Blinds & Shades Market Value to Exceed US$ 20 Bn by 2029
The blinds & shades market has been growing in line with increasing construction and renovation projects in residential and commercial sectors. In addition, cutting-edge solutions, including automated blinds & shades are creating newer prospects in the market. As expenditure on home décor items continues to rise, worldwide sales of blinds & shades will reach around US$ 20 Bn in the next decade. In its recent study, Future Market Insights (FMI) reveals that the overall growth of blinds & shades will remain modest throughout the forecast period (2019-2029).
Frequently Asked Questions About blinds & shades market
What are the blinds & shades revenue opportunities, and how will it develop over the next 10 years?
As of 2018, the global blinds & shades market revenue was valued at US$ 12 Bn. The market revenue is poised to grow at a CAGR of 4.4% over the forecast period 2019-2029.
What are the factors affecting the growth of the blinds & shades market?
Consumers inclining towards custom blinds & advanced window coverings for aesthetic appeal and continuous technological innovation to improve the product performance and functionality are the key factors impacting blinds & shades market growth. Further, the introduction of energy-efficient smart-glass based window shade as a replacement for electronic window shades are expected to drive the growth of the market.
How are smart windows accelerating sales of blinds & shades?
Smart windows are leaping the sales of blinds & shades due to growing innovations such as windows controlled by a click of a button using rechargeable batteries and voice-activated window coverings.
Which type of blinds and shades are expected to gain maximum traction?
Venetian blinds and shades will continue to remain as the most consumer-favorite and cost-effective product. Although Venetian shades generate maximum revenue, demand for roman blinds/shades are expected to pick a pace and register a CAGR of 4.3% over the forecast period.
Which region is expected to promise lucrative growth opportunities for manufacturers?
East Asia’s market accounted for a revenue share of 27% in 2018 and will continue to showcase maximum growth opportunities for the manufacturers over the forecast period. This growth is attributed to the growing preference for premium products by customers, surging adoption of household appliances, and robust growth of the construction industry.
Which is the most prominent trend augmenting the blinds & shades market?
Emergence of perovskite-tinted windows is considered as a prominent trend that is expected to fuel up the demand for blinds & shades. These windows stay clear during cold days and turn dark during hot summer sun, and simultaneously generates electricity or harvest power like solar cells.
Roman Shades/Blinds Account for a Fourth of Total Sales
By 2019 end, sales of roman blinds/shades would value around US$ 3 Bn, which account for nearly 1/4th of total sales of blinds and shades. While significant sales of roman blinds/shades will be sustained in developing regional markets, venetial blinds, on the other hand, would see promising sales growth in the near future. Demand for venetial blinds will however remain prominent in developed regional markets. Mini blinds and micro blinds are also gathering traction.
Market in Asia to Witness Quantum Leap
Poised for a collective revenue generation of over US$ 10 Bn by the end of 2029, East and South Asia will be in the vanguard of the blinds & shades market. Their primacy in global market is attributed to the strong presence of local manufacturers and burgeoning online retail ecosystem. China and India are spearheading these regional markets, respectively, with the latter set to approach US$ 4 Bn over the next decade. Middle East & Africa (MEA) is emerging lucrative with multiple white spaces, whereas sales in developed regions would lag in terms of growth rate.
* This data is only a representation. Actual data may vary and will be available in report.
Automated Blinds & Shades Define the Future
As convenience and personalization remain of paramount importance, market players must realign their strategies in the form of product innovation. Leading players are accelerating their shift towards automated blinds & shades, for instance, IKEA has developed remote-controlled blinds equipped with voice recognition features and a smart lightning kit. These automated shades can also be controlled via smartphones for customized experience and are compatible with AI-enabled virtual assistant, including Alexa, and Google Assistant.
Surging demand for shades/blinds
Venetial blinds garnering traction
Synthetic remains highly preferred
Natural to pick pace
Significant adoption in residential
Demand from commercial growing steadily
Maximum sales via offline
Sales through online to accelerate
How Growth will Unfold
Offline channels currently account for a major market share, where sales of blinds & shades will soon surpass the mark of US$ 10 Bn. Despite rapid E-commerce expansion influencing stakeholders to sell online, customers still prefer brick and mortar stores. 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.
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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Blinds & Shades Market Analysis 2019-2029
A recent market study published by FMI on “Blinds & Shades Market: Global Industry Analysis 2014-2018 and Opportunity Assessment 2019-2029” offers a comprehensive assessment of the most important market dynamics. After conducting thorough research on historic as well as current growth parameters, growth prospects of the market are obtained with maximum precision.
Blinds & Shades Market Taxonomy
The global Blinds & Shades market is segmented in detail to cover every aspects of the market and present a complete market intelligence approach to readers.
- Roller Shades
- Vertical Shades/Blinds
- Panel Blinds
- Roman Shades/Blinds
- Venetian Blinds
- Venetian Blinds
- Pleated Shades
- Others (Mini Blinds, Micro Blinds, etc.)
Mode of Operation
- Online (Company Owned Portal, Ecommerce Portal)
- Offline (Hypermarket, Specialty Stores, Departmental Stores, Others)
- North America
- Latin America
- South Asia
- East Asia
- Middle East & Africa
The report commences with the executive summary of the Blinds & Shades market, which includes a summary of key findings and key statistics of the market. It also includes market value (US$ million) estimates of leading segments in the Blinds & Shades market.
Readers can find the detailed taxonomy and definition of the Blinds & Shades market in this chapter, which will help them understand the basic information about the market. This section also highlights the inclusions and exclusions, which helps the reader in understanding the scope of the Blinds & Shades market report.
