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Window Covering Market to Exhibit a CAGR of 4.82% from 2023-2030; Innovative Blinds and Sustainable Fabrics Propel Market Growth.

September 18, 2023 | Consumer Goods

The global window covering market size was USD 13.04 billion in 2022. The market is projected to grow from USD 13.68 billion in 2023 to USD 19.02 billion in 2030 at a CAGR of 4.82% during 2023-2030. Fortune Business Insights™ presents this information in its report titled “Window Covering Market Size, Share & COVID-19 Impact Analysis, By Type (Blinds & Shades, Shutters, Curtains & Drapes, and Others), By Technology (Manual Covers and Smart Covers), By Application (Residential and Commercial), By Distribution Channel (Offline and Online), and Regional Forecast, 2023-2030”.


The expanding acceptance of bamboo among a broader consumer base presents promising opportunities for window blinds and shade companies that utilize bamboo as their main raw material. The rising demand for eco-friendly products is anticipated to attract new entrants to the market.


Pandemic Induced Disruptions in Supply Chain Which Affected Market Growth 


The COVID-19 pandemic had a direct and negative impact on the growth of the market, particularly in the textile industry. The industry faced significant disruptions, especially in Asian countries like India and China, which had a profound effect on the global market. Temporary closures of offline distribution channels greatly affected product sales in the residential sector, while the ban on domestic and international tourism had a detrimental impact on the commercial sector.


SelectBlinds.com Introduced Roller Shades with Smart Home Technology


SelectBlinds.com, an e-commerce brand specializing in customized window decor, unveiled two motorized architect roller shades in March 2022. These shades are equipped with Eve MotionBlinds motors, enabling Bluetooth connectivity and compatibility with thread smart home technology.


Innovations in Home Furnishing Propel Market Growth


In response to growing consumer demand for innovative blinds, several players in the home furnishing industry have actively pursued opportunities in the window-covering market. One notable example is IKEA, a Swedish furniture retailer, which announced its intention in February 2019 to introduce the Gunrid curtains. These curtains incorporate a special fabric infused with a photocatalyst mineral that effectively reduces pollutants on a daily basis, promoting a healthier indoor environment.


However, regulatory constraints and corded blink’s risks pose challenges to window covering market growth.



Market Leaders Embrace Technology and Collaboration to Drive Business Growth


Major market players in the window covering industry are increasingly incorporating technology to meet the demands of consumers, particularly tech enthusiasts, which is expected to fuel the growth of their businesses. Hunter Douglas N.V. established itself as the market leader in 2022, thanks to its globally recognized distribution network. The company experienced a significant increase in net sales for FY 2021, with a total net profit of USD 951 million, compared to FY 2020. Net sales for FY 2021 reached USD 4,292 million, compared to USD 3,351 million in FY 2020.



Top of Form



Notable Industry Development: 



  • March 2020 - WINDOWSPASSIONS, an Indian online retail store, launched its new collection of frills and borders as an addition to the existing curtains, drapes, and other soft furnishings. With an increasing consumer demand for embroidered window coverings in India, attractive frills and borders are likely to gain momentum in the coming years.


List of Key Players Profiled in the Report:





    • Hunter Douglas N.V.  (Netherlands)

    • Comfortex Window Fashions (U.S)

    • Lafayette Interior Fashions (U.S.)

    • Insolroll Window Shading Systems (U.S.)

    • Polar Shades Sun Control (U.S.)

    • The Shade Store, LLC (U.S.)

    • Decora Blind Systems Ltd (U.K.)

    • Norman International Inc. (U.S.)

    • Coulisse (Netherlands)

    • LOUVOLITE (U.K.)




Further Report Findings:



  • North America held a valuation of USD 4.90 billion in the window covering market share in 2022. The market's growth is mainly fueled by the increasing prevalence of smart homes and the widespread adoption of smart technologies in households across the U.S. and Canada.

  • European market is propelled by the increasing popularity of natural and environmentally friendly products. European countries such as U.K., Germany, and France are the major importers of natural curtains and drapes.

  • Asia Pacific is expected to have a significant growth due to increasing level of living and disposable incomes.


Table of Segmentation 






















































ATTRIBUTE



DETAILS



Study Period



2019-2030



Base Year



2022



Estimated Year



2023



Forecast Period



2023-2030



Historical Period



2019-2021



Growth Rate



CAGR of 4.82% from 2023 to 2030



Unit



Value (USD Billion)



Segmentation



By Type



  • Blinds & Shades

  • Shutters

  • Curtains & Drapes

  • Others



By Technology



  • Manual Covers

  • Smart Covers



By Application



  • Residential

  • Commercial



By Distribution Channel



  • Offline

  • Online



By Region


North America (By Type, Technology, Application, Distribution Channel, and by Country)



  • U.S. (By Type)

  • Canada (By Type)

  • Mexico (By Type)


Europe (By Type, Technology, Application, Distribution Channel, and by Country)



  • Germany (By Type)

  • U.K. (By Type)

  • France (By Type)

  • Italy (By Type)

  • Spain (By Type)

  • Rest of Europe (By Type)


Asia Pacific (By Type, Technology, Application, Distribution Channel, and by Country)



  • China (By Type)

  • India (By Type)

  • Japan (By Type)

  • Australia (By Type)

  • Rest of Asia Pacific (By Type)


South America (By Type, Technology, Application, Distribution Channel, and by Country)



  • Brazil (By Type)

  • Argentina (By Type)

  • Rest of South America (By Type)


Middle East and Africa (By Type, Technology, Application, Distribution Channel, and by Country)



  • UAE (By Type)

  • South Africa (By Type)

  • Rest of Middle East & Africa (By Type)


Window Covering Market
  • PDF
  • 2022
  • 2019-2021
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