Published Date: 21-Feb-2023
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According to a new report, published by KBV research, The Global External Blinds Market size is expected to reach $16.3 billion by 2028, rising at a market growth of 6.9% CAGR during the forecast period.
The Automatic segment is showcasing a CAGR of 7.7% during (2022 - 2028). The market for smart window coverings is expanding as smart home items are becoming more popular in household goods. Additionally, the rise of smart houses as a consequence of the affluent lifestyle also draws customers to the use of motorized or smart window coverings or blinds. Growth in the business sector and opulent hotels suggests that automated window covering systems will soon be embraced for their energy-efficient characteristics through cellular architectures of rollers and shades.
The Metal segment acquired maximum revenue share in the Global External Blinds Market by Material in 2021 thereby, achieving a market value of $6.4 billion by 2028. When used in conjunction with other materials that have their own aesthetic and practical advantages, metal exterior blinds are a sturdy option. Due to the longer stability of this material and the cutting-edge styles offered by metal blinds, the market is growing in this niche.
The New Construction segment has shown the growth rate of 9.1% during (2022 - 2028). Over the projected period of 2023–2030, the installation type of exterior blinds is predicted to grow at a CAGR of more than 8.7%. The sales of window coverings in newly developed areas are boosted by the development of commercial and residential buildings. Rising travel and tourism trends have had an impact on the development of the hospitality industry in emerging nations during the last several years.
The Residential segment is leading the Global External Blinds Market by Application in 2021 thereby, achieving a market value of $10 billion by 2028. Residential demand for the product is predicted to increase in the approaching years due to the rising number of residential buildings and the fast urbanization of emerging nations. Consumers in both developed and emerging nations may spend more on home furnishings because of their growing buying power. As a result, customers continue to choose expensive window coverings that complement their interior decor.
The Venetian Blinds segment is poised to grow at a CAGR of 8.3% during (2022 - 2028). Vertical slats that are two inches wide are piled and joined together by cords or fabric strips to form venetian blinds. The slats may be turned by pulling the cords, or the cables can be pulled together and raised to adjust the blinds. Venetian blinds come in a variety of materials, including wood. The blinds are also available in cordless variants. Users may program their Venetian blinds to automatically retract as the light level drops so that they are totally hidden from view.
The North America market dominated the Global External Blinds Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $6.1 billion by 2028. The Europe market is exhibiting a CAGR of 6.7% during (2022 - 2028). Additionally, The Asia Pacific market would witness a CAGR of 7.7% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/external-blinds-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., StellaGroup, SAS (PAI Partners SAS), Griesser AG, Country Blinds Pty Ltd., MHZ Hachtel GmbH & Co. KG, ŽALUZIE NEVA s.r.o., Schenker Storen AG, Verano B.V., and WAREMA Renkhoff SE.
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Unique Offerings from KBV Research
North America External Blinds Market size & Opportunities 2022-2028
Europe External Blinds Market & Growth Forecast 2022-2028
Asia Pacific External Blinds Market Share & Industry Outlook to 2028
LAMEA External Blinds Market Growth, Trends & Forecasts 2022-2028