It is predicted that the market size of China will exceed 250 billion in 2019.
As one of the three terminal industries of textiles, the home textile industry is a traditional civilian production industry, which plays an important role in stimulating domestic demand growth, promoting employment, and building ecological civilization. According to the statistics of the “China National Textile Industry Development Prospect Forecast and Investment Strategic Planning Analysis Report” released by the Prospective Industry Research Institute, the market size of China's textile industry in 2011 has reached 137.3 billion yuan. By 2016, the market size of China's textile industry exceeded 200 billion yuan. As of 2017, the size of our national textile industry has grown to 216.8 billion yuan, and the CAGR for 2011-2017 was 7.9%. It is estimated that the market size of China's textile industry will reach 232.5 billion yuan in 2018. It is predicted that the market size of China's textile industry will exceed 250 billion in 2019. With the growth of per capita disposable income in China, the proportion of the middle class in the population structure has been increasing, and new characteristics of branding and quality, focusing on individualization and customization have emerged in home textile consumption. In addition, with the increase in income of third- and fourth-tier cities, the consumption power of customers has increased, and the trend of consumption upgrading has opened up a new market for mid-to-high-end home textiles. It is predicted that the scale of China's textile industry will reach 293.7 billion yuan in 2021, and the CAGR of 2017-2021 is 7.9. %