The Window Coverings Market is expected to register a CAGR of 4.42% over the forecast period from 2021 – 2026. Urbanization is speeding up, and so are the creative and efficient ways to house more people and more businesses in less space. This is leading to more opportunities for vendors in the Window Coverings Market. Interior shutters, blinds, and shades constitute the majority of the shareholding across the window coverings. The popularity of window coverings is largely due to the benefit of privacy and energy efficiency; it has become a critical part of home decor.
As more people have embraced smart windows solutions, everyday conveniences have maximized because of the experience it brings to the home experience– inside and out. These shades, blinds, and curtains all bring comfortability as it controls external temperatures indoors, allows in fresh air at a controlled rate, as well as balancing out natural and artificial light.
As the population continues to increase, so does its effect on the residential construction business according to the United States Census Bureau. This has resulted in an increase in spending, from $5.07 billion in 2014 to 6.55 billion in 2019. A domino effect has occurred and our nation’s population increase is the common denominator. As the investment in residential construction continues to increase, so do sales of home decor and home improvement retailers. Furthermore, we can expect an increase in interest and sales for window coverings.
Key Trends:
Blinds are Expected to Hold Significant Share
Due to a typical window being composed of various hard materials such as wood, plastic and metal, and the cords that operate the slats or blades– in addition to the upcoming increase in demand over the next 5 years.
North America Held a Significant Share
The United States Census Bureau expected that in the United States, the public residential buildings’ construction spending would increase from USD 5.07 billion in 2014 to USD 6.55 billion in 2019.
The global blinds and shades market is expected to take a hit from the pandemic-related recession temporarily, and it is anticipated that the market will grow in the post-crisis period to reach the projected size of $12.3 billion USD by 2027.
Source:
https://www.mordorintelligence.com/industry-reports/window-coverings-market
https://www.researchandmarkets.com/reports/1206775/blinds_and_shades_global_market_trajectory_and
