Window Blinds Market

Window Blinds Market Outlook

The window blinds market, projecting a valuation of US$ 4 Billion by the end of the 2021-2031 forecast period. By 2021-end, the market is forecast to reach US$ 2.6 Billion.

Demand for electrically operated window blinds is likely to surge, as energy efficiency concerns acquire precedence, registering a CAGR of 5% by 2031.

Window Blinds Revenue Analysis 2016-2020 Vs Outlook for 2021-2031

Historically, from 2016-2020, the market for window blinds expanded at a CAGR of nearly 5% as construction stakeholders increasingly incorporate sustainable practices, such as proper insulation and the introduction of green buildings.

During the COVID-19 pandemic, demand witnessed a considerable drop, attributed to a sluggishness experienced in the global construction industry, particularly the real-estate sector. During its height, urban areas became the epicenter, reporting 90% of all active cases, prompting authorities to implement stringent lockdowns, impacting residential construction projects. Eventually, the sluggishness faded, especially since Q4 2020, prompting projections to rebound.

However, the long-term impact of the pandemic is expected to linger, as commercial establishments continue enforcing remote working guidelines, resulting in the implementation of a limited number of building projects. Based on these broader developments, sales window blinds are projected to exhibit a moderate 4.4% CAGR from 2021 to 2031.

How are Sustainable Construction Practices Driving Window Blinds Uptake?

As sustainability concerns acquire precedence, the construction industry is no exception. With the six core principles of conservation, reuse, recycling/renewal, protecting nature, non-toxicity and high quality, at play, construction stakeholders are incorporating various environmentally friendly practices to reduce wastage.

One major attribute of sustainable construction is employing energy efficiency and leveraging green technology. Construction projects emphasizing on green buildings have both improved environmental and psychological outcomes. For instance, in an office building, cognitive functions rose by 61%, while 56% of patients in a prominent hospital experienced cheerfulness and faster recovery rates.

A majority of these outcomes are a product of enhanced insulation functions within building interiors. This includes deployment of window blinds to contain heat during cooler climates, and dissipating it during warmer months. Moreover, the introduction of eco-friendly window blinds has also provided significant expansion opportunities. 

How has Smart Technology Penetrated the Market for Window Blinds?

As residential and commercial buildings embrace smart technology and automation, market players have introduced copious R&D in developing smart curtains and window blinds, an opportunity which is expected to be leveraged to the maximum in the forthcoming decade. Smart window coverings controlled through either a remote control or mobile applications are firmly establishing their roots across potential markets.

Various global level coalitions are taking place to capitalize on this highly lucrative opportunity. For instance, in June 2020, Schneider Electric, Somfy and Danfoss, welcomed ASSA ALBOY, a global leader in access solutions which enable safe, secure and convenient access to physical and digital places, into their Connectivity Ecosystem Partnership.

With a combined vision of driving simple, safe and seamless solutions for both residential and commercial applications, the partnership will deliver a superior value proposition to customers, combining expertise in comprehensive solutions bringing connectivity to the next level in this increasingly digital age.

Country-wise Analysis

Increasing Thermal Insulation Requirements Boosting Window Blinds Sales in North America?

Fact.MR anticipates the market for window blinds across North America to yield a revenue share worth 35% across the 2021-2031 assessment period. Demand is majorly attributed to increasing insulation requirements to trap heat across residential and commercial buildings alike.

According to the U.S Department of Energy, every year, much of the energy the U.S consumes is wasted through transmission, heat loss and inefficient technology, costing American families and businesses huge financial expenditures and contributing to increased carbon pollution. Hence, attaining energy efficiency is of paramount importance.

Furthermore, the U.S Environmental Protection Agency estimates that proper insulation of buildings results in 20% cost savings related to heating. Several regional level manufacturers operate in the North American market. For instance, Innovative Openings Inc. offers its range of Insoroll Solar Shades & Roller Shades, offering complete blackout or insulation blinds, suitable for usage across conference centers, hospitals, schools, home theatres and residential buildings.

How is Increased Popularity of Green Buildings Providing Traction to the South Asian Market?

With mounting energy efficiency concerns, the trend of green buildings has grabbed major eyeballs across the world, including in South Asia. Amongst all countries, India is expected to be the most prominent landscape for green buildings in forthcoming years.

As per the Indian Green Buildings Council (IGBC), as of 2018, 5.27 billion square feet of the national building footprint was contributed by green buildings projects. As per its findings, green buildings help attain 30-40% energy savings, as well as enable 20-30% more water conservation.

