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Blinds & Shades Market

Blind & Shades Market By Product Type (Roller Shades, Vertical Shades/Blinds, Panel Blinds, Roman Shades/Blinds, Venetial Blinds), Fabric (Natural & Synthetic), Mode of Operation (Manual & Automated), Sales Channel (Online, Offline) & Region - Forecast to 2022 - 2029

Blind & Shades Market By Product Type (Roller Shades, Vertical Shades/Blinds, Panel Blinds, Roman Shades/Blinds, Venetial Blinds), Fabric (Natural & Synthetic), Mode of Operation (Manual & Automated), Sales Channel (Online, Offline) & Region - Forecast to 2022 - 2029

Blind & Shades Market - Analysis, Outlook, Growth, Trends, Forecasts

Blind & Shades Market - Overview

[300 pages Report]  As per newly released data by Future Market Insights (FMI), the blind & shades market is estimated at US$ 14.2 Bn in 2022 and is projected to expand at a CAGR of 4.4% during the forecast period from 2022 to 2029.

Attribute

Details

Estimated Blind & Shades Market Size 2022

US$ 14.2 Bn

Projected Blind & Shades (2029) Market Size

US$ 19.4 Bn

Value CAGR (2022-2029)

4.4%

Blind & Shades Market Top Players Share in 2021.

10-%-15%

 In the past half decade the market grew at a CAGR of 3.4% from 2014 to 2021. Share of blind & shades market in its parent market (window covering market) is close to ~40%.

Key Points Covered in Blind & Shades Market Survey

  • Market estimates and forecast 2022-2029
  • 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 Climate
  • COVID-19 Impact on Global Blind & Shades Market and How to Navigate
  • Recommendation on Key Winning Strategies

2014-2021 Global Blind & Shades Market Outlook Compared to 2022-2029 Forecast

People consider blinds and shades to be popular window covering alternatives since their covers efficiently stop the sun's rays from entering the room. Blinds and shades come in a variety of styles and colors to meet the needs of a wide range of customers. As a result, many homeowners are installing waterproof and wind-resistant exterior shades to keep precipitation out of their homes.

Energy Saving Feature Gaining Customer Attention

Innovative energy saving features in blinds and shades, such as smart solar shades and automated honeycomb shades have encouraged customers to install these in green building infrastructure. Moreover, this is expected to significantly support concept of smart buildings coupled with distributed energy systems. On the other hand, growing customer’s inclination towards eco-friendly products such as blinds made of natural fibers is positively influencing growth of the blinds and shades market. Growing consumer awareness about sustainable or eco-friendly products are projected to support consumers’ buying behavior in the blind & shades market.

Customization of Products: A Strategic Move by Manufacturers Operating in Blind & shades Market

Customizing product according to consumer’s needs is the key strategy followed by the key manufacturers in the blind & shades market. Some of them are blackoCut cellular shades offered by Levolor, light filtering cellular shades offered by Bali, etc. Adding color and texture for home décor are boosting installation of layered and energy saving window blinds and shades. Moreover, customized functionality offered along with varying product materials for consumer-preferred demands such as light control are expected to fuel growth of the global blinds and shades market.

Restraints to Stunt Blind & Shades Market Growth

Blinds and shades are inexpensive. However, their substitutes are available in the market. Some of their substitutes are less expensive, such as tie-up curtains, window film, roller and shutter, grass shades, etc. some of the products are inexpensive and some products have more shelf life. Roller shutter have more shelf life and provides more safety as compared to blind & shades.

Some of the regional players in the blind & shades market are copying the designs of the key manufacturers. These type of activities are challenging growth of the key manufacturers in the global blind & shades market. However, through increasing customer awareness through campaign and advertisement key manufacturer can overcome this challenge and capitalize on new opportunities in the blind & shades market.

Country-wise Insights

Will Product Innovations in US boost the Demand in Blind & shades?

US is considered as a lucrative market for blind & shades and is expected to register a significant CAGR of 2.2%. According to the US Census Bureau, public residential buildings construction spending in October 2021 was anticipated to be $1,598.0 billion on a seasonally adjusted yearly basis. In the United States, such large investments are predicted in home décor and house upgrades, which is expected to drive demand for blinds and shades.

How will the Blind & Shades Business Expand across India?

Indian blind & shades business are expected to rise at an impressive CAGR of 5.7%. The idea of green buildings has got a lot of attention around the world, particularly in South Asia, because of rising energy efficiency concerns. Furthermore, the country's need for blinds and shades is likely to increase as green building initiatives become more prevalent in the country.

What are the Growth Opportunities for Blind & shades Providers across China?

The market of blind & shades in China are expected to grow at CAGR of 5.4%. China is both a major distributor and a major provider of blinds and shades. China's blinds and shades producers are working hard to provide novel goods at affordable rates that will appeal to customers all around the world. As a result of product advancements, growth potential for Chinese providers of blinds and shades are likely to increase.

