Asia Pacific Window Covering Market Size, Share & Industry Trends Analysis Report By Technology (Manual and Automatic), By Installation, By Distribution Channel, By Application, By Type, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific Window Covering Market would witness market growth of 8.4% CAGR during the forecast period (2022-2028).
Strong economic growth will most certainly drive the market in the near future. With rising consumer disposable money, window coverings, wall paint, and other home décor items are changing on a regular basis. This has also been a major factor in the market's growth.
Smart window solutions like connected shades, blinds, and curtains, vastly improve comfort and convenience while ensuring the right balance of natural and artificial light, occupant well-being, and comfort. For example, Somfy, a smart home solutions provider, announced the Sonesse ULTRA 30 WireFree Zigbee Li-Ion motor at the Consumer Electronics Show 2020. Users can utilize a smartphone app, a remote control, or a simple voice command to manage their window coverings.
Furthermore, numerous manufacturers are utilizing AI to enhance the overall consumer experience. Clients can see window treatments on their windows using a new visualizer given by Bali, a home design agency. Users may simply upload a photo, choose a treatment, and test it out in their own homes. Users can experiment with numerous colors, designs, and privacy levels to find the best window treatment solution for them.
Indian interior design, like everything else in India, is entrenched in a kaleidoscope of cultural influences. It is a style with diverse elements that have been passed down through the generations. Indian interior design draws significantly from all of these elements, whether it's temple motif architecture from the south or detailed carvings on Mughal structures. At the end of the day, India has a style that is as diverse as its culture. India has long been known for its exquisite textiles. Furthermore, these materials can be employed in a variety of innovative ways in houses, including long, flowing window drapes, simple sheets draped over a couch, and rugs and dhurries.
In India, the construction sector is divided into two categories: real estate and urban development. Residential, office, retail, hotels, and leisure parks are all included in the Real Estate section. Water supply, sanitation, urban transportation, schools, and healthcare are all sub-segments of the urban development segment. Between April 2000 and September 2021, FDI in the construction development sector (townships, housing, built-up infrastructure, and construction development projects) and construction (infrastructure) activities totaled $26.16 billion and $25.95 billion, respectively. The growing construction sector in the region is expected to boost the demand for window coverings in the region.
The China market dominated the Asia Pacific Window Covering Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $4,128.1 million by 2028. The Japan market is anticipated to grow at a CAGR of 7.8% during (2022 - 2028). Additionally, The India market would showcase a CAGR of 9.1% during (2022 - 2028).
Based on Technology, the market is segmented into Manual and Automatic. Based on Installation, the market is segmented into Retrofit and New Construction. Based on Distribution Channel, the market is segmented into Offline and Online. Based on Application, the market is segmented into Residential and Commercial. Based on Type, the market is segmented into Blinds & Shades, Curtains, Shutters, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hunter Douglas N.V., The Bombay Dyeing & Manufacturing Company Ltd., Welspun India Limited, Skandia Window Fashions, MechoShade Systems, LLC, Innovative Openings, Inc., Lotus & Windoware, Inc., Lafayette Venetian Blind, Inc., and Newell Brands, Inc.
Scope of the Study
Market Segments Covered in the Report:
- New Construction
By Distribution Channel
- Blinds & Shades
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Hunter Douglas N.V.
- The Bombay Dyeing & Manufacturing Company Ltd.
- Welspun India Limited
- Skandia Window Fashions
- MechoShade Systems, LLC
- Innovative Openings, Inc.
- Lotus & Windoware, Inc.
- Lafayette Venetian Blind, Inc.
- Newell Brands, Inc.
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