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(AsiaNewsWire.Net, August 10, 2016 ) Technavio Announces the Publication of its Research Report Blinds and Shades Market in the US 2016-2020
Technavio recognizes the following companies as the key players in the blinds and shades market in the US: Hunter Douglas, Lotus & Windoware, Newell Rubbermaid, and Springs Window Fashions.
Other Prominent Vendors in the market are: Comfortex Window Fashions, Insolroll, Lafayette Interior Fashions, Mariak, MechoShade Systems, Norman Window Fashions, Skandia Window Fashions, and The Shade Store.
Commenting on the report, an analyst from Technavios team said: Increasing popularity of omni-channel and online retail is a major trend spurring market growth. Omni-channel retailing provides customers with the option of multiple channels for shopping, and owing to its convenience, the channel is fast becoming the norm for the majority of vendors. This channel offers consumers with an option to order products online and get it delivered through brick-and-mortar stores on the same day at their convenience. This integration of physical and digital retailing is a major factor for the growing demand of such shopping experiences, especially for consumers who lead hectic lifestyles.
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According to the report, increased number of residential and commercial building constructions will be a key driver for market growth. Construction of commercial buildings is also anticipated to increase during the forecast period. Spending on non-residential construction in the US will likely increase by approximately 5% and reach $500 billion in 2019. As blinds and shades are used as essential items in both residential and commercial buildings, the growing construction activities will drive the market growth over the next five years.
Further, the report states that risk of strangulation will be one of the challenges against the growth of the market. Consumers prefer purchasing products that are cost-effective. The discretionary purchase behavior of consumers is posting a decline in the market as most US consumers for blinds and shades are price-sensitive. This also reduces the brand loyalty toward particular vendors as consumers tend to opt for value-for-money products. Lack of product differentiation and easy availability of similar products at varying price-points also tend to limit brand loyalty.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
About Blinds and Shades
Blinds and shades, which are the most commonly used window covering products in the US, are available in different types, colors, and textures. Consumers' preferences for aesthetically appealing window covering products play an important role in the growth of the blinds and shades market in the country. The demand for customized products is also increasing, which will exert a positive impact on the growth of the market over the next five years.
Technavios analysts forecast the blinds and shades market in the US to grow at a CAGR of 3.77% during the period 2016-2020.
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Covered in this report
The report covers the present scenario and the growth prospects of the blinds and shades market in the US for 2016-2020. To calculate the market size, the report considers the revenue generated from the retail sales of blinds and shades in the US.
The market is divided into the following segments based on store format:
Online retail stores
Superstores, supermarkets and hypermarkets
Technavio's report, Blinds and Shades Market in the US 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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