Market Opportunity
Less than 8% of new window shade purchases are motorized due to high cost and lack of retrofits. RYSE has the potential to automate the other 92% of shades already installed in buildings and homes – that’s a lot of shades!
And the Smart Shades category is experiencing an explosive growth rate of over 55% annually. This market is still in its infancy, and is expected to grow to a whopping $1.47 billion by 2024, with over 80% of this growth being attributed to retrofits and replacements – our core strength.
