The North America and Europe luxury interior fabric industry is projected to experience a robust Compound Annual Growth Rate (CAGR) of 13.50% from 2024 to 2034. Starting at US$ 2,684.60 million in 2024, the industry’s value is anticipated to soar to US$ 9,524.30 million by 2034. In 2023, the North America and Europe luxury interior fabric industry was valued at US$ 2,357.00 million.
- The North America and Europe luxury interior fabric industry achieved a notable Compound Annual Growth Rate (CAGR) of 12.20% between 2019 and 2023.
- In 2023, the industry’s value surged to US$ 2,357.00 million from US$ 1,487.20 million in 2019.
- The consistent growth in the industry can be attributed to the rising preference for luxurious lifestyles and the increasing disposable incomes of residents in these regions.
- Luxury fabric brands made dedicated efforts to introduce distinctive fabric offerings during this period, blending contemporary designs with traditional patterns and techniques.
- There was a noticeable increase in spending on home improvement projects, which consequently boosted the sales of exclusive home decor fabrics.
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“Key players are finding significant opportunities in North America and Europe, owing to rising customers with high incomes. Players are projected to capture increasing numbers online customers by developing customer-centric websites. With innovations and collection, players are anticipated to reap higher revenues in the next ten years,” says Sneha Verghese, Senior Consultant for Consumer Goods and Products at Future Market Insights
Key Takeaways from the North America and Europe Luxury Interior Fabric Industry Report:
- The United States luxury interior fabric industry is anticipated to register a CAGR of 7.40% through 2034.
- In Germany, the luxury interior fabric industry is projected to record a relatively higher CAGR of 11.50% through 2034.
- Based on product type, the upholstery segment is anticipated to acquire an industry share of 70% in 2024.
- On the basis of raw materials, the velvet segment is projected to obtain a share of 90% in 2024.
Strategies of Leading Players Operating in Luxury Interior Fabric in North America and Europe
Leading players are focusing on strategies like product innovations and launches to increase the attractiveness of their portfolios. Additionally, players are concentrating on mergers, acquisitions, and marketing strategies, and are providing excellent customer service to gain more customers.
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Leading Companies in the North America and Europe Luxury Interior Fabric Industry
- Jim Thompson Fabrics
- Pierre Frey
- Sanderson Design Group
- The Romo Group
- Kravet Inc.
- Dedar S.p.A
- Nina Campbell
- De Le Cuona
- Rubelli S.p.A.
- Nobilis
- Colefax Group plc.
Latest Developments in the Industry
- In September 2023, Kravet Inc. ramped up its manufacturing process by involving its smart fabrics and frames in Quickship program. This development ascertains a 10-day production period for customers. Thereby, supporting budgets, projects, and tight timelines. Kravet Smart collection features +2,000 fabrics and over 150 furniture frames, with personalization options.
- In May 2023, Rubelli revealed its customer-oriented website to chart an even more digital future. The new websites are available in three languages, i.e., English, Italian, and French. This move is in line with the digitalization strategy, which has massively advanced in the last two years.
- In February 2023, Pierre Frey launched the Braquenié Anniversaire 1823–2023 portfolio celebration of its 200th This collection is made of a curated range of upholstery, wallcoverings, and rug designs selected from its wide historical archives.
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Key Segments Covered in North America and Europe Luxury Interior Fabric Industry Research:
By Product:
- Curtains
- Doors
- Windows
- Upholstery
- Chairs
- Sofas
- Beds
- Luxury Cushion
- Bed Linen
- Mattress Coverings
By Raw Material:
- Cotton
- Velvet
- Linen
- Jacquard
- Others
By Distribution Channel:
- Offline
- Online
By End User:
- Domestic
- Commercial
By Region:
- North America
- Europe
Authored by:
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.
Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.
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Author
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.
Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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