Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
The exclusive COVID-19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the global automated external blinds market. In addition, complete analysis of changes on the global automated external blinds market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on Global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. Some sectors such as household cleaning and frozen foods, have witnessed a certain rise in consumer demand and have had to navigate the largely positive problem of keeping up their supplies. Others, however, have seen precipitous drops in sales and significantly decreased foot traffic in retail stores. Much of this has to do with the accelerated jump to a mostly online world. Companies had to become flexible with product offering and significantly decreased foot traffic in retail stores. The entire consumer good industry, in fact, has been forced into digital age. For those suffering from limited cash flow, it’s certainly not easy to implement the required changes but in many ways, this shifts to an online world was inevitable.
Innovative energy saving features in blinds and shades, such as smart solar shades and automated honeycomb shades have encouraged customers to install these in green building infrastructure. Moreover, this is expected to significantly support concept of smart buildings coupled with distributed energy systems. On the other hand, growing customers inclination towards eco-friendly products such as blinds made of natural fibers is positively influencing growth of the blinds and shades market. Growing consumer awareness about sustainable or eco-friendly products are projected to support consumers buying behaviour in the blind & shades market.
Customizing product according to consumer needs is the key strategy followed by the key manufacturers in the blind & shades market. Some of them are blackoCut cellular shades offered by Levolor, light filtering cellular shades offered by Bali, etc. Adding color and texture for home décor are boosting installation of layered and energy saving window blinds and shades. Moreover, customized functionality offered along with varying product materials for consumer-preferred demands such as light control are expected to fuel growth of the global blinds and shades market.
The high cost of the automated external blinds is likely to hinder the growth of the global automated external blinds market.
The automated external blinds require high maintenance compared to manual external blinds, which may also challenge the growth of the global automated external blinds market.
The report provides in-depth analysis of global automated external blinds market, market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. With increasing demand for various automated external blinds in various applications has led the increasing demand for market and is expected to witness the growth at a specific CAGR from 2022-2028.
The global automated external blinds market is comprised of various segments such as product, price, material, distribution channel, end user and geography.
The various products comprised in the global automated external blinds market are venetian blind, vertical blind, roller blinds, micro blinds and panel blinds. An increase in investments in the production of blinds and shades in Western Europe in a healthy way is expected to lead to significant market share for these countries. The region, particularly markets such as Germany, will see higher investments in the future, as activity increases and the business scenario improves post COVID restrictions. Germany, followed by U.S., is anticipated to see high growth in the automated blinds and shades market, owing to notable purchasing potential of customers. The market is Germany is expected to be worth almost one-fourth of that in Europe, throughout the period of forecast.
The automated external blinds market is segmented by various prices such as low, medium and high. The medium segment is likely to dominate the market during the forecast period. The key factors such as innovative energy saving features in blinds and shades, such as smart solar shades and automated honeycomb shades have encouraged customers to install these in green building infrastructure. Moreover, this is expected to significantly support concept of smart buildings coupled with distributed energy systems. On the other hand, growing customers inclination towards eco-friendly products such as blinds made of natural fibers is positively influencing growth of the blinds and shades market. Growing consumer awareness about sustainable or eco-friendly products are projected to support consumers buying behaviour in the blind & shades market.
The various materials comprised in the global automated external blinds market are metal blinds, wooden blinds, plastic blinds, fabric blinds and others. An increase in investments in the production of blinds and shades in Western Europe in a healthy way is expected to lead to significant market share for these countries. The region, particularly markets such as Germany, will see higher investments in the future, as activity increases and the business scenario improves post COVID restrictions. Germany, followed by U.S., is anticipated to see high growth in the automated blinds and shades market, owing to notable purchasing potential of customers. The market is Germany is expected to be worth almost one-fourth of that in Europe, throughout the period of forecast.
