According to a new market report published by Lucintel, 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 $69.9 billion by 2025 with a CAGR of 3.5% from 2020 to 2025. 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.
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In this market, various types of shutters are used in the residential and commercial construction industries: built on roller shutters, built in roller shutters, integrated roller shutters, and roller shutters with tilted laths. On the basis of comprehensive research, 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.
Emerging trends, which have a direct impact on the dynamics of the market, include increasing usage of high security insulated roller shutters and the growing acceptance of power saving shutters and noise protection shutters. Assa Abloy Group, Bunka Shutter, Lixil Group, Sanwa Holdings Corporation, SKB Shutters, Heroal, and Hunter Douglas are among the major suppliers of shutter market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global shutter market by product type, fixation type, material type, operation system, end use, and region, and has compiled a comprehensive research report entitled “Growth Opportunities in the Global Shutter Market 2020-2025.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global shutter market by product type, fixation type, material type, operation system, application, and region, as follows:
By Product Type [Value ($ Million) and Volume (Million Units) from 2014 to 2025]:
Built on roller shutters
Built in roller shutters
Integrated roller shutters
Roller shutters with tilted laths
By Fixation Type [Value ($ Million) from 2014 to 2025]:
Door Shutters
Window Shutters
By Material Type [Value ($ Million) and Volume (Million Units) from 2014 to 2025]:
Wood
Synthetic
Metal
Glass
By End Use [Value ($ Million) from 2014 to 2025]:
Heath care
Education
Hospitality
Retail
Office
Others
By Region [Value ($ Million) and Volume (Million Units) from 2014 to 2025]:
Germany
France
United Kingdom
This XX-page 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 click on this link…… or helpdesk@lucintel.com.
About Lucintel
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