The report provides key market trends that are expected to impact market growth significantly during the forecast period. Detailed industry trends are provided in this section, along with key market developments or product innovations.
This section includes brand positioning key sales differentiator, mergers and acquisitions across the value chain, category performance by product type, etc.
This section includes key inclusions of the report. It offers product adoption and usage analysis, effective quality control, establishment of export markets and opportunity analysis, and strategies followed by manufacturers for market expansion.
This section provides detailed analysis of the historical Blinds & Shades market volume, along with an opportunity analysis of the future. Readers can also find the absolute opportunity for the current year (2019–2020), and an incremental opportunity for the forecast period (2019-2029).
This chapter highlights the pricing analysis based on product type for base year 2018 and forecast year 2029.
This chapter includes the detailed analysis of the historical Blinds & Shades market value, along with an opportunity analysis of the future. Readers can also find the absolute opportunity for the current year (2019–2020), and an incremental opportunity for the forecast period (2019 – 2029).
This chapter explains key macroeconomic factors that are expected to influence the growth of the Blinds & Shades market over the forecast period. Along with macroeconomic factors, this section also highlights the opportunity analysis for the market. It also offers key market dynamics of the Blinds & Shades market, which include drivers, restraints, and trends. Moreover, it will help readers understand key trends followed by leading manufacturers in the Blinds & Shades market.
Based on product, the Blinds & Shades market is segmented into roller shades, vertical shades/blinds, panel blinds, roman shades/blinds, venetian blinds, venetian blinds, pleated shades and others (mini blinds, micro blinds, etc.). In this chapter, readers can find market attractiveness analysis, based on product.
This chapter provides various details about the Blinds & Shades market on the basis of material, and has been classified into natural and synthetic. In this chapter, readers can understand the market attractiveness analysis, based on material.
This chapter provides details about the Blinds & Shades market on the basis of price range, and has been classified into manual and automatic along with market attractiveness analysis.
This chapter provides details about the Blinds & Shades market on the basis of sales channel, and has been classified into offline and online. Offline sales channel is further bifurcated into hypermarket, specialty stores, departmental stores, others. Online sales channel is further bifurcated into company owned portal and ecommerce portal, along with market attractiveness analysis.
This chapter provides details about the Blinds & Shades market on the basis of application, and has been classified into residential and commercial along with market attractiveness analysis.
This chapter explains how the Blinds & Shades market will grow across various geographic regions, such as North America, Latin America, Europe, East Asia, South Asia and Pacific, and the Middle East and Africa (MEA).
This chapter includes a detailed analysis of the growth of the North America Blinds & Shades market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on product type, fabric, mode of operation, distribution channel, application and countries in North America.
Readers can find detailed information about several factors, such as pricing analysis and regional trends, which are impacting the growth of the Latin America Blinds & Shades market. This chapter also includes growth prospects of the market in leading LATAM countries such as Brazil, Mexico, Argentina, and the rest of Latin America.
Important growth prospects of the Blinds & Shades market in several countries such as Germany, the UK, France, Spain, Italy, Russia, and the rest of Europe are included in this chapter.
India, Thailand, and Malaysia are leading countries in the South Asia region, which are prime subjects of assessment to obtain growth prospects of the market. Readers can also find detailed information about growth parameters of the South Asia Blinds & Shades market during the forecast period.
This chapter highlights the growth of the Blinds & Shades market in East Asia by focusing on China, Japan, and South Korea. This section also helps readers in understanding key factors that are responsible for the growth of the Blinds & Shades market in East Asia.
This chapter highlights the growth of the Blinds & Shades market in Oceania by focusing on Australia and New Zealand. This section also helps readers in understanding key factors that are responsible for the growth of the Blinds & Shades market in Oceania.
This chapter provides information about how the Blinds & Shades market will grow in major countries of the MEA region, such as GCC Countries, South Africa, Israel, and the rest of MEA, during the forecast period.
This chapter provides information market analysis of companies, market concentration of companies, market share of top players and their presence.
In this chapter, readers can find a comprehensive list of all leading stakeholders in the Blinds & Shades market, along with detailed information about each company, which include the company overview, revenue shares, strategic overview, and recent company developments. Some market players featured in the report are Ching Feng Home Fashions Co., Ltd., Griesser AG, Hunter Douglas NV Lafayette Venetian Blind Inc., Legrand, Lutron Electronics Company, Mechoshade Systems LLC., Nien Made Enterprise Co. Ltd., Persianas Canet S.A, Qmotion Shades Schenker Storen AG, Solarfective Products Limited, Springs Window Fashions, LLC TOSO CO. LTD. and others.
This chapter helps readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the Blinds & Shades market.
How the research was conducted?
Primary research interviews with key opinion leaders and other participants were conducted for data collection and validation of the below information:
- Newt development in Blinds & Shades manufacturing
- Leading players for each brand labels for Blinds & Shades
- Key strategies followed by Blinds & Shades manufacturers
- Average Selling Price (US$) and market growth for Blinds & Shades
- Key developments in Blinds & Shades market
- Key trends and opportunities
- Region-wise dynamics
- Market share information
- Competition & key vendor strategies of Blinds & Shades
- Home furnishing Association HFA
- Gift and Home Trade Association
- Trade Map
- American Home Furnishings Alliance: AHFA
- International Casual Furnishings Association
- Textile Machinery Manufacturers Association, TMMA
Primary Interview Splits
Blinds & Shades Market Reports - Table of Contents
21. Assumptions and Acronyms Used
22. Research Methodology