Luxury Interior Fabric Industry Analysis in North America and Europe

North America and Europe Luxury Interior Fabric Industry Outlook for (2024 to 2034)

The North America and Europe luxury interior fabric industry is expected to expand at a CAGR of 13.50% from 2024 to 2034. The industry value is projected to increase from USD 2,684.60 million in 2024 to USD 9,524.30 million by 2034. The North America and Europe luxury interior fabric industry was valued at USD 2,357.00 million in 2023.

Attributes	Details
North America and Europe Luxury Interior Fabric Industry Size, 2023	USD 2,357.00 million
Estimated Industry Size, 2024	USD 2,684.60 million
Projected Industry Size, 2034	USD 9,524.30 million
Value-based CAGR (2024 to 2034)	13.50%

Leading Forces Augmenting Increasing Sales of Luxury Interior Fabrics in North America and Europe

• Surging consumer demand for high-end, lavish, and aesthetic fabrics with intricate patterns and distinctive designs to elevate living spaces. This factor is conjoined with the expanding population base in these regions that enjoy heightened disposable incomes and desire for high-quality fabrics for their home furnishing projects.
• Increasing knowledge about eco-friendly and sustainable luxury fabrics that are composed of ethically sourced and natural materials. This is raising its appeal among consumers conscious about the planet’s health.
• Consistent progress in the hospitality industry and luxury real estate business is fueling demand for premium interior design fabrics. This can be attributed to hoteliers and property developers who are constantly seeking ways to develop distinct and opulent spaces to attract customers.
• Spurring household construction activities are expected to favor the luxury interior fabric industry in North America and Europe. Increasing renovation activities, in particular, are raising sales of luxurious interior fabrics.
• Soaring investments by leading regional players to develop and introduce new contemporary interior textile choices for various purposes.

Historical Analysis and Future Outlook of the Luxury Interior Fabric Industry in North America and Europe

Attributes	Details
North America and Europe Luxury Interior Fabric Industry Value (2019)	USD 1,487.20 million
Historical Industry Value (2023)	USD 2,357.00 million
Historical CAGR (2019 to 2023)	12.20%

The North America and Europe luxury interior fabric industry registered a CAGR of 12.20% from 2019 to 2023. The industry reached USD 2,357.00 million in 2023, from USD 1,487.20 million in 2019. Successive industrial growth can be attributed to the emerging proclivity for a luxurious lifestyle and increasing discretionary incomes of people residing in these regions. Other crucial factors backing the rising sales of luxury interior fabrics are:

• Dedicated efforts of luxury fabric brands to come up with distinguished fabric offerings. During this period, contemporary designs were fused with traditional patterns and techniques.
• Increasing expenditure on home improvement projects stimulated sales of exclusive home decor fabrics.

The industry is set to record a CAGR of 13.50% through 2034. Sales of luxury interior fabrics in North America and Europe are expected to reach USD 9,524.30 million by 2034. The top motivating factors that are pushing the product demand are:

• Increasing investments by leading players to innovate new materials is expected to generate new growth avenues for players, especially in the context of sustainability. Players are relying on this strategy to develop sustainable, high-performing fabrics to beat the competition.
• Surging willingness to invest in high-quality interior fabrics.
• The robust propagation of online shopping portals is arousing consumer interest in services offered by interior designers to upgrade their living spaces, elevating the scope of luxury interior fabric in North America and Europe.

Attributes	Details
Historical CAGR (2019 to 2023)	12.20%
Forecasted CAGR (2024 to 2034)	13.50%

Category-wise Insights

Velvet Fabric to Acquire a Sizeable Industry Share

Leading Raw Material	Velvet
Industry Share (2024)	26.90%

The velvet material is anticipated to acquire a prominent share of 26.90% in 2024. The preference for velvet is rising for curtains, upholstered furniture, and decorative cushions, as it elevates the elegance quotient for interior spaces. The wide availability of different kinds of velvet fabrics, like panne velvet, crushed velvet, stretch velvet, embossed velvet, etc., is also anticipated to increase the attractiveness of this segment.

The jacquard fabric is anticipated to expand at a robust pace over the forecast period. This raw material is an ideal upholstery choice for chairs and furniture owing to its inherent structure. Key players in the industry are constantly making new additions to their portfolios, enhancing the scope of jacquard fabric in the future.

Upholstery Segment to Brace for a Leading Industry Share

Leading Product Type	Upholstery
Industry Share (2024)	51.70%

The upholstery segment is anticipated to hold an industry share of 51.70% in 2024. Factors backing the segment’s growth are inflating purchasing power, increasing standards of living, and changing lifestyles. These factors have been fueling the demand for luxury upholstery fabrics for different seating furniture like chairs, beds, and sofas.

Another important product segment is curtains, which is expected to grow over the upcoming years. These are widely used for their multiple functions like blocking light and providing privacy. A rising number of consumers in Europe and North America are allocating a part of their budget to home interiors. The increasing high-income population in these regions, in particular, is contributing to the segment’s growth as they invest in premium curtains.

