The External Blinds Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s External Blinds Global Market Report 2024, 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 in the historic period can be attributed to increase in focus on energy efficiency, rise in demand for aesthetic home improvements, growth in awareness of UV protection, expand in urbanization, and increase in 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 in the forecast period can be attributed to increasing demand for energy-efficient solutions, rising adoption of smart home technologies, increasing residential and commercial construction, increasing awareness of UV protection, increasing trends towards outdoor living spaces, and increasing regulatory incentives for energy conservation. Major trends in the forecast period include integration of smart technology, adoption of energy-efficient solutions, advancements in sustainable and eco-friendly materials, innovation in customization options, and advanced sensor technologies for sun tracking.
The increasing residential constructions is expected to propel the growth of the external blinds market. Population growth and urbanization have a significant impact on residential construction. With the increase in population, particularly in cities, there is a growing demand for housing. Furthermore, low interest rates make mortgages cheaper, encouraging more people to buy homes. External blinds help in controlling the amount of sunlight entering a room and provide a more comfortable indoor environment. It also enhances energy efficiency, comfort, privacy, and security by blocking heat, reducing glare, preventing outside visibility, and protecting windows from weather damage. For instance, according to the Office for National Statistics (ONS), a UK-based non-ministerial department, annual new construction orders surged by 11.4% in 2022 compared to 2021, marking a historic peak of £80.837 billion ($102.16 billion). Therefore, increasing residential constructions is driving the growth of the external blinds market.
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The external blinds market covered in this report is segmented –
1) By Product Type: Roller Blinds, Venetian Blinds, Vertical Blinds, Panel Blinds, Corded Blinds, Other Products
2) By Material Type: Metal, Wood, Plastic, Other Materials
3) By Operating System: Automatic, Manual
4) By Installation: New Construction, Retro-Fit
5) By Application: Residential, Commercial
Major companies operating in the external blinds market are developing exterior solar recharged zipshades to improve energy efficiency, reduce dependency on electrical power, and enhance user convenience with sustainable, self-sustaining technology. Solar-recharged zipshades use integrated photovoltaic panels to capture sunlight, convert it into electrical energy, and store it in a battery, which powers the motor to control the shade’s movement autonomously. For instance, in August 2023, ROLL-A-SHADE, a US-based external blinds company, launched a solar zipshade. It is an innovative exterior shade system that uses solar power for autonomous control, featuring a solar cell on the head box to provide energy. It simplifies installation without needing electrical work, saving time and resources during setup.
The external blinds market report table of contents includes:
1. Executive Summary
2. External Blinds Market Characteristics
3. External Blinds Market Trends And Strategies
4. External Blinds Market – Macro Economic Scenario
5. Global External Blinds Market Size and Growth
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32. Global External Blinds Market Competitive Benchmarking
33. Global External Blinds Market Competitive Dashboard
34. Key Mergers And Acquisitions In The External Blinds Market
35. External Blinds Market Future Outlook and Potential Analysis
36. Appendix
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