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Towel Market Share

Report ID: GMI12595
Published Date: Dec 2024
Report Format: PDF

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Towel Market Share

Towel Market Company Market Share Analysis (2023)

The market is characterized by fragmentation, with numerous regional and global players employing diverse strategies to capture market share. Together these companies hold a market share of 5%-10% of the total market. The fragmented market sees players adopting strategies like product innovation, eco-friendly manufacturing, personalized offerings, strategic partnerships, aggressive pricing, extensive distribution networks, online retail expansion, and branding for differentiation.

Towel Market Companies

Major players operating in the towel industry are:

1888 Mills
Alok Industries
Feroze1888 Mills
Himatsingka Linens
Indus Home
Izawa Towel
Loftex China
Möve Frottana
Noman Group
Standard Textile
Sunvim
Trident
Welspun
WestPoint Home
Zorlu Textiles

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global towel industry was valued at USD 16.3 billion in 2023 and is estimated to grow at a 5.2% CAGR from 2024 to 2032, driven by the expansion of the hospitality and tourism sectors.

The bath towels segment recorded USD 9.2 billion in 2023 and is expected to grow at a 5.4% CAGR during the forecast period due to their widespread use in residential and commercial sectors.

The U.S. dominated the North America towel market with a 74.9% share in 2023 and is projected to grow at a 5% CAGR, driven by a robust consumer base and high disposable income levels.

Key players in the industry include 1888 Mills, Alok Industries, Feroze1888 Mills, Himatsingka Linens, Indus Home, Izawa Towel, Loftex China, Möve Frottana, Noman Group, Standard Textile, and Sunvim.