USD 6.44 billion
Report ID:
SQMIG25AH2010 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
183
|Figures:
75
Global Curtains and Window Blinds Market size was valued at USD 6.44 billion in 2022 and is poised to grow from USD 6.77 billion in 2023 to USD 10.04 billion by 2031, growing at a CAGR of 5.06% in the forecast period (2024-2031).
The curtains and window blinds market is poised for growth, driven by several key factors that are expected to shape the industry during the forecast period. The increasing popularity of smart homes and the ongoing infrastructural development worldwide play a pivotal role in driving demand for window blinds.
Furthermore, the evolving interior design trends in both residential and commercial spaces are contributing to market expansion, as spaces seek to create the desired ambiance for their occupants.
Global Market Size
USD 6.44 billion
Largest Segment
Blinds & Shades
Fastest Growth
Curtains & Drapes
Growth Rate
5.06% CAGR
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The global Curtains and Window Blinds market is segmented into three major segments i.e. by Material, Product, Distribution Channel, End-user, Price Range, Region. Based on Type the market is segmented into Blinds & Shades, Curtains & Drapes, Shutters. Based on Application the market is segmented into Residential and Commercial. Based on Material the market is segmented as, Cotton, Linen, Polyester, Wood, PVC, Metal. Based on Product the market is segmented as, Curtains and Drapes, Box Pleat Curtains, Pinch Pleat Curtains & Drapery, Goblet Pleat Curtains & Drapery, Eyelet (Grommet) Curtains & Drapery, Window Blinds, Venetian Blinds, Mini Blinds, Window Shades, Roman Shades, Roller Shades, Pleated Shades, Sheer Shades, Cellular Shades, Solar Screens, Connected. Based on Distribution Channel the market is segmented as, B2B, B2C, E-commerce. Based on End-user the market is segmented as, DIY, DIFM. Based on price range the market is segmented as, high, medium, low. Based on region the market is segmented as, North America, Europe, Asia Pacific, Latin America.
Analysis by Type
In 2022, the blinds and shades segment emerged as the leader in the market, commanding a significant 39.9% share of the global revenue. This dominance can be attributed to the remarkable advancements in the industry, especially the introduction of innovative blinds and the improved acoustic properties of honeycomb blinds. These developments have empowered end users to make substantial contributions to energy conservation and the reduction of carbon emissions.
The curtains and window blinds market is experiencing substantial growth, primarily fuelled by the surge in housing developments and a growing enthusiasm for home remodeling projects. This trend is a direct consequence of rapid urbanization, an upswing in residential construction, and the concurrent increase in disposable income. Within this market, the curtains and drapes segment is poised for remarkable expansion, with an anticipated Compound Annual Growth Rate (CAGR) of 8.1% from 2023 to 2030.
Analysis by Application
In 2022, the residential application sector took the lead in the market, contributing to over 55% of the global revenue. This dominance can be attributed to several key factors such as the significant increase in the number of households and the ongoing process of urbanization, especially in rapidly developing economies such as India and China.
The commercial category is poised for significant growth, with an anticipated CAGR of 8.0% expected from 2023 to 2030. This expansion can be attributed to various factors, including increased investments in the standardization of IT infrastructure and ongoing product advancements in the commercial building sector. Notably, the demand for sliding and insulated profiles has been on the rise, driven primarily by replacement requirements.
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In 2022, North America emerged as a dominant player in the global market, making the largest revenue contribution, accounting for 39.6% of the total. The United States witnessed a notable surge in construction spending on public residential buildings in 2021, as per data from the United States Census Bureau.
Asia Pacific is poised for remarkable growth, with an anticipated CAGR of 10.0% from 2023 to 2030. This robust expansion is largely attributed to the rapid ascent of emerging economies within the region, especially India, China, and Australia. Additionally, the flourishing tourism industry in countries such as Thailand and Malaysia has spurred significant construction activities, particularly in the hotel and resort sector.
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Drivers
Rising Popularity of Smart Products
Restraints
Presence of Substitutes in Window Treatments to Hamper the Market
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The competitive environment of the Curtains and Window Blinds market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. To understand the competitive rivalry, we are comparing the revenue, expenses, resources, product portfolio, region coverage, market share, key initiatives, product launches, and any news related to the Curtains and Window Blinds Market.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Global curtains and window blinds market analysis reveals a dynamic marketplace with a number of standout trends and difficulties. The real estate industry has experienced a remarkable surge in growth in recent years, leading to an escalation in the value of residential construction projects. With the increasing number of houses being built, the demand for window coverings, particularly window blinds, has witnessed a concurrent upswing. Furthermore, the window blinds market is being propelled by an uptick in household spending.
Additionally, window blinds, composed of long vertical or horizontal slats crafted from diverse hard materials like plastic, wood, and metal, have become a popular choice for homeowners seeking both aesthetic appeal and functional light control, thus solidifying their position as a preferred window covering solution in the ever-expanding real estate landscape.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 6.44 billion |
Market size value in 2031 | USD 10.04 billion |
Growth Rate | 5.06% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Curtains and Window Blinds Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Curtains and Window Blinds Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Curtains and Window Blinds Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Curtains and Window Blinds Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG25AH2010
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