Window Shutters Global Market Report 2024

The global window shutters market has grown strongly in recent years. It will grow from $3.34 billion in 2023 to $3.57 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to preferences for traditional and classic designs, heightened construction activities, considerations for climate and energy efficiency, concerns related to security and privacy, the influence of interior design styles, efforts in heritage preservation, increased consumer awareness of window treatments, and the management of natural light.

The global window shutters market is expected to see strong growth in the next few years. It will grow to $4.65 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The forecasted growth in the period can be attributed to the increasing demand for sustainable and eco-friendly materials, integration with smart home systems, a growing interest in outdoor living spaces, urbanization trends and compact living, the popularity of minimalist design, multi-functional shutter designs, the renewal of heritage homes and buildings, innovations in installation and operation. Major trends in the forecast period include the adoption of smart shutter systems, increased customization and design options, a focus on child safety, innovation in material technologies, noise reduction features, the popularity of plantation shutters, DIY shutter installation, and collaborations with emerging interior design trends.

The burgeoning trend of urbanization is projected to steer the growth trajectory of the window shutters market in the foreseeable future. Urbanization, characterized by the concentration of populations into smaller geographic regions for residential, commercial, industrial, and transportation purposes, significantly transforms land usage. Window shutters play a pivotal role in mitigating external noise pollution, enhancing interior comfort in residential, commercial, industrial, and congested urban settings. As per data published by the United Nations Department of Economic and Social Affairs in September 2021, the global urban population stood at 4.46 billion in 2021 and is anticipated to reach 6.68 billion by 2050, signifying an increase of 2.22 billion individuals residing in urban areas. Consequently, this surge in urbanization is poised to propel the growth of the window shutters market.

The escalation in construction undertakings is forecasted to be a driving force behind the expansion of the window shutter market. Construction activities encompass a spectrum of tasks involved in erecting structures or infrastructure, encompassing planning, design, and excavation to create durable and functional buildings or facilities. For instance, data from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development in June 2023 revealed a substantial uptick in new home starts, reaching 1,631,000 - a 21.7% surge from the preceding month's forecast of 1,340,000. Additionally, this figure represents a 5.7% increase compared to the May 2022 rate of 1,543,000. Likewise, privately owned home completions in May 2023 totaled 1,518,000, marking a 5.0% rise from the May 2022 rate of 1,446,000 and a notable 9.5% increase from the prior month's estimate of 1,386,000. Hence, the upsurge in construction activities serves as a significant driver for the window shutters market's growth.

The integration of smart and automated window shutters emerges as a prominent and popular trend within the window shutters market. Leading industry players are strategically focused on introducing smart and automated window shutter systems to gain a competitive advantage. An example of this trend is showcased in July 2023 when The REHAU Group, a Switzerland-based company, unveiled the RAUVOLET Noble Matt Roller Shutter. This innovative roller shutter showcases a luxurious matte surface finish, epitomizing sophistication and functionality, enriching REHAU's diverse array of furniture components with an attractive addition.

Prominent entities within the window shutter market are intensifying their efforts towards introducing natural window shutter alternatives, exemplified by offerings like the Nature Collection, to gain a competitive advantage. The Velux Nature Collection stands out as a roof window and accessory range designed to seamlessly incorporate natural light, ventilation, and picturesque views into indoor spaces. A noteworthy instance occurred in July 2023 when The VELUX Group, a Danish glass shuffling manufacturing company, unveiled the Nature Collection - a new series of roof window blinds crafted primarily from recycled materials. This innovation resulted in a 50% reduction in carbon footprint compared to traditional blinds, aligning with VELUX's sustainability strategy aimed at halving its product carbon footprint by 2030.

In a significant move during June 2022, MZURI Group, a UK-based enterprise specializing in manufacturing wood Venetian blinds, aluminum blinds, roller blinds, and shutters, completed the acquisition of Shuttercraft for an undisclosed sum. This strategic acquisition served to reinforce MZURI Group's dominant position within the industry, empowering the company to deliver unparalleled customer service, training, and support across the UK. Shuttercraft, a UK-based firm engaged in producing shutters and blinds, aligns strategically with MZURI Group's objectives, further bolstering its market presence.

Major companies operating in the window shutters market report are 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.

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. The countries covered in the window shutters market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The main types of window shutters are interior shutters and exterior shutters. Interior shutters feature movable slats, providing the flexibility to be closed for privacy or opened to allow sunlight while still offering window protection. These shutters can have both manual and automatic functionalities and are available through offline and online channels. They cater to various end-users, including residential, commercial, and others.

This report provides window shutters market statistics, including window shutters industry global market size, regional shares, competitors with a window shutters market share, detailed window shutters market segments, market trends and opportunities, and any further data you may need to thrive in the window shutters industry. This window shutters market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The window shutters market consists of sales of wood shutters, PVC shutters, composite wood shutters, and metal shutters. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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