A key characteristic of these buildings are the incorporation of high performance glass and window blinds, permitting penetration of lights while simultaneously reflecting the heat and enhance indoor air quality. Hence, numerous manufacturers of window blinds have forayed into the South Asian market, expected to surge at a CAGR of 5.5% from 2021-2031.

How are Eco-Friendly Window Blinds Generating Growth Opportunities across Europe?

The market for window blinds in Europe is favored by strong demand for eco-friendly blinds made of wood, bamboo, reeds, grasses, or jute. In the projected period of 2021-2031, the region is expected to remain the dominant market, capturing a revenue share worth 50%.

Certain materials such as faux wood are being highly preferred by European consumers, as they are manufactured from recycled materials. Recently, in September 2020, The Home Depot-owned Blinds.com announced the launch of its SimplyEco Cellular Shade Collection.

As per estimates by the Department of Energy, these shades are capable of reducing heat loss through windows by 40% or more in colder months, and reduces unwanted solar heat entering through windows by up to 80% in warm weather. These are manufactured from recycled plastic bottles- a major step in ensuring environmental sustainability.

Category-wise insights

High Aesthetic Appeal to Widen Uptake of Roll-Up Blinds?

According to Fact.MR, preference of roll-up window blinds is not anticipated to wane across the forthcoming decade. As per the report, roll-up blinds will likely constitute approximately 40% of the global market share until 2031.

Roll-up blinds are not just décor accessories, but a centerpiece of attraction for visitors who have an aesthetic sense. Their highly flexible nature, making it simple and easy use. Moreover, they are extremely durable, constructed with good quality fabrics.

Energy Efficiency Concerns Bolstering Sales of Electric Window Blinds?

As urbanization expands, there is an uptick in electricity consumption, leading to elevated concerns regarding energy efficiency across countries. Hence, consumers have adopted various energy saving appliances to reduce their footprint, thus widening the scope for electrically operated window blinds.

Modern technological advancements in window treatment have made blinds more insulated, improving the thermal efficiency of the windows they frame when closed, particularly across cold climates. Furthermore, they can be scheduled to open and close at specific times. Based on these trends, electric window blinds will expand at over 5% CAGR until 2031.

Competitive Landscape

Prominent manufacturers are reliant on such expansion strategies as acquiring existing small-scale market players, launching new products and forging collaborations with notable manufacturers. Prominent developments in the industry are as follows:

• In January 2021, Springs Window Fashions declared its intent to purchase B&C International, one of Europe's major window treatment providers. B&C makes custom and ready-made window treatments under the Bece, Decosol, and private label brands in the Netherlands.
• In 2018, Hunter Douglas Inc. launched a revolutionary blackout technology- the Dutette® LightLockTM system, which is engineered to prevent light leakage at the window. These honeycomb shaped shades use unique U-shaped side channels which overlap the front and back shades. 

Report Scope

Report Attributes	Details
Market Size Value in 2021	USD 2.6 Billion
Market Value Forecast in 2031	USD 4 Billion
Growth Rate	CAGR of 4.4% from 2021-2031
Forecast Period	2021-2031
Historical Data Available for	2016-2020
Key Regions Covered	North America Latin America Europe East Asia South Asia Oceania Middle East & Africa
Key Segments Covered	Product Type Window Pane Operation Application Sales Channel Region
Key Companies Profiled	Hunter Douglas Inc. Blinds to Go Inc. Ching Feng Home Fashions Co. Stevens Scotland Ltd. Budget Blinds Inc. Elite Window Fashions Innovative Openings Inc. Rainbow Blinds Ltd. JASNO Shutters BV Next Day Blinds Corporation Stoneside LLC Springs Window Fashion LLC Hillary’s Blinds Ltd. Advanced Window Products Inc. Canadian Blind Manufacturing Inc. Aluvert Blinds

Key Segments Covered

• Product Type

  • Horizontal Window Blinds
  • Vertical Window Blinds
  • Roman Window Blinds
  • Roll Up Window Blinds

• Window Pane Operation

  • Manually Operated
  • Electrically Operated

• Application       

  • Residential
  • Commercial
  • Industrial

• Sales Channel

  • Hypermarkets/Supermarkets
  • Specialty Stores
  • Independent Retailers
  • Online Sales
    • Company Websites
    • 3rd Party Online Sales