Window Shutters Global Market 2024 To Reach $4.65 Billion By 2028 At Rate Of 6.8%
The Business Research Company has updated all its market reports with the latest information for the year 2024, projecting trends and forecasts until 2033
LONDON, GREATER LONDON, UNITED KINGDOM, October 2, 2024 /EINPresswire.com/ -- The window shutters market has experienced robust growth in recent years, expanding 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 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, natural light management.
What Is The Estimated Market Size Of The Global Window Shutters Market And Its Annual Growth Rate?
The window shutters market is projected to continue its strong growth, reaching $4.65 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to 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, innovations in installation and operation.
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Growth Driver Of The Window Shutters Market
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.
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Who Are The Key Players Shaping The Window Shutters Market Trends?
Key players in the market include 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.
What Are The Dominant Trends In Window Shutters Market Growth?
Major companies operating in the market are increasing their focus on introducing natural window shutters, such as Nature Collection, to gain a competitive edge in the market. The Velux Nature Collection is a roof of windows and accessories designed to seamlessly integrate natural light, ventilation, and scenic views into indoor spaces.
How Is The Global Window Shutters Market 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
Geographical Insights: Europe Leading The Window Shutters Market
Europe was the largest region in the market share in 2023. The regions covered in the market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Window Shutters Market Definition
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 2024 from TBRC covers the following information:
• Market size data for the forecast period: Historical and Future
• Macroeconomic factors affecting the market in the short and long run
• Analysis of the macro and micro economic factors that have affected the market in the past five years
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global window shutters market report covering trends, opportunities, strategies, and more
The Window Shutters Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on window shutters market size, window shutters market drivers and trends, window shutters market major players and window shutters market growth across geographies. This report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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