Blinds And Shades Market Size, Share & Trends Analysis Report By Type (Blinds & Shades), By Application (Residential, Commercial), By Distribution Channel, By Installation, By Technology, By Region, And Segment Forecasts, 2023 - 2030

Blinds And Shades Market Growth & Trends

The global blinds and shades market size is expected to reach USD 24.63 billion by 2030, expanding at 8.2% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. The increasing expenditure on interior decoration continues to create lucrative opportunities for window blinds and shades. Robust development in emerging economies is likely to drive the market in the forecast period. Increased disposable income of the consumer group has led to frequent changes in coverings with changing wall paints and other home décor items. This has also become a prominent factor, which has propelled the market growth.

The growing interest of individuals and professional designers in window blinds and shades coupled with the increasing inclination toward motorized and automated blinds and shades is supporting market growth. Consumers with high and moderate incomes are the major target customers for window coverings owing to their high spending power. Furthermore, with increasing urbanization and globalization trends, home décor has become more popular in both developed and emerging economies such as India, Brazil, and China. This increase in home decor is boosting the demand for blinds and shades in the residential sector.

The blinds segment accounted for the maximum share of the market. The growing demand for these products in countries including the U.S., Germany, U.K, France, Spain, Italy, and other European countries owing to the incorporation of smart and advanced technology in these products is expected to fuel the demand in the near future. Moreover, the increasing applications of these products in both commercial and residential sectors, including houses, hospitals, hospitality, retail, office, and school have been driving the market for the product over the world.

The residential segment accounted for the largest market share of the blinds and shades market in 2022. The growing number of residential constructions along with rapid urbanization in developing economies including China and India is anticipated to drive the residential demand for the product in the upcoming years. For instance, the government of India announced in Union Budget 2021, to support initiatives such as ‘Housing for All’ and ‘Smart Cities Mission’, the government allocated USD 1.89 billion to Atal Mission for Rejuvenation and Urban Transformation (AMRUT) and Smart Cities Mission.

The rising adoption of smart home products in houseware is adding to the growth of the smart window blinds and shades market. In addition, the emergence of smart homes as a result of the luxury lifestyle is also attracting consumers toward smart or motorized window covering. This is accelerating market growth. Window treatment is believed to be the most cost-effective way to improve home energy efficiency. According to the U.S. Department of Energy (DOE), heat gain or heat loss through windows accounts for 25%-40% of annual heating and cooling costs. This is expected to propel the market growth over the forecast period.

The blinds and shades market is consolidated in nature with the presence of a large number of international players and a few regional players. Hunter Douglas, Springs Window Fashions, Hillarys, Aspect Blinds, Aluvert Blinds, Kresta, AWB - Advanced Window Blinds, Elite Window Fashions, Canadian Blind Manufacturing Inc., Next Day Blinds Corporation, and Day Blinds LLC.

Blinds And Shades Market Report Highlights

• North America is expected to contribute a majority of the share to hold the largest share of global revenue in 2022. The demand for window blinds and shades for interior spaces in the North American market is booming due to the growing number of smart houses and increasing penetration of smart technologies in households in the U.S. and Canada
• The shades segment is projected to register the fastest growth during the forecast period. Due to technological developments in the product, shades are becoming more popular. Manufacturers have developed technology such as remote control shades and automatic weather sensor shades, resulting in a surge in demand in recent years
• During the forecast period, the online segment is expected to grow at the fastest CAGR. The increasing availability of a wide range products of from different brands, free delivery, and seasonal discount on e-commerce platforms are among the major reasons driving the segment

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