2018 Window Blinds Market Growth Forecast 2028: Recent Trends, Developments, and Opportunities
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Increasing demand for window covering with smart features and maintaining the room's temperature drive the global window blinds market during the forecast period.
According to TechSci Research report, “Window Blinds Market– Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028F,”?the global window blinds market is expected to grow significantly during the forecast period owing to the increasing demand for smart homes, infrastructure development, and energy-efficient electrical operator window blinds. According to the US Department of Energy, these shades can reduce heat loss through windows by 40% or more during the colder months and reduce unwanted solar heat entering through windows by up to 80% during the warmer months. These are made from recycled plastic bottles, an essential step toward ensuring environmental sustainability.
With increasing customer demand for new technology-based products, window-covering vendors are introducing an increasing number of window blinds with new features and competitive pricing. Smart home adoption is expected to remain high due to technological advancements and the addition of new features in home automation. This factor is expected to boost the global adoption of portable window blinds.
Inflector India has introduced a new product line of solar shades and heat barrier blinds for windows, another energy-saving product that functions as a solar filtering, reflective thermal shade. It maintains the indoor temperature stable by reflecting or absorbing solar heat and blocking up to 92% of UV rays while allowing natural light and creating a safer, more comfortable environment. A comfortable room temperature necessitates less air conditioning, significantly reducing energy bills.
Additionally, Hunter Douglas, Inc. is one of the manufacturers of window blinds promotes its products through various commercial advertisements and employs celebrities as brand ambassadors, which has inspired many consumers to purchase its products. This strategy has increased sales of the company's products in recent years.
Rapid urbanization increased residential development and rising per capita income of consumers are driving an increase in home renovation projects, which, in turn, fuels market growth. Moreover, the growing popularity of smart homes and the rise in infrastructure development worldwide are expected to drive the window blinds market during the forecast period. Additionally, changes in residential building interior design are boosting the window blinds market worldwide. Residential remodeling and replacement may continue to account for most of the window blinds demand, as homeowners replace older blinds with newer products that provide improved visuals or functionality.
Hunter Douglas Inc., Springs Window Fashions LLC, Blinds to Go Inc., Hillarys Blinds Limited, Ching Feng Home Fashions Co. Ltd., Elite Window Fashions, 3 Day Blinds LLC, Newell Brands, Rainbow Blinds & Fabrics Ltd, Budget Blinds, LLC, areamong the major market players in the?global window blinds market.
Demand-side participants in window blinds are highly concerned about the safety of their homes or the spaces where they intend to use window blinds, which manufacturers now provide as a key feature. Furthermore, an increase in the number of additional features, in addition to the basic functionality of window blinds, is expected to boost global demand for window blinds.
The global window blinds market is segmented based on product type, material type, end use, distribution channel, technology, regional distribution and competitive landscape. Based on product type, the market is divided into horizontal blinds, vertical blinds, roman blinds, roll-up blinds, and pleated blinds. Based on material type, the market is divided into metal blinds, plastic blinds, wooden blinds, synthetic blinds, and faux wood blinds. The market is divided into residential and commercial /industrial based on end use. Based on distribution channel, the market is fragmented into distributors & dealers, furniture shops, specialty stores, online, and others (direct sales and institutional sales.). The online channel, which offers retailers an alternative to the traditional shop by exhibiting numerous products on a single platform with their specs, brands, and other features, is experiencing the fastest increase.
Key market players in the global window blinds market include:
Because of the coronavirus pandemic, governments in several countries?ordered total lockdowns in 2020.. Due to limited spending power, closed stores/outlets of premium apparel, and widespread lockdown, the COVID-19 outbreak disrupted retail sales of leather goods products in 2020. Due to the complete lockdown, the pandemic also disrupted the companies' production and supply chain.
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"Different companies are offering innovative products like smart window blinds with energy efficient features, which is likely to contribute to market growth over the forecast period. Moreover, increasing demand for product customization, protection from outside dust are other important factors contributing to the market growth. Furthermore, product advancements and the ability to protect furniture and carpets from fading drive the market.?which impact on the growth of the window blinds market.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
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Window Blinds Market– Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028, Segmented By Product Type (Horizontal Blinds, Vertical Blinds, Roman Blinds, Roll-up Blinds and Pleated Blinds), By Material Type (Metal Blinds, Plastic Blinds, Wooden Blinds, Synthetic Blinds and Faux Wood Blinds), By End Use (Residential and Commercial/Industrial), By Technology (Manual and Electrical), By Distribution Channel (Distributors & Dealers, Furniture Shops, Specialty Stores, Online, Others (Direct Sales and Institutional Sales)), By Region”,?has evaluated the future growth potential of window blinds market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in window blinds market globally.
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