DUBLIN, Sept. 28, 2020 /PRNewswire/ -- The "Blinds and Shades - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The global blinds and shades market is expected to feel the heat of the virus-led recession in the short-term, and will grow in the post crisis period to reach a revised projected size of US$12.3 billion by 2027. Global GDP is expected to dip into the red at -3% with the US economy shrinking by a shocking -5. 9%. Unemployment rates have hit never-before highs with the US topping the charts with 12.5% unemployed as a % of total labor force. Social outlook against this background remains grim with households expected witness erosion in wealth. Personal financial outlook, community, economy, job security confidence, purchasing and investment confidence are all tumbling as the human and economic cost of the global pandemic rises. For the furnishings industry this brings grim news of falling sales and revenues as consumers hold back on discretionary spending. In an unprecedented turn of events, the world has been cornered with limited available options. Governments worldwide have been forced to choke off the economy via harsh social distancing measures. Players in the blinds and shades industry will need to brace for impact as a dark and stormy economic climate creeps over the world.
Factors that make blinds and shades important in modern homes and buildings include the need to create the perfect brightness factor for the room; its value as an important interior décor; reduce energy consumption in the home; sound insulation benefits and privacy and perceived security. In the post COVID-19 period, the market will still continue to be driven by the availability of a wide array of trendy, stylish, innovative, fashion-forward and energy saving window treatment solutions; and popularity of smart automated blinds and shades. Continuous technology innovation geared to enhance product functionality and performance will therefore remain crucial to growth. Recovery in construction activity and home values will be vital for the market's growth revival. Like the pre-pandemic period, consumer preference for custom blinds; and rise in smart homes and the launch of energy efficient smart-glass based window shade solutions as a replacement for electronic window shades will spur gains.
Few of the trends that were in vogue in market before the pandemic included growing popularity of roman blinds as the perfect window dressing solution for kitchens, dining rooms and bathrooms; come back of patterned blinds and shades in tropical prints after a decade long obsession with plain beige and white colors; marked preference for layered drapes and blinds for their ability to create an illusion of a grander window; strong demand for automated and motorized blinds and shades given their convenience, safety, and programmable benefits; and rising prominence of energy efficient insulating products and the ensuing demand for cellular blinds or honeycomb blinds made from multiple fabrics woven to form a honeycomb-like shape. All of these trends, although currently in hiatus, will bounce back once the economic climate improves.
In the emerging markets rapid urbanization; expanding base of affluent middle class homeowners and a parallel rise in aspirational spending on branded home furnishing products; investments in commercial real estate; and strong demand for green eco-friendly solutions like shades & blinds manufactured from woven wood, reeds, bamboo, grasses and jute, will drive growth during the post-pandemic period through 2027.
Competitors identified in this market include, among others:
3 Day Blinds LLC
Decora Blind Systems Ltd.
Elite Window Fashions
Hunter Douglas N. V.
Innovative Openings, Inc.
Maxxmar Window Fashions
Nien Made Enterprise Co. Ltd.
Rollease Acmeda Pty. Ltd.
Springs Window Fashions, LLC
Vasa Window Coverings
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Blinds and Shades: An Introduction
Blinds: A Prelude
Select Types of Blinds
Commonly Used Materials in Blinds
Select Types of Shades
Blinds and Shades: Providing Optimum Comfort, Health, and Well-being by Reducing Glare, Maintenance Cost, and Energy Usage
Superior Attributes of Blinds and Shades over Curtains Supports Market Development
Blinds: Essentially the New Screens for Windows
Blinds: A Sought-After Window Covering
Global Market Prospects and Outlook
Developed Countries Represent Traditional Revenue Generators, Developing Countries to Spearhead Market Growth
Impact of COVID-19 on Home Decor Industry & Blinds and Shades Market
The Web of Disruption Spun by COVID-19 Has Consumers Pinching Pennies: Net Intention of Consumers Planning Increase/Decrease in Spending for Year 2020
COVID-19 Pandemic Dents Prospects in Construction Industry, Affecting Window Coverings Market
Supply Chain Disruptions
Companies to Gear up to Face the Crisis
Opportunities for Companies to Adapt Innovatively
World Construction Industry (in US$ Trillion) for the Years 2017, 2019 & 2022
An Intensely Competitive Market
Incorporation of Advanced Technologies: Essential for Success in the Marketplace
Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/o7j7re
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