Middle East and Africa External Blinds Market: Industry Analysis and Forecast (2023-2029)
Middle East and Africa External Blinds Market is expected to grow at a CAGR of 3.8% during the forecast period. Market is expected to reach US$ 0.53 Bn. in 2029
Format : PDF | Report ID : SMR_832
Middle East and Africa External Blinds Market Overview:
Middle East and Africa External Blinds Market was valued at USD 0.37 billion in 2021, and is predicted to grow at a CAGR of 3.8 percent to USD 0.46 billion by 2027. The Middle East and Africa 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, Middle East and Africa, 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 2022 to 2027, the report provides a complete analysis that reflects today's Middle East and Africa 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.
COVID-19 Impact on Middle East and Africa External Blinds Market:
Middle East and Africa 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, 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.
Middle East and Africa External Blinds Market Dynamics:
Booming hospitality industry
The Middle East is expected to grow as one of the world's most competitive regions for the hospitality industry to a global consumer base. The world-class infrastructure and other facilities and an exceptional geographic placement on the global stage is a key reason for a huge number of hotels and tourism in the Middle East. In 2022, hotel demand in the majority of Middle East and North Africa (MENA) markets is predicted to grow over 15% compared to 2021.
The Qatar Tourism Authority or the QTA has set a goal of attracting 7 million visitors annually by 2030. As per the Qatar National Tourism Sector Strategy 2030, the QTA outlined a tourist strategy describing their approach to increasing the tourism and hospitality business. Thus, the increasing number of luxury hotels and infrastructure in the Middle East is the key driving force for the external blinds market in this region.
However, for many African families, owning a nice home remains a dream. Efforts to address the continent's housing problem are challenged by a shortage of affordable housing funding, high prices of urban land and insufficient security, increasing construction costs, and the prevalence of slums. Thus, the most of the African region is expected to hold a negligible share in the external blinds market.
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 especially in Africa. While market giants like Hunter Douglas successfully leveraged the green blinds market opportunities over the past, other companies 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.
Protection and security
Safety is key especially in the Middle East. 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, hailstorms or even mosquitoes in the African region.
Middle East and Africa External Blinds Market Segment Analysis:
Based on type, the Middle East and Africa 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 2021 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 Middle East and Africa 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 3.8 percent, with over 30 million units sold.
Based on Operation, the Middle East and Africa External Blinds Market is classified into Manual, Automatic. The manual segment dominated the market in 2021, 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 Middle East and Africa 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 Middle East and African market is seeing an increase in demand for organic & eco-friendly fabrics.
Based on End-User, the Middle East and Africa External Blinds Market is classified into Residential, Commercial. The residential segment has a major share in this market segment in 2021, 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 Middle East and Africa External Blinds Market.
Middle East and Africa External Blinds Market Regional Insights:
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 Middle East and Africa 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 Middle East and Africa External Blinds Market.
Middle East and Africa External Blinds Market Scope:
Middle East and Africa External Blinds Market Scope
Market Size in 2022
Market Size in 2029
USD 0.53 Bn.
by End User
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
Middle East and Africa External Blinds Market Key Players:
Frequently Asked Questions
The segments of End-User, Operation, Material, Type and Region are covered in the Middle East and Africa External Blinds Market report.
UAE is expected to hold the highest share in the Middle East and Africa External Blinds Market.
The market size of the Middle East and Africa External Blinds Market is expected to reach 0.53 Bn by 2029.
The forecast period for the Middle East and Africa External Blinds Market is 2023-2029.
The market size of the Middle East and Africa External Blinds Market in 2022 was 0.41 Bn.
- Scope of the Report
- Research Methodology
- Research Process
- Middle East and Africa External Blinds Market: Target Audience
- Middle East and Africa External Blinds Market: Primary Research (As per Client Requirement)
- Middle East and Africa External Blinds Market: Secondary Research
- Executive Summary
- Competitive Landscape
- Market Share Analysis by Country in 2022 (%)
- Saudi Arabia
- South Africa
- Stellar Competition matrix
- Key Players Benchmarking: by Product, Pricing, Investments, Expansion Plans, Physical Presence, and Presence in the Market.
- Mergers and Acquisitions in Industry: M&A by Region, Value, and Strategic Intent
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- PESTLE Analysis
- PORTERS Five Force Analysis
- Value Chain Analysis
- Market Share Analysis by Country in 2022 (%)
- Middle East and Africa External Blinds Market Segmentation
- Middle East and Africa External Blinds Market, by Type (2022-2029)
- Roller Blinds
- Vertical Blinds
- Roman Blinds
- Panel Blinds
- Corded Blinds
- Venetian Blinds
- Pleated Shades
- Zip Screens/Blinds
- Roller Gates/Shutters
- Middle East and Africa External Blinds Market, by End-User (2022-2029)
- Middle East and Africa External Blinds Market, by Material (2022-2029)
- Middle East and Africa External Blinds Market, by Operation (2022-2029)
- Middle East and Africa External Blinds Market, by Type (2022-2029)
- Company Profiles
- Key Findings