Window Coverings Market Size

Window Covering Market Analysis

The Window Coverings Market size is estimated at USD 27.64 billion in 2024, and is expected to reach USD 34.87 billion by 2029, growing at a CAGR of 4.76% during the forecast period (2024-2029).

The need for energy-efficient window coverings in residential and commercial buildings is credited with this growth. The market is divided into sections for solar screens, window blinds, and curtains and drapes. Window blinds are the second most popular window covering after curtains and drapes.

With rapid urbanization worldwide, homes are being adapted and re-designed to hold communal and private spaces that follow the concept of shared living. This worldwide to newer opportunities for vendors in the market studied in the development and consumption across the residential and commercial sectors. The interior shutters, blinds, and shades lead most shareholding across the window coverings.

The applications of window coverings have evolved from assisting in the privacy of interior spaces to acting as a critical home décor factor. Also, With the outbreak of COVID-19, the home renovation trends significantly increased, but the market vendors reported decreased sales from the custom window covering format. This was in line with the restrictions on home visits and transport and logistics restrictions. As the restrictions were eased down and home renovations were rising, it was anticipated to rise in the post-pandemic environment.

The possible benefits of the widespread installation of energy-efficient window shades are huge. According to Attachments Energy Rating Council (AERC), older homes and window systems typically account for 25% of annual heating and cooling costs but can be responsible for as much as 40%. This means many homeowners spend more money on heating and air conditioning than necessary. DOE research has proven that window attachment products have the potential to reduce energy usage significantly.

As curtains are a traditional and long-standing part of home décor globally, European imports of natural fiber curtains depict increased production capabilities. As over 50% of imports come from developing countries, the United Kingdom, France, and Germany-based manufacturers are witnessing production ramp-ups, aided by stabilized import activities.

The adoption of smart windows solutions brings home the interior experience with blinds and curtains, significantly improving comfort and convenience while always maintaining the right balance of natural and artificial light; the well-being of occupants and everyday conveniences are maximized.

Moreover, with government initiatives looking at increasing home building and renovations across multiple regions, the market for wall coverings is expected to grow. For instance, NHBC stated that the number of new homes registered to be built in the United Kingdom in 2019 rose by 1%, accounting for 161,022 homes being registered with the organization. Additionally, the government is planning for private housebuilders, housing associations, and councils to ramp up the annual construction to 300,000 a year by 2025.

However, the industry has seen a variety of restrictions regarding corded window coverings. Over the past three decades, a department of the Canadian government called Health Canada has been striving to reduce the hazards related to corded blinds in Canada. This effort was motivated by the rising number of child fatalities from this risk. Governments in developing nations are anticipated to enact similar laws in the upcoming years to safeguard kids from this potential risk. From a production perspective, it is crucial to adapt to these new laws to maintain competitiveness in the fiercely competitive market area.