Lucintel Forecasts Shutter Market to Reach $80 Billion by 2027

According to the recent study the Shutter Market is projected to reach an estimated $80 billion by 2027 from $60.8 billion in 2021, at a CAGR of 4.7% from 2021 to 2027. 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).
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“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.
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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 click on this link https://www.lucintel.com/shutter-market.aspx or helpdesk@lucintel.com
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