The Global Market for Blinds and Shades is Projected to Exceed US$14.5 Billion by 2024

Growing Demand for Trendy, Innovative, Fashion-Forward, and Energy Saving Window Treatments Drive the Blinds and Shades Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Blinds and Shades market. The global market for Blinds and Shades is projected to exceed US$14.5 billion by 2024, driven by the growing demand for trendy, innovative, fashion-forward, and energy saving window treatments; and surging popularity of smart automated blinds and shades.

Window treatments serve many requirements in homes, offices and commercial spaces. Blinds, shades, drapes, curtains, glass panes, screens, and awnings, among others, are installed on windows and other open spaces, for making the place look and feel less confining. They offer the required privacy, control light and provide thermal efficiency in addition to enhancing aesthetics of a space. Blinds and shades present an attractive option for home owners to add elegance and style to interiors while enjoying the privacy and letting in natural light to ensure desirable warmth. Blinds represent the most preferred window covering option supported by its superior attributes over curtains in terms of sturdiness; being the most economical; space saving due to the absence of any type of poles or holdbacks; less obtrusive and therefore ideal for smaller recesses and windows; and the ability to withstand conditions of high humidity, especially in spaces such as bathrooms and kitchens.

Healthy growth is projected for the market in the coming years, driven by the gradual transition from manual to motorized control option that allow users to operate blinds remotely rather than using cords. Automatic or motorized window blinds and shades are gaining immense popularity owing to their ability to maximize energy savings to make homes smarter, enable home owners to control shades using a smart phone, and automatic opening or closing through pre-programmed settings. Future growth in the market will also be driven by ever-changing fashion and functionality trends, launch of smart-glass based window shade solutions in place of electronic window shades; and growing prominence of green or organic materials.

Few of the innovative trends, features, styles, and designs that are driving increasing market adoption include launch of low-cost IoT-based gadgets that are connected to and controlled by the Internet; solar blinds that shade windows while simultaneously generating clean energy; and unique operating systems (OS) for window treatment products with significant benefits in terms of UV protection, privacy and efficiency, along with excellent lifestyle upgrade, among others. Other important growth drivers include positive outlook for the global construction industry; increasing focus on custom blinds; favorable demographic trends, and huge opportunities in the retrofit segment driven by the global ‘green’ standards and other statutory requirements.

As stated by the new market research report on Blinds and Shades, the United States represents the largest market worldwide. Asia-Pacific is forecast to emerge as the fastest growing market with a CAGR of 4.7% over the analysis period. Growth in the region is led by increased urbanization, unpenetrated and underpenetrated nature of the markets, and expanding base of affluent middle class population and the subsequent rise in aspirational spending on branded products. Increased manufacturing activity due to ready low cost feedstock and easy access to cheap labor is particularly benefiting the market in China and India. On the production front, the region has emerged as a significant provider of customized blinds and shades, with several low-cost producers entering the fray, especially in China.

Key players in the market include 3 Day Blinds LLC, Chicology, Decora Blind Systems Ltd., Draper, Inc., Elite Window Fashions™, Hunter Douglas N.V., Innovative Openings, Inc., Louvolite Fabrics Ltd., Maxxmar Window Fashions, Nien Made Enterprise Co. Ltd., Norman International, Inc., Roll-A-Shade, Inc., Rollease Acmeda Pty. Ltd., Springs Window Fashions, LLC, and Vasa Window Coverings, among others.

The research report titled “Blinds and Shades: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of major market participants. The single segment report provides market estimates and projections for all major geographic markets such as the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Rest of World.

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