Global Sales for Automated Blinds and Shades are rising continuously till the end of 2031 | Reach $5.4 billion at a CAGR of 9.2%

Automated Blinds and Shades Market

New Study Report on "Automated Blinds and Shades Market 2022, Global Key Players Analysis, Share, Trends, Future Opportunities Forecasts 2031" has been Added on PMR.

According to a report by Persistence Market Research, the global market for automated blinds and shades is expected to grow at a compound annual growth rate (CAGR) of 9.2% from 2021 to 2031. The report estimates that the market will be worth $5.4 billion by 2031, up from $2.9 billion in 2021.

The Automated Blinds and Shades Market is growing rapidly in the home automation industry. Automated blinds and shades are a type of motorized window treatment that can be opened and closed at the touch of a button. Automated blinds and shades offer convenience, comfort, energy efficiency, and added security to homes.

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One factor driving the growth of the automated blinds and shades market is the increasing adoption of smart home technologies. As more and more consumers purchase smart home devices such as smart thermostats and smart locks, they are also looking for other ways to automate their homes and make their lives more convenient. Automated blinds and shades are an attractive option for homeowners because they can be controlled remotely and can help to save energy by regulating the amount of sunlight that enters a room.

This published report for Automated Blinds and Shades Market analyzes and forecasts the marketing statistics of the product/service market on a global as well as the regional level. This detailed study Automated Blinds and Shades Market also offers the previous historical data along with the forecast from 2022 to 2030. The assessment of Automated Blinds and Shades Market factors gives a brief overview of the impact on the demand over the forecast period. In addition to this, the report also studies the opportunities that are available in the report at the global level. An executive summary is also provided based on the industry snapshot for the period from 2022-2031. 

Growth Opportunities

There are several potential growth opportunities for the automated blinds and shades market, including:

• Expansion into emerging markets: The automated blinds and shades market is currently concentrated in North America and Europe, but there is potential for growth in emerging markets such as Asia-Pacific and Latin America. As incomes rise and more consumers in these regions adopt smart home technologies, the demand for automated blinds and shades is likely to increase.
• Development of new technologies: There is potential for the automated blinds and shades market to expand with the development of new technologies such as smart window films and electrochromic glazing. These technologies allow for the control of the amount of sunlight and heat that enters a space, and could be used in conjunction with automated blinds and shades to further improve energy efficiency

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Key Companies-

• Lutron Electronics, Inc.
• IKEA
• The Electric Blind Company
• Home Franchise Concepts, Inc. (Budget Blinds)
• Axis Labs
• Apollo Blinds
• SOMA Smart Home
• Springs Window Fashions
• Tilt
• Graber Blinds
• OmniaBlinds
• Hunter Douglas
• Somfy
• Bintronic Enterprise Co., Ltd. and more

There are several major players in the automated blinds and shades market, including:

• Lutron: Lutron is a leading manufacturer of automated blinds and shades, as well as other smart home products such as smart thermostats and smart lighting systems. The company offers a range of products for both residential and commercial applications.

• Hunter Douglas: Hunter Douglas is a global leader in the window covering industry and offers a range of automated blinds and shades for residential and commercial applications. The company's products include motorized shades, roller shades, and sheer shadings.

• Somfy: Somfy is a French company that specializes in automated blinds and shades, as well as other motorized products such as garage door openers and awnings. The company offers a range of products for both residential and commercial applications.

• MySmartBlinds: MySmartBlinds is a start-up company that offers a range of automated blinds and shades for residential applications. The company's products can be controlled using a smartphone app or a voice assistant.

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Key Takeaways from Automated Blinds and Shades Market Study

• The use of motorized blinds/ shades is a trend rapidly being adopted throughout the world, which, in turn, is driving market growth.
• Replacement of manually-operated blinds and shades with automated versions is also expected to provide impetus to growth, as demand for advanced features, decreased prices, etc., rises.
• Development of blinds and shades integrated with speech recognition technology is seeing a rise.
• Expansion of retail space in commercial establishments such as hypermarkets is anticipated to provide lucrative opportunities for market growth over the forecast period.
• 8 out of 10 installations would be for the semi-automatic versions of blinds and shades, with new installations holding more than 70% of market share.
• North America, followed by Europe, is the biggest market for automated blinds and shades.
• Germany will account for one-fourth of the total sales in the European region.
• The market in China and Australia is expected to grow the fastest, at close to 4% through 2031.

"Key industry participants are focusing on developing partnerships with regional distributors and service providers in order to gain a competitive advantage in the evolving global market. The adoption of e-Commerce will create broad opportunities for market participants during the forecast period," says an analyst of Persistence Market Research.

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About the Industrial Automation at Persistence Market Research

Expert analysis, actionable insights, and strategic recommendations - the industrial automation team at Persistence Market Research helps clients from all over the globe with their unique business intelligence needs. With a repository of over 500 reports on IT & Telecommunications of which 100+ reports specific for IT & Telecommunications. The team provides end-to-end research and analysis on regional trends, drivers for market growth, and research development efforts in the IT & Telecommunications industry.

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