Domestic Window Coverings Market Disrupts Traditional Home Decor with Innovative Solutions, says Market.us

Strong economic growth will drive the market. The market has seen a steady increase in consumer disposable income, which has led to regular changes in window coverings and wall paint. This is also a major driver of the market’s growth.

According to Market.us, “The Domestic Window Coverings Market is projected to reach a valuation of USD 19.29 Billion by 2032 at a CAGR of 4.5%, from USD 12.42 Billion in 2021.” 

Asia Pacific is expected to grow at 9.7% between 2022 and 2030. The rapid growth of emerging economies like India and China has fueled the regional market. Market growth is expected to be positive due to the rise in tourism in countries such as Thailand and Malaysia.

Anurag Sharma, a senior research analyst at Market.us, said, “ The increasing desire to modernize homes and office buildings is a key factor in driving demand for window coverings such as shade, blinds, or curtains. This will boost revenue growth as well as the rapid growth of the hospitality industry. The growing number and quality of restaurants and hotels are also driving demand for window coverings. They are expected to drive global market expansion during the forecast period.”

Home renovations were more popular after the COVID-19 outbreak. Market sellers noticed a decrease in custom window-covering sales after house visits became more restricted. A large DIY market emerged to facilitate affordable home decor remodeling. Different technologies and improvements such as sensor-based window covers, along with an increase in smart homes, offer long-term growth potential.

Smart window solutions like connected blinds, shades and curtains greatly improve comfort and convenience. They also maintain the right mix of natural light and artificial light. This helps to increase comfort, well-being, comfort, and occupant comfort. Somfy, a company specializing in smart home solutions, presented the Sonesse ULTRA30 WireFree Zigbee Lion motor at the Consumer Electronics Show 2020. The device allows users to control the window coverings using a smartphone app, remote control or voice commands.

Many manufacturers are using AI to enhance the consumer experience. A new visualizer developed by Bali, a home-design firm, allows customers to view window treatments for their windows. You can simply upload a photo and choose a treatment to see how it looks inside your home. Users can experiment with different styles and privacy levels to find the right window treatment for them.

The market’s largest segment, the residential segment, accounted for over 55% of global revenue in 2021. This category is driven by the rising number of households in emerging economies like India and China and also the increasing urbanization. According to the FMCA in 2020, the US saw the sale of more than 800,000.

From 2022 to 2030, the commercial segment will grow at a 7.7% faster CAGR. Investments in standardization and product innovations are driving the market for new buildings. Replacement demand is driving the need for sliding and insulation profiles. This is due to their better insulation capabilities, ease of use, and efficient space use.

In 2021, the offline distribution channel contributed more than 80.0% to revenue. Home Center is a preferred home decor store because they offer a wider range of colors and patterns. Because they are cheaper than other markets, Indian consumers prefer to shop wholesale. These reasons will likely boost the segment in the future.

From 2022 to 2030, the online channel will experience an 8.0% CAGR. E-commerce is a growing industry in home decor. It helps companies reach a wider market. Retailers often combine offline and online channels. UNCTAD’s 2020 survey found that there was an increase of 7% in online buyers who make at least one transaction for home furnishings every two months. These factors will likely boost the growth of online shopping during the projected period.

Domestic Window Coverings Market Key Players:

• Hunter Douglas
• Lotus & Windoware, Inc.
• Bombay Dyeing
• MechoShade Systems, LLC
• Lafayette Interior Fashions
• Comfortex Window Fashions
• Insolroll
• Mariak
• Welspun India Limited
• Skandia Window Fashions