Blinds Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The blinds market is expected to register a CAGR of more than 3.5% during the forecast period of 2021-2026. The outbreak of the coronavirus disease (COVID-19) acted as a massive restraint on the blinds manufacturing market in 2020, as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. Steps by national governments to contain the transmission have resulted in the halting of manufacturing activities and a decline in economic activity with countries entering a state of lockdown, and the outbreak was expected to continue to have a negative impact on businesses throughout 2020 and into 2021.

The real estate industry has witnessed high growth over the past few years, owing to which the value of residential construction is increasing. As the number of houses increases, the demand for window coverings also increases, which is boosting the demand for window blinds. An increase in the spending of households is also a key factor driving the window blinds market. Blinds are window coverings made up of several long vertical or horizontal slats of various hard materials such as plastic, wood, and metal. These slats are bound together by cords that run through the blind vanes. These vanes or slats tumble down as the blind is lowered or can be pulled to the side of a window to stack lengthwise. These slats or louvers are individually attached together to create a complete blind. They are meant to stay tightly closed for light control and privacy and can be tilted or adjusted at different angles to limit the light from entering. Key parameters for selecting window blinds include material, quality, and cost. The rise in commercial and residential development drives the window blinds market. The window blinds market is anticipated to expand at a considerable pace soon. The increase in popularity of smart homes and the rise in infrastructural development around the world are key factors that are expected to drive the market during the forecast period. Additionally, change in the interior design of residential and commercial spaces is also boosting the window blinds market. Commercial spaces are increasing in number, and these are closely maintaining their ambiance preference. Many office spaces maintain an office ambiance as they try to bring out their business strategies with employee health, performance, and wellness. The middle-class population prefers conventional curtains to cover windows over blinds due to the low prices of curtains. This is likely to restrain the window blinds market.

The window blinds market is witnessing an upsurge because of new innovations and developments in technology, which attracts many users to these products. Key players operating in the window blinds market are giving prime importance to adding innovative blinds to their product portfolios by carrying manufacturing advancements in technology and introducing product lines. Technological advancements available in the window blinds market include the use of remote control to lower or raise blinds. Moreover, automated blinds are available in cordless blinds, which can be easily handled. Smart blinds are the latest technology available in the market. These blinds can be controlled using mobile devices.

Key Market Trends

Growth in the Residential Segment is Boosting the Blinds Market

Rapid urbanization, rise in residential development, and growing disposable income are responsible for an increase in housing starts and a strong interest in home renovation projects, which drive the window blinds market. The window blinds market is anticipated to expand at a considerable pace soon. The increase in popularity of smart homes and the rise in infrastructural development around the world are key factors expected to drive the window blinds market during the forecast period. Additionally, change in the interior design of residential buildings is also boosting the window blinds market. Residential remodeling and replacement may continue to account for the largest share of blinds’ demand, as homeowners replace older blinds with newer products that offer enhanced visuals or improved functioning.

The Asia-Pacific Region is Anticipated to Grow at a High Rate

Asia-Pacific ranks as the fastest-growing market with a significant growth rate over the forecast period, led by rapid urbanization. Rising disposable income of people, the expanding middle-class population and their changing attitude toward home decor, the use of remote control to lower or raise blinds, automated blinds, smart blinds controlled using mobile devices, and convenient, durable, safe, and attractive blinds are among the key factors supporting the demand for window blinds in this region.

Competitive Landscape

The report covers the major international players operating in the blinds market. In terms of market share, a few of the major players currently dominate the market. However, with technological advancements and product innovations, mid-size to smaller companies are increasing their market presence by securing new contracts and tapping into new markets.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support