North America Luxury Fabric Market Size & Outlook
North America luxury fabric market, 2018-2030 (US$M)
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North America luxury fabric market highlights
- The North America luxury fabric market generated a revenue of USD 856.8 million in 2023.
- The market is expected to grow at a CAGR of 12.4% from 2024 to 2030.
- In terms of segment, interior was the largest revenue generating type in 2023.
- Exterior is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 856.8 million |
| Market revenue in 2030 | USD 1,936.0 million |
| Growth rate | 12.4% (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 |
| Key market players worldwide | Sanderson Design Group PLC Ordinary Shares, Castellum AB, Lvmh Moet Hennessy Louis Vuitton SE, Ermenegildo Zegna NV, Jim Thompson Fabrics, Pierre Frey, The Romo Group, Kravet, Perennials and Sutherland, De Le Cuona |
Other key industry trends
- In terms of revenue, North America region accounted for 22.4% of the global luxury fabric market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,236.7 million by 2030.
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Luxury Fabric Market Scope
Luxury Fabric Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America 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 66.44% in 2023. Horizon Databook has segmented the North America luxury fabric market based on interior, exterior covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for luxury fabrics in North America is on the rise due to increased spending on home improvement, the presence of major players, and a growing appreciation for premium quality and sustainable materials. In the U.S., house spending trends returned to pre-pandemic levels in 2022, as reported by home services provider Angi's 2022 State of House Spending report.
Compared to 2019, spending and projects increased, although demand dropped from the exceptionally high levels observed in 2021. According to the same source, nearly 61% of homeowners in the U.S. cited lifestyle considerations as the top reason for doing renovation work in their homes, with 34% aiming to “make their home better suited for lifestyle needs” and 27% seeking personal enjoyment from upgrading outdated spaces.
Home remodeling projects often involve upgrading the aesthetics of a residence and purchasing high end upholstery, furniture, curtains, and other products. This is expected to result in an increased demand for high-quality luxury fabric to create a personalized and comfortable environment within homes.
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Target buyers of North America 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 continent-level data and insights on the North America luxury fabric market , including forecasts for subscribers. This continent databook contains high-level insights into North America luxury fabric market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America luxury fabric market size, by country, 2018-2030 (US$M)
North America Luxury Fabric Market Outlook Share, 2023 & 2030 (US$M)
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