Curtains segment accounted for the highest revenue share in the Cambodia Curtains and Blinds Market – 6Wresearch
Curtains will continue to possess the dominant share as the residential sector’s home interior market is largely driven by aesthetics-oriented buying behaviour. Therefore, curtain would retain the dominant share even though the consumer behaviour is expected to witness a gradual shift towards minimalistic interior designs. Consistent growth in urban population is supporting the curtains and blinds market along with expanding construction activities. Urban population in the country has increased over 30% in 2019 as compared to the 2010 levels, which implies, that in coming years the demand for blinds would witness positive growth trajectory on the back of growing demand in urban cities. Increasing foreign direct investment is expected to compensate for the lack of liquidity in the country’s economy, inducing growth across several key applications sectors including construction, retail and hospitality. Thus, supporting the growth in demand for curtains and blinds.
According to 6Wresearch, the Cambodia Curtains and Blinds Market is projected to grow at a CAGR of 7.6% during 2022-2028F. The Curtains and Blinds Market in Cambodia grow effortlessly owing to the rising construction activities. The country’s robust construction sector which has significant share in the country’s economy is supporting the growth of curtains and blinds market, especially in the residential sector as approximately 90% of the overall construction projects approved in 2021 were classified as residential projects. The key reason for growth in the Cambodia curtains and blinds industry is attributed to rapidly growing construction sector along with rising urbanization and income growth. The rising housing sector is expected to bolster the demand for curtains and blinds in Cambodia in the coming years.
According to Ravi Bhandari, Research Head, 6Wresearch, In Cambodia blinds market, venetian blinds have the major revenue share owing to its popularity and compatibility among compact residential spaces. Moreover, offices, restaurants, hotels and other commercial spaces are also adopting venetian blinds owing to better control and functionality with least usage of space offered by the segment.
Residential application has the dominant share and will retain its position in the future owing to the country’s robust residential sector and growing urban population.
“The Cambodia Curtains and Blinds Market (2022-2028)” report provides an in-depth analysis with 16 figures and 5 tables, covered in 52 pages. The report on Cambodia Curtains and Blinds Industry comprehensively covers the industry by types, products and application. The report provides a detailed as well as unbiased analysis of the on-going drivers, opportunities/high growth areas, and trends of the sector which are projected to support the stakeholders to align as well as devise their market strategies as per to the latest and future market dynamics.
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