forecasts, 2018 - 2030 (USD Million)
- 28. Luxury outdoor furniture upholstery market estimates & forecasts, 2018 - 2030 (USD Million)
- 29. Luxury outdoor pillows and cushions market estimates & forecasts, by 2018 - 2030 (USD Million)
- 30. Luxury cabana and outdoor curtains market estimates & forecasts, 2018 - 2030 (USD Million)
- 31. Luxury gazebo drapes market estimates & forecasts, 2018 - 2030 (USD Million)
- 32. Luxury tablecloths and linens market estimates & forecasts, 2018 - 2030 (USD Million)
- 33. Luxury poolside lounging market estimates & forecasts, 2018 - 2030 (USD Million)
- 34. Other luxury exterior fabric market estimates & forecasts, 2018 - 2030 (USD Million)
- 35. Luxury fabric market, by raw material: Key takeaways
- 36. Luxury fabric market, by raw material: Market share, 2023 & 2030
- 37. Luxury silk fabric market estimates & forecasts, 2018 - 2030 (USD Million)
- 38. Luxury cashmere fabric market estimates & forecasts, 2018 - 2030 (USD Million)
- 39. Luxury cotton fabric market estimates & forecast, 2018 - 2030 (USD Million)
- 40. Luxury velvet fabric market estimates & forecast, 2018 - 2030 (USD Million)
- 41. Luxury linen fabric market estimates & forecast, 2018 - 2030 (USD Million)
- 42. Luxury jacquard fabric market estimates & forecast, 2018 - 2030 (USD Million)
- 43. Luxury others fabric market estimates & forecast, 2018 - 2030 (USD Million)
- 44. Luxury fabric market, by distribution channel: Key takeaways
- 45. Luxury fabric market, by distribution channel: Market share, 2023 & 2030
- 46. Luxury fabric market estimates & forecasts, through online channel, 2018 - 2030 (USD Million)
- 47. Luxury fabric market estimates & forecasts, through offline channel, 2018 - 2030 (USD Million)
- 48. Luxury fabric market revenue, by region, 2023 & 2030 (USD Million)
- 49. Regional marketplace: Key takeaways
- 50. Regional marketplace: Key takeaways
- 51. North America luxury fabric market estimates & forecast, 2018 - 2030 (USD Million)
- 52. U.S. luxury fabric market estimates & forecast, 2018 - 2030 (USD Million)
- 53. Frequency of top home decor - related purchases among homeowners who renovated in 2023 (U.S., %)
- 54. Canada luxury fabric market estimates & forecast, 2018 - 2030 (USD Million)
- 55. Europe luxury fabric market estimates & forecast, 2018 - 2030 (USD Million)
- 56. UK luxury fabric market estimates & forecast, 2018 - 2030 (USD Million)
- 57. Germany luxury fabric market estimates & forecast, 2018 - 2030 (USD Million)
- 58. France luxury fabric market estimates & forecast, 2018 - 2030 (USD Million)
- 59. Asia Pacific luxury fabric market estimates & forecast, 2018 - 2030 (USD Million)
- 60. China luxury fabric market estimates & forecast, 2018 - 2030 (USD Million)
- 61. India luxury fabric market estimates & forecast, 2018 - 2030 (USD Million)
- 62. Japan luxury fabric market estimates & forecast, 2018 - 2030 (USD Million)
- 63. Central & South America luxury fabric market estimates & forecast, 2018 - 2030 (USD Million)
- 64. Brazil luxury fabric market estimates & forecast, 2018 - 2030 (USD Million)
- 65. Middle East & Africa luxury fabric market estimates & forecast, 2018 - 2030 (USD Million)
- 66. South Africa luxury fabric market estimates & forecast, 2018 - 2030 (USD Million)
- 67. Key company categorization
- 68. Company market share analysis, 2023
- 69. Strategic framework
