Blinds And Shades Market Research, 2031
The global blinds and shades market size was valued at $10.5 billion in 2021, and is projected to reach $15.1 billion by 2031, growing at a CAGR of 3.8% from 2022 to 2031. Blinds and shades are protective coverings designed to protect windows from dirt to regulate the amount of light entering a room. Blinds are hard window coverings made with horizontal slats, where as shades are made of one or more pieces of fabric. It provides various features such as dirt resistant, water resistant, highly durable, insulation, controls the light and maintain the privacy.
Rise in construction of residential and commercial buildings, is expected to boost the blinds and shades market growth. Rapid urbanization and rise in living standards of people fuel the demand for blinds and shades. As per the World Urbanization Prospect reports, approximately 54% population belonged to urban & municipal places in 2014, which is expected to reach 66% by 2050, thereby fueling the demand of blinds and shades market. Furthermore, rise in standard of living of people boosts the demand for renovation & remodeling construction projects. Moreover, renovation and reconstruction of existing homes and commercial properties are expected to drive the market growth. For instance, the European Commission announced the "Renovation Wave" initiative for public and private buildings in 2020, with the goal of significantly increasing renovation rates across the EU and providing a framework for renovation to support green building. The plan states that the additional investment needed to reach EU 2030 energy and climate targets is around $385 billion annually, with approximately $295 billion for residential and $90 billion for public buildings. Hence, such factors drive the blinds and shades market growth.
Blinds and shades are suitable for residential and commercial buildings as they improve the aesthetic appeal and offer superior insulation. In addition, these blinds and shades possess thermal insulation, water resistant, heat resistant, durability and energy conservation properties, which are expected to boost their adoption during the forecast period. However, availability of substitutes is expected to restrain the growth of the market.
Major players have adopted various strategies such as product launch and acquisition to sustain the competition and improve the product portfolio. For instance, in May 2022, Bed Bath & Beyond Inc. launched its own brand named ever home, which is offering versatility of products through its clean aesthetic, refreshing color palette and airy design. In this they mainly classified its products under for categories, bedding, bath, outdoor and indoor decor. Under the indoor decor it providing window treatment products such as newly design blinds and shades.
On the basis of product type, the roller shades segment generated the highest revenue in 2021, owing to rise in awareness towards the protection of UV rays is expected to boost the demand of roller shades.
On the basis of application, the residential segment accounted for the highest revenue in the global market in 2021, owing to the features of blinds and shades such as prolonged durability, design flexibility, and easy installation.
On the basis of region, Asia-Pacific registered the highest share of the global blinds and shades market share in 2021, owing to strong economic growth, rapid urbanization, and presence of large population base. Moreover, Asia-Pacific is expected to register the highest CAGR during the blinds and shades market forecast period.
The novel coronavirus (COVID-19) rapidly spread across various countries and regions in 2019, causing an enormous impact on lives of people and the overall community. It began as a human health condition and has now become a significant threat to global trade, the economy, and finance. The COVID-19 pandemic halted the production of many products in blinds and shades market, owing to lockdowns. Furthermore, the number of COVID-19 cases is expected to reduce in the future with the introduction of the vaccine for COVID-19 on the market. This has led to the reopening of blinds and shades companies to their full-scale capacities. This is expected to help the market recover by the end of 2022. After COVID-19 infection cases begin to decline, blinds and shades producers must focus on protecting their staff, operations, and supply networks to respond to urgent emergencies and establish new methods of working.
The blinds and shades market is segmented into Product Type, Fabric and Application. On the basis of product type, the market is segmented into vertical shades/blinds, roller shades, roman shades/blinds, pleated shades, venetian blinds and others. On the basis of fabric, the market is divided into natural and synthetic. On the basis of application, the market is divided into residential and commercial. Region wise, the global market analysis is conducted across North America, Europe, Asia-Pacific, and LAMEA.
Competition Analysis
The key players that operate in the blinds and shades industry are Bed Bath & Beyond Inc., Blinds.com, Draper Inc., Hunter Douglas N.V, Lafayette Venetian Blind Inc., Legrand, Royal Blinds LLC., Select Blinds Canada, Springs Window Fashions, LLC Vertilux Corporation.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the blinds and shades market analysis from 2021 to 2031 to identify the prevailing blinds and shades market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the blinds and shades market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global blinds and shades market trends, key players, market segments, application areas, and market growth strategies.
Blinds and Shades Market Report Highlights
| Aspects | Details |
 Market Size By 2031 | USD 15.1 billion |
 Growth Rate | CAGR of 3.8% |
 Forecast period | 2021 - 2031 |
 Report Pages | 198 |
 By Product Type |
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 By Fabric |
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 By Application |
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 By Region |
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 Key Market Players | Lafayette Venetian Blind Inc., Select Blinds Canada, Legrand Group, Vertilux Corporation, Springs Window Fashions, LLC, Hunter Douglas N.V, Blinds.com, Draper Inc., Royal Blinds LLC., Bed Bath & Beyond Inc. |
Analyst Review
The blinds and shades market has observed huge demand in North America, Asia-Pacific, and Europe. Asia-Pacific is projected to register significant growth in near future owing to strong economic growth, rapid urbanization, and presence of large population base significantly contributing toward the growth of the blinds and shades market in Asia-Pacific. Moreover, advancements by industry players, increase in residential & commercial construction activities, and upsurge in home renovation & remodeling expenditures propel the global blinds and shades market growth. The roller shades segment accounted for the majority of the market share in 2021, owing to rise in awareness toward the protection of UV rays is expected to boost the demand for roller shades, which results in boosting the blinds and shades market growth.
Various market players have adopted strategies such as product launches, business expansions, acquisition, and agreements to expand their business and strengthen their market position. For instance, in August 2021, Springs Windows Fashions has launched vitale, a new brand of custom window treatment that offers blinds and shades which is a solution oriented, simplified selection of products a range of colors and styles. It provides the perfect product for the value conscious homeowner seeking beautiful, custom window treatments with a level of design. As a result, such strategic moves are expected to provide lucrative growth opportunities in the global blinds and shades market.
The global blinds and shades market size was valued at $10,532.0 million in 2021.
The global blinds and shades market size is projected to reach $15,056.4 million by 2031.
The rise in residential and commercial constructions and increase in spendings on home remodeling are the upcoming trends of Blinds and Shades Market in the world.
The residential segment is the leading application of Blinds and Shades Market.
The Asia-Pacific is the largest regional market for Blinds and Shades.
The product launch is key growth strategy of blinds and shades industry players
The residential and non-residential are the application of Blinds and Shades market
The company profile has been selected on factors such as geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.
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