The external blinds market size is projected to reach US$ 24,623.4 million by 2028 from US$ 15,715.3 million in 2021. The market is expected to grow at a CAGR of 6.7% during 2022-2028.

The growing demand for home automation gadgets and energy-efficient security solutions at home, coupled with rapid urbanization and increasing disposable income, is a prominent factor driving the demand for external blinds. Key players engaged in manufacturing the external blinds are ramping up their production capacities to fulfill the growing consumer demands. Initiatives from various governments towards residential construction is also contributing to the demand for external blinds. In May 2022, the Secretary of the Interior of the US announced funds of US$ 61.1 million for 26 cities across the US to create new parks and trails, along with substantial renovations to existing parks, through the Outdoor Recreation Legacy Partnership (ORLP) program. Thus, the rise in construction activities, coupled with government initiatives to promote eco-friendly practices, augments the external blinds market.

According to the Attachments Energy Rating Council (AERC) and the US Department of Energy (DOE), in January 2020, Hunter Douglas earned the very first energy performance rating for window coverings of their cellular shades and cellular roller shades lines. The presence of key companies and distributors, continuity in R&D activities, and availability of different innovative products are a few of the key factors contributing to the growth of the external blinds market. In addition, rising collaboration activities among market players in the external blinds market are expected to propel the market growth in the coming years. The analysis of external blinds market will help to understand the upcoming product trends, innovative technologies, and macro and micro factors which impact the market growth.

According to data published on the Yonhap News Agency website in February 2021, the South Korean government announced its intentions of easing building regulations and supporting redevelopment projects in urban areas to increase the number of new houses to 836,000 nationwide. The latest policy by the Ministry of Land, Infrastructure, and Transport-focusing on increasing the home supply in the Seoul metropolitan area and other major cities-includes 323,000 new houses in Seoul and 293,000 in the surrounding Gyeonggi Province. In September 2021, the government of Egypt announced the construction of 37 new smart city projects. The first phase of construction work has been underway for the past five years, with US$ 20 billion of investments pumped in the area spanning 40,000 feddans (16,800 ha). Such developments in the residential and commercial construction industries in various countries can be directly proportional to the progress of the external blinds market.

The key players profiled in the external blinds market study are Alulux GmbH; Griesser AG; Country Blinds Pty Ltd; Hunter Douglas; MHZ Hachtel GmbH & Co. KG; NEVA; Schenker Storen; Serge Ferrari S.A.S.; Verano; and WAREMA Renkhoff SE. The market report provides detailed market insights that help the major companies in adopting apt strategies to secure growth.

The residential construction market in countries in Western Europe, such as the UK and France, and countries in Central and South Europe is growing considerably. Factors such as the high per capita income of the population, and the booming building and construction industry in the region support the expansion of the European external blinds market. Rising income levels, low borrowing rates, and high net migration levels propel the growth of the housing market in Germany. According to German authority, 3.6 billion migrants are expected to arrive in Germany by 2024. There is a need for at least 350,000 additional homes every year in the country. The widescale adoption of external blinds among commercial, residential, and industrial buildings drives the growth of the Europe external blinds market.

To meet client demands, manufacturers combine materials with the best weight and strength combination. They are interested in using environmentally friendly and ecologically sustainable materials for the production of vertical blinds, corded blinds, pleated blinds, and panel blinds, among others. However, high-quality blinds are expensive, which limits their demand among costumers. Therefore, producers and dealers are progressively coming up with new pricing points to target lucrative segments of the external blinds market in Europe.

Asia Pacific held the largest share of the external blinds market in 2021. China is expected to provide ample growth opportunities to the market during the forecast period, owing to the rise in construction activities, and a widescale uptake of fa?ade systems in residential and commercial buildings across the country. Prominent multinational companies, large domestic enterprises, and many hotels and resorts in China are shifting toward green building culture. Additionally, the growing popularity of eco-friendly construction techniques to raise the quality and safety of buildings has propelled the demand for smart external blinds systems in China. APAC countries, particularly China, India, and Singapore, are characterized by the adoption of recent trends in the design and construction sector.

According to the Oxford Economics/Haver Analytics data about the global construction growth 2020-2030, China, India, and the US are among the major contributors to residential construction activities in the world. As per Marsh LLC data in 2021, residential construction activity is expected to be the fastest-growing sector globally, growing at a rate of 7.1%. The residential sector accounted for 44% of total global construction in 2020, making it the largest subsector. All these factors boost the construction of residential and commercial buildings, further driving the external blinds market growth.

The external blinds market is analyzed on the basis of product type, operating system, and material. Based on product type, the market is segmented into venetian blinds, roller blinds, vertical blinds, panel blinds, and others. Based on operating system, the market is segmented into manual and automated. Based on material, the external blinds market is segmented into metal, wood, plastic, and others.

The external blinds market is segmented into five major regions: North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2021, Asia Pacific led the market with the largest market share, followed by North America. Further, Europe is expected to register the highest CAGR in the market during 2022-2028.