External Blinds Market: Industry Analysis and Forecast (2024-2030)

External Blinds Market Overview:

The External Blinds Market was valued at USD 7.4 billion in 2021, and is predicted to grow at a CAGR of 3.4 percent to USD 9.04 billion by 2027. The External Blinds Market is studied by segments like Type (Roller Blinds, Vertical Blinds, Roman Blinds, Panel Blinds, Corded Blinds, Venetian Blinds, Honeycomb, Pleated Shades, Zip Screens/Blinds, Roller Gates/Shutters, Others); Operation (Manual, Automatic); Material (Natural, Synthetic); End-User (Residential, Commercial); and Region (North America, Europe, Asia-Pacific, and Rest of the World). The report consists of the Trend, Forecast, Competitive Analysis, and Growth Opportunities of the market.

 

For the forecast period of 2024 to 2030, the report provides a complete analysis that reflects today's External Blinds Market realities and future market prospects. To provide a comprehensive perspective of the market, the research segments and analyses it in great detail. The key data and observations offered in the study can help market participants and investors identify low-hanging fruit in the market and build growth strategies.

 

 

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COVID-19 Impact on External Blinds Market:

The external blinds market dropped significantly during the COVID-19 pandemic, owing to lockdowns and slow progress in the construction industry, particularly in the real-estate sector. During the peak of the pandemic, metropolitan areas became the epicenter of cases, reporting 90% of active cases, causing authorities to impose strict lockdowns that hampered home development projects. The sluggish performance eventually diminished, notably since Q2 2021, encouraging estimates to improve. However, the pandemic's long-term effects are expected to remain as businesses continue to enforce remote working policies, resulting in the execution of a small number of construction projects.

 

During the pandemic, home renovations became more popular, although market sellers reported a drop in customized external blinds sales. This was also because of the ban on house visits. In addition, a sizable DIY industry arose as a means of facilitating "cheap home décor renovations." Trade shows were also cancelled or postponed.

 

External Blinds Market Dynamics:

Booming real estate market with government support:

During the forecast period, the growing real estate market is likely to promote the external blinds' market expansion. The rising popularity of prefabricated, modular, and manufactured homes is likely to increase blind demand in the near future across various countries. Over the years, the Indian real estate industry has grown significantly. The India Brand Equity Foundation or IBEF predicts that the Indian residential sector will grow significantly in the future years, with the help of government support. For example, the Government of India (Gol) started the Pradhan Mantri Awas Yojana, PMAY, project in June 2015, with the goal of constructing 20 million residences across the urban areas of the country by 2022. The initiative/scheme received around 31 billion in funding as of August 26th, 2021.

 

The expanding hospitality business is likely to drive market expansion at a macro level over the forecast period. As travelling is resumed across the globe, the demand for hotels, airbnbs, hostels and other such hospitality locations increase driving the growth of the external blinds market.

 

Protection and security:

When it comes to security and privacy, both individuals and businesses are concerned. Blinds & shades are both safe and attractive when it comes to enhancing the environment. They are important in providing energy-efficient protection and security at homes, and with continued growth and advancements in the products and its insulation, which is most commonly required in harsh weathers, it is gaining a large consumer base for the external blinds market. Furthermore, manufacturers are emphasizing on product durability to safeguard clients from adverse weather such as excessive heat, cold, or even hailstorms.

 

Technological Innovations:

Numerous firms in the home furnishing sector have increased their efforts to maximize the business potential in the external blinds market in recent years, owing to rising consumer interest in home aesthetics and innovative blinds. For example, IKEA, a Swedish furniture retailer, announced in February 2019 that it would launch a new air purifying Gunrid blinds. A photocatalyst mineral was included in the fabric to break down the pollutants during the day, reducing the chance of dangerous emissions entering a home. IKEA collaborated with institutions across Europe and Asia to develop the GUNRID technology.

