Los Angeles, November 21, 2019 –QY Research has announced the release of a new report, titled “Global Domestic Window Covering Market Research Report 2019.” According to the report, the global domestic window covering market is projected to attain a value of more than US$21.0 Bn by the end of 2025. In 2018, the value of the global domestic window covering market touched over US$13.0 Bn. During the forecast period 2019-2025, the global domestic window covering market is predicted to register a healthy CAGR of 6.77%.
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Demand for Energy-efficient Window Attachment Predicted to Create Opportunities
The global demand for domestic window covering is expected to improve in future as the need for energy-efficient window attachments continues to increase. Surging popularity of solar window shades that help to protect furniture from damaging UV rays and reduce heat gain could increase the growth of the global domestic window covering market.
Economical Consumers in Developing Countries Likely to Prefer Curtains and Drapes
The report offers comprehensive segmental analysis of the global domestic window covering market, covering key type segments such as curtains and drapes, window shades, window shutters, window blinds, and others. It also covers important applications segments of the global domestic window covering market, viz. commercial, residential, and others.
Curtains and drapes are considered to be an affordable choice in comparison with window shades and blinds. Homeowners usually prefer to match the color and pattern of their curtains and drapes with those of their walls and home decor. Thus, with changing home decor tastes and application of new interior paints, the demand for new curtains and drapes could increase. However, the preference for window shades and blinds could be slightly higher in developed countries.
Adoption of Smart Home Technology Anticipated to Strengthen Demand in North America
The US is expected to largely contribute to the growth of the domestic window covering market in North America. This could be due to strong adoption of smart home products such as automatic weather sensor window shades. Asia Pacific countries such as China, India, Malaysia, and Thailand are predicted to increase the demand for domestic window covering on the back of key growth drivers, including increasing tourism raising the need to build more number of hotels and resorts. Establishment of new business and corporate facilities in Asia Pacific due to increasing investment from foreign companies and their interest in the lucrative region could add to the demand for domestic window covering.
Players to Continue to Focus on Innovation to Gain Competitive Edge in Global Market
Some of the key players of the global domestic window covering market are Hunter Douglas, All Blinds Co., Springs Window Fashions, Louvolite, Nien Made Enterprise, Legrand, Tachikawa Corporation, Nichibei, TOSO Company, Kresta, Griesser AG, MechoShade Systems, Skandia Window Fashion, Budget Blinds, Lafayette, Decora Blind Systems, Schenker Storen AG, Lutron Electronics Company, Silent Gliss, and Ching Feng Home Fashions. Manufacturers are anticipated to continue to innovate, form joint ventures, and enter into merger and acquisition agreements to place themselves in a competitive position in the global domestic window covering market.
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