According to a new report, published by KBV research, The Global Blinds And Shades Market size is expected to reach $22.2 billion by 2029, rising at a market growth of 8.2% CAGR during the forecast period.
The Automatic market is registering a CAGR of 13.8% during (2023 - 2029). The demand for smart window coverings is expanding due to the increasing use of smart home devices in household goods. The advent of smart houses due to the luxury lifestyle also draws customers to the adoption of intelligent or automated window coverings or blinds. Growth in the corporate sector and opulent hotels suggests that automated window covering solutions with their energy-efficient characteristics offered by cellular architectures of rollers and shades will soon be adopted.
The Residential market acquired the maximum revenue share in the Global Blinds and Shades Market by Application in 2022 thereby, achieving a market value of $12.5 billion by 2029. In the coming years, it is projected that the rising number of residential buildings and the quick urbanization of developing countries will fuel residential demand for the product. Consumers' increased purchasing power in developed and emerging nations allows them to spend more on home furnishings. The market growth rate in the residential segment has also accelerated due to the introduction of automated items.
The Online market has shown the high growth rate of 10.8% during (2023 - 2029). Due to the time and effort savings, consumers now prefer to purchase online. Additionally, it offers guaranteed product delivery. Additionally, the variety of online goods, such as free gifts and significant discounts, has changed consumer tastes. The market's participants are thus focusing on creating e-commerce websites to improve their global online visibility.
The Retrofit market is leading the Global Blinds and Shades Market by Installation in 2022 thereby, achieving a market value of $12.6 billion by 2029. Due to the high expenses of housing prices and mortgage rates, customers are becoming more inclined to remodel their homes rather than buy new ones. As a result, the need for high-end exterior blinds solutions, like motorized and Roman roller shades, is rising due to rising home renovation spending.
The Shades market is poised to grow at a CAGR of 9.4% during (2023 - 2029). Rapid urbanization, expanding residential development, and increased disposable income contribute to the segment's growth, as are a strong interest in home remodelling projects and rising housing developments.
The North America market dominated the Global Blinds and Shades Market by Region in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $7.6 billion by 2029. The Europe market is anticipated to register a CAGR of 7.5% during (2023 - 2029). Additionally, The Asia Pacific market would generate a CAGR of 9.1% during (2023 - 2029).
Full Report: https://www.kbvresearch.com/blinds-and-shades-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Hunter Douglas N.V., Springs Window Fashions, LLC (Clearlake Capital Group, L.P.), Aspect Living Limited, Royal Blinds LLC, Advanced Window Blinds, Elite Window Fashions, Canadian Blind Manufacturing Inc., Kresta Holdings Limited, Draper, Inc., and Bed Bath & Beyond, Inc.
By Technology
By Application
By Distribution Channel
By Installation
By Type
By Geography
Companies Profiled
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