 

Recent changes in the textile industry over the years, particularly in Asian countries, are likely to inspire new players to enter the external blinds market. For example, in February 2021, the Gol in its Budget 2021-22 proposed a plan to build major textile parks in India to improve the domestic textile industry as well as attract large investors. In terms of manufacturing, government support like these is likely to result into low-cost labor and raw supplies.

 

Adoption of eco-friendly materials:

Over the forecast period, rising demand for environmentally friendly anticipated to drive new companies to enter the external blinds market. While market giants like Hunter Douglas successfully leveraged the green blinds market opportunities over the past, other companies like Apollo Blinds in the United Kingdom are adopting innovative methods to offer external blinds manufactured from recyclable and environmentally friendly materials. Green materials, like bamboo for blinds, decompose faster in landfills than synthetic fabrics & materials. As a result of the increased acceptance of bamboo across a larger variety of consumers, external blinds companies that use bamboo as a principal raw material have a lot of potential.

 

Replacements and copying:

The cost of external blinds is comparatively low. However, there are replacements for them in the market. Tie-up curtains, roller and shutter shades, window film, grass shades, and other alternatives are less expensive. Some of the products are low-cost, while others have a longer shelf life. When compared to external blinds and shades, roller shutters have a longer shelf life and give better security.

 

The designs and styles of the major manufacturers are being copied by certain regional companies in the external blinds market. These types of operations are posing a threat to the global external blinds market's growth. However, major manufacturers may overcome this difficulty and benefit on new opportunities in the external blinds market by improving client awareness through campaigns and advertisements.

 

Concerns regarding corded blinds:

Various restrictions restricting corded external blinds have been enacted in recent years, most notably in Canada. Over the last three decades, Health Canada, a government of Canada department, has been striving to reduce the dangers associated with the use of corded blinds in Canada, prompted by an increase in the number of children dying as a result of this risk. To address this avoidable risk, Health Canada issued new corded blinds regulations in May 2019 that limit the size of loops and cord lengths on blinds (both ready-made and bespoke) sold across the country. Governments in underdeveloped nations are also expected to adopt such rules in the future years to protect kids from this possible danger. It is critical for manufacturers to adapt to these new rules in order to remain competitive in today's highly competitive industry.

 

External Blinds Market Segment Analysis:

Based on type, the External Blinds Market is classified into Roller Blinds, Vertical Blinds, Roman Blinds, Panel Blinds, Corded Blinds, Venetian Blinds, Honeycomb, Pleated Shades, Zip Screens/Blinds, Roller Gates/Shutters, Others. Roman blinds dominated the global market in 2023 due to their decorative appeal along with protection from external heat and dust. Other types of blinds like are also preferred according to the customers' convenience and budget.  Due to the increased popularity of energy-efficient products, the external blinds industry is expected to influence by cellular blinds and honeycomb blinds made from several natural materials to form a honeycomb-like shape in the coming years. 

 

 

Venetian blinds are also becoming increasingly popular among customers, and are likely to account for a significant share in the external blinds market over the forecast period. Venetian blinds are also less expensive than other blinds, which is why they are preferred by a large group of low-income families around the world. By 2031, demand for roller blinds is expected to expand at a CAGR of 3.4 percent, with over 30 million units sold. 

 

Based on Operation, the External Blinds Market is classified into Manual, Automatic. The manual segment dominated the market in 2023, as the adjustment and position can be controlled by hand and thus the blind height can be simply lowered or raised without going through a complicated process. Meanwhile automated system is gaining its momentum as the income levels of the population increases with a better understanding of technology too.

 

Based on Material, the External Blinds Market is classified into Natural, Synthetic. The natural segment which can include wood, cotton fabric etc. dominates this segment due to their and heat protectant properties. Furthermore, due to increased consumer demand for healthier products and growing worries about hazardous chemicals, synthetic fabrics and their sensitivities, the global market is seeing an increase in demand for organic & eco-friendly fabrics.