The various distribution channels comprised in the report are online and offline. The offline segment is likely to dominate the market during the forecast period. Over the past two decades, the FMCG (fast-moving consumer goods) sector in India has witnessed remarkable transformation especially in terms of adopting online sales across different categories. Facilitated by changes in consumer behaviour, rapid urbanisation, rising disposable incomes and internet penetration, e-commerce has grown exponentially providing growth opportunities to both big and small players in the FMCG industry. As per reports by Nielsen, a market research firm, the contribution of e-commerce to total FMCG sales is expected to go up to 11 percent by 2030. With huge opportunities for growth and development in the e-commerce segment, the competition in the FMCG sector is set to become tighter where both offline and online retail strategies will hold the key.
E-commerce is gradually transforming how business is done in India. From $38.5 billion in 2017, the Indian e-commerce market is expected to reach $200 billion by 2026. Growing at a YoY rate of 5 percent, the e-commerce market in India is expected to become the second-largest by 2034, surpassing that of the United States. The e-commerce trend is gaining immense popularity even in the tier-2 and tier– 3 cities of the country as they now make up nearly half of all shoppers and contribute three of every five orders for leading e-retail platforms. With the end of the Covid-19 pandemic, the figures are expected to become further impressive as e-commerce is expected to cross 10 percent over the coming years from the present share of 4-5 percent.
The various end users such as residential and commercial are comprised in the global automated external blinds market. The residential applications is likely to dominate the market during the forecast period. Home decor is an effective way of portraying the lifestyle that a consumer believes in. Home decor products are used in the decoration of an apartment or a house with various accessories and furnishings to provide a more aesthetic and pleasant appeal to the building. Items in home decor include household furniture, lamps, textiles, floor coverings, pots, candles, artifacts, furnishing items, etc. Home decor has been gaining prominence across both developed and developing markets with increasing urbanization and globalization trends. Globalization is now enabling easy and wide availability of such decorative items, designs and ideas to consumers. Homeowners are also realizing the need of such items and are often searching for them to keep their homes more attractive and organized.
The global automated external blinds market is studied for key regions such as North America, Europe, Asia Pacific and Rest of the World. The North America is likely to dominate the market during the forecast period. US is considered as a lucrative market for blind & shades and is expected to register a significant CAGR of 2.2%. According to the US Census Bureau, public residential buildings construction spending in October 2021 was anticipated to be $1,598.0 billion on a seasonally adjusted yearly basis. In the United States, such large investments are predicted in home décor and house upgrades, which is expected to drive demand for blinds and shades.
The competitive landscape analysis of global automated external blinds market is certainly based range of market players operating in the consumer gods market with increasing demand for production of automated external blinds. Besides, number of market players offered wide range of products for different application in various geographic locations. The market has major competitive analysis based on new product launches as well as other developments.
The key players studied n the report are Hunter Douglas, Springs Window Fashions, Comfortex Window Fashions, MAC, Somfy, Apollo Blinds, MechoShade Systems, Bintronic Enterprise Co. Ltd, SOMA Smart Home, Aspect Blinds, IKEA, Graber and Rainbow Blinds among others.
September 2020: The Home Depot-owned Blinds.com announced the launch of its Simply Eco Cellular shade collection.
Exterior blinds, shutters, and shades are considered hard covering and primarily used for windows to protect the room from overheating. Although the blinds and shades can feature soft materials, such as the Roman shades/blinds or roller shutters due to their operational uses, they come under the hard category. They are utilitarian products intended to filter excess light and provide privacy. Blinds are multi-part panels that operate on string and pulley arrangement held in a head rail that elevates blinds up from the base of the window to reveal the view. In the blinds and shades market, some blinds come vertical slated that operate from side to side. Shades, however, are solid window covers produced from softer textile. Therefore, regular launching of innovative exterior blinds and roller shutters is further propelling the growth of the market significantly.
1) What are the drivers for automated external blinds market?
The key driving factors of the market are rapid growth of the construction industry across the globe.
2) Which is the leading application segment for automated external blinds market?
Residential segment has accounted the major market share, and is expected to witness the growth at highest pace during the forecast period.
3) Which region is gaining majority of market share during the forecast period (2022-2028)?
North America is expected to gain major market share during the forecast period (2022-2028).
