Blinds And Shades Market Size, Share & Trends Analysis Report By Type (Blinds & Shades), By Application (Residential, Commercial), By Distribution Channel, By Installation, By Technology, By Region, And Segment Forecasts, 2023 - 2030

Report Overview

The global blinds and shades market size was valued at USD 13.09 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 8.2% from 2023 to 2030. Blinds and shades are protective coverings used to shield windows from dust and control how much light enters a space. While shades are formed of one or more pieces of cloth, blinds are rigid window coverings manufactured of horizontal slats. These coverings offer several benefits, including resistance to dirt and wetness, extreme durability, insulation, control over light, and maintenance of privacy. This remains a significant driver in the market's expansion.

The expansion of the blinds and shades market is anticipated to be boosted by an increase in the construction of residential and commercial structures. The need for blinds and shades is fueled by rapid urbanization and an increase in people's living standards. According to World Urbanization Prospect projections, 66% of the population would reside in urban and municipal areas by 2050, up from about 54% in 2014, which will increase demand for blinds and shades.

Both residential and commercial structures benefit from the aesthetic appeal and greater insulation that blinds and shades provide. Additionally, the thermal insulation, heat resistance, water resistance, durability, and energy-saving features of these blinds and shades are anticipated to increase consumer demand throughout the projected period. However, the availability of alternatives is anticipated to impede market expansion.

The competition has been maintained and the product portfolio has been improved by major competitors through a variety of techniques, including product launches and acquisitions. For instance, Bed Bath & Beyond Inc. introduced its own brand, ever home, in May 2022. Today, many homes offer adaptability with their aesthetic, energizing color scheme, and airy design. Their key categories include bedding, bath, outdoor décor, and interior decor. It also offers window treatment goods, such as freshly designed blinds and shades, within the interior décor category.

Type Insights

In terms of revenue, the blinds segment led the market and accounted for a 59.10% 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 5.0% from 2023 to 2030. 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% 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 8.3% from 2023 to 2030. 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 57.64% 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 7.9% from 2023 to 2030. 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 90.0% 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 9.6% from 2023 to 2030. 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% 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 8.8% from 2023 to 2030. 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 39.6% 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 10.4% from 2023 to 2030. 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% 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.

Key Companies & Market Share Insights

The blinds and shades market includes both international and regional participants. Key market players are focusing on product innovation to enhance their portfolios.

• In January 2023, Hunter Douglas, the top producer of bespoke window coverings in the world announced that buyers may benefit from savings of up to USD 1,200 on qualified Hunter Douglas Duette Honeycomb Shades as part of the federal tax credit that encourages the purchase of energy-efficient goods.

• On March 21, 2022, SelectBlinds.com launched two Motorized Architect Roller Shades products, with new Eve MotionBlinds and Apple HomeKit technology. The Eve MotionBlinds motors are the connected blinds and shades motors that enable thread smart home technologies in addition to Bluetooth functionality.

Some prominent players in the global blinds and shades market include:

• 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

• Day Blinds LLC

Blinds And Shades Market Report Scope

Global Blinds And Shades Market Report Segmentation

This report forecasts revenue growth at global, regional & country levels and provides an analysis of the latest trends and opportunities in each of the sub-segment from 2017 to 2030. For the purpose of this study, Grand View Research has segmented the global blinds and shades market based on type, application, installation, distribution channel, technology, and region.

• Type Outlook (Volume, Million sq. ft; Revenue, USD Million, 2017 - 2030)

  • Blinds

    • Venetian

    • Vertical

    • Roller

    • Others

  • Shades

    • Cellular

    • Roman

    • Pleated

    • Roller

    • Others

• Application Outlook (Volume, Million sq. ft; Revenue, USD Million, 2017 - 2030)

  • Residential

  • Commercial

• Distribution Channel Outlook (Volume, Million sq. ft; Revenue, USD Million, 2017 - 2030)

  • Online

  • Offline

    • Supermarkets/Hypermarkets

    • Specialty Stores

    • Multi Brand Stores

• Installation Outlook (Volume, Million sq. ft; Revenue, USD Million, 2017 - 2030)

  • New Construction

  • Retrofit

• Technology Outlook (Volume, Million sq. ft; Revenue, USD Million, 2017 - 2030)

  • Automatic

  • Manual

• Regional Outlook (Volume, Million sq. ft; Revenue, USD Million, 2017 - 2030)

  • 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