Global Window Shutters Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Window Shutters Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A window shutter is a solid & stable window covering that contains a frame of vertical stiles & horizontal rails at the top, center & bottom. The frame contains solid panels, fabric, louvers (operable or fixed, horizontal or vertical), and nearly any other item that can be attached within a frame. Shutters are used for controlling the amount of sunlight that enters a room, to offer privacy, and security, to guard against weather or unwanted intrusion or harm, and to improve the aesthetics of a building. The window shutter comprises both interior shutters, used on the inside of a house or building, as well as exterior shutters, used on the outside of a structure, which is widely installed in residential spaces, office buildings, and other commercial hubs.

Market Overview:

The latest research study on the global Window Shutters market finds that the global Window Shutters market reached a value of USD 3157.6 million in 2022. It’s expected that the market will achieve USD 4421.66 million by 2028, exhibiting a CAGR of 5.77% during the forecast period.

Due to the rapid spread of COVID-19 on a global scale, the prevention and control of COVID-19 in countries around the world is being carried out and implemented rapidly. Based on the observation and understanding of medical experts on the mode and characteristics of the spread of COVID-19, governments of various countries have formulated some restrictive containment measures, including controlling social distance, restricting going out and encouraging remote work, and reducing crowd gathering. The implementation of these measures will have a certain impact on the Window Shutters industries.

Drivers

Growing real estate industry around the world
The market for window shutters is anticipated to rise during the projected period because to the rising popularity of smart homes and the expansion of infrastructure around the world. Over the past few years, the real estate industry has witnessed high growth, owing to which the value of residential construction is increasing. As the number of houses increases, the demand for window shutters also increases, which is boosting the demand for window shutters.

Growth in the residential and commercial applications is boosting the window shutters market

Rapid urbanization, rise in residential development, and growing disposable income are responsible for an increase in housing starts and a strong interest in home renovation projects, which drive the window shutters market. The window shutters market is anticipated to expand at a considerable pace soon.

Restraints and Challenges

Easy availability of affordable substitutes
The easy availability of affordable substitutes along with low-quality products might impede the growth of the market within the forecast period. The relatively high cost of window shutters than cheap curtains is expected to restrict the growth of the market within the above-mentioned forecast period.

Market Opportunities

Advancements in technology
Advancements in technology, coupled with an increase in the number of smart homes, are among the key factors supporting the demand for window shutters. Technological advancements such as automation and reduced weight generate growth opportunities in the long run. The adoption of smart homes is expected to remain high due to advancements in technology and the addition of new features in home automation.

Region Overview:

In 2021, the share of the Window Shutters market in United States stood at 39.90%.

Company Overview:

Hunter Douglas
Hunter Douglas N.V. is a Dutch multinational corporation. Its principal business is making window blinds and coverings. The company is publicly listed. The head office is in Rotterdam, the Netherlands, and a management office in Lucerne, Switzerland.

Springs Window Fashions

Springs Window Fashions, the Best Experience Company, supplies leading retailers and distributors with a complete line of blinds, shades, specialty treatments and window hardware. Bali, Graber, SWFcontract, Mecho, Horizons, Mariak and SunSetter are brands of Springs Window Fashions. Based in Middleton, WI, the company has facilities in nine locations in the United States and Mexico and employs approximately 8,000 associates.

Hunter Douglas is one of the major players operating in the Window Shutters market, holding a share of 22.34% in 2022.

Segmentation Overview:

Among different product types, Interior Shutter segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Residential segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Window Shutters market covered in Chapter 3:

Griesser Group
Bunka Shutter
LAS Shutters + Windows
Mzuri Group
Lafayette Interior Fashions
Sunburst Shutters
Springs Window Fashions
Hunter Douglas
Sanwa Shutter
Nien Made Enterprise
Skandia Window Fashions
Westlake Royal Building Products

In Chapter 4 and Chapter 14.2, on the basis of types, the Window Shutters market from 2018 to 2029 is primarily split into:

Interior Shutter
Exterior Shutter

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Window Shutters market from 2018 to 2029 covers:

Residential
Commercial

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)