Electronic Blinds and Shades Market, Size, Share, Growth, And Industry Analysis by Type (Electronic Blinds and Electronic Shades) By Application (Home, Offices, Restaurants and Hotels, Hospitals and Nursing Homes, Schools and Universities and Others), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

Electronic Blinds And Shades Market Report Overview

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The global electronic blinds and shades market size is anticipated to be USD 1969.7 million in 2021 and is projected to touch USD 3705.99 million by 2031, exhibiting a CAGR of 6.5% during the forecast period.

Electronic blinds and shades are modern home appliances which are operated with an electric motor and controlled by a remote against the traditional manual operation. Not only does it adhere to the latest technological trends but also provides the consumer with a secure, smart and convenient product experience. 

Globalization and rapid commercialization have transformed living standards. The present consumerist culture prefers high-tech appliances with manual operation. The housing industry primarily interior designing has been revolutionized with the incorporation of technology. The consumer now embracing energy-saving appliances and aesthetically pleasant designs with additional innovative features.

COVID-19 Impact: Slow Down of Sale to Hamper the Market Demand

The global COVID-19 pandemic has been unprecedented and staggering, with the electronic blinds and shades market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

COVID-19 had affected the electronic blinds and shades market owing to its slow-down manufacturing process. The global restriction and regulation in trading, shutting down of international borders, and spike in virus cases have affected the supply chain and global distribution of the products. Moreover, the construction and housing industry suffered a setback due to the sudden halt in the working process, and lack of human resources and investments. As the normalization process starts and the nations are collectively focusing on renovating the healthcare structure the electronic blinds and shades market will witness positive growth and the improvement in the construction sector will also accelerate the product demand in the upcoming years.

LATEST TRENDS

"Continuous Research & Development to Propel the Market Demand"

The key manufacturing organization associated with the production of electronic blinds and shades is focusing on research and to come up with the latest innovations to deliver exceptional, futuristic products that serve the dual purpose of security and luxury. New features are being experimented with and launched into the commercial market. Some of the key innovations in the past years such as sunlight blocking, sustainable production and the application-based controlling system have projected high market growth and will continue to witness an unparalleled growth in the forthcoming years.

Electronic Blinds And Shades Market Segmentation

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• By Type

Based on type, the market is divided into electronic blinds and electronic shades. Electronic blinds are expected to lead this segment in the forecast period.

• By Application

Based on the application, the market is divided into homes, offices, restaurants and hotels, hospitals and nursing homes, schools and universities and others. The home is anticipated to lead this segment in the upcoming years.

DRIVING FACTORS

"Increase Demand for Automated Home Technology to Accelerate the Product Sale"

The 21^st century has witnessed a rise in living standards and a soaring growth of technology.  The housing sector is escalating at an unprecedented rate owing to high customer demands. The interior designing business has skyrocketed in the last decade as consumers embrace luxury, and high-quality living in an aesthetically pleasing ambience. People's approval for appealing decoration and automated home technology for better security along with a modest living space has driven the electronic blinds and shades market. The workplaces are striving toward revamping their infrastructure and replacing it with modern technologies and design structures.

The increasing number of smart residential and non-residential construction has contributed to the electronic blinds and shades market growth size. Privacy and security have been the predominant concern and with the incorporation of technology, the industry has been able to please the demands of the consumer and make it more convenient and programmable. In the recent commercial implementation, electronic blinds and shades can be controlled from anywhere with the help of an application.  Blinds were operated manually however; technological advancements it has automated the whole design and structure to offer the customer the best luxurious experience and to keep up with the modern trends in the market. The rise in the middle-class population and the increase in purchasing power accompanied by the high investments in home furnishing products will drive the electronic blinds and shades market share in the forecasted year.

"Energy Saving Feature and Product Customization Boost the Electronic Blinds and Shades Market Demand"

The idea of green energy and sustainable living is being embraced by all the nation and therefore the industries are opting to implement the latest innovations to reduce ecological degradation and save energy. Electronic blinds and shades are preferred for their ability to save energy and regulate the temperature, lighting and ventilation. The growing demand for smart solar shades and automated honeycomb shades has been a major game changer in the past few years as it aligns with the consumer idea of eco-friendly living. The key players after analyzing the customers' needs have launched multiple products with the option to customize according to the preference of the consumer. One can choose from various colors, textures and technological features. Moreover, the commercialization, population expansion and emerging economies equally stimulate the growth of the electronic blinds and shades market size.

RESTRAINING FACTORS

"High Cost of Manufacturing and Alternative Products to Hamper the Market Growth"

The increasing inflation and economic uncertainties have resulted in the rise of manufacturing materials. Apart from that, the additional installation and maintenance cost makes the whole process expensive and out of reach for the middle-class people who represent half of the majority. Although, in comparison to other products it might be in the affordable bracket, however, there are many alternatives product capturing the market which is cheap, convenient and offers long shelf life. All these factors will be major restraining factors in the electronic blinds and shades market growth.

Electronic Blinds And Shades Market Regional Insights

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"North America to Dominate the Market due to Increasing Demand from the Construction Industry "

North America is concentrating on large-scale innovations of outdated infrastructure and implementing futuristic home appliances solutions. The presence of key players and the investments in research and development is boosting the market in this region. The region is a lucrative market because of the economic condition of the consumer and the high quality of living. Moreover, the real estate boom and high construction activities in this region will be a major driver of the electronic blinds and shades market in this region.

KEY INDUSTRY PLAYER

"Market Players Focus on New Product Launches to Strengthen Market Position"

Leading players in the market are adopting various strategies to expand their presence in the market. These include R&D investments and the launch of new, technologically-advanced products in the market. Some companies are also adopting strategies such as partnerships, mergers, and acquisitions to strengthen their market position.   

List of Market Players Profiled

• Hunter Douglas (Netherlands)
• Somfy (India)
• Springs Window Fashions (U.S.)
• ODL (U.S.)
• DEL Motorized Solutions (U.S)
• Tachikawa (Japan)
• BTX Intelligent Fashion (U.S.)
• Warema(Germany)
• Draper (U.S.)
• Crestron Electronics (India)
• Bandalux (U.S.)
• Velux (U.K.)
• Qmotion (Legrand) (U.S.)
• Appeal (U.S.)
• Soma (U.S.)
• Ikea (Netherlands)
• Wintom (China)
• Beijing Fiate (China)

REPORT COVERAGE

This report covers the analysis of the electronic blinds and shades providing a comprehensive market insight focusing on the existing key players who would play a crucial role in the forecasting period. It also analyses based on segmentation, industrial developments, trends, growth, size, share, restraints and revenue. The report covers an overview of the latest driving factor in the industry, dominant region, latest innovations and opportunities.