Grand View Research Inc. has recently published a report about the global window covering market. The report says that the global window covering market is expected to reach USD 36.8 billion by 2025. It will expand at a CAGR of 4.2%. An increasing number of households, rising per capita income and rapid urbanization in some developed countries are some reasons to drive the industry.
The report includes several key points. Blind and shades types of coverings are projected to ascent at a CAGR of 4.5% during the forecasted period and residential sector will hold the largest share in the market. The Asia Pacific market is expected to be the fastest-growing regional window covering the market with a CAGR of 5.1% over the period.
Out of the forecasted overall revenue, blinds and shades covering accounted for 39.5% share in the market based on the type of covering, changing trends and introduction of new technologies. Curtain type covering accounted for 31.5% share of the overall revenue due to their accessibility and features. Window covering report includes blinds, shades, curtain, tire on tire and white shutters. The report is comprised of five major regional markets which provide window covering to the households namely, North America, Europe, Asia Pacific, South America, and MEA.
North America will be leading regional market over the period, as it accounted for 40.0% share of the overall revenue in 2018. The Asia Pacific is expected to emerge as the fastest-growing regional market over the forecasted period. The commercial sector is expected to expand at the fastest CAGR of 4.2% over the period. Growing tourism industry in countries such as Thailand, Malaysia, and other European countries are the driving factors of the commercial sector.