Global Luxury Fabric Market Size & Outlook, 2023-2030
Global luxury fabric market, 2018-2030 (US$M)
Related Markets
Global luxury fabric market highlights
- The global luxury fabric market generated a revenue of USD 3,825.5 million in 2023 and is expected to reach USD 9,089.4 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 13.2% by 2030.
- In terms of segment, interior accounted for a revenue of USD 2,482.8 million in 2023.
- Exterior is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2023.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 3,825.5 million |
| Market revenue in 2030 | USD 9,089.4 million |
| Growth rate | 13.2% (CAGR from 2023 to 2030) |
| Largest segment | Interior |
| Fastest growing segment | Exterior |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Interior, Exterior |
Other key industry trends
- In terms of revenue, the North America accounted for 22.4% of the global luxury fabric market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Germany is the fastest growing regional market and is projected to reach USD 516.9 million by 2030.
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Luxury Fabric Market Scope
Luxury Fabric Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global luxury fabric market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to luxury fabric market will help companies and investors design strategic landscapes.
Interior was the largest segment with a revenue share of 64.9% in 2023. Horizon Databook has segmented the Global luxury fabric market based on interior, exterior covering the revenue growth of each sub-segment from 2018 to 2030.
The anticipated spending of homeowners has grown for the first time since 2018. According to the 2022 U.S. Houzz & Home Study on renovation trends, the median has increased by 50% to USD 15,000 from USD 10,000 over the previous three years. Additionally, compared to 53% in 2020 and 54% in 2019 and 2018, more than half of homeowners (55%) underwent renovations in 2021.
The primary drivers of home improvement spending have shifted from being economical to increasingly being lifestyle related. This shift in motivation highlighted the growing importance people placed on their homes and invested in their living spaces. This evolving relationship with homes is driving the demand for luxury fabrics as individuals seek to enhance and personalize their living environments.
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Target buyers of Global luxury fabric market databook
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Our clientele includes a mix of luxury fabric market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global luxury fabric market , including forecasts for subscribers. This global databook contains high-level insights into Global luxury fabric market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global luxury fabric market size, by regions, 2018-2030 (US$M)
Top 10 countries: Luxury fabric market size, 2023 (US$M)
Global luxury fabric market share, by type, 2023 & 2030 (%, US$M)
Luxury fabric market: Opportunity assessment by country
Global luxury fabric market, by region, 2023 (US$M)
Related regional statistics
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