Posted by admin | Posted in Bedding & Bath | Posted on 18-11-2009
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.
