The global blinds & shades market size was valued at USD 6.12 billion in 2022. The market is projected to grow from USD 6.44 billion in 2023 to USD 9.10 billion by 2030, exhibiting a CAGR of 5.06% during the forecast period.
The most popular window covering categories globally, particularly in the North America and Europe markets, are blinds & shades. Due to their sleek appearance and superior capacity to control the amount of light entering an indoor environment, these window treatments are often selected over other coverings. Blackout items are becoming more popular everywhere. Global demand for blinds & shades is growing as more people (most notably in the U.S.) experience sleep-related problems and have a greater need to keep a considerable amount of sunlight out of the bedrooms. The rapid uptake of blackout window coverings will probably boost the blinds & shades market share globally in the coming years. Fortune Business Insights presents this information in their report titled "Global Blinds & Shades Market, 2023–2030."
List of Key Players Profiled in the Blinds & Shades Market Report:
- Hunter Douglas N.V. (Netherlands)
- Springs Window Fashions (U.S.)
- Insolroll Window Shading Systems (U.S.)
- Polar Shades Sun Control (U.S.)
- The Shade Store, LLC (U.S.)
- Decora Blind Systems Ltd. (Ireland)
- Norman Window Fashions (U.S.)
- Mac Blinds (India)
- Johnson Blinds (India)
- Vista (India)
Segments:
Demand for Blinds Increased due to Rise in the Use of Hard Materials in Window Treatments
Based on type, the market is divided into blinds & shades.
During the course of the projected period, the blinds segment is anticipated to increase significantly. Blinds are typically more durable than shades because they are made from sturdy materials such as aluminum, wood, and polyvinyl chloride (PVC). In this regard, blind installations in high-traffic areas such as living rooms or corridors are on the rise. Players in the blinds market are likely to concentrate on creating fabrics made of non-toxic or natural materials due to fierce competition.
Consumer Demand for Home Installation Products will Increase Due to Growing Popularity of Non-toxic Treatments
Based on application, the market is segmented into residential and commercial.
While curtains and drapes are more frequently used in home applications, particularly in Asian countries, blinds & shades are more frequently used in business settings. In comparison to owner-occupied homes, where faux-wood and real-wood window coverings are more prevalent, some product categories, such as metal and vinyl vertical and horizontal blinds, are more frequently used in rental housing.
Report Coverage:
The report offers:
- Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
- Comprehensive insights into the regional developments.
- List of major industry players.
- Key strategies adopted by the market players.
- Latest industry developments include product launches, partnerships, mergers, and acquisitions.
Drivers & Restraints:
Green/Environment-friendly Window Treatments are Becoming More Popular, which will Fuel Market Expansion
The demand for environment-friendly coverings is expected to increase as green buildings become more and more popular around the world, greatly expanding the size of the global market. Li-ion solar panel was introduced in April 2022 by SOMFY, a French collection of businesses that makes garage doors, access gates, and motorized (wire-free) window shades & blinds. The manufacturer claims that as this product uses renewable solar energy and is made to require less maintenance than motorized window treatments, it is a greener and more sustainable solution. Prospective market participants will probably concentrate on creating innovative and maintenance-free window coverings in the near future, given the growing popularity of smart window coverings across the globe. On the contrary, the international blinds & shades market growth is hampered by the expanding availability and rising popularity of alternate window coverings. The primary product alternatives worldwide are drapes and curtains. The other primary international alternatives for these goods include shutters, window awnings, window quilts, and outdoor solar window screens.
Regional Insights
Owing to Established Reimbursement Policies, North America will continue to Hold the Largest Market
In 2022, North America overtook Europe as the largest market. Some of the top manufacturers in the world that supply stylish, useful, and high-quality home furnishings are based in North America. Important market participants, such as Hunter Douglas N.V., concentrate on providing environment-friendly, energy-efficient window coverings in North America. Potential businesses can take advantage of the franchise opportunities provided by businesses such as Home Franchise Concepts, LLC (through Budget Blinds, LLC), a U.S.-based franchisor active in the home services sector, and Made in the Shade Blinds & More, another U.S.-based franchisor.
Competitive Landscape
Product Innovation can Help Industry Players Build Stronger Brands
To further boost their competitive position, top companies have been introducing novel shades over the years. The Pirouette Clearview Shadings brand, for instance, was introduced by Hunter Douglas N.V. in July 2020. These contemporary blinds, according to the company, have been engineered to manage light while providing a nearly unhindered view of the outside. In accordance with consumer preferences, the manufacturer asserts that the Pirouette Clearview Shadings offer people complete privacy and an ideal view.
Key Industry Development:
- March 2022: A Swedish multinational conglomerate, IKEA, added two new blinds, Tredansen and Praktlysing, to its smart home range. The new products can lighten and darken the room based on remote adjustments.
Browse Detailed Summary of Research Report:
https://www.fortunebusinessinsights.com/blinds-and-shades-market-104636
