The latest market report published by Credence Research, Inc., “Global Window Blind Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028”. The Global Window Blind Market generated revenue of around USD 2486.5 million in 2021 and is anticipated to grow a CAGR of over 3.7% during the forecast period from 2022 to 2028 to reach around USD 3092.15 million in 2028.
Window blinds are a type of window covering that protects the interior from the elements, such as the sun, wind, and rain. Window blinds can be operated manually or electrically with remote control. They use plastic slats (horizontal or vertical) to continue providing shading and insulation while enabling visibility into the room. In manual versions, the daylight is controlled by adjusting the width of the slats, whereas a simple hand switch on most models controls electric versions. The rapidly expanding use of window coverings in commercial spaces like offices, hospitals, hotels, restaurants, private cabins, etc., as well as the growing trend of using window coverings in homes to decorate home offices, are predicted to propel the growth of the global window blinds market. Other factors contributing to the target market’s expansion include rising construction activity and a growing preference for upscale interiors in both the residential and non-residential sectors. The availability of window blinds made from various materials, colors, and control systems is further expected to drive significant demand for the products. However, the availability of low-cost substitutes for window blinds, as well as the requirement for manual labor in window blind cleaning, may limit the rapid adoption of window blinds in the coming years.
The global window blind market is bifurcated into Product Type, Application, Sales Channel, and Geography. Based on product type, the market is categorized into horizontal window blinds, vertical window blinds, roman window blinds, roll-up window blinds, window pane operation, manually operated window blinds, and electrically operated window blinds. Based on the application, the global market is segmented into residential, commercial, and industrial window blinds. Based on sales channels, the global market is divided into hypermarkets/supermarkets, specialty stores, independent retailers, online sales, company websites, and 3rd party online sales. The market is segmented based on geography: North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
In 2021, Asia Pacific dominated the global window blind market, accounting for a major global market revenue share value due to rising disposable income among individuals, particularly in China, Japan, and India, and changing preferences for home interiors among individuals in the region. Moreover, rising urbanization, rising residential and commercial building construction, rising living standards, and a preference for modernizing homes are expected to drive the Asia Pacific window blinds market throughout the projection period.
Window blinds have been around for centuries, but their popularity as a security and privacy measure has only recently taken off. Today, there are many different types of window blinds to choose from, including roller, vertical and horizontal types. All of these window blinds come with different features and benefits.
The most popular type of window blind is the roller type. Roller window blinds are made of fabric or plastic and have a series of rollers mounted on a rail. When you close the blinds, the rollers push against the fabric or plastic and create an airtight seal. This prevents sunlight or other light from coming into your room while keeping out noise and distractions.
Why to Buy This Report-
- The report examines the global window blind market by segment, drivers, restraints, opportunities, latest developments, insights, challenges, and market dynamics from 2016 to 2020, with 2021 serving as the base year and 2022-2028 as the forecast period.
- The market’s competitive landscape is discussed in the report, along with the strategies used by the market’s leading players on a local, regional, and global scale.
- In-depth global window blind market segmentation analysis by product type, application, and sales channel.
- The report provides comprehensive and reliable information on every aspect, including CAGR, consumer spending patterns, supply and demand, and import/export statistics for the principal regional nations.
- The market report for window blind includes industry analysis at the global, regional, and national levels and information on important market trends, competitive landscapes, and expansion plans.
Browse Full Report: https://www.credenceresearch.com/report/window-blind-market-60866