Shades Market: Recent Industry Developments and Growth Strategies Adopted by Players

UNITED STATES, December 1, 2021 /EINPresswire.com/ – Fact.MR recently released a detailed report on the blinds market, projecting a valuation of US $ 4 billion by the end of the forecast period 2021- 2031. By the end of 2021, the market is expected to reach US $ 2.6 billion. Demand for electric blinds is likely to increase, with energy efficiency concerns taking priority, registering a 5% CAGR by 2031.

This recently released and insightful report sheds light on the Shades market insights, key dynamics, their impact on the overall value chain from vendors to end users, and Shades market growth.

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According to a recent study by Fact.MR, blind sales are estimated to be over 110 million units in 2019. The blind industry continues to be influenced by a range of factors, such as the increased business of home renovations and renovations, complemented by a growing focus on renovating aging infrastructure. The study analyzes the Shades market in detail and offers readers an in-depth analysis of the macroeconomic and industry-specific factors affecting the growth of the market.

According to the study, home improvement activities contribute significantly to the growth of the blinds industry. LIRA, the Remodeling Futures program at Harvard University’s Joint Center for Housing Studies, finds that in the United States alone, renovation activity is experiencing a significant increase as rising house prices prevent the majority consumers to make new real estate investments, focusing their focus on maintenance and renovation activities. This, coupled with the advent of environmentally friendly and recyclable materials such as jute and bamboo with the emphasis on sustainability among industry players and consumers, has boosted blind sales.

Key companies profiled
• Hunter Douglas inc.
• Takeaway Stores Inc.
• Ching Feng Home Fashions Co.
• Stevens Scotland Ltd.
• Budget Stores Inc.
• Elite window modes
• Innovative Openings Inc.
• Rainbow Blinds Ltd.
• JASNO Shutters BV
• Next Day Blinds Corporation
• Stoneside LLC
• Springs Window Fashion LLC
• Hillary’s Blinds Ltd.
• Advanced Window Products Inc.
• Manufacturing of Canadian blinds inc.
• Aluvert blinds

Roller Shade Sales Soar With The Introduction Of Patterned Models
The study reveals that consumers continue to show a strong preference for roller shades. Global sales of roller blinds reached nearly 40 billion units in 2018 and are expected to register an annual growth of 3.6% in 2019. Besides the advantages of easy operation, low maintenance requirements and a variety of ‘Convenient installation options, the introduction of patterned products continues to bode well for roller blind sales.

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Manually operated blinds continue to represent a significant market share, with sales of over 70 million units in 2018. However, the Consumer Product Safety Commission (CPSC) and the Window Covering Safety Council (WCSC) have associated these blinds with several dangers. , raising awareness among consumers, which in turn hampered the adoption of manually operated variants. This has favored the sales of electronically controlled blinds, especially in developed markets where the number of smart home projects is experiencing a significant increase, along with the robust adoption of home automation systems.

According to the study, North America remains the largest market for blinds, with sales in 2018 estimated at 32,500 million units. The rapid adoption of home automation systems in developed economies and the recent increase in popularity of electronically controlled blinds that synchronize well with the rising trend of smart homes, are key aspects driving the growth of the blinds market. The economic strength of consumers in North America has further complemented the adoption of various interior space treatment solutions. Improving the management of natural light penetration into rooms has become a top priority for homeowners, which in turn has rubbed off on the adoption of blinds.

The study reveals that South Asia will continue to be an attractive market for blinds, which is expected to register annual growth of more than 5.0% in 2019 compared to 2018. Rapid urbanization, as well as increase in disposable income of the growing middle class population, are essential. macroeconomic trends complementing the growth of the blinds market in the region. In addition, independent retailers account for relatively larger store sales, with a share of over 45% in 2018. Gains also remain significant in hypermarkets or supermarkets and specialty stores, which collectively account for nearly a third of sales, according to the study.

The study by Fact.MR also offers a long-term forecast of the Shades market for the period between 2018 and 2028. The Shades market is expected to register a volume CAGR of around 4.0% until 2028.

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Growing thermal insulation requirements Stimulate sales of blinds in North America?
Fact.MR predicts that the blinds market in North America will generate a revenue share of 35% over the evaluation period 2021-2031. The demand is mainly attributed to the increasing requirements for insulation to trap heat in residential and commercial buildings.

According to the U.S. Department of Energy, each year, a large portion of the energy the U.S. consumes is wasted on transmission, heat loss, and inefficient technology, costing U.S. families and businesses alike. ‘huge financial expenditure and contributes to the increase in carbon pollution. Therefore, achieving energy efficiency is of paramount importance.

In addition, the United States Environmental Protection Agency estimates that good building insulation can save 20% on heating costs. Several regional level manufacturers operate in the North American market. For example, Innovative Openings Inc. offers its Insoroll line of solar and roller shades, offering complete blackout or insulating shades, suitable for use in conference centers, hospitals, schools, home theaters and residential buildings.

Key segments covered
type of product
• Horizontal blinds
• Vertical blinds
• Roman blinds
• Roll up the blinds

Window pane operation
• Manually operated blinds
• Electrically operated window blinds

Application
• Residential window blinds
• Commercial blinds
• Industrial window blinds

Sales channel
• Hypermarkets / Supermarkets
• Specialty stores
• Independent retailers
• Sold online
o Company websites
o Third party online sales

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