The global Window Covering Market size is expected to reach USD 36.8 billion by 2025, expanding at a CAGR of 4.2%, according to a new report by Grand View Research, Inc. Increasing number of households, rising per capita income, and rapid urbanization in emerging countries are some of the major factors driving the industry.
Blinds
and shades accounted for 39.5% share of the overall revenue in the market based
on type of the coverings. Changing trends and introduction of technologies in
the product are some of the factors driving the segment. Curtains accounted for
31.5% share of the overall revenue due to their easy accessibility and
cost-efficient features.
On
the basis of application, the residential sector dominated the window covering
market with a share of 55.8% in 2018. Increasing households in countries such
as India and China due to rapid urbanization and various government schemes are
among the prominent factors for the segment growth. The commercial sector is
expected to expand at the fastest CAGR of 4.2% in the forecast period. Growing
hospitality industry due to increasing tourism in countries such as Thailand,
Malaysia, and other European countries are driving the segment.
The
offline segment accounted for 84.6% share of the overall revenue. Purchasing
behavior of the consumer from wholesalers and other home décor outlets is
likely to drive the segment in the forecast period. The online segment is
anticipated to register the fastest CAGR of 4.7% over the forecast period.
Growing usage and penetration of internet in the rural areas is anticipated top
fuel the segment growth in the forecast period.
North
America is the leading regional market and it accounted for 40.0% share of the
overall revenue in 2018. Growing usage of various types of products due to
emerging technologies and frequent changing trends are some of the prominent
factors boosting the market growth in the region. Asia Pacific is expected to
emerge as the fastest growing region over the forecast period. Increasing
number of households and growing commercial sectors such as tourism and
corporate sector are driving the market in the region.
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free sample copy or view report summary: Window
Covering Market Report
Window
Covering Market Report Highlights
- By type,
blinds and shades are projected to ascend at a CAGR of 4.5% over the
forecast period
- By application,
the residential sector held the largest share in the market
- The offline
channel held an overall revenue share of 84.6% in 2018
- Asia Pacific
is expected to be the fastest growing regional window covering market with
a CAGR of 5.1% over the forecast period.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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