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South Korea Window Coverings Market Overview, 2028


Traditional Korean hanok architecture emphasizes harmony with nature. Hanok windows often feature geonchae, wooden lattice screens that allow for ventilation while maintaining privacy. These lattic... もっと見る

 

 

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Bonafide Research & Marketing Pvt. Ltd.
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2023年8月31日 US$1,950
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67 英語

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Summary

Traditional Korean hanok architecture emphasizes harmony with nature. Hanok windows often feature geonchae, wooden lattice screens that allow for ventilation while maintaining privacy. These lattice patterns can inspire modern window covering designs. Window coverings hold cultural significance in South Korea. They are often chosen with consideration for traditional beliefs and aesthetics, reflecting a sense of respect for heritage. South Korean interior design emphasizes spatial awareness and harmony. Window coverings are selected to create a sense of balance within rooms and to harmonize with the overall design concept. South Korea experiences distinct seasons, and window coverings are chosen to accommodate the changing weather. Thicker coverings are used in winter for insulation, while lighter coverings allow for airflow and natural light during the warmer months. Rapid urbanization has led to smaller living spaces in cities. Window coverings that are space-efficient and versatile, such as sliding panels or roll-up blinds are favored to make the most of limited room. South Koreans value window treatments that offer flexibility. Coverings that can be adjusted to different positions, such as top-down/bottom-up shades, allow for customizable light control and privacy. Different generations may have varying preferences for window coverings. Younger individuals might lean towards modern, tech-savvy solutions, while older generations might value traditional aesthetics. South Korean homes often prioritize family spaces. Window coverings that cater to the needs of family members, such as blackout options for children's rooms or adjustable light control in shared spaces, are favored.

According to the research report "South Korea Window Coverings Market Overview, 2028," published by Bonafide Research, the South Korea window Coverings market is anticipated to grow at 7.26% CAGR from 2023 to 2028. South Korea's tech-savvy population has been driving the demand for smart and motorized window coverings. These solutions can be controlled remotely through smartphones or integrated into home automation systems, offering convenience and modernity. Urbanization and high population density have led to a greater need for privacy. Window coverings that offer versatile light control options, ensuring privacy while allowing natural light, are highly sought after. South Koreans value versatility in their living spaces. Window coverings that offer dual functionality, such as providing privacy while also contributing to insulation or sound absorption, are in demand. South Korean designers are experimenting with innovative fabrics for window coverings. Materials with special properties, such as self-cleaning, UV-blocking, or antimicrobial features, are gaining attention. Environmentally friendly choices are becoming more significant. Window coverings made from recycled or sustainably sourced materials align with South Korea's increasing focus on eco-consciousness. Nostalgia for past decades is influencing interior design, including window coverings. Retro styles from the 60s, 70s, or 80s are making a comeback, adding a sense of vintage charm to modern spaces. VR tools are being used to visualize window coverings in a 3D environment. This technology enables consumers to see how different coverings will look and function in their actual space.

South Korea has a rich cultural heritage that values harmony, balance, and aesthetics. Curtains and drapes align with these cultural values by softening interior spaces and creating a sense of balance. The flowing and elegant nature of curtains resonates with traditional design elements, making them a popular choice among consumers. South Koreans have a growing interest in interior design, with many seeking to transform their living spaces into aesthetically pleasing environments. Curtains and drapes provide an accessible and effective way to elevate the overall design of a room. South Korea experiences distinct seasons, each with its own weather challenges. Curtains and drapes provide a practical solution for temperature regulation, helping to keep interiors cozy during the colder months and preventing excess heat from entering during the warmer months. In addition based on technology, South Korea has an aging population, and smart covers offer an inclusive solution for individuals with reduced mobility. The ease of remote control eliminates the physical effort required for manual adjustments. South Korea's culture of embracing technological advancements positions the country as an early adopter of smart home technologies, including automated window coverings.

