PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1262705
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1262705
Global External Blinds Market is valued approximately USD 10.52 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 7.80% over the forecast period 2022-2029.Exterioe blind is a type of home decor. . To stop heat from coming into direct contact with the window, it is intended to be installed on the exterior of the building. The major driving factor for the market are rising expansion of residential and commercial buildings. Additionally, rising urbanization is driving the growth for the market over the forecast period 2022-2029. Along with this, rising government initiatives is creating lucrative growth opportunity for the market over the forecast period.
As government of different nations are measures to encourage home renovations and development in a variety of regions, it is projected that the market for exterior blinds would expand. For example, the National House Building Council (NHBC) reported that 161,022 new homes were registered with the group in 2019, which is a 1% increase above the total number of new homes registered in the United Kingdom. The government also wants private homebuilders, housing councils, and NGOs to increase annual building to 300,000 by 2025. Similar to this, according to the Federal Statistical Office, 32,000 permits for home construction or conversion were issued in Germany in May 2020, an increase of 3.9 percent Year-over-Year (YoY). Similar to this, it is projected that sales would rise as more people become aware of the useful benefits of shutters and blinds. Along with this, rise in household size as a result of rapid urbanization will fuel market expansion over the course of the forecast period. For instance, it has been predicted that there would be 12.2 million extra dwellings in the United States between 2018 and 2028. This is anticipated to promote market increase for coverings as a whole during the anticipated period. Consumers with high and moderate incomes are the primary target market for the installation of exterior blinds due to their significant purchasing power. However, one of the key factors limiting the market's growth is the cost of automated exterior blinds compared to manual external blinds.
The key regions considered for the Global External Blinds Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2021, North America saw the fastest growth in the use of exterior blinds. The most practical and economical window treatment option are window shades and blinds. In addition, effective energy savings are facilitated by shade installation. For instance, installing blinds set right up against neighboring walls and near to the glass provide a tight seal that reduces both heat gain and loss. The U.S. Department of Energy (DOE) claims that a straightforward arrangement of light-colored draperies paired with white plastic can cut solar heat gain by 33%. Along with this, Asia Pacific is growing with a fastest CAGR owing to rising construction industry. Construction of homes, hotels, public infrastructure, and schools are among the main projects. It is projected that the increase in construction activity will increase demand for blinds and shades in both commercial and residential applications.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable