The external blinds market has seen substantial growth, rising from $12.52 billion in 2023 to $13.54 billion in 2024, reflecting an impressive CAGR of 8.1%. Factors such as a focus on energy efficiency and increased awareness of UV protection contribute to this trend. Looking ahead, the market is anticipated to reach $18.6 billion by 2028, growing at a CAGR of 8.3%. Innovations in smart technology and sustainable materials are set to further propel this sector.
Major Driver In The External Blinds Market
The rise in residential construction is expected to significantly enhance the external blinds market. Population growth and urbanization are key drivers behind the increasing demand for housing. External blinds provide essential benefits, including sunlight control, energy efficiency, privacy, and protection from weather damage. The Office for National Statistics reported an impressive 11.4% increase in new construction orders in 2022, reaching a historic peak of £80.837 billion ($102.16 billion). Therefore, the ongoing residential construction boom is propelling the external blinds market.
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External Blinds Market Competitive Landscape
Legrand SA, Hunter Douglas N.V., Somfy Systems Inc., Springs Window Fashions LLC, Renson, Svenska Fönster 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
Key External Blinds Market Trend
The external blinds market is advancing with exterior solar-recharged zipshades to enhance energy efficiency and reduce electrical dependency. In August 2023, ROLL-A-SHADE, a US-based company, introduced a solar zipshade system. This innovation uses integrated photovoltaic panels to autonomously control the shade's movement, simplifying installation and conserving resources.
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External Blinds Market Segmentation
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
By Geography:The regions covered in the external blinds market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
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 External Blinds Global Market Report 2024 furnishes information about the global external blinds market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
