The external blinds market size is projected to reach US$ 29.23 billion by 2031 from US$ 17.56 billion in 2023. The growing demand for smart home automation related gadgets and energy efficient security at home coupled with rapid urbanization and an increase in disposable income among consumers are the prominent factors attributed to the demand of external blinds which is driving the market growth over the coming years.
The major stakeholders in the global external blinds market ecosystem includes external blinds providers and end users. The rising demand for energy efficiency and space maximization, favorable government policies for promoting the green building initiative and growing awareness among consumers for enhancing the energy efficient houses these factors have accelerated the external blinds manufacturers to enter into the market. Some of the major providers/developers are WAREMA Renkhoff, Evaya, Mac Blinds, Tropic'l Blinds Pty Ltd, Serge Ferrari S.A.S., ROMA KG, PHOENIX INTERIOR DESIGN, Skyshade, ROLTEK d.o.o., Blinds by Ad., Vista and among others small players. These external blind providers/developers are always focused for bringing developments in the external blinds solution with add-on features. For instance, in January 2020, SolarGaps, an Ukrainian-based start-up introduced the smart solar blinds, which provides the most economical and efficient solution to install rooftop solar panels. Thus, such added features augment the usage of external blinds which further drives the market growth over the forecast period.
The major end users of the external blinds market include residential and commercial. The residential users include residential buildings, balconies, individual houses, rooming houses, and apartments. The commercial users include hotels, restaurants, hospitals, cafeterias, and office buildings. The growing awareness for energy efficient homes, and rapid urbanization and increase in disposable income of consumers are the key factors propelling the demand for external blinds. Thus, such usage of external blinds in vertical of applications is further fueling the market growth.
The external blind is a type of window covering designed to be fitted on the outside of the building to prevent heat from making direct contact with the window. It is designed to keep the heat outside and maintain the cool air within the building. It allows the breeze to pass in whilst blocking harmful sun rays. The external blinds are mostly suitable for deploying in external applications in residential and commercial buildings.
The rising demand for energy efficiency and space maximization is anticipated to drive the external blinds market in the projected period. With the growing trend to control the temperature of the room, external blinds are used in many residential and commercial buildings, which further eliminates the use of air conditioners or room heaters. The key players engaged in manufacturing the external blinds are augmenting their production capacity to fulfill the growing demand from consumers.
The initiatives from the government to reduce the environmental impact are also contributing to the demand for the external blinds market. For instance, in May 2022, the Secretary of the Interior, Deb Haaland, announced funding of US$61.1 million in 26 cities across the US to create new parks and trails, or substantial renovations to existing parks, through the Outdoor Recreation Legacy Partnership (ORLP) program. The initiative was with an aim for well-being and prosperity of every family and every community to enjoy the green spaces. Thus, such supportive government initiatives coupled with a rise in demand for external blinds are propelling the market growth over the coming years.
Key segments that contributed to the derivation of the external blinds market analysis are product type, operating system, and end-use.
The scope of the external blinds market report encompasses North America (the US, Canada, and Mexico), Europe (Spain, the UK, Germany, France, Italy, and the Rest of Europe), Asia Pacific (South Korea, China, India, Japan, Australia, and the Rest of Asia Pacific), the Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America). In terms of revenue, APAC dominated the external blinds market share in 2023. North America is the second-largest contributor to the global external blinds market, followed by Europe.
The regional trends and factors influencing the External Blinds Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses External Blinds Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 17.56 billion |
| Market Size by 2031 | US$ 29.23 billion |
| Global CAGR (2023 - 2031) | XX% |
| Historical Data | 2021-2022 |
| Forecast period | 2023-2031 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The External Blinds Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the External Blinds Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The External Blinds Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for innovations, business expansion, and strategies:
The “External Blinds Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering the following areas:
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