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Based on product type, the blinds & shades segment dominated around USD 7 billion revenue in 2023. Blinds and shades are available in various styles, materials, and designs, offering versatility to suit different preferences and interior decor styles. They also provide effective light control and privacy options. They can be adjusted to regulate the amount of light entering a room, offering flexibility throughout the day.
Blinds and shades are available at various price points, making them accessible to a wide range of consumers with different budgets. While there are high-end options with premium features, there are also more budget-friendly alternatives, allowing individuals to find products that suit their financial requirements.
Based on technology, the manual covers segment held over 67% of the window coverings market share in 2023. Manual covers are generally more affordable than their motorized counterparts. This makes them accessible to a wider range of consumers, particularly those on a budget or those who prioritize cost-effectiveness. Manual covers are typically easier to install compared to motorized options. They do not require complex wiring or electrical work, which can reduce installation time and costs.
Additionally, manual covers offer a wide range of styles, materials, and customization options. This flexibility allows consumers to choose coverings that best suit their aesthetic preferences, functional needs, and budget constraints.
Based on price range, the window coverings market from mid-range segment accounted for 46% of the revenue share in 2023. Mid-range window covers typically offer a balance between quality and affordability. They are priced reasonably, making them accessible to a larger segment of the population compared to high-end options. Mid-range window covers are available in a wide variety of styles, materials, and designs. This variety allows customers to find options that suit their preferences while still fitting within their budget.
Moreover, mid-range window coverings, while not reaching the same level of luxury or craftsmanship as high-end options, typically offer satisfactory quality. Customers can therefore expect durability and functionality without having to pay a premium price.
North America window coverings market size reached USD 5 billion in 2023. North America has a significant population and household base, which creates a substantial demand for window coverings. The region has a strong and stable economy, which enables consumers to spend on home improvement and decoration products like window coverings. North America has a prevalent culture of homeownership, with many individuals owning their homes.
Homeowners are more likely to invest in window coverings to personalize and enhance their living spaces. Additionally, North American manufacturers and designers often lead in innovation and design trends, offering a wide range of styles, materials, and customization options to meet diverse consumer preferences. The rise in disposable income further contributes to this regional market trend.