Category-wise Insights

How is Roman Blind & Shades Faring within the Market?

In terms of product type, roman blind/shades segment is expected to rise at a CAGR of 5.0%. Roman shades are formed of a single piece of fabric that runs the length of the window. These roman shades feature horizontal folds along the length of them. When pulled up, the soft folds of fabric fold into a gorgeous pelmet. In many modern homes, roman shades are a common window treatment. They're available in a variety of fabrics and other materials, and they can be driven with a standard cord or chain drive mechanism.

Will Mode of Operation in Blind & Shades Drive the Market Sales?

According to the analysis, in terms of mode of operation the automated segment is predicted to grow at a considerable CAGR of 6.1% from 2022 to 2029. By simply opening and closing them at pre-programmed hours, smart and motorized blinds and shades can assist control solar gain and heat loss in houses throughout the day. Blinds and shades with smart sensors can efficiently learn when to open and close in response to temperature and sunlight, maximizing the HVAC system's energy efficiency.

Which Application Holds a Lucrative Avenues for Blind & shades?

In terms of application, residential segment is expected to register the significant CAGR of 4.7% from 2022 to 2029 and is expected to remain dominant over the forecast period.

Blind & Shades are important in providing energy-efficient security at homes, and with continued growth and advancements in the product, insulation, which is most commonly required in harsh weathers, is garnering a large consumer base for the blinds and shades market. The number of construction activity in the residential and non-residential sectors has increased dramatically. In addition, prior years have seen an increase in the number of home renovations and people attempting to improve their lifestyles.

Will Online Retailing become the Most Prominent Sales Channel for Blind & shades?

According to the analysis, online retailing is predicted to dominate over the forecast period, with a CAGR of 6.1%. As a result of the epidemic, consumer preferences have changed due to variety of offerings through online channel with free gifts, heavy discount offerings etc. As a result, the players in the market are even focused to expand their online presence globally through building their e-commerce websites.

Under offline sales channel, sales would be concentrated in hypermarkets and specialty stores. However, online sales channel will gather momentum during the latter half of projection period. Manufacturers are thus relying on E-commerce leaders as well as company-owned online stores for effective distribution and sales.

Competitive Landscape

Leading players operating globally in the market are focusing on business expansion, development, and new product launches in order to expand their business globally.

For instance:

  • In 2019, Ching Feng Home Fashions Co Ltd planned to transfer 20 percent of its Zhenjiang, China plant’s capacity for shades and home textiles to its new plants in Taiwan and Vietnam early next year in light of tariffs imposed by the US on China-made products.

Scope of Report

Attribute

Details

Forecast Period

2022-2029

Historical Data Available for

2014-2021

Market Analysis

USD Million for Value

Key Regions Covered

North America, Latin America, Europe, East Asia,

South Asia, Oceania & MEA

Key Countries Covered

United States, Canada, Brazil, Mexico, Germany, U.K., France, Spain, Italy, Russia, South Africa, Northern Africa GCC Countries, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia & New Zealand.

Key Segments Covered

Product Type, Source, End Use, Sales Channel and Region.

Key Companies Profiled

Report Coverage

Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Customization & Pricing

Available upon Request

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Global Blind & Shades Market by Category

By Product Type:

  • Roller Shades
  • Vertical Shades/Blinds
  • Panel Blinds
  • Roman Shades/Blinds
  • Venetian Blinds
  • Pleated Shades
  • Others (Mini Blinds, Micro Blinds, etc.)

By Fabric:

  • Natural Blind & Shades
  • Synthetic Blind & Shades

By Mode of Operation:

  • Manual Blind & Shades
  • Automatic Blind & Shades

By Application:

  • Residential
  • Commercial

By Distribution Channel:

  • Online
    • Company Owned Portal
    • Ecommerce Portal
  • Offline
    • Hypermarket
    • Specialty Stores
    • Departmental Stores
    • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

Key Questions Answered in the Report

What is the current blind & shades market value?

The global blinds & shades market is likely to reach a valuation of US$ 14.2 Bn in 2022.
The global blind & shades market grew at a sluggish 3.4% CAGR between 2014 and 2021.
Growing popularity of online stores, new product launches, and increasing mergers and acquisitions etc. are the key trends in the market.
Leading players operating in the global blind & shades market are Ching Feng Home Fashions Co., Ltd., Griesser AG Electrocomponents PLC, Hunter Douglas NV, Lafayette Venetian Blind Inc., and Legrand among others.
The North America blind & shades market is projected to grow at a 2.0% CAGR over the forecast period.
Leading players in the global blind & shades market are estimated to account for approximately ~10%-15% of the total market share.
The Europe blind & shades market is anticipated to expand at 2.8% CAGR over the forecast period.

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