The Roller Shutter Market Size was estimated at 14.79 (USD Billion) in 2022. The Roller Shutter Market Industry is expected to grow from 15.36(USD Billion) in 2023 to 21.6 (USD Billion) by 2032. The Roller Shutter Market CAGR (growth rate) is expected to be around 3.86% during the forecast period (2024 - 2032).
The proliferation of smart homes and automated building systems is driving the demand for technologically advanced roller shutters. Consumers seek convenience, security, and energy efficiency, leading to the integration of smart sensors, automation, and remote control capabilities. Additionally, the rising adoption of sustainable practices has increased the popularity of roller shutters made from eco-friendly materials, such as recycled aluminum and PVC. Opportunities exist in the expansion of emerging markets, where infrastructure development and urbanization fuel demand for building solutions, including roller shutters.
The growing awareness of the security benefits of roller shutters presents opportunities for manufacturers to target homeowners and businesses in crime-prone areas. Furthermore, the adoption of roller shutters in industrial and commercial settings for temperature control, noise reduction, and asset protection is creating lucrative avenues for growth.
Recent trends include the shift towards customized roller shutters tailored to specific architectural designs and aesthetic preferences. Consumers demand a wide range of colors, finishes, and materials to complement their building exteriors. Moreover, the integration of solar panels into roller shutters to generate renewable energy is gaining traction, offering cost-saving benefits and enhancing sustainability. These trends shape the future of the roller shutter market, presenting opportunities for manufacturers to innovate and cater to evolving customer needs.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Since the world is continuously urbanizing, the necessity of security and privacy measures established. Roller shutters secure the premises of the house, a business unit, or any other place from the unauthorized entry of outsiders. It helps in controlling the outside noise and lighting, making the atmosphere peaceful. Today’s surge in demands of security and privacy may escalate the growth of the roller shutter market worldwide.
The construction industry drives the roller shutter market to a large extent. New construction, as well as renovation and retrofit projects, involve the use of roller shutters in large numbers. Rise in construction activities across the world is expected to drive the demand for roller shutters. Moreover, the increasing popularity of smart homes and buildings is expected to promote the demand for automated roller shutters, which are convenient, easy to use and can enhance the energy efficiency of the building.
Governments around the world are increasingly implementing regulations and incentives to promote energy efficiency and sustainability in buildings. Roller shutters can help to reduce energy consumption by providing insulation and reducing heat loss. As a result, governments are offering incentives for the installation of roller shutters, which is expected to drive the growth of the market. For example, the European Union has set a target of reducing energy consumption in buildings by 20% by 2020.This target is expected to drive the demand for energy-efficient building materials and products, including roller shutters.
Material Segment Overview Roller Shutter Market is segmented by material into steel, aluminum, wood, and polycarbonate. Steel holds the largest market share owing to its strength, durability, and cost-effectiveness. In 2023, the steel segment was valued at USD 7.2 billion and is projected to reach USD 9.6 billion by 2032, exhibiting a CAGR of 3.6%. Aluminum is the second popular material used for the manufacture of roller shutters.
It acts as a lightweight and corrosion resistance material. The aluminum segment is projected to grow at a CAGR of 4.2% during the forecast period, reaching a value of USD 3.4 billion by 2032. Wood is a natural material used in the manufacture of roller shutters and provides an aesthetic appeal to the establishments. The wood material segment is projected to grow at a moderate pace of 2.8% during the forecast period, reaching a value of USD 2.1 billion by 2032.
Polycarbonate roller shutters are used predominantly for their impact resistance and for their property of being transparent. The segment is anticipated to grow at a CAGR of 5.1% during the forecast period, reaching a value of USD 1.3 billion by 2032.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The types of the Roller Shutter Market are manual, electric, and hybrid roller shutters. The electric segment held the biggest market share in 2023, equal to slightly more than 55% of the Roller Shutter Market revenue. The electric type’s growth is attributed to the increasing application of energy-efficient electric roller shutters in residential and commercial building constructions because of their preference in terms of convenience. However, the manual type is expected to witness the steady growth of its market segments over the forecast period primarily due to its low cost.
The hybrid type, which combines the features of manual and electric roller shutters, will also become more prominent in terms of its market shares in the coming years due to this type’s flexibility in meeting more specific customer needs. Such growth is attributed to the increasing rates of urbanization, the growth of disposable income, and the increasing demand for convenience and security products.
The Roller Shutter Market is segmented by Application into Residential, Commercial, and Industrial. Among these segments, the Commercial segment is expected to hold the largest market share in the coming years. The growth of this segment can be attributed to the increasing construction of commercial buildings such as offices, retail stores, automatic doors and warehouses. The Industrial segment is also expected to witness significant growth due to the rising demand for roller shutters in factories, warehouses, and other industrial facilities. In 2023, the Roller Shutter Market was valued at 15.36 USD Billion.
