Window Coverings Market Size, Share & Trends Analysis Report By Type (Blinds & Shades, Curtains & Drapes, Shutters), By Application (Residential, Commercial), By Distribution Channel, By Installation, By Technology, By Region, And Segment Forecasts, 2024

Window Coverings Market Size, Share & Trends Analysis Report By Type (Blinds & Shades, Curtains & Drapes, Shutters), By Application (Residential, Commercial), By Distribution Channel, By Installation, By Technology, By Region, And Segment Forecasts, 2024

Window Coverings Market Growth & Trends

The global window coverings market is anticipated to reach USD 60.16 billion by 2030 and it is projected to grow at a CAGR of 8.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. Rising income levels, changing lifestyles, increasing media penetration, and the invasion of other cultures have all contributed to increased consumer expenditure on various designs and luxury homeware. During the forecast period, all of these aspects are expected to present considerable growth possibilities for market vendors. Moreover, with increasing urbanization and globalization trends, home décor has become more popular in both developed and emerging economies such as India, Brazil, and China. This increase in home decor is boosting the demand for window covering in the residential sector.

Moreover, different technologies and improvements, such as sensor-based window coverings, together with an increase in the number of smart homes, provide growth potential. 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 caused by the COVID-19 virus outbreak.

Smart window 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 everyday conveniences. For example, at the Consumer Electronics Show (CES) 2020 in January 2020, Somfy, a company that specializes in the motorization and connectivity of interior window coverings, exterior shading products, and access management systems, unveiled its new smart shading and its Sonesse ULTRA 30 WireFree Zigbee Li-Ion motor.

Moreover, with the emergence of COVID-19, home renovations became more popular, although market sellers reported a drop in bespoke window covering sales. This was in keeping with the ban on house visits. In addition, a sizable DIY industry has evolved as a means of facilitating economical restoration.

Window Coverings Market Report Highlights

• Based on type, the blinds and shades segment is projected to register the fastest CAGR during the forecast period. Due to technological developments in the product, blinds and shades are becoming more popular. Manufacturers have developed technology such as remote control shades and automatic weather sensor shades, resulting in a surge in demand in recent years
• Based on application, the commercial application sector is expected to witness steady growth over the forecast period. The growing number of hotels and restaurants owing to the growth of the travel and tourism industry across the world has widened the opportunity for the product
• Based on the distribution channel, the online segment is expected to grow the fastest CAGR during the forecast period. 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 reasons driving the segment
• Based on installation, the retrofit category dominated the market. Rising inclination towards home renovation compared to new house purchasing owing to high costs associated with home prices as well as mortgage rates, consumers are largely moving towards home remodeling
• North America is expected to contribute a majority of the share to become the largest division in the global revenue in 2023. The demand for window curtains and drapes for interior spaces in the North American market is booming due to the growing number of smart houses and increasing penetration of smart technologies in households in the U.S. and Canada

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