Blinds & Shades Market 2022 Global Competition by Opportunity Assessment and Forecast by 2029 : Ching Feng Home Fashions Co., Ltd., Griesser AG Electrocomponents PLC, Hunter Douglas NV, Lafayette Venetian Blind Inc., Legrand, Lutron Electronics Company, Mechoshade Systems LLC,

The blinds and shades market is expected to develop at a CAGR of around 4.4 percent through 2029, reaching US$ 14.2 billion in 2022. Producers are being driven to offer unique blinds and shades while narrowing their focus on fully automated products by consumers’ growing desire for individualised light and air management control.

Attribute	Details
Estimated Blind & Shades Market Size 2022	US$ 14.2 Bn
Projected Blind & Shades (2029) Market Size	US$ 19.4 Bn
Value CAGR (2022-2029)	4.4%
Blind & Shades Market Top Players Share in 2021.	10-%-15%

Additionally, smart phone-enabled operations for blinds and shades are expanding the market’s potential. Additionally, the introduction of voice recognition technology-enabled blinds is altering market trends in the home décor sector, which is positively affecting the value growth of the global blind and shade market.

For instance, IKEA has developed voice-recognition remote-controlled blinds and a smart lighting kit. For a more individualised experience, these automatic blinds can be operated by smartphone and work with virtual assistants powered by AI like Alexa and Google Assistant.

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Additionally, producers have the choice to create eco-friendly blinds and shades on the market for blinds and shades. Few companies are currently producing eco-friendly blinds and shades on the market, which presents an opportunity for other enterprises to make investments in eco-friendly home furnishings.

Growing consumer awareness of eco-friendly or sustainable products is anticipated to affect customer choice. The market in developed countries with high consumer awareness, therefore, has the potential to expand.

Key Takeaways from the Blind & Shades Market Study

• Smart windows are leaping the sales of blind & shades due to growing innovations such as windows controlled by a click of a button using rechargeable batteries and voice-activated window coverings.
• The U.S. is expected to register a CAGR of 2.2% in North America due to increasing trend of customized blind & shades as well as smartphone controlled blind & shades.
• Blinds and shades made of natural fibers is witnessing a significant growth in the global market. The customer’s awareness for their health and for environment is significantly supporting sales of natural blinds and shades.
• East & South Asia would remain the prominent region in the global blinds & shades market owing to rapid expansion of residential sector. E-commerce expansion will also be pivotal in accelerating the market build-up in this region.

“Adoption of omnichannel sales strategy by manufacturers and growing customer inclination towards natural material-based blinds & shades are expected to offer significant market growth opportunities.” says an FMI analyst.

 Impact of COVID-19 on the Market

The COVID-19 pandemic had a significant influence on the world economy at numerous levels, and this impact was felt to a large extent in the construction industry. The COVID-19 pandemic issue also had an impact on the blind and shade market, which saw a significant drop in demand in 2020.

The COVID-19 outbreak affected the supply and delivery of construction materials, causing governments to enact lockdown. The transfer of activities in operations and vendor operations impacted the manufacturing. The blind and shade production process has become a headache for enterprises due to limited labour availability, disrupted raw material supply, and logistical challenges.

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Who is winning?

Leading manufacturers of blind & shades are focused on aggressive promotional strategies and advertisements that have driven sales growth of Blind & Shades globally.

Major players present in the blind & shades market are Ching Feng Home Fashions Co., Ltd., Griesser AG Electrocomponents PLC, Hunter Douglas NV, Lafayette Venetian Blind Inc., Legrand, Lutron Electronics Company, Mechoshade Systems LLC, Nien Made Enterprise Co. Ltd., Persianas Canet S.A, Qmotion Shades, Schenker Storen AG, Solarfective Products Limited, Springs Window Fashions LLC, TOSO CO. LTD. among others.

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Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the global blind & shades market, presenting historical demand data (2014-2021) and forecast statistics for the period from 2022-2029. The study divulges compelling insights on the blind & shades market based on the product type (roller shades, vertical shades/blinds, panel blinds, roman shades/blinds, venetian blinds, pleated shades and others), fabric (natural & synthetic), mode of operation (manual and automatic), distribution channel (online & offline) across each of the seven areas across seven major regions.

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