Fact.MR has recently published an extensive report on the window blinds market, projecting a valuation of US$ 4 Bn by the end of the 2021-2031 forecast period. By 2021-end, the market is forecast to reach US$ 2.6 Bn. Demand for electrically operated window blinds is likely to surge, as energy efficiency concerns acquire precedence, registering a CAGR of 5% by 2031.
Key Points Covered in Window Blinds Industry Analysis
- Market estimates and forecast 2016-2031
- Key drivers and restraints impacting market growth
- Segment-wise, Country-wise, and Region-wise Analysis
- Competition Mapping and Benchmarking
- Brand share and Market Share Analysis
- Key Product Innovations and Regulatory Conditions
- COVID-19 Impact on Window Blinds and How to Navigate
- Recommendation on Key Winning Strategies
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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.
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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.
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.
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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.
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.
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Market Size Value in 2021
USD 2.6 Billion
Market Value Forecast in 2031
USD 4 Billion
CAGR of 4.4% from 2021-2031
Historical Data Available for
US$ Mn for Value & Mn Units for Volume
Key Regions Covered
Key Countries Covered
Key Segments Covered
Key Companies Profiled
Available upon Request
Key Segments Covered
- Horizontal Window Blinds
- Vertical Window Blinds
- Roman Window Blinds
- Roll Up Window Blinds
Window Pane Operation
- Manually Operated Window Blinds
- Electrically Operated Window Blinds
- Residential Window Blinds
- Commercial Window Blinds
- Industrial Window Blinds
- Specialty Stores
- Independent Retailers
- Online Sales
- Company Websites
- 3rd Party Online Sales
Window Blinds Market- Scope of Report
A recent study by Fact.MR on the window blinds market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with offering window blinds.
The study also provides the dynamics responsible for influencing the future status of the window blinds market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the window blinds market, along with their product portfolios, enhances the reliability of this comprehensive research study.
The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of window blinds across the globe.
A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of window blinds during the forecast period. Price point comparison by region with global average price is also considered in the study.
Key Questions Answered in Report
- Which are the most lucrative window blinds markets?
- How will changing trends impact the strategies of market players?
- How can market players capture the low-hanging opportunities across regions?
- Which companies are leading the window blinds industry?
- What are the winning strategies of stakeholders in the market?
Analysis on Market Size Evaluation
The market has been analyzed for each segment in terms of volume (Mn Units) and value (US$ Mn).
Estimates at global and regional levels for window blinds are available in terms of “US$ Mn” for value and in “‘000 Units” for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report.
Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global window blinds market.
Inspected Assessment on Regional Segments
Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the window blinds market during the forecast period
Country-specific valuation on demand for window blinds has been offered for each region, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value & volume for emerging countries has also been included in the report.
In-depth Analysis on Competition Analysis
The report sheds light on leading manufacturers of window blinds, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in offering window blinds has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.
Company profiles have been included in the report, which include essentials such as product portfolios and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the window blinds domain.
In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the window blinds industry, and reach conclusions on the future growth parameters. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the drawn conclusions.
Secondary resources referred to by analysts during the preparation of the market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of the research report as a primary resource.
- FAQs -
By 2021, the market for window blinds will likely reach US$ 2.6 Bn, according to Fact.MR
From 2016-2020, window blinds sales expanded at around 5% value CAGR
By 2031, window blinds sales are projected to reach US$ 4 Bn
According to Fact.MR, window blinds growth trajectory will be valued at 4.4% CAGR
Increasing emphasis on attaining energy efficiency across buildings is prompting adoption of insulating window blinds
Growing construction of green buildings will likely augment growth prospects for window blinds
North America is anticipated to contribute 35% revenue to the global market for window blinds
South Asia is the fastest expanding window blinds market, registering a CAGR of 5.5%
Yes. Europe is the largest market for window blinds, generating 50% of global revenue
Roll-up window blinds will be highly preferred, contributing nearly 2/5th of the market share
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
Who are the respondents for primary research?
Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.
Is a sample of this report available for evaluation?
Yes, you can request a sample, and it will be sent to you through an email.