Blinds And Shades Market (By Type: Blinds & Shades; By Application: Residential, Commercial; By Distribution Channel; By Installation; By Technology) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2023-2032

The global blinds and shades market was valued at USD 13.13 billion in 2022 and it is predicted to surpass around USD 28.98 billion by 2032 with a CAGR of 8.24% from 2023 to 2032. The blinds and shades market in the United States was accounted for USD 3.7 billion in 2022.

Key Pointers

• North America made the largest revenue contribution of 39.66% to the global market in 2022. 
• Asia Pacific is expected to grow at a CAGR of 10.42% from 2023 to 2032.
• The European region accounted for a market share of over 30.04% of the global revenues in 2022.
• In terms of revenue, the blinds segment led the market and accounted for a 59.13% share of the global revenue in 2022. 
• The shades segment is anticipated to grow at a CAGR of 5.02% from 2023 to 2032. 
• The residential application led the market and accounted for a 55.01% share of the global market in 2022. 
• The commercial application is anticipated to grow at a CAGR of 8.33% from 2023 to 2032. The retrofit category led the market and accounted for a 57.66% share of the global revenue in 2022. 
• The blinds and shades for the new construction segment are anticipated to grow at a CAGR of 7.94% from 2023 to 2032. 
• Manual blinds and shades accounted for a revenue contribution of over 90.02% in the global market in 2022. 
• The automatic category is anticipated to grow at a CAGR of 9.65% from 2023 to 2032. 
• The offline distribution channel made the largest revenue contribution of around 85.01% in 2022. 
• The online distribution channel is projected to grow at a CAGR of 8.84% from 2023 to 2032. 

Report Scope of the Blinds And Shades Market

The increasing expenditure on interior decoration continues to create lucrative opportunities for window blinds and shades. Robust development in emerging economies is likely to drive the market in the forecast period. Increased disposable income of the consumer group has led to frequent changes in coverings with changing wall paints and other home décor items. This has also become a prominent factor, which has propelled the market growth.

The growing interest of individuals and professional designers in window blinds and shades coupled with the increasing inclination toward motorized and automated blinds and shades is supporting market growth. Consumers with high and moderate incomes are the major target customers for window coverings owing to their high spending power. Furthermore, 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 blinds and shades in the residential sector.

The blinds segment accounted for the maximum share of the market. The growing demand for these products in countries including the U.S., Germany, U.K, France, Spain, Italy, and other European countries owing to the incorporation of smart and advanced technology in these products is expected to fuel the demand in the near future. Moreover, the increasing applications of these products in both commercial and residential sectors, including houses, hospitals, hospitality, retail, office, and school have been driving the market for the product over the world.

The residential segment accounted for the largest market share of the blinds and shades market in 2022. The growing number of residential constructions along with rapid urbanization in developing economies including China and India is anticipated to drive the residential demand for the product in the upcoming years. For instance, the government of India announced in Union Budget 2021, to support initiatives such as ‘Housing for All’ and ‘Smart Cities Mission’, the government allocated USD 1.89 billion to Atal Mission for Rejuvenation and Urban Transformation (AMRUT) and Smart Cities Mission.

The rising adoption of smart home products in houseware is adding to the growth of the smart window blinds and shades market. In addition, the emergence of smart homes as a result of the luxury lifestyle is also attracting consumers toward smart or motorized window covering. This is accelerating market growth. Window treatment is believed to be the most cost-effective way to improve home energy efficiency. According to the U.S. Department of Energy (DOE), heat gain or heat loss through windows accounts for 25%-40% of annual heating and cooling costs. This is expected to propel the market growth over the forecast period.

The blinds and shades market is consolidated in nature with the presence of a large number of international players and a few regional players. Hunter Douglas, Springs Window Fashions, Hillarys, Aspect Blinds, Aluvert Blinds, Kresta, AWB - Advanced Window Blinds, Elite Window Fashions, Canadian Blind Manufacturing Inc., Next Day Blinds Corporation, and Day Blinds LLC.

Type Insights

In terms of revenue, the blinds segment led the market and accounted for a 59.13% share of the global revenue in 2022. The blinds segment includes Venetian, vertical, roller, and other blinds. Moreover, the increasing popularity of soundproof blinds and benefits such as the ability to reduce energy consumption and carbon emissions thanks to the development of new blinds and better acoustic features of blinds remain key drivers of growth.

The blinds and shades market is driven by rising house developments and a keen interest in home remodeling projects, which are caused by rapid urbanization, rising residential development, and rising disposable income. The shades segment is anticipated to grow at a CAGR of 5.02% from 2023 to 2032. High-tech innovations, such as remote-controlled shades, are becoming increasingly popular across the globe.

Application Insights

The residential application led the market and accounted for a 55.01% share of the global market in 2022. An increase in the number of families and a rise in urbanization in developing nations like China and India are the main drivers of this category. In addition, the Furniture Manufacturers Credit Association (FMCA) estimates that more than 5.5 million existing houses and over 800,000 new homes were sold in the U.S. in 2020.

