Europe 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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Get in-depth analysis of the COVID-19 impact on the Europe Window Covering Market
Market Report Description
The Europe Window Covering Market would witness market growth of 6.0% CAGR during the forecast period (2022-2028).
Smart window solutions are introducing linked shades, blinds, and curtains to the home interior, considerably improving comfort and convenience while always maintaining the proper mix of natural and artificial light, occupant well-being, and everyday comforts. At the Consumer Electronics Show (CES) 2020 in January 2020, Somfy, a company that specializes in the motorization and connectivity of interior window coverings, exterior shading products, and access management systems, unveiled its new smart shading and its Sonesse ULTRA 30 WireFree Zigbee Li-Ion motor. All of the user's window coverings can be controlled with a single tap on a smartphone, a remote control, or a simple voice command through a smart speaker.
Furthermore, the market for wall coverings is predicted to develop as a result of government programs aimed at promoting home construction and renovations across numerous regions. According to the National House Building Council, the number of new homes registered to be built in the United Kingdom increased by 1% in 2019, totaling 161,022 dwellings. In addition, the government expects private housebuilders, housing organizations, and local governments to increase yearly building to 300,000 by 2025. Similarly, when the practical benefits of blinds and shutters are acknowledged, sales are projected to rise.
The homes became even more crucial to the daily lives of people as a result of the covid-19 restrictions. Remote employment, online school, and gathering family members under one roof have necessitated that houses serve as a sanctuary 24 hours a day, seven days a week. As a result, comfort is in high demand, and European markets have skillfully designed materials to fulfill that desire. From boucle to sherpa, mole hair to alpaca materials, pillows, and throws of exquisite suppleness. As people spend more time inside their houses, layering textures and tactile delights will be a must-have in 2022 and beyond. Since window coverings are a key part of the interior, this is likely to spruce up the window covering market in the region.
The building industry is vital to the European Union's economy. The sector supports 18 million direct jobs and accounts for around 9% of EU GDP, as well as creating new jobs, driving economic growth, and addressing social, environmental, and energy concerns. The European Commission's purpose is to assist the industry in being more competitive, resource-efficient, and sustainable.
The Germany market dominated the Europe Window Covering Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,909.4 million by 2028. The UK market is estimated to grow at a CAGR of 5.1% during (2022 - 2028). Additionally, The France market would witness a CAGR of 6.7% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Window Covering Market will Hit $46.8 Billion by 2028, at a CAGR of 6.7%
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
- Rest of Europe
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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