Report Feature
Shutter Market Trends and Forecast
The future of the global shutter market looks promising with opportunities in the residential and commercial construction sectors. The global shutter market is expected to reach an estimated $136.8 billion by 2030, and it is forecast to grow at a CAGR of 6.6% from 2024 to 2030. The major drivers for this market are growth in the construction industry, and an increase in remodeling, and continuing replacement activity in the construction industry.
Emerging Trends in the Shutter Market
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing usage of high security insulated roller shutters and the growing acceptance of power saving shutters and noise protection shutters.A total of 73 figures / charts and 52 tables are provided in this 202-page report to help in your business decisions.
Shutter Market by Segments
In this market, residential is the largest application market, whereas built on roller shutter is largest market by product type. Growth in various segments of the shutter market are given below:The study includes trends and forecast for the shutter market by product type, fixation type, material type, operating system, application, and region as follows:
Shutter Market By Product Type [Value ($ Million) and Volume (Million Units) from 2018 to 2030]:
- Built on roller shutters
- Built in roller shutters
- Integrated roller shutters
- Roller shutters with tilted laths
Shutter Market By Fixation Type [Value ($ Million) from 2018 to 2030]:
- Door Shutters
- Window Shutters
Shutter Market By Material Type [Value ($ Million) and Volume (Million Units) from 2018 to 2030]:
- Wood
- Synthetic
- Metal
- Glass
Shutter Market By End Use [Value ($ Million) from 2018 to 2030]:
- Residential
-
Commercial
- Heath care
- Education
- Hospitality
- Retail
- Office
- Others
Shutter Market By Region [Value ($ Million) and Volume (Million Units) from 2018 to 2030]:
List of Shutter Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies shutter companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the shutter companies profiled in this report includes.- Assa Abloy Group
- Bunka Shutter
- Lixil Group
- Sanwa Holdings Corporation
- SKB Shutters
- Heroal
- Hunter Douglas
Shutter Market Insights
- Lucintel forecasts that built on roller shutters will remain the largest segment, and this segment is also expected to witness the highest growth over the forecast period 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 global shutter market, residential will remain the largest end use industry and witness the highest growth over the forecast period due to increases in new housing construction.
- 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.
Features of the Shutter Market
- Market Size Estimates: Shutter market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018-2023) and forecast (2024-2030) by various segments and regions.
- Segmentation Analysis: Shutter market size by various segments, such as product type, fixation type, material type, operating system, and application.
- Regional Analysis: Shutter market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth Opportunities: Analysis on growth opportunities in different product type, fixation type, material type, operating system, application, and regions for shutter market.
- Strategic Analysis: This includes M&A and competitive landscape for the shutter.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the shutter market size?Answer: The global shutter market is expected to reach an estimated $136.8 billion by 2030.
Q2. What is the growth forecast for shutter market?
Answer: The shutter market is expected to grow at a CAGR of 6.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the shutter market?
Answer: The major drivers for this market are growth in the construction industry, and an increase in remodeling, and continuing replacement activity in the construction industry.
Q4. What are the major applications or end use industries for shutter?
Answer: Residential and Commercial are the major applications for shutter.
Q5. What are the emerging trends in shutter market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include increasing usage of high security insulated roller shutters and the growing acceptance of power saving shutters and noise protection shutters.
Q6. Who are the key shutter companies?
Answer: Some of the key shutter companies are as follows:
- Assa Abloy Group
- Bunka Shutter
- Bunka Shutter
- Lixil Group
- Sanwa Holdings Corporation
- SKB Shutters
- Heroal
- Hunter Douglas
Answer: Lucintel forecasts that built on roller shutters will remain the largest segment, and this segment is also expected to witness the highest growth over the forecast period 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.
Q8: In shutter market, which region is expected to be the largest in next 5 years?
Answer: Europe will remain the largest region and expected to witness the highest growth over next 5 years.
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
Table of Contents
1. Executive Summary 2. Market Background and Classifications 2.1: Introduction, Background, and Classifications 2.2: Supply Chain 2.3: Industry Drivers and Challenges
5. Competitor Analysis 5.1: Product Portfolio Analysis 5.2: Market Share Analysis 5.3: Operational Integration 5.4: Geographical Reach 5.5: Porter’s Five Forces Analysis Model
6. Cost Structure Analysis 6.1: Raw Material Cost 6.2: Labor Cost 6.3: Energy Cost 6.4: SG&A 6.5: EBITDA Margin
8. Company Profiles of Leading Players 8.1: Assa Abloy Group 8.2: LIXIL Group Corporation 8.3: Sanwa Holdings Corporation 8.4: Hormann Group 8.5: Bunka Shutter Co., Ltd 8.6: SKB Shutters 8.7: Hunter Douglas 8.8: Heroal
Methodology
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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Key Questions
- • What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in this market?
- • What are the business risks and competitive threats in this market?
- • What are the emerging trends in this market and the reasons behind them?
- • What are some of the changing demands of customers in the market?
- • What are the new developments in the market and which companies are leading these developments?
- • Who are the major players in this market? What strategic initiatives are being taken by key companies for business growth?
- • What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution? Q. 11. What M&A activity has occurred in the last 5 years? For any questions related to shutter market or related to shutter market share, shutter market analysis, shutter market size, shutter manufacturers, and shutter sales, write to Lucintel analysts at helpdesk@lucintel.com . We will be glad to get back to you soon.
