In 2024, the blinds and shades market is expected to be worth approximately US$ 16.26 billion. It is projected to experience a Compound Annual Growth Rate (CAGR) of 5.1% from 2024 to 2034, reaching a total valuation of US$ 26.78 billion by 2034.
Growing need of personal control from the customers towards management of light and air, is creating a more demand to produce innovative blind & shades in market by manufacturers with increased focus on fully automated product.
On top of that, blinds and shades smart-phone –controlled operation has opened up new opportunities for the world market. In addition, the introduction of blinds-interconnected voice technology is definitely transforming trends in home décor and also promotes positive value growth for a global marketplace.
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IKEA, for example, has created remote-controlled blinds that include speech recognition and a smart lighting kit. These automatic blinds can be operated with a smartphone for a more personalised experience, and they’re compatible with AI-enabled virtual assistants like Alexa and Google Assistant.
Moreover, in the blinds and shades market, manufacturers have the option of producing eco-friendly blind and shades. In the current market, only a few companies are creating eco-friendly blind and shades, which opens up potential for other businesses to invest in sustainable interior décor items.
Growing consumer knowledge of sustainable or eco-friendly products is expected to influence their purchasing decisions. As a result, the market in developed nations with strong consumer awareness has the potential to grow.
Blinds and Shades Market Growth Drivers
- Smart Home Integration: The growth of smart home technology has led to a surge in demand for blinds and shades that can seamlessly integrate into home automation systems.
- Emphasis on Home Décor: With consumers placing increasing importance on home décor and aesthetics, there is a growing demand for stylish and visually appealing window coverings, fueling market growth.
- Outdoor Living Spaces: The popularity of outdoor living spaces has resulted in higher demand for exterior shades and blinds. These products offer protection from sunlight, wind, and rain, enabling homeowners to utilize their outdoor areas throughout the year.
- Health-Focused Benefits: As health-conscious consumers seek products that promote a healthy living environment, there is an expected rise in demand for window coverings with health-focused benefits.
- Urbanization and Residential Construction: Urbanization and the construction of new residential properties are contributing to the expansion of the blinds and shade market, as new homes require window coverings for privacy and light control.
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“Adoption of omnichannel sales strategy by manufacturers and growing customer inclination towards natural material-based blinds & shades are expected to offer significant market growth opportunities.” says an FMI analyst.
Key Takeaways from the Blind & Shades Market Study
- Smart windows are leaping the sales of blind & shades due to growing innovations such as windows controlled by a click of a button using rechargeable batteries and voice-activated window coverings.
- The U.S. is expected to register a CAGR of 2.2% in North America due to increasing trend of customized blind & shades as well as smartphone controlled blind & shades.
- Blinds and shades made of natural fibers is witnessing a significant growth in the global market. The customer’s awareness for their health and for environment is significantly supporting sales of natural blinds and shades.
- East & South Asia would remain the prominent region in the global blinds & shades market owing to rapid expansion of residential sector. E-commerce expansion will also be pivotal in accelerating the market build-up in this region.
Who is winning?
Leading manufacturers of blind & shades are focused on aggressive promotional strategies and advertisements that have driven sales growth of Blind & Shades globally.
Major players present in the blind & shades market are
- Ching Feng Home Fashions Co. Ltd.
- Griesser AG Electrocomponents PLC
- 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
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Global Blind & Shades Market by Category
By Product Type:
- Roller Shades
- Vertical Shades/Blinds
- Panel Blinds
- Roman Shades/Blinds
- Venetian Blinds
- Pleated Shades
- Others (Mini Blinds, Micro Blinds, etc.)
By Fabric:
- Natural Blind & Shades
- Synthetic Blind & Shades
By Mode of Operation:
- Manual Blind & Shades
- Automatic Blind & Shades
By Application:
- Residential
- Commercial
By Distribution Channel:
- Online
- Company Owned Portal
- Ecommerce Portal
- Offline
- Hypermarket
- Specialty Stores
- Departmental Stores
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
Author
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.
Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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