Blind and Shades Market Share, Size, Trends, Industry Analysis Report, By Type (Blinds & Shades); By Application (Residential, Commercial); By Distribution Channel; By Installation; By Technology; By Region, And Segment Forecasts, 2023 - 2032
- Published Date:Jul-2023
- Pages: 115
- Format: PDF
- Report ID: PM3622
- Base Year: 2022
- Historical Data: 2019-2021
Report Outlook
The global blind and shades market was valued at USD 13.02 billion in 2022 and is expected to grow at a CAGR of 7.7% during the forecast period. The growth of the market is closely linked to the construction industry's expansion. As more residential and commercial buildings are constructed, the demand for window treatments such as blinds and shades increase.
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The rapid urbanization taking place in many parts of the world is also driving the growth of the construction industry. As more people move to urban areas, the demand for housing and commercial spaces increases, leading to more construction projects. This trend is expected to continue, particularly in developing countries, leading to increased demand for blinds and shades. As per the estimates of the World Urbanization Prospect, around 66 per cent of global population, projected to live in sub-urban & municipal areas, by 2050. This will increase the demand of the blind & shades.
Moreover, an increase in people's living standards has also contributed to the growth of the blind and shades market. As people's incomes increase, they are more likely to invest in quality window treatments that provide benefits such as light control, privacy, and durability. In addition, the availability of a wide range of options, including different materials, styles, and colors, has made it easier for individuals to find the perfect blinds and shades to meet their needs.
Blinds and shades have become popular window treatments due to their ability to provide several benefits to homeowners and commercial property owners. These coverings can be made from various materials, including wood, vinyl, aluminum, and fabric. One of the main advantages of blinds and shades is their ability to control the amount of light that enters a room. This feature is especially important for individuals who work from home or need to sleep during the daytime. By adjusting the slats or fabric, users can regulate the amount of light that enters the space, creating a comfortable environment.
Another benefit of blinds and shades is their ability to provide privacy. Many people prefer to have some degree of privacy in their homes, and blinds and shades can offer that. By lowering the blinds or shades, individuals can block the view of anyone outside, preventing prying eyes from seeing inside. Blinds and shades are also highly durable, which is a significant factor in their popularity. They are resistant to dust and moisture, making them easy to clean and maintain. This durability means that they can last for many years, making them a cost-effective choice for homeowners and commercial property owners.
However, as with any product, there are alternatives to blinds & shades, such as curtains, drapes, and shutters. These alternatives may offer different benefits, such as greater versatility or customization options, which could appeal to some consumers. The availability of these alternatives could potentially impede the growth of the market.
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Industry Dynamics
Growth Drivers
Blinds and shades offer several benefits to both residential and commercial structures, including their aesthetic appeal and insulation properties. They can enhance the overall look of a room or building, providing a stylish and functional window treatment that complements the décor. Moreover, blinds and shades can also provide thermal insulation, heat resistance, water resistance, and durability, which can help reduce energy costs and extend the lifespan of the window treatment. By preventing heat loss during the winter months and reducing solar heat gain during the summer, blinds and shades can help improve energy efficiency, making them a cost-effective investment for homeowners and commercial property owners.
To remain competitive, major competitors in the blinds and shades market have used various techniques, including product launches and acquisitions, to improve their product portfolio and meet evolving consumer needs. For example, Bed Bath & Beyond Inc. introduced its own brand, ever home, in May 2022. The brand offers a range of products, including window treatments such as blinds and shades, that are designed to complement modern home aesthetics. The brand's focus on adaptability, energizing color schemes, and airy designs reflects the growing trend towards modern, minimalist home decor.
Report Segmentation
The market is primarily segmented based on type, application, installation, technology, and region.
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By Type |
By Application |
By Distribution Channel |
By installation |
By Technology |
By Region |
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Blinds segment accounted for the largest market share in 2022
In recent years, the demand for sound-proof blinds has increased significantly, driven by the need to reduce noise pollution in homes and commercial buildings. Soundproof blinds are designed to block outside noise, creating a more peaceful and comfortable environment indoors. This feature is particularly important in urban areas or in buildings located near busy streets or highways.
Shades segment projected to witness lucrative growth rate. This growth is driven by several factors, including the increasing popularity of high-tech innovations such as remote-controlled shades. Remote-controlled shades offer several benefits to consumers, including convenience and ease of use. With a remote control, users can easily adjust the shades to control the amount of light that enters a room, without having to manually operate the shades. This feature is particularly popular in homes and commercial buildings with high or hard-to-reach windows, where manual operation of shades can be difficult or inconvenient.
