The global external blinds market size was valued at USD 16,834.8 million in 2022 and is poised to grow at a CAGR of 6.9% during the forecast period 2023-2029. The primary factors that drive the market are the increasing demand for energy-effective security for homes and the presence of various types of window blinds for aesthetic pleasure.
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The global external blinds market segmentation:
1) By Product Type: Roller Blinds, Venetian Blinds, Panel Blinds, and Others.
2) By Material Type: Natural and Synthetic.
3) By Distribution Channel: Offline and Online.
4) By End Users: Residential and Commercial.
Venetian Blinds to Dominate the External Blinds Market
Based on product type, Venetian blinds hold the highest market share. The major factor for the rise of this segment is the exceptional features of Venetian blinds. Venetian blinds are accessible in numerous materials, such as wood. There are even cordless forms of blinds. When the levels of light go down, handlers can automatically withdraw their Venetian blinds in order to be totally hidden from sight. Moreover, they permit easy contact with the glass for cleaning. The blade surface has a low curve that matches the fine lines of modern architecture. These properties can drive the global external blind market growth.
Europe External Blinds Market
Europe leads the global external blind market growth due to growth in numerous product types such as roller blinds, panel blinds, vertical blinds, Venetian blinds, corded blinds, zip screens/blinds, honeycomb, and pleated shades accessible in many countries such as Germany, France, Netherlands, Belgium. Europe leads the global market due to rising disposable income along with the increase in acceptance of roller blinds and roller shutters/gates and increasing purchases from online retail shops.
Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players
The global External Blinds market further reveals that the key players are implementing strategies such as the extension of product collection through research and development activities, product launches, acquisitions, mergers, and strategic alliances to improve their market position and strengthen the market revenue share.
In March 2022, Droma-Sunshade Experts was acquired by Hunter Douglas in order to expand its business.
In March 2022, NEVA announced the usage of ISO PANEL for the side guiding of external blinds.
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Key players’ profiles in the External Blinds market report are Alulux GmbH; Griesser AG; Country Blinds Pty Ltd; Hunter Douglas; MHZ Hachtel GmbH Co. KG; NEVA; Schenker Storen; Serge Ferrari S.A.S.; Verano; and WAREMA Renkhoff SE
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