According to a new report, published by KBV research, The Global Window Covering Market size is expected to reach $46.8 billion by 2028, rising at a market growth of 6.7% CAGR during the forecast period.
The Automatic segment is showcasing a CAGR of 11.7% during (2022 - 2028). With the growing popularity of IoT and smart houses, automatic window covering products were in high demand. Smart home automation is gaining traction around the world, and some home improvement retailers are already carrying smart dimmers and motion sensor kits. FYRTUR and KADRILJ, for example, are battery-powered smart window blinds that can be controlled remotely using the provided remote.
The Online segment has shown growth rate of 9.1% during (2022 - 2028). E-commerce is increasing in the home décor industry, and it helps businesses reach a larger audience. Retailers commonly blend online and offline channels. Furthermore, according to a UNCTAD report from 2020, the number of online purchasers who made at least one home furnishing transaction per two months increased by 7%. These factors have driven the online segment's growth.
The Residential segment is leading the Global Window Covering Market by Application 2021, thereby, achieving a market value of $25.9 billion by 2028. Growth in the number of families and rapid urbanization in developing economies such as India and China are driving this category. Furthermore, the FMCA estimates that over 800,000 new homes will be sold in the United States in 2020, with over 5.5 million existing homes. These factors are driving the growth of this segment.
The Curtains market is experiencing a CAGR of 6.5% during (2022 - 2028). The broad availability of window curtain components and the ease with which they may be placed are driving the segment growth. Several manufacturers have created specialized distribution channels to satisfy the needs of the curtain market. Traditional craftsmanship is becoming increasingly recognized in the curtain industry. Furthermore, the window curtain sector is dominated by DIY customers.
North America is the fastest growing region in the Global Window Covering Market by Region 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $15.7 billion by 2028. The Europe market is estimated to witness a CAGR of 6% during (2022 - 2028). Additionally, The Asia Pacific market would experience a CAGR of 8.4% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/window-covering-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., 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.
By Technology
By Installation
By Distribution Channel
By Application
By Type
By Geography
Companies Profiled
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