South Korean culture places a strong emphasis on creating a comfortable and welcoming home environment. The Residential segment is driven by the desire to ensure that homes serve as havens of relaxation and solace. With a significant urban population, apartment living is common in South Korea. Window coverings play a crucial role in optimizing small living spaces, providing residents with a sense of privacy and personalization. The increase in remote work arrangements elevates the importance of comfortable and conducive living spaces. Residential window coverings contribute to this aspect. As a technologically advanced nation, South Korea embraces innovations that enhance daily life. Window coverings in the Residential segment can be integrated with smart home systems, aligning with the tech-savvy lifestyle. In addition based on installation, South Korea's rapid urbanization has led to increased demand for new residential and commercial properties. As urban areas expand, new construction projects are on the rise, creating a substantial market for window coverings. New construction projects place a significant emphasis on interior design. Window coverings play a crucial role in completing the overall aesthetic and functionality of spaces, driving demand for installations. In new constructions, window coverings can be seamlessly integrated into the design, concealing mechanisms and cords for a sleek and unobtrusive appearance.

Window coverings are tactile products where consumers value the ability to physically touch and assess the texture, color, and quality. Offline retail provides an opportunity for customers to interact with the products before making a purchase decision. Window coverings are highly visual products that need to match the aesthetics of the living space. Offline stores allow customers to see how the products look in person, helping them make more informed choices. Selecting window coverings involves multiple factors such as size, design, fabric, and installation. Offline stores facilitate these complex decision-making processes through face-to-face interactions. In addition online segment is expected to the highest CAGR during the forecast period. South Korea is known for its tech-savvy population and high internet penetration. The Online segment benefits from this digital readiness as more consumers turn to online platforms for shopping convenience. Online stores often offer interactive tools that allow customers to visualize how different window coverings would look in their spaces, facilitating the decision-making process. Online retailers often offer competitive pricing due to reduced overhead costs, making it attractive for price-conscious consumers.
Considered in this report:
• Geography: South Korea
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report:
• South Korea Window Coverings market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Type
• Blinds & Shades
• Curtains & Drapes
• Shutters
• Others (Valances and Cornices, Window Decals and Stickers, Window Quilts or Thermal Curtains, Window Scarves, Panel Track Systems, Tassels, Tiebacks, and Holdbacks, etc.)

By Technology:
• Manual Covers
• Smart/ Automatic Covers

By Application
• Residential
• Commercial

By Installation
• Retrofit
• New Construction

By Distribution Channel
• Offline
• Online

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Window Coverings industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.
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Table of Contents

