Window Blinds Market

Window Blinds Market Outlook (2023 to 2033)

A research report by Fact.MR reveals that the global window blinds market was valued at US$ 2.74 billion in 2022. Worldwide demand for window blinds is forecasted to increase at a CAGR of 4.5% and reach a valuation of US$ 4.45 billion by the end of 2033.

Ever-increasing of residential construction is resulting in the rapid growth of the real estate industry. Rising number of houses is projected to drive the demand for window coverings, which is set to boost the sales of window blinds. Growing expenditure on infrastructure is also forecasted to drive the sales of window blinds over the coming years.

• Sales of roll-up window blinds are projected to rise at a CAGR of 4.3% and reach a market value of US$ 1.83 billion by 2033.
• Demand for window blinds in Japan is predicted to increase at a CAGR of 4.3% and reach US$ 226.88 million by the end of the forecast period.

Blinds are window coverings that are manufactured of various long vertical or horizontal slats of many hard materials, including metal, plastic, and wood. These slats are then joined by cords to run through different blind vanes. With the lowering of the blind, these slats or vanes fall. They can also be stacked lengthwise by pulling the side of the respective window.

Increasing popularity of smart homes along with rising infrastructure development around the world is predicted to drive opportunities for market players. In addition, the rising disposable income of several people is leading to their increased spending capacity. As a result, they are investing in the designs and interiors of their residential buildings. Remodeling and replacement in the residential sector are estimated to account for the rising sales of window blinds. Homeowners are replacing older window blinds with new ones to improve functionality and visuals.

Industry players are constantly taking initiatives to launch new products to retain existing customers and target new potential customers. Shapes, product quality, and various other aspects play a significant role in attracting a new consumer base.

The ineffectiveness of window blinds to retain heat is one of the noteworthy limitations that is adversely impacting their demand growth. The cost of window blinds is comparatively higher, which is why everyone can’t install them. Frequent cleaning requirements are also limiting the adoption of window blinds globally.

Report Attributes	Details
Window Blinds Market Size (2023)	US$ 2.86 Billion
Projected Market Value (2033)	US$ 4.45 Billion
Global Market Growth Rate (2023 to 2033)	4.5% CAGR
China Market Growth Rate (2023 to 2033)	5.3% CAGR
United States Market Value (2033)	US$ 1.52 Billion
Japan Market Growth Rate (2023 to 2033)	4.3% CAGR
Demand Growth of Electrically Operated Window Blinds (2023 to 2033)	5.3% CAGR
Key Companies Profiled	Hunter Douglas Inc. Stoneside LLC Blinds to Go Inc. Hillary’s Blinds Ltd. Stevens Scotland Ltd. Ching Feng Home Fashion Co. Elite Window Fashions Budget Blinds Inc. Innovative Openings Inc. JASNO Shutters BV Rainbow Blinds Ltd. Next Day Blinds Corporation Springs Window Fashion LLC Aluvert Blinds Canadian Blind Manufacturing Inc. Advanced Window Products Inc.

Which Factors are Prominently Driving Window Blinds Market Growth?

“Sustainable Construction Practices Stimulating Deployment of Window Blinds”

Similar to other industries, the construction industry is also inclined toward sustainability. Stakeholders in the construction sector are incorporating numerous environmentally friendly practices for waste reduction with six core principles, including reuse, high quality, non-toxicity, conservation, recycling/renewable, and protecting nature.

Deployment of energy-efficient solutions and the benefits of green technology are prominent attributes of sustainable construction. Numerous construction projects are emphasizing green buildings for improved psychological and environmental outcomes. Some positive outcomes of these initiatives include an improvement in the cognitive functions of employees at the workplace and a faster recovery rate of patients in hospitals.

A majority of outcomes are attributed to advanced insulation properties within the interiors of buildings. These changes can include the deployment of different types of window blinds to retain heat in cold weather. The emergence of eco-friendly blinds is predicted to provide noteworthy expansion opportunities for market players.

“Penetration of Smart Technology in Window Blinds”

Various commercial and residential buildings are embracing automation and smart technology such as window automation. Industry players are investing in R&D activities to develop window blinds, window films, and smart curtains. This opportunity is leveraged by manufacturers to gain significant profit share. Window blinds controlled by mobile applications or a remote are establishing their reach in the market. Industry players are capitalizing on these opportunities to establish themselves.

For instance :

• Schneider Electric, Danfoss, and Somfy welcomed ASSA ABLOY into Connectivity Ecosystem Partnership in June 2020 with a vision to drive safe, seamless, and simple solutions for commercial and residential applications. The latter is a prominent supplier of access solutions to enable secure, convenient, and safe access to digital and physical places.

What’s Restraining the Sales Growth of Window Blinds to Some Extent?

“High Product Cost and Ineffectiveness in Retaining Heat”

Window blinds are not always capable of retaining heat so their effectiveness is challenged. In addition, the increased cost of window blinds is predicted to limit their adoption. Rising requirements for cleaning window blinds are also creating challenges for industry players.

What is the Main Focus of Start-ups in This Space?

“Production of Automated Blinds with Advanced Operating Features”

Developments and innovations in technology are predicted to attract consumers leading to growth in sales of window blinds. Start-ups are estimated to give prime importance to adding innovative blinds to their respective product portfolios. Some technological advancements in the industry include the use of remote control to raise or lower blinds.

