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.
External Blinds Market Analysis
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.
External Blinds Market Overview
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.
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External Blinds Market: Strategic Insights
Market Size Value in US$ 15,715.3 million in 2021 Market Size Value by US$ 24,623.4 million by 2028 Growth rate CAGR of 6.7% from 2022 to 2028. Forecast Period 2022-2028 Base Year 2022
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External Blinds Market: Strategic Insights
| Market Size Value in | US$ 15,715.3 million in 2021 |
| Market Size Value by | US$ 24,623.4 million by 2028 |
| Growth rate | CAGR of 6.7% from 2022 to 2028. |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
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External Blinds Market Drivers and Opportunities
Rising Demand for Energy Efficiency and Space Utilization
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
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.
External Blinds Market Report Segmentation Analysis
Key segments that contributed to the derivation of the external blinds market analysis are product type, operating system, and end-use.
- Based on the product type, the market is divided into venetian blinds, roller blinds, vertical blinds panel blinds, others. The low voltage (less than 5KV) segment held a larger market share in 2023.
- Based on operating system, the global external blinds market is divided into below manual and automated. The automated segment held a larger market share in 2023.
- Depending on the end-use, the global market is divided into residential and commercial. The residential segment held a larger market share in 2023.
External Blinds Market Share Analysis by Geography
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.
External Blinds Market Report Scope
External Blinds Market News and Recent Developments
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:
- In March 2024, ROLL-A-SHADE launched new solar zipshad. The Solar ZipShade is an innovative exterior shade system that utilizes solar power to autonomously control the screen. It contains a solar cell on the front of the head box that provides energy for its operations. The absence of wiring for the motor makes installation simpler, as it eliminates the need for electrical work. This saves time and resources during setup. (Source: ROLL-A-SHADE, Press Release)
External Blinds Market Report Coverage and Deliverables
The “External Blinds Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering the following areas:
- External Blinds Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope.
- Market dynamics such as drivers, restraints, and key opportunities
- External Blinds Market Trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- External Blinds Market Analysis covering key market trends, Global and regional framework, major players, regulations, and recent market developments
- External Blinds Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments.
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product Type, Operating System, Material, and End-Use
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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