Window Covering Market Analysis, Size, Growth, Share & Forecast to 2025 | Grand View Research Inc.
The global window covering market size is expected to reach USD 36.8 billion by 2025, expanding at a CAGR of 4.2%, according to a new report by Grand View Research, Inc. Increasing number of households, rising per capita income, and rapid urbanization in emerging countries are some of the major factors driving the industry. Blinds and shades accounted for 39.5% share of the overall revenue in the market based on type of the coverings. Changing trends and introduction of technologies in the product are some of the factors driving the segment. Curtains accounted for 31.5% share of the overall revenue due to their easy accessibility and cost-efficient features. On the basis of application, the residential sector dominated the window covering market with a share of 55.8% in 2018. Increasing households in countries such as India and China due to rapid urbanization and various government schemes are among the prominent factors for the segment growth. The commercial sector is expected to expand at the fastest CAGR of 4.2% in the forecast period. Growing hospitality industry due to increasing tourism in countries such as Thailand, Malaysia, and other European countries are driving the segment.