Global Window Shutters market analysis 2024, Forecast To 2033
4 Mar, 2024
The window shutters market size has grown strongly in recent years, moving from$3.34 billion in 2023 to$3.57 billion in 2024, with a compound annual growth rate (CAGR) of 6.9%. This growth in the historic period is attributed to traditional and classic design preferences, increased construction activities, climate considerations and energy efficiency, security and privacy concerns, influence of interior design styles, heritage and preservation efforts, consumer awareness of window treatments, and natural light management. Looking ahead, the market is expected to see strong growth, reaching$4.65 billion in 2028, with a CAGR of 6.8%. Factors contributing to this growth include sustainable and eco-friendly materials, smart home integration, rising interest in outdoor living spaces, urbanization and compact living, popularity of minimalist design, multi-functional shutter designs, renewal of heritage homes and buildings, and innovations in installation and operation. Major trends in the forecast period include smart shutter systems, customization and design options, child safety, innovation in material technologies, noise reduction features, popularity of plantation shutters, DIY shutter installation, and collaborations with interior design trends.
Global Window Shutters Market Key Driver
Increasing urbanization is expected to drive the growth of the window shutters market going forward. Urbanization is the process of concentrating people into small geographic areas, which transforms the land for residential, commercial, industrial, and transportation uses. Window shutters significantly reduce outside noise pollution, which can significantly improve interior comfort in residential, commercial, and industrial structures as well as congested urban areas. According to the data published in September 2021 by the United Nations Department of Economic and Social Affairs, globally, 4.46 billion people resided in urban areas in 2021. By 2050, this number will increase to 6.68 billion, with 2.22 billion more people living in urban areas. Therefore, the increasing urbanization will drive the growth of the window shutters market in the forecast period.
Get A Free Sample Of The Global Window Shutters Market ReportGlobal Window Shutters Market Segments
The global window shutters market covered in this report is segmented –
1) By Product Type: Interior Shutters, Exterior Shutters
2) By Functionality: Manual, Automatic
3) By Distribution Channel: Offline, Online
4) By End User: Residential, Commercial, Other End Users
By Geography: The regions covered in the window shutters market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Europe was the largest region in the window shutters market share in 2023. The regions covered in the window shutters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Window Shutters Industry Players
Architectural Plantation Shutters Inc., Eclipse Shutters, California Shutters, Griesser France, Hillarys Blinds Limited, Hunter Douglas NV, Lafayette Interior Fashions, Nien Made Enterprise Co. Ltd., Westlake Royal Building Products, Springs Window Fashions, Aspect Blinds and Shutters Inc., All Blinds Co. Ltd., Toso Company Limited, Tachikawa Corporation, Ching Feng Home Fashions Co. Ltd., Nichibei Co. Ltd., JASNO shutters and blinds, Alulux GmbH, Norman International Inc., Springs International Inc., Sunburst Shutters & Window Fashions, ALTA Window Fashions, Southern Shutter Company, Horizon Window Fashions, Comfortex Window Fashions, Elite Window Fashions, Timberlane Inc., Kirtz Shutters, Shuttercraft Inc., The Shade Store LLC, Budget Blinds LLC, Plantation Shutters Florida Inc., Bestlouver LLC, Norse Inc., Alpine Overhead Doors Inc.
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Window Shutters Market Overview
Window shutters are well-liked and durable window covering solutions that are constructed around a frame of vertical stiles and horizontal rails. The window shutters are used for security, UV (ultraviolet) protection along with decor purposes.
Window Shutters Global Market Report 2023 provides data on the global window shutters market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The window shutters market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.