External Blinds Market Growth & Trends
The global external blinds market size is expected to reach USD 20.82 billion by 2030 and is set to expand at 7.9% CAGR from 2023–2030, according to a new report by Grand View Research, Inc. The growth is anticipated to be driven by the increased demand for energy efficiency and space maximization. The rate of adoption of external blinds has also increased as a result of customers’ increased awareness of the rising temperatures spurred on by factors such as global warming.
The advantages of using energy-efficient window coverings on a large scale are significant. Window systems normally account for 25% of annual heating and cooling costs in older homes, but they can account for up to 40%, according to the Attachments Energy Rating Council (AERC). As a result, many homeowners spend significantly more on heating and cooling than the required sum.
The external blinds market continues to be shaped by advanced technological breakthroughs. To meet the demand for top-notch blinds, businesses are developing products with improved technologies. For instance, in 2020, Nexen Group, Inc. introduced Motor Ready Sealed (MRS) precision external blinds. The MRS retains the advantages of the company’s current proprietary precision roller pinion drive system. This system offers zero backlashes, high accuracy, high torque, and rapid acceleration, along with other advantages.
With the increase in technological advancements such as installation of the smart systems in households, manufacturers are focusing on product launches that would complement the smart city infrastructure. For instance, Somfy, a company that motorizes and connects exterior shading products and access management systems, announced its new smart shading and Sonesse ULTRA 30 WireFree Zigbee Li-Ion motor in January 2020. The system can be used with a single swipe on user smartphones, or a remote control, or a straightforward voice command through a smart speaker, to operate the external blinds.
According to the 2020 U.S. Houzz & Home study, 54% of homeowners reported finishing overall renovations, with boomers and Generation X accounting for 85% of remodelers; only 12% of millennials and 3% of elderly people said they renovated their homes. Window coverings and shutters help protect homes in areas known for intense storms. For example, Florida is often hit by hurricanes. In response, homeowners have started adding shutters to their windows to protect the glass from shattering and the contents of their homes from being destroyed by the high winds and torrential rainfall.
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Report Attribute Details Market value in 2023 — USD 11.94 billion Revenue forecast in 2030 — USD 20.82 billion Growth Rate — CAGR of 7.9% from 2023 to 2030 Base year for estimation — 2022 Historical data — 2017–2021 Forecast period — 2023–2030
External Blinds Market Report Highlights
The manual operating system of the external blinds industry has dominated the market with a share of 69.3% in 2022. The installation of the manual operating system is preferred by consumers due to its reliance on safety measures in the cordless short-corded blinds
The retro-fit type of installation dominated the market with a share of 71.8% in 2022. The demand for such retrofit solutions as roller blinds and motorized shades is increasing as consumer spending on house renovations increases
The Middle East & Africa region is expected to register a robust CAGR of 9.7% during the forecast period. The region remains home to a growing population of tourists, with key destinations like Egypt, Dubai, Tel Aviv, Qatar, Istanbul, Kenya, and Abu Dhabi
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