Asia Pacific External Blinds Market Forecast to 2028
Asia Pacific External Blinds Market Forecast to 2028 – Regional Analysis – by Product Type (Venetian Blinds, Roller Blinds, Vertical Blinds, Panel Blinds, and Others), Operating System (Manual and Automated), Material (Metal, Wood, Plastic, and Others), and End Use (Residential and Commercial)
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Description
Growing Residential and Commercial Construction Activities Fuels Asia Pacific External Blinds Market
Commercial and residential constructions are continuously growing across the world, majorly in developing countries. According to the Ridgewater Homes website data, in 2021, there was a 10% growth in the construction of residential buildings in Australia. The growth is attributed to the rising demand for houses due to record-low interest rates, growth in sustained employment, and an increase in government programs such as HomeBuilder. Further, several government initiatives help the housing industry. For instance, according to the Yonhap News Agency website data of February 2021, the South Korean government announced that it will ease building regulations and support redevelopment projects in urban areas to increase the number of new houses to 836,000 nationwide. The latest housing policy focuses on increasing the home supply in the Seoul metropolitan area and other major cities to stabilize the heated real estate market. The latest policy consists of 323,000 new houses in Seoul, the hotspot of the real estate frenzy, and 293,000 in the surrounding Gyeonggi Province, according to the Ministry of Land, Infrastructure, and Transport.
Moreover, strong economic conditions and low housing loan interest rates propel the expansion of construction activities in North America, Asia Pacific, and the Middle East & Africa. According to the Oxford Economics/Haver Analytics data of contribution to global construction growth 2020–2030, China, India, and the US are among the major contributors in residential construction activities. In 2021, residential construction activity is expected to be the fastest-growing sector globally at 7.1%, according to the Marsh LLC data. The residential sector accounted for 44% of total global construction in 2020, making it the largest subsector and a key driver of the global growth. Therefore, all these factors boost the construction of residential and commercial buildings. Thus, the rising construction activities propel the demand for external blinds, which drives the Asia Pacific external blinds market growth.
Asia Pacific External Blinds Market Overview
The growth of the external blinds market in Asia Pacific region is attributed to rise in construction activities and growing adoption for energy efficient security at home. The rise in the number of house renovations and people trying to change lifestyles has been observed in previous years. The idea of green buildings has got a lot of attention across the globe, particularly in South Asia, because of rising energy efficiency concerns. Furthermore, the demand for external blinds is likely to increase in coming years as green building initiatives become more prevalent in the Asia Pacific countries. In addition, the developments from key players in upgrading the products is also fueling the market growth. For instance, in July 2020, the Norman, office furnishing product company from Australia had introduced innovative fabric-based ‘Soluna Roller shades’. Thus, such upcoming developments, new building renovation trends with improved energy efficient houses, supportive government policies and rise in construction activities are some of the prominent factors influencing the demand for external blinds in Asia Pacific region which further drives the market outlook over the projected period.
Asia Pacific External Blinds Market Revenue and Forecast to 2028 (US$ Million)
Asia Pacific External Blinds Market Segmentation
The Asia Pacific external blinds market is segmented into product type, operating system, material, and end use, and country.
Based on product type, the Asia Pacific external blinds market is segmented into venetian blinds, roller blinds, vertical blinds, panel blinds, and others. The venetian blinds segment accounted the largest share of the Asia Pacific external blinds market in 2022.
By o n operating system, the Asia Pacific external blinds market is bifurcated into manual and automated. The manual segment held a larger share of the Asia Pacific external blinds market in 2022.
Based on material, the Asia Pacific external blinds market is divided into metal, wood, plastic, and others. The metal segment held the largest share of the Asia Pacific external blinds market in 2022.
By end use, the Asia Pacific external blinds market is bifurcated into residential and commercial. In 2022, the commercial segment held a larger share of the Asia Pacific external blinds market.
Based on country, the Asia Pacific external blinds market is segmented int o Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the share of the Asia Pacific external blinds market in 2022.
Alulux GmbH, Hunter Douglas, NEVA, Serge Ferrari, and Warema Renkhoff SE are some of the leading companies operating in the Asia Pacific external blinds market.
Summary Info
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According to the research team’ research, the Asia Pacific external blinds market was valued at US$ 5,285.35 million in 2022 and is expected to reach US$ 7,412.67 million by 2028 registering a CAGR of 5.8% from 2022 to 2028. Growing residential and commercial construction activities and benefits of external blinds are the critical factors attributed to the Asia Pacific external blinds market expansion.
