The global window covering market is projected to touch USD 36.8 billion by the end of 2025, according to a new report by Million Insights. The market is estimated to grow at a CAGR of 4.2% during the forecast years. The rise in the number of households and rapidly growing urbanization coupled with increasing consumers’ purchasing power are the primary factors supplementing the market growth.
Blinds and shades held nearly 40% of the market share, in 2018. Changing preferences and the introduction of innovative technologies are fueling the segment growth. On the other hand, curtains occupied 31.5% of the market share because of its cost-effectiveness and easy availability.
Get Free PDF Sample Copy of the Report (Including Full TOC, List of Tables & Figures, Chart and Covid-19 Impact Analysis): https://www.millioninsights.com/industry-reports/global-window-covering-market/request-sample
COVID-19 Impact analysis
Window covering market has been negatively affected owing to the COVID-19 outbreak. There has a significant decline in the construction of commercial and residential houses. Therefore, a drop in the real-estate construction has adversely affected the market growth. Owing to the closure of retail stores across the different parts of the world, window covering sales has been reduced considerably. However, with the relaxation in lockdown norms across different parts of the world, the demand for window covering is witnessing a surge again. Introduction of cost-effective and durable products is anticipated to bode well for the growth of the market.
Based on the application, the residential sector held the largest market share with over 50%, in 2018. The rise in the number of households in emerging countries such as China, India and Brazil is propelling the growth of this segment. The commercial sector is anticipated to grow at the fastest CAGR of 4.2% over the forecast years. Rise in the hospitality industry coupled with the increasing tourism industry in countries such as Malaysia, Thailand and others are driving the growth of the commercial sector.
Among different sales channels, the offline segment held 84.6% of the market share, in 2018. Consumers’ inclination for purchasing through wholesalers is driving the offline segment growth. The online segment, on the other hand, is projected to exhibit a CAGR of 4.7% during forecast years, 2019 to 2025. Factors such as availability of a wide range of products, easy doorstep delivery, price comparison and others are aiding to the growth of the online segment.
North America held the largest window covering market share, in 2018 with over 40%. The presence of key market players and changing trends towards home decoration are driving the region’s growth. Asia Pacific is likely to grow at the fastest CAGR, during the forecast period. Rising urbanization in countries such as India and China is the key factor driving regional growth. Further, growing tourism in countries such as Malaysia and Thailand is also proliferating the region’s growth.
Further key findings from the report suggest:
- Among different types, blinds and shades segment is expected to grow at a CAGR of 4.5% over the forecast period.
- Among different applications, the residential segment occupied the largest share, in 2018.
- Offline channels alone held over 80% of the market share, in 2018.
- North America was the leading region, for 2018 in terms of revenue. However, Asia Pacific is likely to grow at the highest CAGR during the forecast period.
Top Key players profiled the Window Covering Market report include : Insolroll, Welspun India Limited, Lafayette Interior Fashion, Lotusblind, MechoShade Systems LLC, Hunter Douglas, Bombay Dyeing and Comfortex Window Fashion
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The global Domestic Window Covering Market report offers a comprehensive assessment of the market for the forecast years.
This global industry offers an outlook on the strategic development of the market in terms of revenue profits over the forecast period 2021-2026.The key market players for the global Domestic Window Covering market are listed below:Springs Window FashionsNien Made EnterpriseTachikawa CorporationNichibeiTOSO CompanyGriesser AGSkandia Window FashionLafayetteSchenker Storen AGSilent GlissChing Feng Home FashionsLutron Electronics CompanyDecora Blind SystemsBudget BlindsMechoshade SystemsOthersClick here to get a FREE Sample Copy of the Domestic Window Covering Market Research Report @ https://www.decisiondatabases.com/contact/download-sample-25381The Global Domestic Window Covering Market Report is equipped with market data from 2016 to 2026.
The report is bifurcated by top global manufactures mentioning sales, revenue, and prices as applicable.
It also evaluates the competitive scenario of the leading players.
The detailed sales channel is also covered in the study.COVID-19 Impact Analysis on Domestic Window Covering MarketThe global pandemic COVID-19 has affected the Domestic Window Covering market directly or indirectly.
The detailed study highlights the probable outcomes of this global crisis on the Domestic Window Covering industry.
During the colder months, being bundled up in your comforter in front of the fireplace or the fireplace with your favorite book or mug of hot chocolate is what we all desire.
But there are many ways in which you can winterproof and insulate your home that will help you cut costs on the energy bills.
This shade also comes in different colors and fabrics and you can easily find a design that matches the home interior.
Draperies are available in different fabrics and you can choose a heavy fabric or even layer multiple layers of fabric over one another to control the temperature inside your home and prevent cold air from entering inside the house.
You can even add drapes over your existing window treatments to add a layer of insulation and also to make your room more aesthetically appealing.
Window QuiltsWindow quilts are made from foam or other such substances that cut out outside cold during the winter months and heat during the summer months thus making them great insulating material.
A Window Blind is simply a kind of window covering.
However, there are several different types of window blinds that use various types of control systems to operate them.
A window covering can make a dramatic impression on the décor of any room.
There is no surprise that there are different options for window coverings that are available in the markethttp://curtainandblindsdubai.com/motorized-blinds/Call now: 056 777 2414 [email protected]
