More consumers are choosing blinds and shades that can be operated automatically since there is an increase in automation in products related to interior décor. However, semi-automated blinds and shades have a much higher market share than fully automatic ones. The remaining two tasks are retrofitting tasks, with 7 out of 10 operations being performed for new fittings.
Persistence Market Research’s latest analysis provides information on the key factors influencing demand for automatic blinds and shades market around the globe, with countries like North America and Europe experiencing more demand than other parts of the world. The paper analyses the effect that COVID-19 has had on the construction industry in general and the highly competitive market sector for automated blinds and shades in particular, as well as tracking global sales of automated blinds and shades in 20+ high-growth areas.
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Key Players:
- 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.
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Due to the use of materials like wood and aluminium as well as the added expense of essential electronic components like motors and sensors, automated blinds and shades have historically had one of the highest starting costs among manufacturing organisations. It’s crucial to pick the right material when making blinds and shades for the sake of reliability, safety, and overall quality.
Because automated home technologies improve people’s quality of life, comfort, and security, demand for them is rising quickly. The manual operation of blinds and shades has historically made them simpler to modify to suit individual needs. Electronic blinds, which are a result of technical improvements, have made it feasible to take things a step further and automate these items.
For instance, motorised blinds and shades that provide luxury, beauty, and quality at reasonable prices have been created by Lutron Electronics Co., Inc. Using the Lutron App, these blinds may be managed from anywhere in the world. Such developments by important market participants have played a significant role in boosting demand for automatic blinds and shades throughout the years and will do so in the future. Over the previous five years, the automated blinds and shades market expanded at a CAGR of around 3%, and through 2031, this growth is anticipated to pick up to about 3.5%.
The COVID-19 epidemic has had a significant negative influence on the world economy on a number of levels, and this impact has been most noticeable in the construction industry.
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