Blackout Curtains Market Report Overview
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The global blackout curtains market size was USD 11060 million in 2021 and is projected to touch USD 15344.06 million by 2031, exhibiting a CAGR of 3.3% during the forecast period.
Blackout curtains are made with an opaque fabric which is used to make the room dark. These are generally used in rooms of hotels as drapery fabrics or curtain linings. This decreases energy costs by preventing UV rays and sunlight from penetrating the space. Additionally, these curtains protect floors and furniture from fading and sun damage, which makes more expensive products more enduring. It is made of tightly woven, layered fabric such as suede, felt, or velvet. These features make products light away from entering into a room or home where it is not required. These curtains are generally used in various rooms that have high sunlight in areas that don’t need the interruption of sunlight.
The blackout curtains keep the room intact without the interference of external lights. Coated lining in these curtains is specifically made to prevent sunlight from penetrating into the room. These curtains aid in keeping a room dark while it's sunny or bright outside. These curtains are sturdier than others and hang smoothly, owing to the coated lining. Additionally, it stops the curtains from fading or losing their color as a result of prolonged vulnerability to sunlight. Regardless of where it is placed, these blocks out light, but it also enables to lessen sun frontage and protect fabrics from fading. While some blackout liners are affixed to the curtain itself, others are of different construction, with one side of the curtain having the appearance of fabric and the other of vinyl.
COVID-19 Impact: Manufacturing Industries Shut Down, Restricted Companies from Product Supply
The spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over. The global COVID-19 pandemic has been unprecedented and staggering, with blackout curtains experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels.
Industries were severely affected by the outbreak of the pandemic. The market experienced a disruption in supply chain and manufacturing operations. Stringent lockdown restrictions affected the manufacturing rate of consumer goods. The closure of retail stores slowed down the market growth. Additionally, the consumers avoided buying any product to avoid any chance of getting infected by the virus. The demand for the product was on hold as the outbreak of the pandemic boosted health concerns among the population.
LATEST TRENDS
"Adoption of Smart Homes to Bolster Major Growth in the Market"
Smart items such as blackout fabric, smart beds, and fire stick TV have entered a revolutionary phase as a result of the urban acceptance of smart homes. The adoption of a luxurious lifestyle that meets customers' needs appropriately as it works well for both aesthetic and functional objectives is another factor contributing to the blackout curtains market growth. The need for blackout fabric has increased as the smart home trend has gained traction over time. The population’s living efficiency is also being significantly impacted by the increased prevalence of chronic sleep deprivation. Numerous clinical analyses reveal that there are numerous factors that can interfere with sleep, including breathing problems, disturbances, jet lag, brought on by sound or light that cannot be avoided, including an unhealthy diet, and many others. These factors are anticipated to bolster market growth.
Blackout Curtains Market Segmentation.
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· By Type Analysis
By type, the market is segmented into lift type, horizontal pull type, and others.
· By Application Analysis
Based on application, the market is classified into commercial, household, transportation, and others.
The commercial segment is anticipated to dominate the global market due to the strict energy-saving norms backed by the rising need for dark rooms in media houses.
DRIVING FACTORS
"Rising Cases of Sleep Deprivation to Boost the Product Demand"
Chronic sleep deprivation is lowering people's quality of life and is on the rise. Numerous clinical analyses have revealed that there are a variety of factors that might interfere with sleep, including breathing problems, disturbances, jet lag brought on by light or sound that cannot be avoided, an unhealthy diet, and many other important factors. By utilizing the appropriate curtains as a window supplement made of thicker fabric that is designed for these situations, light and sound can be absorbed. Although blackout fabric is elegant and functional, it is also pricey for the average person to buy. Additionally, the producers advise dry cleaning rather than regular cleaning because the fabric is typically fire-resistant and cannot be chemically treated to keep the fabric's form.
