Curtain and Window Blinds Market size is forecast to exceed USD 26.8 billion by 2027; according to a new research report by Global Market Insights Inc.
Growing residential & commercial building developments along with rapid urbanization is likely to drive the curtains and window blinds industry growth. The rising disposable income of the consumer group and growing demand for enhancing aesthetics of home with upgrade of window curtains and decor items will drive industry penetration. Further, the development of advanced motorized blinds and usage of a wide range of print fabrics in blinds and curtains are expected to support curtain and window blinds market demand.
Commercialization and rising expenditure on construction activities in the emerging economies including Brazil, South Africa, Poland, and Russia are primarily driving the need for better infrastructure. The demand for institutional and non-residential construction has witnessed a substantial growth in the past few years. This growth can be attributed to improving government & state finances, public funding, and decline in the construction of raw material prices.
However, fluctuating prices of raw materials, such as natural fibers, metals, synthetic fibers, and others, are creating uncertainty in curtains and window blinds product prices. Moreover, COVID-19 pandemic has disrupted the business process functions of several industries across the globe. The exponential rise in positive COVID-19 cases in European countries and shutdown of production facilities for some weeks had severe adverse impacts that are poised to hinder the market growth.
Polyester and metal materials are projected to move with an extensive CAGR
Polyester is a manmade fiber and is used for low range curtain products in several residential sectors, growing with a CAGR of over 4% through 2027. The material is popular owing to its durable & strong properties including less likely to get wrinkled, does not fade or deteriorate quickly, and a good insulator. The use of polyester in blackout curtains will further drive its usage in the bedroom.
Metals, such as aluminum, steel, and others, are widely used for window blinds production. Metal blinds offer several advantages to users including low corrosion compared to other metals. Metal materials for window blinds shall cover close to 20% revenue share by 2027.
Box pleat curtains and window shades grasped a significant curtain and window blinds market share
Box pleat curtains have a box-shaped design across the top of curtains that allow fabric drapes into a deep fold over the full length of the curtains. It is a popular option for a contemporary style of window treatment and is suitable for dining or living room areas. One of the advantages of this type of curtain is, end-users can control the amount of fabric required in designing a box pleat structure. This type of curtain was responsible for around 20% market share in 2020.
Roller and cellular shades together are predicted to capture close to 50% of the window shades market in 2027. The availability of a wide product portfolio coupled with the development of new cellular shades is driving the curtain and window blinds market demand. Other shades, such as roman and pleated, showcase considerable growth owing to the availability of wide fabric portions and high privacy offered by these products in living rooms and bedrooms.
E-commerce distribution channel will seize the highest growth rate
E-commerce is the fastest-growing distribution platform in the industry with a CAGR of more than 3.5% during 2021 to 2027 on account of several discounts offered by this platform on products. Manufacturers including Hunter Douglas own e-commerce platforms and are acquiring several e-commerce platforms globally to extend their e-commerce presence.
The do-it-for-me segment will prove to be the fastest growing industry
The DIFM end-user segment is set to dominate the curtain and window blinds market with around 65% revenue generation in 2027 propelled by the requirement for specialized technical services to install motorized window blinds at homes. The upgrading of manual window blinds into motorized window blinds requires technical services, thereby supporting market growth. The growing connected segment will further provide lucrative opportunities for the segment expansion.
Europe grabbed a noteworthy market share in 2020
The shifting trend toward the usage of composites and linen curtains is responsible for the growth of the curtains market, especially in the European countries. A dire need for improvising the existing infrastructure in several countries will escalate the Europe new commercial curtains market.
The main manufacturers in the global curtain and window blinds market comprise Hunter Douglas Inc., Hillarys, Budget Blinds, LLC, Advanced Window Blinds, Aspect Blinds, Stevens (Scotland) Ltd, Aluvert Blinds, and Franc Gardiner, among others.
