According to the recent study the Shutter Market is projected to reach an estimated $226 billion by 2030 from $140 billion in 2023, at a CAGR of 6.7% from 2024 to 2030. Growth in this market is primarily driven by growth in the construction industry, and an increase in remodeling, and continuing replacement activity in the construction industry.
Browse 73 figures/charts
and 52 tables in this 202-page report to understand trends, opportunities and
forecast in shutter market by product type (built on roller shutters, built in
roller shutters, integrated roller shutters, and roller shutters with tilted
laths), fixation type (door and window), material type (wood, synthetic, metal,
and glass), operating system (manual and automated), and region (North America,
Europe, Asia Pacific, and the Rest of the World).
“Built on roller shutters market is expected to remain the largest
segment during the forecast period.”
Based on product type,
the shutter market is segmented into built on roller shutters, built in roller
shutters, integrated roller shutters, and roller shutters with tilted laths.
Lucintel forecasts that the built on roller shutters market is expected to
remain the largest segment due to the durability of this type of shutter. Built
on roller shutters are also easy to install with minimum modification of the
lintel of the door or window.
“Within the shutter market, the residential segment is expected to
remain the largest end use.”
Based on end use the
residential segment is expected to witness the highest growth over the forecast
period due to increases in new housing construction.
“Europe will dominate the shutter market in near future.”
Europe will remain the
largest region and it is also expected to witness the highest growth over the
forecast period due to the increasing usage of shutters in end use industries.
Major players of shutter
market are adopting various growth strategies like new product launches,
expansions, merger and acquisitions, partnerships, agreements, and
collaborations to expand their presence in this market. Assa Abloy Group, Bunka
Shutter, Lixil Group, Sanwa Holdings Corporation, SKB Shutters, Heroal, and
Hunter Douglas are among the major shutter providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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