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Window Blinds Market Segmented By Horizontal blinds, Verticals Blinds, Roman Blinds and Roll up blinds in Residential, Commercial and Industrial
Over the past few years, the real estate industry has witnessed high growth, owing to which the value of residential construction is increasing. As the number of houses increases, the demand for window coverings also increases, which is boosting the demand for window blinds. Increase in the spending of households is also a key factor driving the window blind market. The growth of the window blind market is also influenced by endorsements by celebrities and TV commercials.
For instance, Hunter Douglas, Inc. is one of the leading manufacturers of window blinds worldwide. The company promotes its products through various commercial ads and uses famous celebrities as brand ambassadors, which has motivated several consumers to adopt its products. Owing to this strategy, the sales of the company’s products rose exponentially in the past few years.
The window blinds market is witnessing an upsurge because of new innovations and developments in technology, which is attracting a large number of users to these products. Hence, major manufacturers of window blinds have started expanding their product verticals and are providing window blinds that are convenient, durable, safe and attractive.
By product type, the global window blinds market is segmented as horizontal blinds, verticals blinds, roman blinds and roll up blinds. Among these product types, the horizontal blind segment is estimated to account for a relatively high value share in the global market. This segment is expected to remain dominant during the forecast period. The portable segment is estimated to account for a value share of 53.2 % in 2018 and is expected to expand at a CAGR of 3.9 % during the forecast period.
The global window blinds market is also segmented based on application into residential, commercial and industrial. The residential segment dominates the global market owing to an increase in residential housing construction. The global window blinds market is further segmented on the basis of window pan operation as manually operated blinds and electronically operated blinds. The electronically operated blind segment is estimated to grow at a higher growth rate during the forecast period owing to advancements in technology and increase in smart homes.
The global market is further segmented on the basis of sales channel. The sales channel segment includes distributors/wholesalers, retailers, commercial sales and online sales. Among all these sales channel segments, the retailer sales segment is expected account for the largest share in terms of value. The retailer sales segment is estimated to account for a value share of 54.1 % in 2018 and register a CAGR of 3.1% during the forecast period.
With the rising demand for the latest technology-based products among customers, various vendors offering window coverings are introducing an increasing number of window blinds with new features along with competitive pricing. The adoption of smart homes is expected to remain high due to advancements in technology and the addition of new features in home automation. This factor is expected boost the adoption of portable window blinds worldwide.
The demand-side participants of window blinds are highly concerned about the safety of their homes or the spaces where they are planning to use window blinds, which is provided as a key feature by manufacturers these days. Moreover, an increase in the number of additional features, along with the basic functionality of window blinds, is expected to boost the demand for window blinds worldwide.
The global window blinds market is primarily characterised by the presence of a large number of regional and multinational companies. The detailed profiles of companies are also included in the global window blinds market report to evaluate their strategies, key product offerings and recent developments.
Some of the key players profiled in the global window blinds market study include Hunter Douglas, Inc.; Springs Window Fashions, LLC.; Newell Rubbermaid; Ristal, Inc.; Blinds To Go Inc.; Hillarys Blinds Limited; Ching Feng Home Fashions Co.; Advanced Window Products, Inc.; QMotion Advanced Shading Systems; Stevens (Scotland) Limited; Budget Blinds, Inc.; Aluvert KZN; Elite Window Fashions; Innovative Openings, Inc.; Canadian Blind Manufacturing Inc.; Rainbow Blind; Jasno Shutters BV; Next Day Blinds Corporation; Stoneside LLC and 3 Day Blinds LLC.