Europe Commercial Blinds And Shades Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 12.35 Billion |
| Market Size (2029) | USD 16.30 Billion |
| CAGR (2024 - 2029) | 4.80 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Europe Commercial Blinds And Shades Market Analysis
The Europe Commercial Blinds And Shades Market size is estimated at USD 12.35 billion in 2024, and is expected to reach USD 16.30 billion by 2029, growing at a CAGR of 4.80% during the forecast period (2024-2029).
- Commercial window treatments, also known as commercial blinds, offer numerous benefits that make them a great option for businesses of any scale. These window treatments are designed specifically for use in offices and other commercial settings such as hospitals, hotels, and restaurants. They provide functional, reliable, and cost-effective solutions for window coverings in office spaces. The market's growth is expected to be significantly driven by the rising investments in the region's commercial real estate sector.
- Blinds and shades are coverings designed to protect windows from dust and manage the level of natural light entering a room. While shades are constructed from one or more pieces of fabric, blinds are made of rigid horizontal slats. Furthermore, commercial shades like solar shades are an excellent choice for commercial environments, providing durability, energy efficiency, and UV protection. Commercial shades and blinds contribute significantly to the overall functionality of a building in areas where comfort, user experience, safety, and energy usage are key considerations.
- The real estate sector has seen significant expansion in the past few years across EU States, marked by rising values of commercial properties. As the number of commercial buildings continues to grow, so does the demand for window coverings, resulting in higher prices for window blinds. The window blind industry wields considerable sway over consumer expenditure. Moreover, there is a noticeable surge in brand recognition and television advertising, which has further boosted the window blind market.
- The growth of the blinds and shades industry is projected to receive a boost from the rise in commercial building construction. The demand for blinds and shades is being driven by fast urbanization and an improvement in the quality of life for individuals. The European Commission predicts that Europe's urbanization rate will reach around 83.7% by 2050. By 2030, urban areas are expected to expand throughout most of the EU, with Italy experiencing the largest absolute growth, followed by Germany. These key factors are likely to greatly improve market opportunities.
- Commercial window shades can lower energy expenses in an office setting by preventing sunlight from entering during hot seasons and providing insulation for windows in colder seasons. These energy-saving shades assist in regulating indoor temperatures, decreasing reliance on heating and cooling systems, resulting in reduced energy bills and a more pleasant atmosphere. Additionally, due to the rising number of government programs promoting energy efficiency in commercial establishments in countries such as the United Kingdom, Germany, and France, there is anticipated growth in demand for these products.
- The increasing customer demand for the latest technology-driven products has led window covering providers to offer a wide range of blinds and shades with advanced features and competitive prices. With ongoing technological advancements and the integration of new features into industrial automation, there is a projected rise in the demand for intelligent buildings is projected to rise. Consequently, the demand for portable window coverings is expected to experience rapid growth in the coming years, which is in line with the development of smarter buildings.
- In addition, it is crucial to provide homeowners with adequate privacy and light management options through blinds, curtains, or drapes. The lack of knowledge about interior window treatment solutions among consumers is a challenge for the market.
Europe Commercial Blinds And Shades Market Trends
The Offices Segment is Expected to Hold a Significant Share in the Market
- In recent years, the real estate sector has seen a notable increase in value in the European Union, particularly in commercial developments. This surge has led to a rise in demand for window covering materials, such as curtains and blinds, as the number of buildings continues to increase. Window blinds are commonly used in office spaces for privacy, security, and light control while offering aesthetic benefits. The market is anticipated to be bolstered by ongoing investments in commercial office spaces.
- The demand for blinds and shades is significantly driven by offices, a major end-user segment. Vertical blinds are a preferred choice in office environments because of their low maintenance characteristics. Their vertical slats effectively prevent dust accumulation, resulting in reduced cleaning needs. Furthermore, Venetian blinds have become increasingly popular in office spaces due to their contemporary design and diverse options. Countries like Germany and the United Kingdom are experiencing notable investments in office spaces, which is projected to stimulate the market's growth.
- The performance of the European office real estate market is closely tied to the progress of its domestic economies. Despite the European economy's recovery from the impact of the COVID-19 pandemic, the office real estate sector is experiencing a surge. EPRA reports that the value of commercial real estate in Germany reached over USD 1.9 trillion in 2023, up from around USD 1.8 trillion in 2022. Investments in office spaces are also notably rising in EU countries, which is anticipated to fuel the market's expansion.