Commercial and residential constructions are continuously growing across the world, majorly in developing countries. According to the Ridgewater Homes website data, in 2021, there was a 10% growth in the construction of residential buildings in Australia. The growth is attributed to the rising demand for houses due to record-low interest rates, growth in sustained employment, and an increase in government programs such as HomeBuilder. Further, several government initiatives help the housing industry. For instance, according to the Yonhap News Agency website data of February 2021, the South Korean government announced that it will ease building regulations and support redevelopment projects in urban areas to increase the number of new houses to 836,000 nationwide. The latest housing policy focuses on increasing the home supply in the Seoul metropolitan area and other major cities to stabilize the heated real estate market. The latest policy consists of 323,000 new houses in Seoul, the hotspot of the real estate frenzy, and 293,000 in the surrounding Gyeonggi Province, according to the Ministry of Land, Infrastructure, and Transport. Moreover, strong economic conditions and low housing loan interest rates propel the expansion of construction activities in North America, Asia Pacific, and the Middle East & Africa. According to the Oxford Economics/Haver Analytics data of contribution to global construction growth 2020–2030, China, India, and the US are among the major contributors in residential construction activities. In 2021, residential construction activity is expected to be the fastest-growing sector globally at 7.1%, according to the Marsh LLC data. The residential sector accounted for 44% of total global construction in 2020, making it the largest subsector and a key driver of the global growth. Therefore, all these factors boost the construction of residential and commercial buildings. Thus, the rising construction activities propel the demand for external blinds, which drives the Asia Pacific external blinds market growth.
On the contrary, problems associated with automated external blinds hampers the Asia Pacific external blinds market .
Based on product type, the Asia Pacific external blinds market is segmented into venetian blinds, roller blinds, vertical blinds, panel blinds, and others. The venetian blinds segment held 31.4% share of Asia Pacific external blinds market in 2022, amassing US$ 1,661.94 million. It is projected to garner US$ 2,669.10 million by 2028 to expand at 8.2% CAGR during 2022–2028.
Based on operating system, the Asia Pacific external blinds market is bifurcated into manual and automated. The manual segment held 50.6% share of Asia Pacific external blinds market in 2022, amassing US$ 2,672.78 million. It is projected to garner US$ 4,033.70 million by 2028 to expand at 7.1% CAGR during 2022–2028.
Based on material, the Asia Pacific external blinds market is divided into metal, wood, plastic, and others. The metal segment held 35.8% share of Asia Pacific external blinds market in 2022, amassing US$ 1,893.45 million. It is projected to garner US$ 2,945.82 million by 2028 to expand at 7.6% CAGR during 2022–2028.
Based on end use, the Asia Pacific external blinds market is bifurcated into residential and commercial. The commercial segment held 54.5% share of Asia Pacific external blinds market in 2022, amassing US$ 2,882.60 million. It is projected to garner US$ 4,430.34 million by 2028 to expand at 7.4% CAGR during 2022–2028.
Based on country, the Asia Pacific external blinds market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 34.1% share of Asia Pacific external blinds market in 2022. It was assessed at US$ 1,804.17 million in 2022 and is likely to hit US$ 2,574.64 million by 2028 exhibiting a CAGR of 6.1% CAGR during 2022–2028.
Key players operating in the Asia Pacific external blinds market are Alulux GmbH, Hunter Douglas, NEVA, Serge Ferrari, and Warema Renkhoff SE, among others.
In 2022, Hunter Douglas have acquired 74% of Droma-Sunshade Experts, polish assembler of made-to-measure exterior sunscreens, shutters, and a wing.
