Europe Window Blinds Market to Grow at a CAGR of 4.8% During Forecast Period: As per 2022 TMR Study

WILMINGTON, DE / ACCESSWIRE / February 15, 2023 / Transparency Market Research Inc. - The window blinds market in Europe was valued at US$ 5.1 Bn in 2021 and is projected to reach US$ 11.8 Bn by 2031. The market in the region is anticipated to expand at a CAGR of 4.8% during the forecast period from 2022 to 2031.Rise in standard of living is expected to bolster the window blinds market in Europe. Rise in in consumer awareness about environmental-friendly window coverings, such as recycled blinds, is anticipated to drive the window blinds market in Europe. Customers in Europe favor engineered wood, as these are made from recycled resources. Blinds made of cellular or honeycomb material could also save energy.

Europe's industry is likely to experience new growth prospects due to innovation and technical advancements. Major firms are adopting Bluetooth technology, making it simple to operate blinds from almost anywhere using a smartphone or remote in order to gain a larger market size in the next few years.

Market development is projected to be fueled by rise in expenditure on home furnishings and growth in the number of middle-class households. High demand for environmentally friendly blinds made from grass, reed, bamboo, wood, or jute is anticipated to drive the window blinds market in Europe. The Home Depot-owned blinds.com launched Simply Eco Cellular Shade line for 2020. These products are created with recycled water bottle plastic.

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Key Findings of Market Report

Popularity of motor-operated or automatic blinds has grown as a result of major technological breakthroughs. Automated blinds are preferred in business and residential settings throughout Europe. These are perfect for business structures such as hotels and medical facilities.

Several retail establishments had to close down due to the stringent lockdowns that were imposed across the world during the COVID-19 pandemic. Hence, customers began switching from offline channels to online platforms. Online stores are where people like to purchase window coverings. It is preferred over traditional retail options and is expected to grow in the next few years, as several brands are readily available on a single online platform. Online platforms give users the option to compare numerous items based on material, design, color, and other factors. This is likely to boost the online segment between 2022 and 2031.

Europe Window Blinds Market: Growth Drivers

Rapid urbanization and improvement in the standard of living are expected to present significant business opportunities in the window blinds market in Europe. Window coverings, such as blinds and shades, are becoming a more popular among customers who want to modernize their wall designs and homes. Demand for security in homes and businesses is increasing, which is expected to fuel market development in the near future. Trendy and personalized blinds and curtains are becoming more mainstream, which is anticipated to drive industry growth between 2022 and 2031.

Blinds are aesthetically pleasing and safe. These contribute in making indoor environments better. Additionally, blinds shield the house from cold weather, dirt, excessive sun exposure, and dust. Ongoing product innovation and development activities are expected to propel the window blinds market in Europe. Manufacturers are focusing on enhancing product durability to shield consumers from harsh weather conditions, including hailstorms, cold, and heat. Increase in construction activities in the residential and non-residential domains is a major market driver.

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Europe Window Blinds Market: Regional Landscape

The U.K. is likely to account for major share, ascribed to surge in demand for environmental-friendly window blinds. Recycled plastic can be used to make window blinds.

Germany holds a significant market share owing to advancements in R&D efforts related to the design and quality of interior blinds. The market in France is expected to grow at a rapid pace in the near future, as more people become aware of the need for protection from hazardous UV rays in both commercial and residential spaces.

Europe Window Blinds Market: Key Players

Some of the key market players are

TOSO Company, Limited

Hunter Douglas NV

Advanced Window Blinds Ltd

Dormakaba Group

Nantmor Blinds Ltd

Alulux GmbH

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Europe Window Blinds Market: Segmentation

Product

Outdoor Blinds

Roller Blinds

Vertical Blinds

Venetian Blinds

Roman Blinds

D&N Window Blinds

Cellular Blinds

Others

Material

Metal

Wood

Plastic

Others

Shade Length

Up to 20 Inch

21 - 40 Inch

41 - 80 Inch

Above 80 Inch

Shade Width

Up to 19 Inch

20 - 40 Inch

Above 40 Inch

Operation

Automatic

Manual

Price

Low

Medium

High

End-use

Residential

Commercial

Distribution Channel

Online

Offline

Region

North America

Europe

Asia Pacific

Middle East & Africa

Latin America

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About Transparency Market Research

Transparency Market Research registered at Wilmington, Delaware, United States, is a global market research company providing custom research and consulting services. TMR provides in-depth insights into factors governing demand in the market. It divulges opportunities across various segments based on Source, Application, Sales Channel, and End-Use that will favor growth in the market over the next 9 years.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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