Blinds & Shades Market Share, Size, Revenue, Latest Trends, CAGR Status, Growth Opportunities and Forecast 2029
The global blind & shades market is expected to surpass a valuation of US$ 14.2 Bn in 2022 and at a CAGR of approximately 4.4% through 2029.Customer’s increasing surge for personalized control on the management of the light and air, is encouraging manufacturers to launch innovative blind & shades in the market with their increasing focus on fully automated products.
Furthermore, smart-phone-enabled operations for blinds and shades are creating new potential for the global market. Furthermore, the development of blinds that are coupled with voice recognition technology is changing home décor industry trends, which is favourably influencing the worldwide blind and shade market’s value growth.
IKEA, for example, has created remote-controlled blinds that include speech recognition and a smart lighting kit. These automatic blinds can be operated with a smartphone for a more personalised experience, and they’re compatible with AI-enabled virtual assistants like Alexa and Google Assistant.
Moreover, in the blinds and shades market, manufacturers have the option of producing eco-friendly blind and shades. In the current market, only a few companies are creating eco-friendly blind and shades, which opens up potential for other businesses to invest in sustainable interior décor items.
Growing consumer knowledge of sustainable or eco-friendly products is expected to influence their purchasing decisions. As a result, the market in developed nations with strong consumer awareness has the potential to grow.
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