PUBLISHER: The Business Research Company | PRODUCT CODE: 1566678
PUBLISHER: The Business Research Company | PRODUCT CODE: 1566678
External blinds are window coverings installed on the exterior of buildings to block sunlight, reduce heat and glare, and protect furnishings from UV damage. They enhance energy efficiency by decreasing the need for air conditioning and offer added privacy and weather protection. Additionally, external blinds can enhance the aesthetic appeal of a building's exterior.
The main types of products in the external blinds market include roller blinds, venetian blinds, vertical blinds, panel blinds, corded blinds, and others. Roller blinds consist of a single piece of fabric that wraps around a cylindrical tube. These blinds can be made from materials such as metal, wood, plastic, and others. They are available with operating systems that include both automatic and manual options and can be installed in new construction or retrofitted into existing residential and commercial premises.
The external blinds market research report is one of a series of new reports from The Business Research Company that provides external blinds market statistics, including the external blinds industry global market size, regional shares, competitors with external blinds market share, detailed external blinds market segments, market trends, and opportunities, and any further data you may need to thrive in the external blinds industry. These external blinds market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The external blinds market size has grown strongly in recent years. It will grow from $12.52 billion in 2023 to $13.54 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth during the historic period can be attributed to several factors, including a greater focus on energy efficiency, a rising demand for aesthetic home improvements, increased awareness of UV protection, expansion in urbanization, and higher disposable incomes.
The external blinds market size is expected to see strong growth in the next few years. It will grow to $18.6 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth during the forecast period can be attributed to several factors, including a rising demand for energy-efficient solutions, growing adoption of smart home technologies, increased residential and commercial construction, heightened awareness of UV protection, trends toward outdoor living spaces, and more regulatory incentives for energy conservation. Major trends expected during this period include the integration of smart technology, the adoption of energy-efficient solutions, advancements in sustainable and eco-friendly materials, innovations in customization options, and the development of advanced sensor technologies for sun tracking.
The rising trend in residential construction is anticipated to drive growth in the external blinds market. Factors such as population growth and urbanization significantly influence residential building activities. As urban populations expand, especially in cities, the demand for housing increases. Additionally, lower interest rates make mortgages more affordable, encouraging more home purchases. External blinds play a crucial role in managing sunlight entering a room, enhancing the indoor environment. They improve energy efficiency, comfort, privacy, and security by blocking heat, reducing glare, preventing outside visibility, and protecting windows from weather damage. For example, the Office for National Statistics (ONS), a UK-based non-ministerial department, reported a significant 11.4% increase in annual new construction orders in 2022 compared to 2021, reaching a historic peak of £80.837 billion ($102.16 billion). Thus, the growth in residential construction is driving the demand for external blinds.
Leading companies in the external blinds market are focusing on developing exterior solar-recharged zipshades to boost energy efficiency, minimize reliance on electrical power, and enhance user convenience with sustainable, self-sustaining technology. Solar-recharged zipshades incorporate photovoltaic panels to capture sunlight, convert it into electrical energy, and store it in a battery to autonomously control the shade's movement. For instance, in August 2023, ROLL-A-SHADE, a US-based company specializing in external blinds, introduced a solar zipshade. This innovative shade system uses solar power for autonomous control, featuring a solar cell on the head box to provide energy. The design simplifies installation by eliminating the need for electrical work, thus saving time and resources.
In March 2022, Hunter Douglas, a Netherlands-based company specializing in window blinds and coverings, acquired a 74% stake in Droma - Sunshade Experts for $230 million. This acquisition is set to enhance Hunter Douglas's presence in Western Europe through Droma's established network. Droma will continue to operate independently under its current management, allowing Hunter Douglas to leverage Droma's operational expertise and market insights. Droma - Sunshade Experts, based in Poland, provides various external blinds, including roof and roller blinds.
Major companies operating in the external blinds market are Legrand SA, Hunter Douglas N.V., Somfy Systems Inc., Springs Window Fashions LLC, Renson, Svenska Fonster AB, Lafayette Venetian Blind Inc., Lutron Electronics Co. Inc., Dickson Constant, Griesser AG, Mechoshade Systems LLC, Kresta Holdings Limited, Aluprof SA, Coulisse B.V., Insolroll Inc., Levolux Inc., Hella Sonnen- Und Wetterschutztechnik GmbH, Brustor NV, Roll-A-Shade Inc., QMotion EMEA, Rolletna, Persianas Canet, WAREMA Renkhoff SE, Shadescape Limited, Winsol NV
North America was the largest region in the external blinds market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the external blinds market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the external blinds market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The external blinds market consists of sales of venetian, roller, vertical, pleated, awnings, external shutters, motorized and remote-controlled blinds. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
External Blinds Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on external blinds market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for external blinds ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The external blinds market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.