Drapery Hardware Market Size, Share, Growth, and Industry Analysis by Type (Curtain Tracks, Curtain Rods, and Others) By Application (Supermarkets/ Departmental Stores, Specialty Stores, and Online Retail), Regional Insights and Forecast To 2031

Updated On: 08 April 2024

Drapery Hardware Market Report Overview

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The global drapery hardware market size was USD 5132.7 million in 2021 and is expected to reach USD 8349.14 million in 2031, exhibiting a CAGR of 5.0% during the forecast period. 

The various fixtures and tools needed to hang draperies, curtains, and other types of drapery are together referred to as "drapery hardware." These fittings may come in the form of ties, rings, hooks, or brackets. The most popular fabric panel window coverings that are often sold in pairs are curtains. In a vast range of materials, lengths, widths, patterns, and colors, they are commonly available. Window covering options like window blinds can also improve a room's aesthetics while providing privacy from outside light, sound, and other distractions. Individual, horizontal slats that are part of blinds can be lifted, lowered, or tilted.

Rapid urbanization and expanding residential and commercial construction expansions are projected to fuel the drapery hardware market growth. Industry penetration will be fueled by expanding consumer disposable income and a rising desire to upgrade window treatments and other home decor products to improve aesthetics. The demand for drapery hardware is also anticipated to be supported by the creation of sophisticated motorized blinds and the use of a variety of print fabrics in blinds and curtains.

COVID-19 Impact: Raw Material Prices and Lockdown Restrictions to Slower Market Growth

The global COVID-19 pandemic has been unprecedented and staggering, with drapery hardware experiencing lower-than-anticipated/higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Uncertainty in product prices for drapery hardware is being caused by shifting prices of raw materials including natural fibers, metals, synthetic fibers, and others. Additionally, the COVID-19 pandemic has affected various sectors' business processes globally. The exponential increase in COVID-19 positive cases in European nations and the closing of production facilities for a few weeks had extremely negative effects that are likely to impede market expansion.

LATEST TRENDS

"Increasing Technological Advancements to Boost Market Growth"

Due to their simplicity of use, automatic curtains are becoming more and more popular in hotels, conference rooms, and office buildings. The market expansion in the residential sector is also being fueled by the escalating trend of home automation. The market demand for automatic curtains is also rising as a result of its high adaptability to various window styles and sizes. In order for automatic curtain systems to function with already-installed drapes or curtains, users must put a few ceiling brackets and attach a new motorized track to them. The track is frequently longer than necessary since the manufacturer is unable to determine the precise configuration width.

Drapery Hardware Market Segmentation

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• By Type Analysis

As per type, the market is classified into Curtain Tracks, Curtain Rods, and Others.

• By Application Analysis

Based on application, the market is categorized into Supermarkets/ Departmental Stores, Specialty Stores, and Online Retail.

DRIVING FACTORS

"Rising Construction Activities to Facilitate Market Development"

Global urbanization and the expansion of construction activity are anticipated to give manufacturers a positive outlook. This is due to the likelihood that highly ventilated building designs will be used in metropolitan regions. Therefore, manufacturers will have the chance to increase their manufacturing volume. Industries are likely to use a sizable amount of industrial curtains as a result of the worldwide air pollution crisis. It is believed to have boosted sales on the part of the company.

"Increasing Adoption of Home Automation to Foster Industry Progress "

Home automation is becoming more and more popular, which has had a significant impact on the market's expansion. Another significant driver of this market's expansion is the rise in consumer desire for items that use less energy. Another important factor that will spur this market's growth over time is consumers becoming more knowledgeable about drapery hardware and its advantages. This, combined with rising disposable income levels across a variety of global regions, will encourage consumers to spend more on home improvement projects like installing new draperies and curtains with drapery hardware to enhance aesthetics and provide privacy at homes and offices, among other things.

RESTRAINING FACTORS

"High Cost of Raw Material to Hinder Market Progress "

The price of raw materials like fiberglass, vinyl, natural fibers, and sealants increases the cost of making curtains dramatically. The price of draperies and how they are installed along the supply chain are impacted by the fluctuating price of raw materials. This makes it difficult for players, especially new entrants, to make a name for themselves in the industry. This in turn prevents the market for drapery hardware from expanding.

Drapery Hardware Market Regional Insights

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"Infrastructural Developments to Propel Market Progress in Europe"

Europe held the largest drapery hardware market share. The expansion of the curtains market, particularly in the European countries, is due to the shifting trend toward the use of composites and linen curtains. The urgent need to upgrade the current infrastructure in various nations will drive up demand for new commercial curtains in the region. 

North America is anticipated to have a sizable market share. The demand in the market is projected to be surpassed by the evolving regulatory compliance environment and rising consumer spending power. Competitors must continue to focus on new product development and technological breakthroughs to succeed in the global drapery hardware market.

KEY INDUSTRY PLAYERS

"Incorporation of OEM and Strategic Alliances to Improve their Brand Image"

The drapery hardware market is experiencing a rise in competition. Several significant and other key vendors are currently present in the industry, aiding in market expansion. Due to the absence of many significant participants in the window and external sealing system markets, market players are dominating these sectors. Additionally, in recent years, suppliers have been observed entering into strategic alliances with OEM to control the reliable supply of their sealing systems.

List of Market Players Profiled

• IKEA (Netherlands)
• Rowley Company (U.S.)
• ADR- ANTIQUE DRAPERY ROD COMPANY (U.S.)
• Hunter & Hyland (U.K.)
• Byron & Byron (U.K.)
• Forest (India)
• Classical Elements, Inc. (U.S.)
• Helser Brothers, Inc. (U.S.)
• ORION ORNAMENTAL IRON, INC (U.S.)
• Kirsch (Germany)

REPORT COVERAGE

The report covers overall market aspects, including the market segmentation based on its type and application. The report depicts a diverse group of participants that includes the market and the potential market leaders. Major factors that are expected to drive major growth in the market. The factors anticipated to expand the market share are also included in the report to offer market insights. The estimated growth of the market in the forecast period is also included in the report. The regional analysis is completed to explain the region's dominance in the global market. The factors hindering the growth of the market are discussed in detail. The SWOT analysis of the market is depicted in the report. It contains all-inclusive market details.