Blinds and Shades Market 2024 Gaining Prominence in an Innovation-driven Décor Industry

By
Zaraki Kenpachi
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Aesthetics and simplicity play a vital role in today’s infrastructure. New home owners are adopting tendencies to beautify and simplify their interiors with the help of next-gen home décor products, including window blinds and shades. Windows remain the focal point determining the aesthetics of homes and offices, owing to which, major efforts are directed towards improvising their look, presently.

  • Blinds and shades are lighting control products used on windows and doors.
  • A unit of automatic blinds and shades comprises shades/ blinds, motor, sensor, remote, and other accessories. These products have a sensor that detects the sunrays and wind, and pulls down the blinds.
  • Blinds and shades offer protection from the wind, sunrays, and dust. Consumers majorly prefer blinds and shades due to easy availability, less cost, and easy installation.
  • Blinds and shades have two types of sensors: solar/ sun and wind. Solar/ sun sensors detect the sunrays and use a wireless motorized system to pull down the blinds and shades; wind sensors detect the flow of wind and pull down the blinds to protect the dwelling against dust and rain.
  • The global blinds and shades market was valued at ~ US$ 11.3 Bn in 2018.
  • Projected to grow at a CAGR of 3.5% during the forecast period, the global blinds and shades market is expected to reach a valuation of ~ US$ 15.4 Bn by 2027.

Global Blinds and Shades Market: Regional Overview

  • Asia Pacific is likely to be the most attractive region in the blinds and shades market during the forecast period, due to the steady adoption of household appliances. Manufacturers are keen on entering the Asia Pacific region in order to grab significant market share.
  • Asia Pacific and Europe dominated the overall blinds and shades market due to the preference for premium brands among the population and increasing number of households in these regions.
  • As compared to other regions, North America and Europe are expected to see slower growth rates in the market during the forecast period.

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Global Blinds and Shades Market: Trends

  • Consumers prefer to use venetian blinds due to easy availability in different colors and material, which increases their popularity. Venetian blinds are also very easy to use. Ultra violet protection blinds and shades are popular among consumers due to their ability to block UV rays.

Global Blinds and Shades Market: Drivers, Opportunities, and Restraints

  • Increasing number of hotels and restaurants, and regulations laid down by governments and associations regarding cleanliness and hygiene are major drivers boosting the blinds and shades market. The rising preference for e-Commerce among consumers further boosts the expansion of the blinds and shades market.
  • Growth in awareness about health, and benefits of blinds and shades, are important factors creating huge opportunity for the blinds and shades market across the world. Increasing preference for blinds and shades in developing countries further drives the market.
  • Soil erosion and increase in construction activities have resulted in increased pollution levels, leading to the accumulation of soil in indoor locations such as apartments, houses, villas, offices, and restaurants. Consumers prefer to use blinds and shades for protection from the dust and sunrays.
  • Rise in the adoption of IoT devices and increase in the popularity of blinds and shades with smart features are expected to drive the blinds and shades market during the forecast period. Additionally, some manufacturers are using an Android operating system to operate the blinds and shades, which has increased the usability of the product.
  • Manufacturers are innovating their products and incorporating them with auto on-off, UV protection, etc.
  • However, the high maintenance cost of automatic products and the presence of substitutes are expected to hamper the market during the forecast period.

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Global Blinds and Shades Market: Competition Landscape

The blinds and shades market is fragmented due to the presence of several players. Competition is expected to intensify in the coming years with the entry of several local players. Key companies profiled in the research report include

  • Ching Feng Home Fashions Co., Ltd.
  • Griesser AG
  • Hunter Douglas NV
  • Lafayette Venetian Blind Inc.
  • Legrand
  • Lutron Electronics Company
  • Mechoshade Systems LLC
  • Nien Made Enterprise Co. Ltd.
  • Persianas Canet S.A
  • Qmotion Shades
  • Schenker Storen AG
  • Solarfective Products Limited
  • Springs Window Fashions
  • LLC
  • TOSO CO. LTD

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