Housing boom to spur hometex market

Housing boom to spur hometex market

Boom in housing as a result of the burgeoning middle class in India is a major growth driver for the home textile market. Change in lifestyle and growing awareness of hygiene is fuelling this growth. An ITJ report bares some details.

Boom in housing as a result of the burgeoning middle class in India is a major growth driver for the home textile market. Change in lifestyle and growing awareness of hygiene is fuelling this growth. An ITJ report bares some details.

Around the 3-km stretch of Ghodbunder Road, one of the fast-developing areas with booming realty projects mushrooming in Thane, a suburb of Mumbai, there were just a couple of shops selling upholstery & curtains for homes a few years back. Today, the area is dotted with more than a dozen shops palpably colourful sporting a variety of curtains & upholstery in fascinating colours and designs to attract the middle-class consumers. The housing boom is spreading to even Tier-II and Tier-III cities, with the demand for home textile ever growing at a faster rate all over India.

The home textiles market in India is estimated to be $17 billion and is growing at over 9 per cent annually. The home textiles and furnishings market is expected to reach $26.6 billion by 2015. Some key growth drivers for this market are: Growth in the number of households and discretionary incomes, and growth of end-use sectors like housing, office, hospitality and healthcare. The unorganised sector dominates this market. Less than 10 per cent of the market is organised, and thus there´s a huge opportunity for organised players to grow.

Dr P Nayak, Secretary, Textiles Committee, shares some statistics on the home textile market in India and abroad. According to him, home textiles export in the world, during 2013, was reported at $55.79 billion and its share around 8.67 per cent of the total textiles and clothing exports of the world. The major exporter of home textiles in the world is China controlling around 48 percent of the total exports followed by India which is way behind China by catering to only 8.45 per cent of the total export market. China has recorded a CAGR of 13.17 per cent during the last decade and India has witnessed 9.89 per cent CAGR.

India is globally well-known for its wide variety and exquisite designs in home textiles & furnishing fabrics. Within the country, with a big boom in housing and growing affordability of Indian consumers, the demand has been growing by a healthy 30-40% per annum. Not only India is home for some of the world´s biggest producers like Welspun (third largest towel producer) and Dicitex (Fifth largest furnishing fabrics producer). Many Indian brands like Indian Drape, RR Décor, F & F, Maspar, Goldtex, ABN, Portico New York, Birla Century, Spread, Swayam, MYCK, Zyneand Super Net are recognised nationally and are growing constantly.

Speaking about the home textiles market in India,
S Rajendran, Vice President, Textile Engineering ´ Processing & ETP, A.T.E. Enterprises, said, ´The home textile business in India is doing well at the moment and many of the existing players have handful of orders. Most of the existing units are going in for expansion of production especially in case of bed sheets and terry towel. After a long gap, new projects are coming up for home textile production which indicates that the business is on an upward trend. While few players are doing extremely well on home furnishing fabrics, we expect this segment will grow further in the near future.´

Rajendran added, ´For processing of home textiles, A.T.E can offer a complete package of machineries for wet finishing, dyeing, printing and finishing from our Principals like´ Osthoff, Goller, Monforts/Monfongs, Ramisch Guarneri and Zimmer. We do also represent Lacom, Germany, which is well known in the global market for coating and lamination. Home textile market is getting into digital printing and special finishes for higher value addition. We are representing Zimmer´s digital printing machine and we have created good references in India. Also Zimmer is well known for its coating machine which is bei

CATEGORIES
TAGS
Share This

COMMENTS

Wordpress (28)
  • comment-avatar

    list of otc allergy medications does benadryl make you sweat best allergy pill

  • comment-avatar

    best selling sleeping pills buy modafinil medication

  • comment-avatar

    buy deltasone 10mg pills order prednisone 20mg

  • comment-avatar

    what drugs can cause heartburn frumil 5mg generic

  • comment-avatar

    best medication for acne order deltasone 40mg for sale dermatologist acne treatment pills

  • comment-avatar

    order isotretinoin online generic accutane buy isotretinoin without a prescription

  • comment-avatar

    sleep medication prescription online order melatonin 3mg

  • comment-avatar

    order zithromax pills azithromycin pills zithromax buy online

  • comment-avatar

    gabapentin 600mg for sale buy cheap gabapentin

  • comment-avatar

    buy azipro 500mg generic buy generic azipro 250mg buy azipro

  • comment-avatar

    order furosemide 100mg buy cheap generic lasix

  • comment-avatar

    order omnacortil 40mg generic buy omnacortil online cheap prednisolone generic

  • comment-avatar

    cost amoxil 1000mg amoxil 250mg for sale buy amoxil 1000mg online

  • comment-avatar

    ventolin 4mg oral albuterol medication purchase ventolin sale

  • comment-avatar

    brand deltasone 40mg buy cheap prednisone generic deltasone 20mg

  • comment-avatar

    accutane 40mg cost buy accutane 40mg generic isotretinoin 40mg for sale

  • comment-avatar

    order amoxil sale amoxil 500mg generic order amoxicillin 500mg pill

  • comment-avatar

    antihistamine drugs list albuterol order buy generic ventolin 4mg

  • comment-avatar

    order zithromax generic order azithromycin 250mg pills zithromax tablet

  • comment-avatar

    synthroid 100mcg drug levothroid for sale buy levoxyl generic

  • comment-avatar

    buy gabapentin 600mg online cheap neurontin over the counter gabapentin pill

  • comment-avatar

    clomid 50mg pill clomid 100mg oral serophene without prescription

  • comment-avatar

    buy vibra-tabs generic buy monodox generic doxycycline 200mg generic

  • comment-avatar

    online blackjack live dealer casino slots free blackjack games

  • comment-avatar

    buy aristocort 10mg generic order triamcinolone 4mg generic triamcinolone 10mg ca

  • comment-avatar

    desloratadine medication buy desloratadine cheap buy desloratadine for sale

  • comment-avatar

    order dapoxetine 30mg pills order cytotec 200mcg pill misoprostol for sale

  • comment-avatar

    order xenical 60mg generic diltiazem price diltiazem 180mg drug

  • Disqus ( )