Blinds Market Size
|Study Period||2019 - 2028|
|Base Year For Estimation||2022|
|CAGR||> 3.50 %|
|Fastest Growing Market||Asia Pacific|
|Largest Market||North America|
*Disclaimer: Major Players sorted in no particular order
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Blinds Market Analysis
The blinds market is expected to register a CAGR of more than 3.5% during the forecast period of 2021-2026. The outbreak of the coronavirus disease (COVID-19) acted as a massive restraint on the blinds manufacturing market in 2020, as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. Steps by national governments to contain the transmission have resulted in the halting of manufacturing activities and a decline in economic activity with countries entering a state of lockdown, and the outbreak was expected to continue to have a negative impact on businesses throughout 2020 and into 2021.
The real estate industry has witnessed high growth over the past few years, owing to which the value of residential construction is increasing. As the number of houses increases, the demand for window coverings also increases, which is boosting the demand for window blinds. An increase in the spending of households is also a key factor driving the window blinds market. Blinds are window coverings made up of several long vertical or horizontal slats of various hard materials such as plastic, wood, and metal. These slats are bound together by cords that run through the blind vanes. These vanes or slats tumble down as the blind is lowered or can be pulled to the side of a window to stack lengthwise. These slats or louvers are individually attached together to create a complete blind. They are meant to stay tightly closed for light control and privacy and can be tilted or adjusted at different angles to limit the light from entering. Key parameters for selecting window blinds include material, quality, and cost. The rise in commercial and residential development drives the window blinds market. The window blinds market is anticipated to expand at a considerable pace soon. The increase in popularity of smart homes and the rise in infrastructural development around the world are key factors that are expected to drive the market during the forecast period. Additionally, change in the interior design of residential and commercial spaces is also boosting the window blinds market. Commercial spaces are increasing in number, and these are closely maintaining their ambiance preference. Many office spaces maintain an office ambiance as they try to bring out their business strategies with employee health, performance, and wellness. The middle-class population prefers conventional curtains to cover windows over blinds due to the low prices of curtains. This is likely to restrain the window blinds market.
The window blinds market is witnessing an upsurge because of new innovations and developments in technology, which attracts many users to these products. Key players operating in the window blinds market are giving prime importance to adding innovative blinds to their product portfolios by carrying manufacturing advancements in technology and introducing product lines. Technological advancements available in the window blinds market include the use of remote control to lower or raise blinds. Moreover, automated blinds are available in cordless blinds, which can be easily handled. Smart blinds are the latest technology available in the market. These blinds can be controlled using mobile devices.
Blinds Market Trends
This section covers the major market trends shaping the Blinds Market according to our research experts:
Growth in the Residential Segment is Boosting the Blinds Market
Rapid urbanization, rise in residential development, and growing disposable income are responsible for an increase in housing starts and a strong interest in home renovation projects, which drive the window blinds market. The window blinds market is anticipated to expand at a considerable pace soon. The increase in popularity of smart homes and the rise in infrastructural development around the world are key factors expected to drive the window blinds market during the forecast period. Additionally, change in the interior design of residential buildings is also boosting the window blinds market. Residential remodeling and replacement may continue to account for the largest share of blinds' demand, as homeowners replace older blinds with newer products that offer enhanced visuals or improved functioning.
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The Asia-Pacific Region is Anticipated to Grow at a High Rate
Asia-Pacific ranks as the fastest-growing market with a significant growth rate over the forecast period, led by rapid urbanization. Rising disposable income of people, the expanding middle-class population and their changing attitude toward home decor, the use of remote control to lower or raise blinds, automated blinds, smart blinds controlled using mobile devices, and convenient, durable, safe, and attractive blinds are among the key factors supporting the demand for window blinds in this region.
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Blinds Industry Overview
The report covers the major international players operating in the blinds market. In terms of market share, a few of the major players currently dominate the market. However, with technological advancements and product innovations, mid-size to smaller companies are increasing their market presence by securing new contracts and tapping into new markets.
Blinds Market Leaders
Springs Window Fashions
*Disclaimer: Major Players sorted in no particular order
Blinds Market News
In January 2021, Springs Window Fashions announced that it plans to purchase B&C International, one of Europe's leading window treatment suppliers. Based in the Netherlands, B&C manufactures custom and ready-made window treatments sold under the Bece, Decosol, and private label brands. B&C's products are sold in several markets, including the Netherlands, France, Belgium, Denmark, and Norway.
In May 2017, Hillarys Blinds, the Colwick-based company, which employs 1,350 people in the United Kingdom, was sold for EUR 300 million to Hunter Douglas, one of the largest international window covering companies based in the Netherlands.
Blinds Market Report - Table of Contents
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain/Supply Chain Analysis
4.5 Porter's Five Forces Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 Product Type
5.1.1 Roller Blinds
5.1.2 Panel Blinds
5.1.3 Pleated Blinds
5.1.4 Roman Blinds
5.1.5 Vertical Blinds
5.1.6 Wood Blinds
5.1.7 Faux Wood Blinds
5.1.8 Aluminum Blinds
5.2 Material Type
5.2.1 Metal Blinds
5.2.2 Plastic Blinds
5.2.3 Synthetic Blinds
5.2.4 Other Material Types
5.3 Operation Type
5.3.1 Manual Window Blinds
5.3.2 Electric Window Blinds (Automated)
5.4 End User
5.5 Distribution Channel
5.5.3 Commercial Sales
5.5.4 Online Stores
5.6.1 North America
5.6.4 South America
5.6.5 Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Hunter Douglas
6.2.2 Springs Window Fashions
6.2.4 Aspect Blinds
6.2.5 Aluvert Blinds
6.2.7 AWB - Advanced Window Blinds
6.2.8 Elite Window Fashions
6.2.9 Canadian Blind Manufacturing Inc.
6.2.10 Next Day Blinds Corporation
6.2.11 3 Day Blinds LLC*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Blinds Market Research FAQs
What is the current Blinds Market size?
The Blinds Market is projected to register a CAGR of greater than 3.5% during the forecast period (2023-2028).
Who are the key players in Blinds Market?
Hunter Douglas, Springs Window Fashions, Hillarys, Aspect Blinds and Aluvert Blinds are the major companies operating in the Blinds Market.
Which is the fastest growing region in Blinds Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2023-2028).
Which region has the biggest share in Blinds Market?
In 2023, the North America accounts for the largest market share in the Blinds Market.
Blinds Industry Report
Statistics for the 2023 Blinds market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Blinds analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.