Availability of automated blinds with cordless and easy-handling features is predicted to boost their demand over the coming years. Further, the production of smart blinds that are laced with the latest technology and controlled by mobile devices is also helping new entrants to establish themselves in the market.

Country-wise Insights

How is the Window Blinds Market Faring in the United States?

“High Demand for Thermal Insulation Bolstering Sales of Window Blinds”

Demand for window blinds in the United States is predicted to increase at a CAGR of 3.7% and reach US$ 1.52 billion by the end of 2033.

• The U.S. Environmental Protection Agency mentioned that a significant amount of energy that is consumed is wasted during transmission, insufficient technology, and heat loss. This is resulting in huge financial expenditure for American businesses and families and also contributes to carbon pollution. Therefore, the attainment of energy effectiveness is of noteworthy importance. It is estimated by the U.S. Environmental Protection Agency that appropriate insulation of commercial and residential buildings can result in a 20% cost reduction that is associated with heating.

The presence of various prominent players in the United States is also forecasted to contribute to market growth opportunities over the coming 10 years.

Why are Key Players Eyeing the United Kingdom Market?

“Eco-friendly Window Blinds Generating Growth Opportunities for Market Players”

Sales of window blinds in the United Kingdom are projected to advance at a CAGR of 3.3% and reach a value of US$ 217.98 million by 2033.

Increasing demand for various eco-friendly blinds that are manufactured from wood bamboo, jute, grasses, or reeds is predicted to favor market growth opportunities. European consumers are giving preference to certain materials, including faux wood as they are produced from recycled materials.

• Blinds.com, which is owned by Home Depot, launched SimplyEco Cellular Shade Collection in September 2020.
• According to the Department of Energy, the newly developed shades can reduce the loss of heat through windows by 40% in colder periods. They can also decrease the entry of unwanted solar heat through windows in warm weather by 80%. These window blinds are produced from recycled plastic bottles, ensuring a prominent step toward environmental sustainability.

Why is Demand for Window Blinds Increasing in South Korea and Japan?

“High Customer Inclination towards Smart Window Blinds”

Demand for window blinds in Japan is predicted to register a CAGR of 4.3% and reach US$ 226.88 million by 2033. Sales of window blinds in South Korea are anticipated to expand at a CAGR of 1.8% and reach US$ 120.11 million by the end of the projected period, according to Fact.MR, a provider of market research and competitive intelligence.

Rapid urbanization, the increasing middle-class population, growing disposable income, and changing lifestyles are some pivotal factors that are leading to increased expenditure on lifestyles, including home décor and aesthetics. The adoption of automated blinds and smart blinds controlled by mobile devices is predicted to fuel market growth. The inclination toward attractive, safe, and durable blinds is also supporting their sales.

Category-wise Insights

Why are Roll-Up Blinds Widely Used by People across Regions?

“Lofty Aesthetic Appeal Widening Uptake of Roll-Up Blinds”

Sales of roll-up window blinds are projected to increase at a CAGR of 4.3% and reach a valuation of US$ 1.83 billion by the end of the forecast period.

Roll-up windows are not simply considered as décor accessories but as a centerpiece for visitors with a good aesthetic sense. The highly flexible nature of roll-up blinds makes them easy and simple to use. In addition, the durability and qualitative fabrics of blinds stimulate their popularity.

Will Electrically Operated Window Blinds Become a Rage?

“Growing Energy Efficiency Issues Propelling Demand for Electric Window Blinds”

Demand for electrically operated window blinds is predicted to advance at a CAGR of 5.3% and reach US$ 2 billion by the end of 2033.

Expanding urbanization is leading to the consumption of electricity around the world. Therefore, increased concerns about energy efficiency in numerous countries can be experienced. Thus, certain consumers are adopting numerous energy-saving home appliances to reduce energy consumption. These factors are projected to widen the scope for manufacturers of electrically operated window blinds.

Various technological advancements taking place in window treatment are leading to the production of insulated blinds to improve thermal efficiency, especially in cold climates. In addition, the opening and closing times of window blinds can also be scheduled due to advancements in technology.

Key Market Players

Maintaining product standards, new developments, ensuring delivery of quality products, strengthening supply chain management systems, etc., are some areas in which market players are investing at a significant rate.

Key players are adopting various expansion strategies such as the acquisition of small-scale market players, entering into collaborations with prominent manufacturers, and launching new products.

For instance :

• Springs Window Fashions acquired B&C International in January 2021. In the Netherlands, the latter is operating as a provider of window treatment and makes ready-made and customized window blinds under the Decosol, Bece, and private label brands.

Key players in the window blinds market are Hunter Douglas Inc., Stoneside LLC, Blinds to Go Inc., Hillary’s Blinds Ltd., Stevens Scotland Ltd., Ching Feng Home Fashion Co., Elite Window Fashions, Budget Blinds Inc., Innovative Openings Inc., JASNO Shutters BV, Rainbow Blinds Ltd., Next Day Blinds Corporation, Springs Window Fashion LLC, Aluvert Blinds, Canadian Blind Manufacturing Inc., and Advanced Window Products Inc.

Segmentation of Window Blinds Industry Research

• By Product :

  • Horizontal
  • Vertical
  • Roman
  • Roll Up

• By Window Pane Operation :

  • Manually Operated
  • Electrically Operated

• By Application :

  • Residential
  • Commercial
  • Industrial

• By Sales Channel :

  • Hypermarkets/Supermarkets
  • Specialty Stores
  • Independent Retailers
  • Online Sales

• By Region :

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa