Asia Pacific External Blinds Market
No. of Pages: 107 | Report Code: BMIRE00029220 | Category: Manufacturing and Construction
No. of Pages: 107 | Report Code: BMIRE00029220 | Category: Manufacturing and Construction
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.
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.
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 on 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 into 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.
Strategic insights for the Asia Pacific External Blinds provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 5,285.35 Million |
| Market Size by 2028 | US$ 7,412.67 Million |
| Global CAGR (2022 - 2028) | 5.8% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered | Asia-Pacific
|
| Market leaders and key company profiles |
The geographic scope of the Asia Pacific External Blinds refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The Asia Pacific External Blinds Market is valued at US$ 5,285.35 Million in 2022, it is projected to reach US$ 7,412.67 Million by 2028.
As per our report Asia Pacific External Blinds Market, the market size is valued at US$ 5,285.35 Million in 2022, projecting it to reach US$ 7,412.67 Million by 2028. This translates to a CAGR of approximately 5.8% during the forecast period.
The Asia Pacific External Blinds Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific External Blinds Market report:
The Asia Pacific External Blinds Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific External Blinds Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific External Blinds Market value chain can benefit from the information contained in a comprehensive market report.
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