PUBLISHER: Grand View Research | PRODUCT CODE: 1772296
PUBLISHER: Grand View Research | PRODUCT CODE: 1772296
The global blinds and shades market size is expected to reach USD 24.63 billion by 2030, expanding at 9.1% CAGR from 2025 to 2030, according to a new report by Grand View Research, Inc. The increasing expenditure on interior decoration continues to create lucrative opportunities for window blinds and shades. Robust development in emerging economies is likely to drive the market in the forecast period. Increased disposable income of the consumer group has led to frequent changes in coverings with changing wall paints and other home decor items. This has also become a prominent factor, which has propelled the market growth.
The growing interest of individuals and professional designers in window blinds and shades coupled with the increasing inclination toward motorized and automated blinds and shades is supporting market growth. Consumers with high and moderate incomes are the major target customers for window coverings owing to their high spending power. Furthermore, with increasing urbanization and globalization trends, home decor has become more popular in both developed and emerging economies such as India, Brazil, and China. This increase in home decor is boosting the demand for blinds and shades in the residential sector.
The blinds segment accounted for the maximum share of the market. The growing demand for these products in countries including the U.S., Germany, U.K, France, Spain, Italy, and other European countries owing to the incorporation of smart and advanced technology in these products is expected to fuel the demand in the near future. Moreover, the increasing applications of these products in both commercial and residential sectors, including houses, hospitals, hospitality, retail, office, and school have been driving the market for the product over the world.
The residential segment accounted for the largest market share of the blinds and shades market in 2024. The growing number of residential constructions along with rapid urbanization in developing economies including China and India is anticipated to drive the residential demand for the product in the upcoming years. For instance, the government of India announced in Union Budget 2021, to support initiatives such as 'Housing for All' and 'Smart Cities Mission', the government allocated USD 1.89 billion to Atal Mission for Rejuvenation and Urban Transformation (AMRUT) and Smart Cities Mission.
The rising adoption of smart home products in houseware is adding to the growth of the smart window blinds and shades market. In addition, the emergence of smart homes as a result of the luxury lifestyle is also attracting consumers toward smart or motorized window covering. This is accelerating market growth. Window treatment is believed to be the most cost-effective way to improve home energy efficiency. According to the U.S. Department of Energy (DOE), heat gain or heat loss through windows accounts for 25%-40% of annual heating and cooling costs. This is expected to propel the market growth over the forecast period.
The blinds and shades market is consolidated in nature with the presence of a large number of international players and a few regional players. Hunter Douglas, Springs Window Fashions, Hillarys, Aspect Blinds, Aluvert Blinds, Kresta, AWB - Advanced Window Blinds, Elite Window Fashions, Canadian Blind Manufacturing Inc., Next Day Blinds Corporation, and Day Blinds LLC.