The North America & Europe luxury interior fabric market was valued at USD 5.6 billion in 2022 and is projected to expand at a CAGR of 8.2% from 2023 to 2030. The growing awareness among consumers regarding the aesthetic appeal of interior fabrics is driving the demand of the market. Consumers are increasingly opting for luxury interior fabrics, as they provide enhanced comfort and a sense of luxury. Furthermore, the rising popularity of high-end furniture and decor items is driving the market growth.

The increasing trend of customization and personalization among consumers is also boosting the market growth. Consumers are increasingly opting for tailor-made furniture and fabrics based on their individual preferences. Furthermore, the emergence of new technologies such as digital printing and 3D printing has created an opportunity for manufacturers to produce customized interior fabrics. Manufacturers are increasingly incorporating these technologies to provide consumers with a wide range of options.

In addition, the rising number of luxury hotels and resorts is driving the demand for luxury interior fabrics. Luxury hotels and resorts are increasingly investing in interior fabrics to provide guests with a luxurious experience. Furthermore, the rising purchasing power of consumers is also driving the demand for luxury interior fabrics. Consumers are increasingly opting for high-end furniture and interior fabrics, as they provide enhanced comfort and a sense of luxury.

Manufacturers are increasingly focusing on product innovation and portfolio expansion to cater to the growing demand of consumers. For instance, in April 2021, Romo launched a new range of luxury fabrics, which includes velvet, silk, linen, and wool. The company is focusing on creating a luxurious range of fabrics to cater to the demand of high-end consumers. Furthermore, the increasing awareness about the environment is driving the demand for eco-friendly fabrics. Manufacturers are increasingly focusing on the development of sustainable fabrics to meet the changing needs of consumers.

The upholstery fabric segment held the largest market share in 2020 and is expected to remain dominant throughout the forecast period. Upholstery fabrics are used for covering the furniture, such as chairs, sofas, and other furniture items. Upholstery fabrics are available in a variety of colors, designs, textures, and materials. The increasing consumer spending on luxury interior fabrics, owing to rising disposable income, is driving the growth of the upholstery fabric segment. According to a report published by the Bureau of Economic Analysis, in August 2020, the average disposable personal income in the U.S. increased by 2.2%.

The window covering fabric segment is estimated to register the highest CAGR of 8.5% during the forecast period. The increasing trend of interior decoration and the increasing demand for energy-efficient window covering fabrics are driving the growth of the window covering fabric segment. According to an article published by the American Council for an Energy-Efficient Economy, in August 2020, energy-efficient window covering fabrics can reduce energy costs by up to 10%. Moreover, technological advancements in the design of window covering fabrics are driving the growth of the segment.

The retail stores segment captured the major share of the North America & Europe luxury interior fabric market in 2022. The growth of this segment is mainly driven by the increasing number of luxury retail stores in North America & Europe. For instance, in 2020, the U.S. luxury market was estimated to be worth $64 billion, growing at a rate of 2.6% annually. The increasing demand for luxury home décor products such as furniture, fabric, and other products is driving the growth of the luxury retail stores in this region.

The online segment is anticipated to expand at the highest CAGR of 10.4% over the forecast period. The increasing penetration of the internet and the rising number of online shoppers in the region is fueling the growth of the segment. According to a survey conducted by Statista in 2020, the number of online shoppers in the U.S. was estimated to be over 200 million. In addition, the growth of the e-commerce industry has been supported by the rising trend of cashless payments, which is further driving the growth of the segment.

The North America and Europe luxury interior fabric product market is segmented into synthetic and natural fabric products. The synthetic fabric segment accounted for a larger market share of 55.4% in the year 2022, owing to its superior properties such as easy maintenance, flame retardant, and durability. The synthetic fabric is also used in upholstery and furniture, thus increasing the demand for luxury interior fabrics.

The natural fabric segment is estimated to expand at a higher CAGR of 6.3% over the forecast period. Increasing demand for eco-friendly products is driving the demand for natural fabric products. Natural fabrics such as cotton, wool, linen, and hemp provide superior comfort and durability, thus making them suitable for luxury interior fabrics. Moreover, an increasing number of fashion designers and interior designers offering natural fabric products is creating the demand for the product in the luxury interior fabric market.

North America held the largest market share in 2021 and is expected to maintain its position during the forecast period. The increasing income level of the people in the region and the growing trend of luxury interior fabrics are some of the factors driving the growth of the market. Also, the presence of several leading players in the region, such as Kravet, Fabricut, and Schumacher, is further expected to increase market visibility. For instance, in May 2021, Kravet launched The Collection, a collection of luxury interior fabrics that includes 3,300 SKUs.

Europe is expected to witness significant growth in the coming years. The rising trend of luxury interior fabrics and the increasing demand for eco-friendly fabrics are some of the factors propelling the growth of the market in the region. For instance, in August 2021, Kvadrat launched a collection of luxury interior fabrics made from recycled polyester. The company also claimed that the collection was the first of its kind and that it had used recycled polyester from post-consumer waste sources.

In this part of the North America & Europe Luxury Interior Fabric Products business plan we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your business. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions
The main source of revenues for a North America & Europe Luxury Interior Fabric Products business comes from the sale of fabric products. Other possible sources of profit include the sale of furniture, accessories, decorative items, and other related products.

Projecting Expenses
In this section, all the regular expenses related to keeping the North America & Europe Luxury Interior Fabric Products business running will be described. The list of operating expenses includes purchasing supplies, wages, marketing expenses, rent and utilities, taxes, insurance policies, and others.

Some of the key companies operating in the North America & Europe luxury interior fabric market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In June 2022, Welspun launched a new range of luxury fabrics designed specifically for the hospitality sector.

– In August 2022, Kravet Inc. launched a new line of luxury fabrics designed to provide high performance, durability and comfort.

– In October 2022, Kravet Inc. launched a new line of luxury fabrics designed to provide enhanced performance and longevity.

Some of the prominent players in the luxury interior fabric market in North America & Europe include:

– Welspun
– Kravet Inc.
– Duralee Fabrics
– Fabricut
– Robert Allen Group
– Tarkett
– Moore & Giles
– Brentano
– Romo Group
– Christopher Farr Cloth

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global luxury interior fabric products market based on product, distribution channel, type, and region:

1. Product Outlook (Revenue, USD Million, 2017 – 2030)

– Upholstery Fabric
– Drapery Fabric
– Wall Coverings
– Carpets & Rugs
– Others

2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

– Department Stores
– Online
– Others

3. Type Outlook (Revenue, USD Million, 2017 – 2030)

– Natural Fabrics
– Synthetic Fabrics

4. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

[Q]: What is the Market Potential of Luxury Interior Fabric Products in North America and Europe?
[A]: The North America and Europe luxury interior fabric products market size is estimated to reach USD 7.9 billion in 2020 and is anticipated to expand at a CAGR of 5.4% from 2020 to 2027. The increasing demand for luxurious home décor and furniture is likely to drive the market in the region. Moreover, the rapid growth of the hospitality industry in North America and Europe is also expected to propel the market growth over the forecast period.

[Q]: What are the Key Drivers of the Luxury Interior Fabric Products market?
[A]: The key drivers of the luxury interior fabric products market include the changing lifestyle of people, increasing disposable incomes, the growing demand for luxury interior fabrics in the hospitality industry, and the increasing demand for home décor and furniture in North America and Europe.

[Q]: Who are the Leading Players in the Market?
[A]: Some of the major players operating in the North America and Europe luxury interior fabric products market are Kravet, Inc., Spinneybeck, Mermet USA, Robert Allen Group, Maharam, Brentano, LLC, Knoll, Inc., JF Fabrics, Momentum Textiles, and Sunbrella.

[Q]: What are the Major Product Types?
[A]: The major product types in the North America and Europe luxury interior fabric products market include upholstery fabrics, draperies and curtains, wall coverings, and others.

[Q]: What are the Major Applications?
[A]: The major applications in the North America and Europe luxury interior fabric products market include residential, hospitality, office, and others.