 

Based on End-User, the External Blinds Market is classified into Residential, Commercial. The residential segment has a major share in this market segment in 2023, owing to an annual growth in residential buildings and remodeling, which necessitated safety, privacy, and ambiance. As the offline workplaces open up, the commercial segment is also estimated to grow at a decent rate in the external blinds market.

 

External Blinds Market Regional Insights:

In 2021, the North American region dominated the External Blinds Market and was valued at USD 2.59 billion. The market in North America is mainly driven by the increase in the number of properties and houses, which means increase in demand for external blinds. Due to this region’s topography, different regions need different protection against the external environment like sun, wind, dust and snow. With a large population of millionaires, external blinds market not just for protection but aesthetic purposes are also in great demand in the North America.

 

Europe is the second largest dominant market for external blinds. The increased popularity of natural/environmentally friendly goods is driving the expansion of the European external blinds market. The United Kingdom, Germany, and France are the top importers of external blinds especially of eco-friendly or natural material in Europe. Companies benefit from producing customized and unique "Made in Germany" external blinds and shades, as Germany is one of the larger European markets, and the attitude of relaxed living is gaining traction among Germans. External blinds are primarily sold in Europe's middle & lower market sectors.

 

Due to increased disposable income and an improving standard of living in the APAC region, particularly in India and China, Asia Pacific is estimated to grow at a considerable rate in the future years. To stay relevant in the market, industry actors are employing a variety of techniques. The market will grow as long as construction activities in this region continue to improve the aesthetic appeal of the residential and commercial sectors. Furthermore, the quickly expanding infrastructure has resulted in a high need for infrastructural development, resulting in an increase in the demand for external blinds in both the commercial and residential sectors.Many countries in the APAC region fall in the tropical zone and they require protection from heat and external environment which makes this region an important one for the External blinds market.

 

The markets of South America, the Middle East, and Africa currently make up for a minor portion of the global external blinds market. In the regional market for external blinds and shades, Brazil is poised to emerge as a key player. The growing demand for natural materials in external blinds in Brazil is driving the industry. In Brazil, wood blinds are among the most popular external blinds. Over the forecast period, the increased demand for privacy and security among Brazilians is expected to contribute significantly towards the demand for external blinds in the country.

 

To understand the External Blinds industry and study the market trends. Focusing on the Food External Blinds, knowing the drivers and challenges of the same. Understanding the market segment geographically to gauge the growth potential.

 

The report includes analytical models like the Porter’s Five Forces, which helps in understanding the operating environment of the competition in the External Blinds Market and thereby study the stakeholders to derive an efficient strategy; and PESTLE Analysis to gain a macro perspective of the External Blinds Industry in terms of political aspects like Government stability, policies, trade regulation and economic aspects like market trends, taxes and inflation. It also provides the effect of environmental factors and influence of social and legal aspects on the External Blinds Market.

 

External Blinds Market Scope:

External Blinds Market
Market Size in 2023	USD 8.17 Bn.
Market Size in 2030	USD 10.33 Bn.
CAGR (2024-2030)	3.4%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	by Type Roller Blinds Vertical Blinds Roman Blinds Panel Blinds Corded Blinds Venetian Blinds Honeycomb Pleated Shades Zip Screens/Blinds Roller Gates/Shutters Others
	by End User Residential Commercial
	by Operation Manual Automatic
	by Material Natural Synthetic
Regional Scope	North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

 

External Blinds Market Key Players:

• Ching Feng Home Fashions Co., Ltd. (Taiwan)
• Griesser AG (Switzerland)
• Hunter Douglas NV (Netherlands)
• Lafayette Venetian Blind Inc. (USA)
• Legrand (France)
• Lutron Electronics Company (USA)
• Mechoshade Systems LLC (USA)
• Nien Made Enterprise Co Ltd. (Taiwan)
• Persianas Canet S.A (Costa Rica)
• Qmotion Shades (UK)
• Schenker Storen AG (Switzerland)
• Solarfective Products Limited (Canada)
• Springs Window Fashions, LLC (USA)
• TOSO CO. LTD. (Japan)
• Roll-A-Shade (USA)