Country-wise Insights

Surging High-income Individuals in the United States Drawing Higher Sales of Luxury Upholstery

Country	United States
CAGR (2024 to 2034)	7.40%

The United States is estimated to register a CAGR of 7.40% through 2034. Supporting factors that are spearheading the demand for luxury interior fabric are as follows:

• Increasing providers of an extensive range of textiles in the country. Additionally, these providers offer commendable customer service to capture high-income groups.
• Rising involvement of leading players, like Top Fabric, in designing, manufacturing, and delivery of fabrics. The production house serves individual customers and businesses.
• Surging demand for quality services in furniture refurnishing, upholstery, etc., in the country favoring industry expansion.

Rising Demand for High-end Upholstery Textiles in Germany

Country	Germany
CAGR (2024 to 2034)	11.50%

The German luxury interior fabric industry is anticipated to expand at a CAGR of 11.50% through 2034. Top factors that are consolidating the industry growth are as follows:

• Surging popularity of high-quality and sustainably sourced products, which usually come at a premium.
• Highly convincing marketing campaigns and advertisements run by leading players are also attracting a larger consumer base for high-end upholstery textiles.
• Players are leveraging the eCommerce boom, and partnering with leading eCommerce platforms, to increase their reach. Online platforms enhance brands’ visibility and customer experience through quick order shipments and a pool of different choices.

Strategies Adopted by Key Players to Increase Sales of Luxury Interior Fabric in North America and Europe

Key players in the regional industry is characterized by domestic and international players. The primary focus of these players is innovation and new additions to their product portfolios. Additionally, players are raising their visibility by establishing their presence in new geographies by securing new contracts.

Players are further collaborating with renowned designers and architects to produce exclusive designs and collections that echo the latest trends and strike a chord with high-end clientele. Competitors are leveraging social media to gain affluent customers by showcasing their luxury and craftsmanship on these portals.

Industry leaders are also focusing on personalized experiences and outstanding customer service to increase brand loyalty. This involves custom design options, expert advice, and smooth purchasing processes.

Recent Developments Influencing Industry Dynamics of Luxury Interior Fabric in North America and Europe

• In August 2023, ReWeave transformed interior design scraps into luxurious, sustainable fashion.
• In March 2023, an independent textile house called Hurel Paris acquired a Lyon-based maker of jacquard velvets.
• In October 2023, AM Concept by Asun Montoya was announced as the winner of Best Luxury Residential Interior Design.

Detailed Profiles of Leading Players Providing Luxury Interior Fabric in North America and Europe

Company Name	Company Particulars
Jim Thompson Fabrics	The brand is known for its luxurious fabric collection of Thai silk and meticulous hand-woven designs. It originated in 1951 and, over the years, gained a reputation for outstanding quality and craftsmanship. The company is committed to sustainability. This is evident in its usage of eco-friendly practices.
Pierre Frey	Pierre Frey is a renowned French fabric house famous for its exceptional quality, rich history, and exquisite designs. The company was founded in 1936 and features an impressive collection of fabrics, such as silks, velvets, and embroideries. The sources of inspiration for their designs include art, French history, and global cultures.
Sanderson Design Group	It is a famous British design house which dates back to 1860. It is a leading provider of luxury fabrics, wallpapers, and home décor products that are of exceptional quality. The company’s clientele consists of discerning homeowners, architects, and interior designers who admire the sophistication and elegance of British design.
The Romo Group	It is a front-running international design house that specializes in luxury wallcoverings and fabrics. The company originated in 1902 and gained a reputation for its timeless designs, exceptional quality, and innovative collaborations. The offerings have extensive applications in commercial as well as high-end residential projects.

Leading Companies in the North America and Europe Luxury Interior Fabric Industry

• Jim Thompson Fabrics
• Pierre Frey
• Sanderson Design Group
• The Romo Group
• Kravet Inc.
• Dedar S.p.A
• Nina Campbell
• De Le Cuona
• Rubelli S.p.A.
• Nobilis
• Colefax Group plc.

Key Segments Covered in North America and Europe Luxury Interior Fabric Industry Research

By Product:

• Curtains
  • Doors
  • Windows
• Upholstery
  • Chairs
  • Sofas
  • Beds
  • Luxury Cushion
• Bed Linen
• Mattress Coverings

By Raw Material:

• Cotton
• Velvet
• Linen
• Jacquard
• Others

By Distribution Channel:

• Offline
• Online

By End User:

• Domestic
• Commercial

By Region:

• North America
• Europe

Frequently Asked Questions

How Big is the North America and Europe Luxury Interior Fabric Industry?

The North America and Europe luxury interior fabric industry is projected to be worth USD 2,684.60 million in 2024.

What is the Growth Potential of North America and Europe Luxury Interior Fabrics?

The industry is predicted to expand at a CAGR of 13.5% through 2034.

What is the Future of the North America and Europe Luxury Interior Fabric Industry?

The industry is anticipated to reach USD 9,524.30 million by 2034.

Which Country Offers High Demand Prospects for Luxury Interior Fabric in North America and Europe?

Germany is predicted to provide high growth opportunities.

Which Product Type Significantly Contributes to Industry Growth?

The upholstery segment is expected to acquire a leading share of the industry.