North America & Europe Luxury Interior Fabric Market

North America & Europe Luxury Interior Fabric Market Overview

Luxury fabrics are designed for upholstery, curtains, and contracts. It uses superior quality fabrics with linen, velvet in both the form printed and plain fabrics for stunning interior designs of the household. In North America and the European region, the demand for expensive luxury interior fabrics is growing due to increasing disposable income and high-tech machinery.

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Major North America & Europe Luxury Interior Fabric Market Drivers

North America & Europe luxury interior fabric market is driven by increasing consumer spending on the renovation of the residential and commercial buildings and rising demand for high-class luxury homes by high-income people. For instance, as per the National Association of Realtors, in November 2020, the annualized rate of 6.76 million units of houses has been sold in the United States. Also, the leading players in North America are launching the new fabrics for household and commercial purposes. Other driving factors the growth of the North America and Europe market surge in purchasing power of consumers with improved standard of living, and changing lifestyles of the people have propelled the market growth.

Also, the European luxury interior fabric market is increasing due to the surge in government initiatives for the renovation of the buildings with the surge in disposable income of the people. For instance, in 2019, according to Global Status Report for Buildings and Construction, the European government has implemented the BUILD UPON project for the building renovation to help countries renovate their existing buildings. Thus, such a development project has supported the demand for European countries such as UK, France, Germany etc. for luxury interior fabric market.

Restraint in the North America & Europe Luxury Interior Fabric Market

However, high costs related to the raw material and rising versatile demand of the products due to changing fashion and fast furnishings contribute to the unsustainability of the textile industry may hamper the global North America & Europe Luxury Interior Fabric market.

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The upholstery product segment has the highest market share in the furniture industry. Luxury interior fabrics are extensively used in furniture such as chairs, beds, sofas, and cushions due to significant demand and rising living standards. Upholstered furniture padded and covered with luxury fabrics for more comfortable living. Increasing consumer spending due to a surge in disposable income and changing lifestyles have fuelled these luxurious upholstery fabrics’ segmental growth. Also, the growing number of building and construction activities across the developed countries such as the United States, Canada, Germany, UK, France, etc., has led to the demand for the luxury interior fabric market growth.

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Regional – Segment Analysis:

Based on the region, North America is dominated for the growth of the luxury interior fabrics market due to increasing construction activities and surge in the disposable income of the people. For instance, according to the Bureau of Economic Analysis Organization Report in 2020, per capita disposable personal income of the American reached USD 47,673. It created massive demand for the luxury interior fabric market growth in this region.

Top Market Players

Various notable players operating in the market includes Rubelli SPA, Nobilis, Colefax Group plc, Jim Thompson Fabrics, Pierre Frey, The Romo Group, Style Library, Nina Campbell, Kravet Inc., Dedar S.p.A, De Le Cuona and among others. 

Key Developments:

• • In 2019, Greenhouse Fabrics, one of the leading providers of fabric and furniture traders, launched a bold, spirited Anna Elisabeth on-trend line of multipurpose fabrics curated for interior designers. It has a unique design which developed in line with the designer in mind
  • In 2019, Aectual, the Dutch company, launched beautifully sustainable 3D printed floors from plants to easily recycled and environmentally friendly materials.

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North America & Europe Luxury Interior Fabric Market by Region

• • North America Luxury Interior Fabric Market (Option 1: As a part of the free 25% customization)
    • US Market All-Up
    • Canada Market All-Up
  • Europe Luxury Interior Fabric Market (Option 2: As a part of the free 25% customization)
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up