Global Window Covering Market Size, Share, Growth Analysis, By Application(Residential and Commercial), By Distribution Channels(Online and Offline)

Description

Global Window Covering Market size was valued at USD 34.70 Billion in 2022 and is poised to grow from USD 37.37 Billion in 2023 to USD 67.65 Billion by 2031, at a CAGR of 7.7%during the forecast period (2024-2031).

Homes are being renovated and altered to incorporate communal and private areas that represent the concept of shared living as the world becomes more urbanized. For market vendors looking at consumption and growth in the residential and commercial sectors, this opens up new possibilities. Window coverings not only improve seclusion in interior spaces but have developed become an important part of home design. These covers provide increased usefulness in terms of business energy efficiency measures. Government initiatives to encourage house building and renovation across many areas are expected to drive market growth. For example, according to the National House Building Council (NHBC), 161,022 new homes were registered with the organization, signifying a 1% rise in the total number of new homes scheduled for construction in the United Kingdom. By 2025, the government also plans to hire municipalities, housing associations, and private homebuilders in order to boost annual construction to 300,000. As of August 26, 2021, the initiative or plan had received funding from the GoI totaling around 31 billion.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Window Covering Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Window Covering Market Segmental Analysis

Global Window Covering Market is segmented on the basis of Application, Distribution Channel, Type, Technology and region. By Application, the market is segmented into Residential, commercial. By Distribution Channels, market is segmented into, Offline, Online. By Type, Blinds & Shades, Curtains, Shutters, Others. By Technology, the market is segmented into Automatic and Manual. By region, the market is divided into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Drivers of the Global Window Covering Market

Window coverings are expected to become more and more in demand nationwide in the near future as constructed, modular, and prefabricated homes become more and more popular. In India, the real estate market has grown significantly throughout the years. The India Brand Equity Foundation (IBEF) projects that the country's housing sector would grow dramatically over the coming years with government assistance. For instance, the Pradhan Mantri Awas Yojana (PMAY) project was started by the Indian government with the goal of constructing 20 million homes nationwide (in urban areas) by the year 2022.

Restraints in the Global Window Covering Market

Window coverings can have a seasonal demand, with demand peaking in the spring and summer when people are more inclined to spend money on home renovation projects. Managing inventory, manufacturing, and sales during off-peak seasons can be difficult for manufacturers and merchants due to this demand seasonality.

Market Trends of the Global Window Covering Market

The development of automated and smart window coverings is being driven by the rising desire for convenience and automation in home products, as well as the increasing acceptance of smart home technology. Customers are becoming more and more accustomed to using motorized blinds, shades, and curtains that can be operated from a distance using smartphones or combined with home automation systems.

Product Code: SQMIG25F2051

Executive Summary

Market Overview
Wheel of Fortune

Research Methodology

Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Parent Market Analysis

Market Overview
Market Size
Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges

Key Market Insights

Technology Analysis
Pricing Analysis
Supply Chain Analysis
Value Chain Analysis
Ecosystem of the Market
IP Analysis
Trade Analysis
Startup Analysis
Raw Material Analysis
Innovation Matrix
Pipeline Product Analysis
Macroeconomic Indicators
Top Investment Analysis
Key Success Factor
Degree of Competition

Market Dynamics & Outlook

Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
Regulatory Landscape
Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers
Skyquest Special Insights on Future Disruptions
- Political Impact
- Economic Impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact

Global Window Covering Market by Application

Market Overview
Residential and Commercial

Global Window Covering Market by Distribution Channels

Market Overview
Online and Offline

Global Window Covering Market Size by Region

Market Overview
North America
- USA
- Canada
Europe
- Germany
- Spain
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA

Competitive Landscape

Top 5 Player Comparison
Market Positioning of Key Players, 2021
Strategies Adopted by Key Market Players
Top Winning Strategies
- By Development
- By Company
- By Year
Recent Activities in the Market
Key Companies Market Share (%), 2021

Key Company Profiles

Hunter Douglas N.V. (Netherlands)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Springs Window Fashions LLC (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Newell Brands Inc. (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Graber (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Comfortex Window Fashions (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Levolor (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Luxaflex (Netherlands)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Rollease Acmeda Pty Ltd (Australia)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Nien Made Enterprise Co. Ltd. (Taiwan)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Somfy Systems Inc. (France)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
QMotion Advanced Shading Systems (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Mechoshade Systems LLC (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Verosol Australia Pty Ltd (Australia)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Kresta Holdings Limited (Australia)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Benthin GmbH (Germany)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Coulisse B.V. (Netherlands)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Lotus & Windoware, Inc. (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Bandalux S.A. (Spain)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
BTX Intelligent Fashion LLC (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Window Blind Connection Inc. (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Hartmann & Forbes, Inc. (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Grafenthaler Fenster und Sonnenschutz GmbH (Germany)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments

Global Window Covering Market Size, Share, Growth Analysis, By Application(Residential and Commercial), By Distribution Channels(Online and Offline) - Industry Forecast 2024-2031