The commercial application is anticipated to grow at a CAGR of 8.33% from 2023 to 2032. The increasing demand for customized windows covering for commercial applications is propelling market growth. Moreover, investments in the standardization of IT infrastructure and product advances also boost the demand for new construction. Due to their enhanced insulating characteristics, simplicity of use, and efficient use of space, sliding and insulated profiles are now in demand as replacements.

Installation Insights

The retrofit category led the market and accounted for a 57.66% share of the global revenue in 2022. 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. For instance, according to RubyHome, in 2021, the average amount homeowners spent on home improvement in the U.S. was USD 10,341, up by 25% from the year before.

The blinds and shades for the new construction segment are anticipated to grow at a CAGR of 7.94% from 2023 to 2032. The demand for blinds and shades is likely to be driven by expanding residential developments and the robust growth of the commercial construction industry. Moreover, rapid growth in the hospitality sector across countries is posing increasing demand for window blinds and shade solutions. For instance, according to the latest Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), Europe continues to show steady growth in new hotel openings, with 188 new hotels opening totaling 28,350 rooms in the first half of the year 2022.

Technology Insights

Manual blinds and shades accounted for a revenue contribution of over 90.02% in the global market in 2022. The increasing demand for manual window blinds and shades owing to increasing safety measures in cordless or short-corded window covering solutions is propelling the market growth. Businesses are implementing cutting-edge technology for hassle-free shade operation and providing a variety of light filtering options.

The automatic category is anticipated to grow at a CAGR of 9.65% from 2023 to 2032. The emergence of smart homes as a result of the luxury lifestyle is also attracting consumers towards the adoption of smart or motorized window blinds and shades across the globe. For example, FYRTUR and KADRILJ are battery-operated smart window blinds that can be controlled wirelessly with the included remote control.

Distribution Channel Insights

The offline distribution channel made the largest revenue contribution of around 85.01% in 2022. Consumers prefer to buy window blinds and shades from different home décor outlets to test the product quality before buying it. Consumers prefer to make purchases through various wholesale distributors owing to their low prices. In the forecast term, these reasons are likely to boost the segment.

The online distribution channel is projected to grow at a CAGR of 8.84% from 2023 to 2032. Consumers are preferring to shop online as it saves both time and effort. It also provides assured delivery of the products. Therefore, the online segment is expected to observe tremendous growth over the forecast period. Furthermore, according to a 2020 survey by UNCTAD, there was a 7% increase in the number of online buyers who made at least one home-furnishing transaction every two months. These factors are expected to boost the growth of the online segment over the forecast period.

Regional Insights

North America made the largest revenue contribution of 39.66% to the global market in 2022. The increasing construction in the residential sector in the U.S. is creating demand for window blinds and shades. According to the United States Census Bureau, Texas and Florida accounted for approximately 30% of all single-family permits issued in the United States in 2021. The substantial investments in home décor and home improvements are anticipated to accelerate the U.S. blinds and shades industry.

Asia Pacific is expected to grow at a CAGR of 10.42% from 2023 to 2032. The regional market has been fueled by the rapid rise of emerging economies such as India, China, and Australia along with growing hospitality and tourism industries in these countries is projected to have a tremendous positive impact on the demand for window blinds and shades products in this region. Moreover, in terms of revenue, China’s blinds and shades industry accounted for the largest market share in Asia Pacific, in 2022. This is attributed to the significant expansion of the hospitality sector in cities such as Shanghai, Guangzhou, Chengdu, and Suzhou.

The European region accounted for a market share of over 30.04% of the global revenues in 2022. Energy conservation, privacy, and the growing trend of interior decoration are boosting the demand for window blinds and shades in the region. Moreover, the growing ability of individuals to purchase houses is further anticipated to boost the demand for the product. Germany's blinds and shades industry held the largest share of Europe's blinds and shades industry in 2022. The dominance is majorly attributed to the significant growth of residential and commercial sectors in the country. For instance, according to the construction database TOPHOTELPROJECTS in July 2022, through 2025, 330 projects will drastically change the hotel industry in Germany, and a total of 51,655 keys will be added to the nation's capacity for four- and five-star properties.

Blinds And Shades Market Segmentations:

By Type

• Blinds
  
  • Venetian
  • Vertical
  • Roller
  • Others
• Shades
  
  • Cellular
  • Roman
  • Pleated
  • Roller
  • Others

By Application

• Residential
• Commercial

By Distribution Channel

• Online
• Offline
  
  • Supermarkets/Hypermarkets
  • Specialty Stores
  • Multi Brand Stores

By Installation

• New Construction
• Retrofit

By Technology

• Automatic
• Manual

By Regional

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • New Zealand
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • Turkey
  • UAE
  • South Africa