- Changes in office architectural design are contributing to the growth of the window blinds market. The increasing number of commercial spaces are prioritizing a pleasant atmosphere, aligning with their efforts to enhance employee health, performance, and well-being. By managing sunlight levels, blinds can effectively reduce eyestrain and headaches for employees who frequently use screens. These advantages are anticipated to fuel the demand for blinds in office environments.
- The demand for commercial real estate in countries like France within the European Union is driving the need for commercial blinds and shades in the foreseeable future. Recent data from the European Public Real Estate Association indicates that the value of commercial real estate in France exceeded USD 1.31 trillion by the end of 2023, compared to approximately USD 1.26 trillion in 2022. With the expansion of the commercial real estate industry, there is expected to be a notable increase in the demand for window blinds and shades in office settings.
- The European market for window coverings is expected to see growth driven by the increasing consumer preference for eco-friendly blinds in commercial office environments during the forecast period. The availability of a broader price range for window coverings could present obstacles, but it may also spur the utilization of external blinds. Addressing consumers' lack of awareness about interior window treatment options could be challenging. Nevertheless, the European market for internal window blinds is projected to benefit from the rising demand for improving building comfort and sustainability.
The United Kingdom is Expected to Hold a Significant Share in the Market
- Increasing consumer disposable income and rapid urbanization of the United Kingdom, coupled with the real estate development in the area, are expected to fuel the growth of the European window coverings market during the forecast period. Sliding and insulated profiles are currently in high demand for use as replacements in various commercial spaces due to their improved insulating properties, ease of use, and space-efficient design.
- Consumer demand for blinds and shades based on the latest technology is rising. As a result, window covering manufacturers offer various blinds and shades with cutting-edge features at affordable costs. Driven by technological advancements and the addition of new features to industrial automation, the adoption of smart buildings is anticipated to remain strong. Thus, demand for movable window coverings is anticipated to grow quickly during the forecast period as the number of smart buildings rises in the region.
- The European window coverings market is anticipated to be driven by rising consumer demand for eco-friendly blinds for houses during the forecast period. A more excellent price range for window coverings may act as a deterrent and encourage the use of outside blinds. Nonetheless, the market for internal window blinds in the United Kingdom is anticipated to benefit from the growing need to enhance building comfort and sustainability.
- With the growing rate of real estate in the United Kingdom, the demand for commercial offices, logistic hubs, institutions, and hotels is due to the high demand for accommodation necessities for various offices, which directly impacts the demand for blinds and shades. ERPA's findings indicate that the UK commercial real estate market had a value of nearly USD 1.8 trillion as of December 2023, showing a growth of around USD 100 million compared to 2022. The UK ranked as the second-largest commercial real estate market in Europe, after Germany.
- The blinds and shades market is forecasted to experience expansion due to an increase in the construction of commercial structures. The demand for blinds and shades is being stimulated by rapid urbanization and an improvement in people's living standards. The urban population (% of total population) in the United Kingdom was documented at 84.64% in 2023, according to the World Bank. Moreover, England's urban population is growing more rapidly than its rural population, according to the UK government. These important factors are expected to drive opportunities in the market.
- In addition, the popularity of intelligent commercial buildings is rising, and infrastructure is being developed throughout the United Kingdom, which is expected to drive the market forward during the projection period. Commercial buildings' interior architecture has changed, increasing the demand for window coverings.
Europe Commercial Blinds And Shades Industry Overview
The European commercial blinds and shades market is highly fragmented with the presence of major players like Hunter Douglas, WAREMA Renkhoff SE, John Lewis PLC, SERVIS CLIMAX AS, and ALL BLINDS Co. Ltd. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
- May 2023: BIW Products, a prominent producer of curtains and blinds, strategically entered the growing smart home solutions market with the launch of their advanced smart blinds. Additionally, the company unveiled motion blinds integrated with smart home systems to cater to the high-end market segment, with a projected sales growth of 65% in 2023.
Europe Commercial Blinds And Shades Market Leaders
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Hunter Douglas
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WAREMA Renkhoff SE
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John Lewis plc
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SERVIS CLIMAX, a.s.
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ALL BLINDS CO., LTD.
