World Bathroom Textiles Market to See 8.7% CAGR to 2022, Projects GlobalData in Its Discounted Report Available at MarketPublishers.com
23 May 2017 • by Natalie Aster
LONDON – The bathroom textiles market is anticipated to see an 8.7% CAGR to 2022, which is set to be largely propelled by purchases of replacement parts, especially among a slack housing market.
Function plays a greater role compared to fashion in bathroom textiles. Just over 82% of consumers purchase simple facecloths and towels and more than 93% prefer to buy own-brand textile products. Nevertheless, clothing retail firms that have extended their ranges of household articles are having a bearing on the market - with design currently a higher priority for customers.
As merely 2.5% of consumers of bathroom textile products purchased a material other than cotton, Pima or Egyptian cotton, the cost of the production of bathroom textiles for retailing companies is heavily tied to raw material costs. When there a lack of raw materials like Egyptian cotton, bathroom textiles lay open to advances in prices.
Online is increasingly transforming into a popular channel for bathroom textiles, still, customers do not spend much time searching for bathroom textile products before making purchases. 68.5% spent less than one hour researching before buying items.
Home furnishings retailer Dunelm Group plc take the lead in the bathroom textiles market, with department store John Lewis following after. Value market players such as B&M and IKEA are expected to gain market share as consumers look for low-cost options.
Discounted market research report “Bathroom Textiles 2017” drawn up by GlobalData offers comprehensive, unbiased insights into the market on a global scale.
The study sheds light on the burning issues in the marketplace, key trends, and consumer attitudes. It includes an in-depth assessment of how and why each retailing company is performing as it is in the market; presents shopper penetration figures and offers a refined understanding of the factors that influence their choice of retailers and spending motives; analyses an average spend at a product category scale. The study discusses how the online channel is set to impact the overall development of the bedroom textiles market. The report provides detailed 5-year market size and growth forecasts through to 2022 for the overall market, individual sub-sectors, online penetration and distribution channels. The research study includes profiles of the leading retailers in the bathroom textiles marketplace, covering their market shares for 2015-2017 and prospective performance.
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