Curtains and Window Blinds Market Share

Asia Pacific Market Forecast

The Asia Pacific curtains and window blinds market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2037, backed by rising growing disposable income, which is further estimated to increase the spending on home remodeling, along with rising construction activities in this region. Also, there has been growing shift of people into urban region. In Asia, an additional 1.2 billion people would live in urban areas by 2050, a growth of 50%. Hence, this factor is also estimated to boost the growth of the market in this region. Additionally, there has been boost in hotel projects owing to the rise in tourism in this region. With almost 64 million foreign visitors arriving in China in 2019, the country saw the most visitors in the Asia Pacific region. In contrast, about 5 million foreign visitors arrived in Cambodia in 2019.

North America Market Forecast

The North America curtains and window blinds market, amongst the market in all the other regions, is projected to grow with the highest CAGR during the forecast period. The growth of the market in this region can be attributed to growing trend of smart house owing to the growing income of people. Many manufacturers are working on including AI in curtains and blinds in this region, which would further contribute to smart home. Regular curtains are transformed into "smart" curtains by adding a motor and a remote control that could be accessed through applications to move the curtains where they are needed. Moreover, the DIY movement is spreading widely in North America. Hence, the widespread availability of window treatments with simple installation processes further supports these activities. Also, a significant concentration of companies with established distribution networks are expected to contribute to the market’s growth in this region.

Europe Market Forecast

Additionally, the market in Europe region is also estimated to have a significant growth, backed by growing interior design projects in this region. Moreover, there has been growing demand for eco-friendly blinds in Europe region. Sustainable materials such as bamboo, recycled plastic, and even recycled paper are used to make a variety of eco-friendly window blinds. The same amount of privacy and style could be achieved with eco-friendly window blinds at a lower environmental cost. Recycled plastic is used to create yet another kind of environmentally friendly window covering. Recycled plastic is more environmentally friendly since it requires less energy to make than new plastic. Additionally, growing construction activities in this region are also estimated to boost the market in this region over the forecast period. The real estate market has grown significantly in recent years, raising the value of residential houses. When there are more commercial buildings, there is an increase in demand for window coverings. Also, the curtains and window blinds market depend heavily on consumer spending. Brand recognition and television commercials have also contributed to the expansion of the curtains and window blinds market.