SAN FRANCISCO, July 11, 2022 /PRNewswire/ -- The global window covering market size is expected to reach USD 60.16 billion by 2030, registering a CAGR of 7.6% during the forecast period, according to a new report by Grand View Research, Inc. Rising income levels, changing lifestyles, and the influence of other cultures have all contributed to increased consumer expenditure on home décor. Over the forecast period, all of these aspects are expected to present considerable growth possibilities to market vendors.
Key Industry Insights & Findings from the report:
- North America was the largest regional division in terms of revenue in 2021. The demand for window curtains and drapes for interior spaces is booming in the North American market due to the increasing penetration of smart technologies in households in the U.S. and Canada.
- The blinds and shades segment is projected to register the fastest CAGR of 7.9% during the forecast period. Due to technological developments such as remote control shades and automatic weather sensor shades, blinds and shades are becoming more popular.
- During the forecast period, the online segment is expected to expand at a faster CAGR. The increasing availability of a wide range of products from different brands, free delivery, and seasonal discounts on e-commerce platforms are among the major factors driving the segment.
Read full market research report for more Insights, "Window Covering Market Size, Share & Trends Analysis Report By Type (Blinds & Shades, Curtains), By Application, By Distribution Channel, By Installation, By Technology, By Region, And Segment Forecasts, 2022 - 2030", published by Grand View Research.
Window Covering Market Growth & Trends
Furthermore, with increasing urbanization and globalization, home décor has been gaining more prominence in developed countries, as well as emerging economies such as India, Brazil, and China. This scenario is boosting the demand for window coverings in the residential sector. Moreover, different technologies and improvements, such as sensor-based coverings, together with an increase in the number of smart homes, provide growth potential.
Smart solutions are bringing connected shades, blinds, and curtains to the home interior, significantly improving comfort and convenience, while always maintaining the right balance of natural and artificial light, occupant well-being, and convenience. For example, at the Consumer Electronics Show (CES) 2020, Somfy, a leader in smart motorization solutions for homes and buildings, unveiled its new Smart Shading and Sonesse ULTRA 30 WireFree Zigbee Li-Ion motor.
The market faces a challenge from the easy availability of low-quality and counterfeit products at low rates, as well as the major slowing of the supply chain as a result of the COVID-19 pandemic. Moreover, with the outbreak of COVID-19 and the resultant restrictions, market sellers reported a drop in bespoke window covering sales. Additionally, a sizable DIY industry has evolved as a means of facilitating economical restoration.
The market is consolidated in nature, with the presence of a large number of international players and a few regional players. The market is driven by innovation in design, mergers & acquisitions, and joint ventures. Key players are focusing on smart solutions to expand their customer bases and stay ahead of the competition. Along with strong economic growth, these trends will contribute to market growth in the foreseeable term.
Window Covering Market Segmentation
Grand View Research has segmented the global window covering market based on type, application, distribution channel, installation, technology, and region
Window Covering Market - Type Outlook (Volume, Million Sq. Ft.; Revenue, USD Million, 2017 - 2030)
- Blinds & Shades
- Curtains
- Shutters
- Others
Window Covering Market - Application Outlook (Volume, Million Sq. Ft.; Revenue, USD Million, 2017 - 2030)
- Residential
- Commercial
Window Covering Market - Distribution Channel Outlook (Volume, Million Sq. Ft.; Revenue, USD Million, 2017 - 2030)
- Online
- Offline
- Supermarkets/Hypermarkets
- Specialty Stores
- Multi Brand Stores
Window Covering Market - Installation Outlook (Volume, Million Sq. Ft.; Revenue, USD Million, 2017 - 2030)
- New Construction
- Retrofit
Window Covering Market - Technology Outlook (Volume, Million Sq. Ft.; Revenue, USD Million, 2017 - 2030)
- Automatic
- Manual
Window Covering Market - Regional Outlook (Volume, Million Sq. Ft.; Revenue, USD Million, 2017 - 2030)
- North America
- U.S.
- Europe
- Germany
- U.K.
- Asia Pacific
- China
- India
- Central & South America
- Brazil
- Middle East & Africa
- Turkey
List of Key Players in the Window Covering Market
- Hunter Douglas
- Lotus & Windoware, Inc.
- Bombay Dyeing
- Insolroll
- Mariak
- Welspun India Limited
- Skandia Window Fashions
- MechoShade Systems, LLC
- Lafayette Interior Fashions
- Comfortex Window Fashions
Check out more related studies published by Grand View Research:
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- Home Bedding Market - The global home bedding market size is expected to reach USD 172.36 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 7.9% from 2022 to 2030. The market is driven by the rising use of adjustable beds, which has resulted in the lockdown induced by Covid-19 as a means of properly adjusting the work-from-home lifestyle. This tendency has boosted the market growth by increasing the prevalence of customizable mattresses and bed linens. Increased residential expansion across areas, indicating increased house construction and building permits, is expected to revamp market demand.
- Home Textiles Market - The global home textiles market size is expected to reach at USD 133.4 billion by 2025 registering a CAGR of 5.01%, according to a new report by Grand View Research, Inc. High demand for home textiles due to increasing disposable income and improved living standards is driving the global market. In addition, rapidly expanding real estate market is expected to boost the market growth from 2019 to 2025.
Browse through Grand View Research's Homecare & Decor Industry Research Reports.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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