Residential segment accounted for the largest market share in 2022
The increasing number of families and urbanization in developing nations like China and India are driving the demand for blinds and shades. As more people move to cities and build or purchase homes, the need for window coverings that provide privacy, light control, and energy efficiency is increasing. According to the Furniture Manufacturers Credit Association (FMCA), around 5.5 Mn existing homes & more than 800,000 new households were bought in the U.S. alone, in 2020. This represents a significant market opportunity for manufacturers and retailers of blinds and shades.
Commercial segment recorded the highest growth over the study period. As commercial buildings become more sophisticated and technology-driven, the need for specialized window coverings that offer energy efficiency, light control, and privacy is increasing. Manufacturers are responding to this demand by offering a wide range of customizable products that meet the needs of commercial clients.
Manual segment accounted for the largest market share in 2022
The demand for manual window blinds and shades is increasing as safety concerns related to corded window covering solutions continue to grow. In response to this, manufacturers are developing innovative cordless or short-corded products that offer the same level of functionality as traditional blinds and shades, but with enhanced safety features. These products are becoming increasingly popular, particularly in homes with young children and pets.
Automatic segment recorded steady growth rate. The emergence of smart homes, which are equipped with a range of connected devices and systems that can be controlled remotely or automated through voice commands or smart schedules, is driving the adoption of smart or motorized window blinds and shades. Smart window coverings can be integrated with other smart home systems, such as lighting and heating, to create a more comfortable and energy-efficient home environment. They can also be controlled remotely through a smartphone app, allowing users to adjust their blinds.
North America region dominated the global market in 2022
The North America region dominated the global market with considerable market share in 2022. Region’s growth is primarily due to increasing construction in the residential sector and the growing focus on home improvement and decor are expected to drive the growth. The increasing construction of residential properties in the U.S., particularly in states like Texas and Florida, is creating significant demand for window blinds and shades. In addition, the increasing focus on home improvements and home decor is expected to drive growth in the U.S. blinds and shades industry. Homeowners are increasingly investing in high-quality and stylish window coverings that not only offer privacy and light control but also enhance the overall look and feel of their homes.
The Asia Pacific region is expected to be the fastest growing region with a healthy CAGR over the study period. Rapid growth of emerging economies such as India, China, and Australia, along with the growing hospitality and tourism industries in these countries. The increasing urbanization and rising disposable incomes are expected to drive the demand for residential & commercial properties, thereby driving the growth of the blinds and shades market. In addition, the growing awareness about energy efficiency and the need for sustainable and eco-friendly products are likely to further accelerate the demand for energy-efficient window blinds & shades in the region.
Competitive Insight
Some of the major players operating in the global market include Hunter Douglas, Hillarys, Aspect Blinds, Springs Window Fashions, Elite Window Fashions, Canadian Blind Manufacturing, Aluvert Blinds, Kresta, Next Day Blinds, & Day Blinds.
Recent Developments
- In January 2023, Hunter Douglas announced buyers of its product will save around USD 1,200, as a part of tax credit to encourage use of energy efficient products.
- In March 2022, SelectBlinds.com introduced 2 new products namely, Eve MotionBlinds & Apple HomeKit technology. Both motors are connected to the blinds & shades motor to enable smart home technology.
Blinds and Shades Market Report Scope
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Report Attributes |
Details |
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Market size value in 2023 |
USD 13.97 billion |
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Revenue forecast in 2032 |
USD 27.19 billion |
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CAGR |
7.7% from 2023 – 2032 |
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Base year |
2022 |
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Historical data |
2019 – 2021 |
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Forecast period |
2023 – 2032 |
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Quantitative units |
Revenue in USD billion and CAGR from 2023 to 2032 |
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Segments covered |
By Type, By Application, Distribution Channel, Installation, Technology, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
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Key companies |
Hunter Douglas, Hillarys, Aspect Blinds, Springs Window Fashions, Elite Window Fashions, Canadian Blind Manufacturing, Aluvert Blinds, Kresta, Next Day Blinds, & Day Blinds. |
FAQ's
The blind and shades market report covering key segments are type, application, installation, technology, and region.
Blind and Shades Market Size Worth $27.19 Billion By 2032.
The global blind and shades market is expected to grow at a CAGR of 7.7% during the forecast period.
North America is leading the global market.
key driving factors in blind and shades market are rise in the construction of residential and commercial structures.
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