"Use of Product in Children’s Rooms to Augment Market Growth"
Blackout curtains are utilized in children's bedrooms, particularly for kids who sleep during the day or before sundown. It is also perfect for those who work the night shift yet sleep during the day. Blackout curtains used at various places help save the cost of energy. Due to their capacity to limit heat loss during the summer and winter and reflect heat during the summer, these curtains can lower heating and cooling costs. Additionally, it functions as a thermal barrier for homes, keeping interiors warm and comfortable throughout the winter. Additionally, blackout curtains come in a variety of colors to complement various decor styles. Although these curtains have traditionally been dark in color, it is now available in a variety of colors and can be utilized to generate a contrasting look. These factors are anticipated to boost blackout curtains market growth.
RESTRAINING FACTORS
"High Product Cost to Impede the Market Growth"
The cost of blackout curtains is higher than the general curtains, which restricts a major part of the population from buying them. The general population could not afford these curtains due to their high cost. These factors are anticipated to impede market sales.
Blackout Curtains Market Regional Insights
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"Asia Pacific to Lead the Market Due to the Rising Atmospheric Temperature"
Asia Pacific is anticipated to hold a dominating part of the blackout curtains market share by virtue of rising atmospheric temperatures in various countries of the region. China holds about 65% of the total market share due to the rising disposable income of the population in the region.
Europe is expected to hold about 13% of the total blackout curtains market share owing to the higher consumption of the product in the region.
KEY INDUSTRY PLAYERS
"Key Players Focusing On Gaining Mergers and Collaboration to Grow in Market"
Companies are developing advanced techniques to launch new products with advanced inbuilt features. The key players are looking to gain mergers and collaborations in the global market. Most of the key players are partnering together to enhance their product portfolio. The market is competitive, which keeps challenging the key players to adopt advanced and innovative marketing strategies. The companies strive to develop long-term growth strategies to gain a competitive advantage in the global market. Various key players are adopting organic and inorganic strategies in order to gain higher growth.
List of Market Players Profiled
- JINCHAN (China)
- Major (U.S)
- HunterDouglas (Netherlands)
- MOLIK (U.S)
- Ellery Homestyles (U.S)
- Elite (Canada)
- Collochome (China)
- Wonder (South Africa)
- Gorgeous Homes (U.S)
- Best home fashion (U.S)
REPORT COVERAGE
An overview of the product is provided along with the product description. Numerous industry elements are included in the research.
- The pandemic's aftereffects and the subsequent lockdown.
- The market's most recent trend is currently fueling expansion.
- The factors are most likely to stimulate market growth.
- The reasons the market is expected to grow more slowly.
- A comprehensive regional analysis of the market is conducted.
Significant players and their business offices are also covered in the article.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 11060 Million in 2022 |
Market Size Value By |
US$ 15344.06 Million by 2031 |
Growth Rate |
CAGR of 3.3% from 2022 to 2031 |
Forecast Period |
2023-2031 |
Base Year |
2022 |
Historical Data Available |
Yes |
Segments Covered |
Type & Application |
Regional Scope |
Global |
Frequently Asked Questions
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What value is the blackout curtains market expected to touch by 2031?
Based on our research, the blackout curtains market is projected to touch USD 15344.06 million by 2031.
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What CAGR is the blackout curtains market expected to exhibit by 2031?
The blackout curtains market is expected to exhibit a CAGR of 3.3% by 2031.
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What are the segments of the blackout curtains market?
By type, the blackout curtains market is segmented into lift type, horizontal pull type, and others. Based on application, the blackout curtains market is classified into commercial, household, transportation, and others.
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Which are the driving factors of the blackout curtains market?
Rising cases of sleep deprivation to boost the product demand and use of the product in children’s rooms to augment market growth are the factors driving the blackout curtains market.
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Which are the top companies operating in the blackout curtains market?
JINCHAN, Major, HunterDouglas, MOLIK, Ellery Homestyles, Elite, Collochome, Wonder, Gorgeous Homes, and Best home fashion are the top companies operating in the blackout curtains market.