Global Shutters Market, Market Size, Trends & Growth Opportunity, Shutters Market by Product (Built on Roller Shutters, Built in Roller Shutters, Integrated Roller Shutters and Roller Shutters) by fixation type (Door Shutters, Window shutters) by material

>Global Shutters Market, Market Size, Trends & Growth Opportunity, Shutters Market by Product (Built on Roller Shutters, Built in Roller Shutters, Integrated Roller Shutters and Roller Shutters) by fixation type (Door Shutters, Window shutters) by material type (Wood, Synthetic, Metal and Glass) by end user industry (Residential, Commercial, Health Care, Education, Hospitality and Retail) Region and forecast till 2027.

Global Shutters Market

Global Shutters Market was valued at US$ 56,740.00 Mn in 2021, estimated to reach US$ 74,250.00 Mn in 2027, with a CAGR of 3.15% from 2022-2027.The increasing need for safety to protect the valuable and stock inside these stores is allowing the shutters market to expand, as these stores frequently opt for high end and advanced options from the shutters catalogue. The global retail sector is being heavily influenced by shopping malls, as shoppers increasingly prefer the atmosphere of clean, vibrant, climate-controlled, and highly-enabled malls over scattered individual stores.

Drivers: Growing Number of shopping malls

The global retail sector is being heavily influenced by shopping malls, as shoppers increasingly prefer the atmosphere of clean, vibrant, climate-controlled, and highly-enabled malls over scattered individual stores. Customers are drawn to shopping malls because of the recreational atmosphere created by the addition of food courts, movie theatres, and gaming areas, among other attractions.The average footfall in shopping malls around the world is increasing as both buyers and sellers are drawn in by the wide variety of stores, competitive sales promotions, and offers. The increasing need for safety to protect the valuable and stock inside these stores is allowing the shutters market to expand, as these stores frequently opt for high end and advanced options from the shutters catalogue. As a result of the large number of stores that use shutters, the growth of shopping malls is expected to help the global shutters market grow.

Restraints: The cost of Construction Material

The cost of construction is constantly increasing which will be a major challenge in the market as the producers have to apply for the cost-effective technique and sustainability during the production.

Impact of COVID-19

Coronavirus has hampered the import and export of building materials. China is the world's largest exporter of construction materials. Negative trends in China's economy are expected to reduce global imports and exports around the world. Since the corona outbreak in December 2019, demand for new construction materials has seen a massive negative shift, with manufacturers and investors fearing excessively slowing economic growth. Travel restrictions around the world have had an impact on the construction materials trade. As a result, the global supply and demand for construction materials is nearly halted. Reduced consumer demand and consumption has resulted in a reduction and slowing of construction material sales all over the world during the current fiscal year. As a result, the global shutters market is expected to be negatively affected.

Segmentation By Product Type:

On the basis of product type, global Shutters market can be segmented into Built on Roller Shutters, Built in Roller Shutters, Integrated Roller Shutters and Roller Shutters. Built on Roller Shutters accounted for the largest market in 2021, followed by the built-in roller shutters market.

Segmentation by Fixation Type:

On the basis of Fixation Type the market is segmented into Door shutters and window shutters. Window shutters accounted for the largest market in the year 2021.

Segmentation By End User Industry:

By end user industry the market is segmented into Residential, Commercial, Health Care, Education, Hospitality and Retail. Residential segment accounted for the largest market in the year 2021, followed by the commercial market.

Segmentation by Region

Based on region, the NGS services market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Europe will lead the market by the end of forecast period major growth is witnessed throughout the forecast period.

Competitive Landscape:

Major players in the Global shutters market are AM Group, Alulux GmbH, Assa Abloy Group, Bunka Shutter Co. Ltd. ,Heroal, Hormann Group, Novoferm GmbH, Sanwa Holdings Corporation, SKB Shutters and ELVAL COLOUR.

Industrial Development:

In June 2016, Elval Colour had launched Next-Generation Etalbond A2 Composite Panels in 2016, consisting of two aluminum cover sheets and a mineral-filled core. Attractive an flexible, etalbond was the appropriate cladding solution for interior and exterior surfaces in new constructions and renovations.

In April 2016, SKB Shutters Corp Bhd, secured a RM43 million contract to supply automated storage system from a client in Vietnam, expects a recent business venture to drive the group’s earnings growth. The roller shutter and pallet racking system maker had ventured into the manufacturing of insulated fire shutter and insulated fire-rated steel door products.

In November 2019, Sanwa Holdings Corporation had completed the acquisition of Lixil Suzuki ShutterCorporation from LIXIL Corporation. Both agreed to conclude a stock purchase agreement to acquire Lixil Suzuki Shutter Corporation from LIXIL Corporation.

Market taxonomy

By Product Type

• Built on Roller Shutters
• Built in Roller Shutters
• Integrated Roller Shutters
• Roller Shutters with Tilted Laths

• Door shutters
• Window Shutters

• Wood
• Synthetic
• Metal
• Glass

• Residential
• Commercial
• Health Care
• Education
• Hospitality
• Retail

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa