Press Release: January 08, 2019
The global home furnishings and floor coverings market, one of the segments in the textile manufacturing industry, grew at a compound annual growth rate (CAGR) of around 6% during the historic period. The growth is mainly due to increasing demand in end user industries such as residential construction and infrastructure, and rapid globalization.
In the forecast period, the global home furnishing and floor coverings market size is expected to be over $260 billion by 2021, growing at a CAGR of nearly 7%. The growth in the forecast period is mainly due to increasing investments in residential construction in emerging economies such as China and India and rising awareness for interior designing techniques.
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Companies in the home furnishings and floor covering market are adopting digital printing technology to reduce operational expenditures. The technology lowers sampling process time, water consumption and increases product offerings. These techniques are considered to be an eco-friendly alternative to traditional home furnishings and floor coverings. Some of the companies offering digital printing technologies include Epson, Bordeaux Digital PrintInk and Fratelli Robustelli S.r.l.
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