Table of Contents
1. Executive Summary
2. Market Structure
2.1. Market Considerate
2.2. Assumptions
2.3. Limitations
2.4. Abbreviations
2.5. Sources
2.6. Definitions
2.7. Geography
3. Research Methodology
3.1. Secondary Research
3.2. Primary Data Collection
3.3. Market Formation & Validation
3.4. Report Writing, Quality Check & Delivery
4. South Korea Macro Economic Indicators
5. Market Dynamics
5.1. Key Findings
5.2. Key Developments - 2021
5.3. Market Drivers & Opportunities
5.4. Market Restraints & Challenges
5.5. Market Trends
5.6. Covid-19 Effect
5.7. Supply chain Analysis
5.8. Policy & Regulatory Framework
5.9. Industry Experts Views
6. South Korea Window Coverings Market Overview
6.1. Market Size By Value
6.2. Market Size and Forecast By Type
6.3. Market Size and Forecast By Technology
6.4. Market Size and Forecast By Application
6.5. Market Size and Forecast By Installation
6.6. Market Size and Forecast By Distribution Channel
7. South Korea Window Coverings Market Segmentations
7.1. South Korea Window Coverings Market, By Type
7.1.1. South Korea Window Coverings Market Size, By Blinds & Shades, 2017-2028
7.1.2. South Korea Window Coverings Market Size, By Curtains & Drapes, 2017-2028
7.1.3. South Korea Window Coverings Market Size, By Shutters, 2017-2028
7.1.4. South Korea Window Coverings Market Size, By Others, 2017-2028
7.2. South Korea Window Coverings Market, By Technology
7.2.1. South Korea Window Coverings Market Size, By Manual Covers, 2017-2028
7.2.2. South Korea Window Coverings Market Size, By Smart/ Automatic Covers, 2017-2028
7.3. South Korea Window Coverings Market, By Application
7.3.1. South Korea Window Coverings Market Size, By Residential, 2017-2028
7.3.2. South Korea Window Coverings Market Size, By Commercial, 2017-2028
7.4. South Korea Window Coverings Market, By Installation
7.4.1. South Korea Window Coverings Market Size, By Retrofit, 2017-2028
7.4.2. South Korea Window Coverings Market Size, By New Construction, 2017-2028
7.5. South Korea Window Coverings Market, By Distribution Channel
7.5.1. South Korea Window Coverings Market Size, By Offline, 2017-2028
7.5.2. South Korea Window Coverings Market Size, By Online, 2017-2028
8. South Korea Window Coverings Market Opportunity Assessment
8.1. By Type, 2023 to 2028
8.2. By Technology, 2023 to 2028
8.3. By Application, 2023 to 2028
8.4. By Installation, 2023 to 2028
8.5. By Distribution Channel, 2023 to 2028
9. Competitive Landscape
9.1. Porter's Five Forces
9.2. Company Profile
9.2.1. Company 1
9.2.1.1. Company Snapshot
9.2.1.2. Company Overview
9.2.1.3. Financial Highlights
9.2.1.4. Geographic Insights
9.2.1.5. Business Segment & Performance
9.2.1.6. Product Portfolio
9.2.1.7. Key Executives
9.2.1.8. Strategic Moves & Developments
9.2.2. Company 2
9.2.3. Company 3
9.2.4. Company 4
9.2.5. Company 5
9.2.6. Company 6
9.2.7. Company 7
9.2.8. Company 8
10. Strategic Recommendations
11. Disclaimer

List of Figures
Figure 1: South Korea Window Coverings Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 2: Market Attractiveness Index, By Type
Figure 3: Market Attractiveness Index, By Technology
Figure 4: Market Attractiveness Index, By Application
Figure 5: Market Attractiveness Index, By Installation
Figure 6: Market Attractiveness Index, By Distribution Channel
Figure 7: Porter's Five Forces of South Korea Window Coverings Market

List of Table
Table 1 : Influencing Factors for South Korea Window Coverings Market, 2022
Table 2: South Korea Window Coverings Market Size and Forecast By Type (2017, 2022 & 2028F)
Table 3: South Korea Window Coverings Market Size and Forecast By Technology (2017, 2022 & 2028F)
Table 4: South Korea Window Coverings Market Size and Forecast By Application (2017, 2022 & 2028F)
Table 5: South Korea Window Coverings Market Size and Forecast By Installation (2017, 2022 & 2028F)
Table 6: South Korea Window Coverings Market Size and Forecast By Distribution Channel (2017, 2022 & 2028F)
Table 7: South Korea Window Coverings Market Size of Blinds & Shades (2017 to 2028) in USD Billion
Table 8: South Korea Window Coverings Market Size of Curtains & Drapes (2017 to 2028) in USD Billion
Table 9: South Korea Window Coverings Market Size of Shutters (2017 to 2028) in USD Billion
Table 10: South Korea Window Coverings Market Size of Others (2017 to 2028) in USD Billion
Table 11: South Korea Window Coverings Market Size of Manual Covers (2017 to 2028) in USD Billion
Table 12: South Korea Window Coverings Market Size of Smart/ Automatic Covers (2017 to 2028) in USD Billion
Table 13: South Korea Window Coverings Market Size of Residential (2017 to 2028) in USD Billion
Table 14: South Korea Window Coverings Market Size of Commercial (2017 to 2028) in USD Billion
Table 15: South Korea Window Coverings Market Size of Retrofit (2017 to 2028) in USD Billion
Table 16: South Korea Window Coverings Market Size of New Construction (2017 to 2028) in USD Billion
Table 17: South Korea Window Coverings Market Size of Offline (2017 to 2028) in USD Billion
Table 18: South Korea Window Coverings Market Size of Online (2017 to 2028) in USD Billion

 

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