At 8.0% CAGR, the Europe External Blinds Market is projected to be worth US$ 6,445.63 million by 2028 says Business Market Insights

According to Business Market Insights research, the Europe external blinds market  was valued at US$  4,050.76 million in 2022 and is expected to reach US$  6,445.63 million by 2028 registering a CAGR of 8.0% from 2022 to 2028. Growing residential and commercial construction activities, benefits of external blinds, and rising urban population are the critical factors attributed to the Europe external blinds market  expansion.        

The population in the urban cities/areas across the world is increasing rapidly. According to the article published by StatisticsTimes.com in September 2021, the world's urban population was 4.5 billion in 2021 and will grow to 6.7 billion by 2050. Furthermore, the global rural population is expected to decline to 3.1 billion by 2050, according to the article published by StatisticsTimes.com, in September 2021. The continuously rising population in urban areas would create a need to construct/build new infrastructure, such as commercial and residential buildings, across the world, which is expected to provide lucrative opportunities for the Europe external blinds market players during the forecast period.

On the contrary, problems associated with automated external blinds hampers the Europe external blinds market .  

Based on product type, the Europe external blinds market is segmented into venetian blinds, roller blinds, vertical blinds, panel blinds, and others. The venetian blinds segment held 32.8% share of Europe external blinds market  in 2022, amassing US$ 1,327.89 million. It is projected to garner US$ 2,489.41 million by 2028 to expand at 11.0% CAGR during 2022–2028.

Based on operating system, the Europe external blinds market is bifurcated into manual and automated. The automated segment held 65.3% share of Europe external blinds market in 2022, amassing US$ 2,644.40 million. It is projected to garner US$ 4,509.28 million by 2028 to expand at 9.3% CAGR during 2022–2028.

Based on material, the Europe external blinds market is divided into metal, wood, plastic, and others. The metal segment held 38.3% share of Europe external blinds market in 2022, amassing US$ 1,550.97 million. It is projected to garner US$ 2,973.70 million by 2028 to expand at 11.5% CAGR during 2022–2028.

Based on end use, the Europe external blinds market is bifurcated into residential and commercial. The commercial segment held 66.4% share of Europe external blinds market in 2022, amassing US$ 2,690.63 million. It is projected to garner US$ 4,465.03 million by 2028 to expand at 8.8% CAGR during 2022–2028.

Based on country, the Europe external blinds market  is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 36.8% share of Europe external blinds market in 2022. It was assessed at US$ 1,488.78 million in 2022 and is likely to hit US$ 2,749.63 million by 2028 exhibiting a CAGR of 10.8% CAGR during 2022–2028.      

Key players operating in the Europe external blinds market are Alulux GmbH, Droma-Sunshade Experts, Griesser AG, Hunter Douglas, MHZ Hachtel GmbH & Co. KG, NEVA, ROMA KG, Schenker Storen, SELT Sun Protection Systems, Serge Ferrari, Stobag AG, Verano, 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.

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