North America 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 North America Window Covering Market would witness market growth of 5.2% CAGR during the forecast period (2022-2028).
Window coverings are accessories for standard windows that can be tailored to fulfill special requirements. Because of the growing temperatures in metropolitan areas, window coverings are now essential to keep the interior spaces of buildings comfortable. Window treatments are both a necessary and an important aspect of modern interior design. An important reason driving demand for various window covering materials such as curtains, blinds, and shades is a growing desire to modernize homes and commercial buildings, and offices. Thus, the rapidly expanding hospitality industry, which can be attributed to the increasing number of hotels and restaurants, is fueling demand for window coverings and is expected to accelerate the market expansion throughout the forecast period.
The potential benefits of the widespread use of energy-efficient window coverings are enormous. Window systems account for a significant percentage of annual heating and cooling costs in older homes, according to the Attachments Energy Rating Council (AERC). This implies that many households are overpaying for their heating and cooling systems. According to DOE research, window attachment solutions have the potential to drastically reduce energy use. The Attachments Energy Rating Council (AERC) and the United States Department of Energy (DOE) announced in January 2020 that Hunter Douglas' cellular shades and cellular roller blinds have obtained the first energy performance rating for window coverings.
Public construction spending was anticipated to be $1,728.6 billion in March 2022, seasonally adjusted. The yearly pace of educational construction was $80.3 billion seasonally adjusted. Private construction spending was $1,379.7 billion on a seasonally adjusted yearly basis. In March, the residential building reached $891.0 billion on a seasonally adjusted yearly basis. In March, nonresidential building was valued at $497.6 billion on a seasonally adjusted yearly basis. With this, substantial investments in home décor and home remodeling are projected in the United States, propelling the window covering market in the region. The demand for window coverings is likely to be driven by a similar trend of increased residential developments due to global population growth. In addition, the commercial construction industry is growing.
The US market dominated the North America Window Covering Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $11,342.8 million by 2028. The Canada market is experiencing a CAGR of 7.6% during (2022 - 2028). Additionally, The Mexico market would exhibit 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Window Covering Market is Estimated to reach $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 North America
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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