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

North America External Blinds Market Overview:

North America External Blinds Market was valued at USD 2.59 billion in 2023, and is predicted to grow at a CAGR of 3.4 percent to USD 3.17 billion by 2030. North America 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, North America, 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 North America 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 North America External Blinds Market:

The North America 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.

 

North America External Blinds Market Dynamics:

The construction and real estate industry in the United States has grown dramatically in recent years. Private construction investment, for example, was around USD 995 billion in 2021 and is likely to rise throughout the forecast period. This can be linked to a number of causes, including improved economic conditions, increased job possibilities, as well as the government's commitment to supporting the construction industry. The growth of the construction and real estate industry has increased demand for a variety of home furnishing products, like external blinds, which is driving the market in forward.

 

Consumers in the United States are more concerned with improving the aesthetic appeal of their houses by decorating them with the best interiors. Moreover, the growing number of working women & their involvement in the house-decorating decision-making processes has increased interest in home design. Furthermore, changing lifestyles, rising income levels, increasing media penetration, as well as the invasion of other cultures have all contributed to increased consumer expenditure on various designs of luxury homeware.  During the forecast period, all of these aspects are expected to play a vital role in the growth of the external blinds market in North America.

 

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 especially in North America. For example, IKEA 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 the globe to develop the GUNRID technology.

 

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.

 

North America External Blinds Market Segment Analysis:

Based on type, the North America 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 North America 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 End-User, the North America 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 North America External Blinds Market.

 

 

North America External Blinds Market Regional Insights:

In 2023, 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.

 

 

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 North America 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 North America External Blinds Market.

 

North America External Blinds Market Scope:

North America External Blinds Market
Market Size in 2023	USD 2.84 Bn.
Market Size in 2030	USD  3.49 Bn.
CAGR (2024-2030)	3%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By Type   Vertical Blinds Roman Blinds Panel Blinds
	By End-User   Residential Commercial
Country Scope	United States Canada Mexico

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

North America External Blinds Market Key Players:

• Lutron Electronics Company (USA)
• Mechoshade Systems LLC (USA)
• Solarfective Products Limited (Canada)
• Springs Window Fashions, LLC (USA)
• Lafayette Venetian Blind Inc. (USA)