o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific external blinds market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in Asia Pacific external blinds market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Research Team Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific External Blinds Market Landscape
4.1 Market Overview
4.2 Asia Pacific –PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Asia Pacific External Blinds Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Residential and Commercial Construction Activities
5.1.2 Benefits of External Blinds
5.2 Market Restraints
5.2.1 Problems Associated with Automated External Blinds
5.3 Market Opportunities
5.3.1 Rising Global Urban Population
5.4 Future Trends
5.4.1 Bluetooth Enabled Technology in External Blinds
5.5 Impact analysis of Drivers and Restraints
6. External Blinds – Asia Pacific Market Analysis
6.1 Asia Pacific External Blinds Market Overview
6.2 Asia Pacific External Blinds Market – Revenue and Forecast to 2028 (US$ Million)
7. Asia Pacific External Blinds Market Analysis – By Product Type
7.1 Overview
7.2 Asia Pacific External Blinds Market, By Product Type (2021 and 2028)
7.3 Venetian Blinds
7.3.1 Overview
7.3.2 Venetian Blinds: Asia Pacific External Blinds Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Roller Blinds
7.4.1 Roller Blinds: Asia Pacific External Blinds Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Vertical Blinds
7.5.1 Vertical Blinds: Asia Pacific External Blinds Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Panel Blinds
7.6.1 Panel Blinds: Asia Pacific External Blinds Market – Revenue and Forecast to 2028 (US$ Million)
7.7 Others
7.7.1 Others: Asia Pacific External Blinds Market – Revenue and Forecast to 2028 (US$ Million)
8. Asia Pacific External Blinds Market Analysis – By Operating System
8.1 Overview
8.2 Asia Pacific External Blinds Market, By Operating System (2021 and 2028)
8.3 Manual
8.3.1 Overview
8.3.2 Manual: Asia Pacific External Blinds Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Automated
8.4.1 Automated: Asia Pacific External Blinds Market – Revenue and Forecast to 2028 (US$ Million)
9. Asia Pacific External Blinds Market Analysis – By Material
9.1 Overview
9.2 Asia Pacific External Blinds Market, By Material Industry (2021 and 2028)
9.3 Metal
9.3.1 Overview
9.3.2 Metal: Asia Pacific External Blinds Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Wood
9.4.1 Wood: Asia Pacific External Blinds Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Plastic
9.5.1 Plastic: Asia Pacific External Blinds Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Others
9.6.1 Others: Asia Pacific External Blinds Market – Revenue and Forecast to 2028 (US$ Million)
10. Asia Pacific External Blinds Market Analysis – By End-Use
10.1 Overview
10.2 Asia Pacific External Blinds Market, By End-Use (2021 and 2028)
10.3 Residential
10.3.1 Overview
10.3.2 Residential: Asia Pacific External Blinds Market – Revenue and Forecast to 2028 (US$ Million)
10.4 Commercial
10.4.1 Commercial: Asia Pacific External Blinds Market – Revenue and Forecast to 2028 (US$ Million)
11. Asia Pacific External Blinds Market – Country Analysis
11.1 Overview
11.1.1 Asia Pacific External Blinds Market, by Key Country
11.1.1.1 Australia: Asia Pacific External Blinds Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.1 Australia: Asia Pacific External Blinds Market, By Product Type
11.1.1.1.2 Australia: Asia Pacific External Blinds Market, By Operating System
11.1.1.1.3 Australia: Asia Pacific External Blinds Market, By Material
11.1.1.1.4 Australia: Asia Pacific External Blinds Market, By End Use
11.1.1.2 China: Asia Pacific External Blinds Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 China: Asia Pacific External Blinds Market, By Product Type
11.1.1.2.2 China: Asia Pacific External Blinds Market, By Operating System
11.1.1.2.3 China: Asia Pacific External Blinds Market, By Material
11.1.1.2.4 China: Asia Pacific External Blinds Market, By End Use
11.1.1.3 India: Asia Pacific External Blinds Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.1 India: Asia Pacific External Blinds Market, By Product Type
11.1.1.3.2 India: Asia Pacific External Blinds Market, By Operating System
11.1.1.3.3 India: Asia Pacific External Blinds Market, By Material
11.1.1.3.4 India: Asia Pacific External Blinds Market, By End Use
11.1.1.4 Japan: Asia Pacific External Blinds Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.4.1 Japan: Asia Pacific External Blinds Market, By Product Type
11.1.1.4.2 Japan: Asia Pacific External Blinds Market, By Operating System
11.1.1.4.3 Japan: Asia Pacific External Blinds Market, By Material
11.1.1.4.4 Japan: Asia Pacific External Blinds Market, By End Use
11.1.1.5 South Korea: Asia Pacific External Blinds Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.5.1 South Korea: Asia Pacific External Blinds Market, By Operating System
11.1.1.5.2 South Korea: Asia Pacific External Blinds Market, By Material
11.1.1.5.3 South Korea: Asia Pacific External Blinds Market, By End Use
11.1.1.6 Rest of Asia Pacific: Asia Pacific External Blinds Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.6.1 Rest of Asia Pacific: Asia Pacific External Blinds Market, By Product Type
11.1.1.6.2 Rest of Asia Pacific: Asia Pacific External Blinds Market, By Operating System
11.1.1.6.3 Rest of Asia Pacific: Asia Pacific External Blinds Market, By Material
11.1.1.6.4 Rest of Asia Pacific: Asia Pacific External Blinds Market, By End Use
12. Industry Landscape
12.1 Overview
12.2 Merger and Acquisition
12.3 New Development
13. Company Profiles
13.1 Alulux GmbH
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Hunter Douglas
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 NEVA
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Serge Ferrari
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Warema Renkhoff SE