*Disclaimer: Major Players sorted in no particular order
Europe Commercial Blinds And Shades Market News
- March 2023: The VELUX Group introduced a new line of roof window blinds under the name Nature Collection, with a 50% decrease in carbon footprint. These blinds are predominantly crafted from recycled materials, resulting in a substantial reduction in their overall carbon footprint when compared to the traditional VELUX blinds. The textile used in the blinds is composed of 50% recycled material, with plans to transition to 100% recycled by 2023. The use of low-carbon aluminum contributes significantly to the overall carbon reduction.
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Europe Commercial Blinds And Shades Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Consumers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitutes
4.2.5 Intensity of Competitive Rivalry
4.3 Value Chain Analysis
4.4 Assessment of the Impact of COVID-19 Pandemic on the Industry
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Availability of Interior Blinds in Various Colors for Aesthetic Appeal
5.1.2 Rising Demand for Improved Sustainability and Comfort for Buildings
5.2 Market Restraint
5.2.1 Lack of Awareness About Interior Window Treatment Solutions Among Consumers
6. MARKET SEGMENTATION
6.1 By Type
6.1.1 Blind (Venetian, Vertical, Roller, and Other Blinds)
6.1.2 Shade (Roman, Pleated, and Roller)
6.2 By Distribution Channel
6.2.1 Online
6.2.2 Offline (Departmental Stores, Specialists, DIY, and Grocery Stores)
6.3 By Mechanism
6.3.1 Fully Automatic
6.3.2 Semi-automatic
6.4 By End User
6.4.1 Retail
6.4.2 Hospitality, Leisure, and Entertainment
6.4.3 Offices
6.4.4 Healthcare
6.4.5 Educational Institutions
6.5 By Country***
6.5.1 Germany
6.5.2 France
6.5.3 United Kingdom
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Hunter Douglas
7.1.2 WAREMA Renkhoff SE
7.1.3 John Lewis PLC
7.1.4 SERVIS CLIMAX AS
7.1.5 ALL BLINDS Co. Ltd
7.1.6 Griesser AG
7.1.7 LITE SIA
7.1.8 RESSTENDE SRL
7.1.9 TOSO COMPANY LIMITED
7.1.10 Hillarys
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET
Europe Commercial Blinds And Shades Industry Segmentation
Shades are a single solid window covering made of softer materials, whereas blinds are structural window coverings with slats that may be tilted open or closed. Blinds come in various materials, including wood, woven wood, bamboo, fake wood, aluminum, and vinyl, and can be horizontal or vertical.
The European commercial blinds and shades market is segmented by type (blinds and shades), distribution channel (online and offline), mechanism (fully automatic and semi-automatic), end user (retail, hospitality, leisure and entertainment, offices, healthcare, and educational institutions) and country (Germany, France, United Kingdom, and Rest of Europe). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
| By Type | |
| Blind (Venetian, Vertical, Roller, and Other Blinds) | |
| Shade (Roman, Pleated, and Roller) |
| By Distribution Channel | |
| Online | |
| Offline (Departmental Stores, Specialists, DIY, and Grocery Stores) |
| By Mechanism | |
| Fully Automatic | |
| Semi-automatic |
| By End User | |
| Retail | |
| Hospitality, Leisure, and Entertainment | |
| Offices | |
| Healthcare | |
| Educational Institutions |
| By Country*** | |
| Germany | |
| France | |
| United Kingdom |
Europe Commercial Blinds And Shades Market Research Faqs
How big is the Europe Commercial Blinds And Shades Market?
The Europe Commercial Blinds And Shades Market size is expected to reach USD 12.35 billion in 2024 and grow at a CAGR of 4.80% to reach USD 16.30 billion by 2029.
What is the current Europe Commercial Blinds And Shades Market size?
In 2024, the Europe Commercial Blinds And Shades Market size is expected to reach USD 12.35 billion.
Who are the key players in Europe Commercial Blinds And Shades Market?
Hunter Douglas, WAREMA Renkhoff SE, John Lewis plc, SERVIS CLIMAX, a.s. and ALL BLINDS CO., LTD. are the major companies operating in the Europe Commercial Blinds And Shades Market.
What years does this Europe Commercial Blinds And Shades Market cover, and what was the market size in 2023?
In 2023, the Europe Commercial Blinds And Shades Market size was estimated at USD 11.76 billion. The report covers the Europe Commercial Blinds And Shades Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Commercial Blinds And Shades Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Commercial Blinds And Shades Industry Report
Statistics for the 2024 Europe Commercial Blinds and Shades market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Commercial Blinds and Shades analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
