Research Nester has released a report titled “Curtain Window Market: Demand Analysis & Opportunity Outlook 2030” which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, along with the impact of COVID-19 and a detailed discussion on the latest trends and future opportunities that are associated with the growth of the market.
The GDP of Japan touched USD 5.065 Trillion (in current US$) in the year 2019, up from USD 4.389 Trillion in the year 2015, according to the statistics by the World Bank.
The statistics portray the growing economy of Japan, which is also contributing to the growing disposable income of the individuals. Coupled with the rising urbanization in the nation, the demand for products that provide greater aesthetics, are witnessing a significant growth over the past few years. This can be attributed to the fact the Japanese people love to enjoy a very high standard of living. Owing to such factors, the demand for different types of window coverings is expected to witness massive growth, and in turn, contribute to the growth of the Japan window coverings market.
The Japan window coverings market is anticipated to grow with a CAGR of 4.1% over the forecast period, i.e., 2021–2030. The market is estimated to garner a revenue of USD 1018.9 Million by the end of 2030, up from a revenue of USD 685.2 Million in the year 2020. The market is segmented by curtain rail type into rods and tracks. Amongst these, in the year 2020, the rods segment generated the largest revenue and is further expected to hold the highest market share during the forecast period.
The Japan window coverings market is also segmented by type into window blinds, window shutter, window shades, curtains & drapes, and others. Amongst these, by the end of 2030, the window blinds segment is expected to generate the largest revenue of USD 371.6 Million. The segment registered a revenue of USD 231.6 Million in the year 2020, and is further expected to grow with the highest CAGR of 4.9% during the forecast period.
However, the increasing preference for smart glass over window coverings is one of the major factors projected to hinder the market growth in the coming years.
This report also provides the existing competitive scenario of some of the key players of the Japan window coverings market, which includes company profiling of TOSO Company Limited, Nichibei Co., Ltd., Nien Made Enterprise Co., Ltd., Hunter Douglas N.V., Silent Gliss International Ltd., Nanik Japan, Inc., Carolina Blind Crafters, Lutron Electronics Co., Inc., Tachikawa Corporation, and others.
The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Curtain Window Market: Demand Analysis & Opportunity Outlook 2030”, analyses the overall Japan window coverings industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the Japan window coverings market in the near future.
More Information@ https://www.researchnester.com/reports/curtains-and-window-blinds-market/4735
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