Global Window Covering Market

Window Covering Market Size, Share, Growth Analysis, By Application(Residential and Commercial), By Distribution Channels(Online and Offline), By Region - Industry Forecast 2025-2032


Report ID: SQMIG25F2051 | Region: Global | Published Date: April, 2024
Pages: 223 | Tables: 59 | Figures: 77

Window Covering Market Dynamics

Window Covering Market Drivers

Real Estate Market to Benefit from Booming

  • In the near future, demand for window coverings is anticipated to increase across the nation due to the rising popularity of built, modular, and prefabricated homes. Over time, there has been a noticeable increase in the real estate industry in India. The residential market in India is predicted to increase significantly over the next few years, supported by government support, according to the India Brand Equity Foundation (IBEF). For instance, the Pradhan Mantri Awas Yojana (PMAY) project was started by the Indian government with the goal of constructing 20 million homes nationwide (in urban areas) by the year 2022.

Growing government support combined with technological innovation to support market progress

  • In the upcoming years, new companies are likely to be attracted to the market as a result of recent improvements in the textile industry, particularly in Asian nations. For instance, in order to support the domestic textile industry and draw sizable investments, the GoI suggested a plan for the creation of mega textile parks in India in its Budget 2021–22 in February 2021. Such government assistance is likely to result in inexpensive labor and raw materials being available from a manufacturing perspective

Window Covering Market Restraints

Seasonal Demand

  • The demand for window coverings can be seasonal, with higher demand during certain times of the year, such as spring and summer, when consumers tend to invest in home improvement projects. This seasonality in demand can create challenges for manufacturers and retailers in managing inventory, production, and sales during off-peak seasons.
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Window Covering Market size was valued at USD 34.70 Billion in 2022 and is poised to grow from USD 37.37 Billion in 2023 to USD 67.65 Billion by 2031, at a CAGR of 7.7%during the forecast period (2024-2031).

The window covering market is highly competitive, with many players operating in the industry. The market is characterized by the presence of both established and emerging players, who compete on the basis of product quality, price, design, distribution channels, and marketing strategies. ' Hunter Douglas N.V. (Netherlands)', 'Springs Window Fashions LLC (United States)', 'Newell Brands Inc. (United States)', 'Graber (United States)', 'Comfortex Window Fashions (United States)', 'Levolor (United States)', 'Luxaflex (Netherlands)', 'Rollease Acmeda Pty Ltd (Australia)', 'Nien Made Enterprise Co. Ltd. (Taiwan)', 'Somfy Systems Inc. (France)', 'QMotion Advanced Shading Systems (United States)', 'Mechoshade Systems LLC (United States)', 'Verosol Australia Pty Ltd (Australia)', 'Kresta Holdings Limited (Australia)', 'Benthin GmbH (Germany)', 'Coulisse B.V. (Netherlands)', 'Lotus & Windoware, Inc. (United States)', 'Bandalux S.A. (Spain)', 'BTX Intelligent Fashion LLC (United States)', 'Window Blind Connection Inc. (United States)', 'Hartmann & Forbes, Inc. (United States)', 'Gräfenthaler Fenster und Sonnenschutz GmbH (Germany)'

In the near future, demand for window coverings is anticipated to increase across the nation due to the rising popularity of built, modular, and prefabricated homes. Over time, there has been a noticeable increase in the real estate industry in India. The residential market in India is predicted to increase significantly over the next few years, supported by government support, according to the India Brand Equity Foundation (IBEF). For instance, the Pradhan Mantri Awas Yojana (PMAY) project was started by the Indian government with the goal of constructing 20 million homes nationwide (in urban areas) by the year 2022.

Automation and Smart Solutions

North America dominated the market. The United States Census Bureau reports that in 2021, building expenses for public residential structures increased in the country. Spending on construction increased 7.9% over the same time in 2020 during the first 11 months of 2021. It is anticipated that the United States would make significant investments in house improvement and decoration.

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Global Window Covering Market

Report ID: SQMIG25F2051

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