External Blinds Market is anticipated to grow further up to US$ 28.9 billion by 2031 | Alulux GmbH, Griesser AG, Country Blinds Pty Ltd, Hunter Douglas

The global External Blinds Market was valued at US$ 15.7 billion in 2021 and it is anticipated to grow up to US$ 28.9 billion by 2031, at a CAGR of 6.3% during the forecast period.

Exterior blinds, shutters, and shades are hard covers that are typically put on windows to prevent overheating. Blinds and shades can incorporate soft materials, such as Roman shades/blinds or roller shutters, due to their practical applications, although they belong within the hard category. They are useful products that filter off unnecessary light and provide privacy.

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Market Drivers and Trends

During the projection period, the expanding real estate industry is likely to drive the market expansion of exterior blinds. The growing popularity of prefabricated, modular, and manufactured homes is expected to drive up blind demand in a variety of countries in the near future. The Indian real estate business has grown tremendously throughout the years. The India Brand Equity Foundation, or IBEF, expects that with government backing, the Indian residential sector would grow dramatically in the next years. For example, in June 2015, the Government of India (Gol) launched the Pradhan Mantri Awas Yojana, PMAY, project, with the goal of constructing 20 million houses across the country by 2022. As of August 26th, 2021, the initiative/scheme had gathered approximately 31 billion in funding.

Over the projection period, the rising hospitality industry is expected to drive market expansion at a macro level. As tourism resumes around the world, the need for hotels, airbnbs, hostels, and other hospitality places rises, propelling the external blinds industry forward.

Market Restraints and Challenges

Exterior blinds high pricing are projected to limit market expansion. Installing and setting up blinds takes some time, especially if the home has a lot of windows. Labor costs between US$35 to US$100 per hour, so labor makes up a sizable amount of the cost. Typically, labor for a whole house installation ranges from US$ 140 to US$ 440, or around US$ 50 per window. There are normally eight windows in a home that need blinds, and installation usually takes four hours. This is expected to restraint the market and smarter solutions are required to overcome this.

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Global External Blinds Market Segmentation

By Product Type

• Venetian Blinds
• Roller Blinds
• Vertical Blinds
• Panel Blinds
• Others

Major Players in the Global External Blinds Market

The key players studied in the global External Blinds Market are Alulux GmbH(Germany), Griesser AG(Switzerland), Country Blinds Pty Ltd(Australia), Hunter Douglas(The Netherlands), MHZ Hachtel GmbH &Co. KG(Germany), NEVA(Czech Republic), Schenker Stroen(Switzerland), Serge Ferrari S.A.S.(France), Verano(The Netherlands), and WAREMA Renkhoff SE(Germany).

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Reasons to buy External Blinds Market Report:

• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
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• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

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