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
14. Appendix
14.1 About Research Team
14.2 Word Index
LIST OF TABLES
Table 1. Asia Pacific External Blinds Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. Australia: Asia Pacific External Blinds Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia: Asia Pacific External Blinds Market, By Operating System – Revenue and Forecast to 2028 (US$ Million)
Table 4. Australia: Asia Pacific External Blinds Market, By Material – Revenue and Forecast to 2028 (US$ Million)
Table 5. Australia: Asia Pacific External Blinds Market, By End Use – Revenue and Forecast to 2028 (US$ Million)
Table 6. China: Asia Pacific External Blinds Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. China: Asia Pacific External Blinds Market, By Operating System – Revenue and Forecast to 2028 (US$ Million)
Table 8. China: Asia Pacific External Blinds Market, By Material – Revenue and Forecast to 2028 (US$ Million)
Table 9. China: Asia Pacific External Blinds Market, By End Use – Revenue and Forecast to 2028 (US$ Million)
Table 10. India: Asia Pacific External Blinds Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. India: Asia Pacific External Blinds Market, By Operating System – Revenue and Forecast to 2028 (US$ Million)
Table 12. India: Asia Pacific External Blinds Market, By Material – Revenue and Forecast to 2028 (US$ Million)
Table 13. India: Asia Pacific External Blinds Market, By End Use – Revenue and Forecast to 2028 (US$ Million)
Table 14. Japan: Asia Pacific External Blinds Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 15. Japan: Asia Pacific External Blinds Market, By Material – Revenue and Forecast to 2028 (US$ Million)
Table 16. Japan: Asia Pacific External Blinds Market, By End Use – Revenue and Forecast to 2028 (US$ Million)
Table 17. South Korea: Asia Pacific External Blinds Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 18. South Korea: Asia Pacific External Blinds Market, By Operating System – Revenue and Forecast to 2028 (US$ Million)
Table 19. South Korea: Asia Pacific External Blinds Market, By Material – Revenue and Forecast to 2028 (US$ Million)
Table 20. South Korea: Asia Pacific External Blinds Market, By End Use – Revenue and Forecast to 2028 (US$ Million)
Table 21. Rest of Asia Pacific: Asia Pacific External Blinds Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 22. Rest of Asia Pacific: Asia Pacific External Blinds Market, By Operating System – Revenue and Forecast to 2028 (US$ Million)
Table 23. Rest of Asia Pacific: Asia Pacific External Blinds Market, By Material – Revenue and Forecast to 2028 (US$ Million)
Table 24. Rest of Asia Pacific: Asia Pacific External Blinds Market, By End Use – Revenue and Forecast to 2028 (US$ Million)
Table 25. List of Abbreviation
LIST OF FIGURES
Figure 1. Asia Pacific External Blinds Market Segmentation
Figure 2. Asia Pacific External Blinds Market Segmentation – By Country
Figure 3. Asia Pacific External Blinds Market Overview
Figure 4. Asia Pacific External Blinds Market – Product Type Analysis
Figure 5. Asia Pacific External Blinds Market – Country Analysis
Figure 6. Asia Pacific – PEST Analysis
Figure 7. Asia Pacific External Blinds Market– Ecosystem Analysis
Figure 8. Expert Opinion
Figure 9. Asia Pacific External Blinds Market: Impact Analysis of Drivers and Restraints
Figure 10. Asia Pacific External Blinds Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. Asia Pacific External Blinds Market Revenue Share, by Product Type (2021 and 2028)
Figure 12. Venetian Blinds: Asia Pacific External Blinds Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Roller Blinds: Asia Pacific External Blinds Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Vertical Blinds: Asia Pacific External Blinds Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Panel Blinds: Asia Pacific External Blinds Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Others: Asia Pacific External Blinds Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Asia Pacific External Blinds Market Revenue Share, by Operating System (2021 and 2028)
Figure 18. Manual: Asia Pacific External Blinds Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Automated: Asia Pacific External Blinds Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Asia Pacific External Blinds Market Revenue Share, by Material (2021 and 2028)
Figure 21. Metal: Asia Pacific External Blinds Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Wood: Asia Pacific External Blinds Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Plastic: Asia Pacific External Blinds Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Others: Asia Pacific External Blinds Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Asia Pacific External Blinds Market Revenue Share, by End-Use (2021 and 2028)
Figure 26. Residential: Asia Pacific External Blinds Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Commercial: Asia Pacific External Blinds Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Asia Pacific External Blinds Market, by Key Country– Revenue (2021) (US$ Million)
Figure 29. Asia Pacific External Blinds Market Revenue Share, by Key Country (2021 and 2028)
Figure 30. Australia: Asia Pacific External Blinds Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. China: Asia Pacific External Blinds Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. India: Asia Pacific External Blinds Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Japan: Asia Pacific External Blinds Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. South Korea: Asia Pacific External Blinds Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Rest of Asia Pacific: Asia Pacific External Blinds Market – Revenue and Forecast to 2028 (US$ Million)
The List of Companies – Asia Pacific External Blinds Market
o Alulux GmbH
o Hunter Douglas
o NEVA
o Serge Ferrari
o Warema Renkhoff SE
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