The market growth is primarily driven by the increasing demand for roller shutters from both residential and commercial sectors. The adoption of roller shutters provides several benefits, including enhanced security, insulation, and noise reduction. Roller shutters are also easy to install and maintain, making them a cost-effective solution for a wide range of applications. As a result, the Roller Shutter Market is expected to continue to grow at a steady pace in the coming years.
The Roller Shutter Market segmentation by size into Small, Medium, Large, and Extra Large provides valuable insights into the market dynamics. In 2023, the Small size segment held a significant market share, contributing to the overall Roller Shutter Market revenue. The Medium size segment is projected to witness steady growth over the forecast period, driven by increasing demand for roller shutters in residential and commercial buildings. The Large size segment is expected to maintain a stable market share, catering to industrial and warehouse applications.
The Extra Large size segment is anticipated to experience moderate growth, owing to its specialized applications in large-scale infrastructure projects and heavy industries. The Roller Shutter Market segmentation by size offers a comprehensive understanding of the market landscape, enabling stakeholders to make informed decisions and target specific market segments for growth and expansion.
The Installation Method segment of the Roller Shutter Market is classified into Surface Mount, Recessed Mount, and In-Frame Mount. Surface Mount accounted for the largest market share in 2023, owing to its ease of installation and cost-effectiveness. It is commonly used in commercial and industrial applications where quick and simple installation is required. Recessed Mount is gaining popularity in residential and architectural applications due to its aesthetic appeal and ability to blend seamlessly with the building's facade. In-Frame Mount offers superior security and durability, making it suitable for high-security applications such as banks and government buildings.
The Roller Shutter Market revenue for Surface Mount is projected to reach USD 7.2 billion by 2024, while Recessed Mount and In-Frame Mount are expected to grow at CAGRs of 4.5% and 3.8%, respectively, during the forecast period. The demand for roller shutters is driven by increasing urbanization, rising security concerns, and growing adoption of smart home solutions.
The Roller Shutter Market is segmented into North America, Europe, APAC, South America, and MEA. The APAC region held the largest market share in 2023 and is expected to maintain its dominance throughout the forecast period. The growth of the APAC market is attributed to the increasing demand for roller shutters in emerging economies such as China and India.
The MEA region is expected to witness the highest growth rate during the forecast period due to the growing construction industry in the region. The Roller Shutter Market is a fragmented market with a large number of players.Some of the key players in the market include ASSA ABLOY, Dorma Kaba, and Hrmann.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Major players in Roller Shutter Market industry are constantly striving to gain a competitive edge by introducing innovative products and expanding their geographical reach. Leading Roller Shutter Market players are focusing on developing energy-efficient and sustainable roller shutters to meet the growing demand for eco-friendly solutions. The Roller Shutter Market development is driven by the increasing adoption of automation and smart home systems, which enhance convenience and security. The Competitive Landscape of the Roller Shutter Market is expected to remain competitive, with both established and emerging players vying for market share.
One of the leading companies in the Roller Shutter Market is Harol, a Belgian manufacturer known for its high-quality and innovative roller shutters. The company has a strong presence in Europe and is expanding its reach into other regions. Harol offers a wide range of roller shutters, including aluminum, steel, and wood, catering to diverse customer needs. The company's focus on research and development has resulted in the launch of advanced features such as integrated insect screens and smart home integration.
A key competitor in the Roller Shutter Market is Ali Alutech, a Russian company with a global presence. Ali Alutech specializes in the production of aluminum roller shutters and has a strong market share in Eastern Europe and Central Asia. The company's products are known for their durability, security, and aesthetic appeal. Ali Alutech has invested in state-of-the-art manufacturing facilities and employs skilled engineers to ensure the quality of its shutters. The company's competitive advantage lies in its ability to offer customized solutions and cater to specific customer requirements.
Ryterna
Hormann
Novoferm
Tecsedo
Aluprof
Ditec
Hunter Douglas
Crawford Door
Efaflex
Chamberlain Group
Marantec
The global roller shutter market is projected to reach USD 21.6 billion by 2032, exhibiting a CAGR of 3.86% during the forecast period 2024-2032. Increasing demand for security and privacy in residential and commercial buildings is driving market growth. Technological advancements, such as the integration of smart home systems and automated controls, are further contributing to market expansion.
Recent developments include the launch of fire-rated roller shutters by leading manufacturers to meet growing safety regulations. Additionally, the rising popularity of sustainable building practices is driving demand for energy-efficient roller shutters that enhance thermal insulation and reduce energy consumption. The market is expected to witness significant growth in emerging economies as urbanization and infrastructure development accelerate.
Steel
Aluminum
Wood
Polycarbonate
Manual
Electric
Hybrid
Residential
Commercial
Industrial
Small
Medium
Large
Extra Large
Surface Mount
Recessed Mount
In-Frame Mount
North America
Europe
South America
Asia Pacific
Middle East and Africa
| Report Attribute/Metric | Details |
| Market Size 2022 | 14.79(USD Billion) |
| Market Size 2023 | 15.36(USD Billion) |
| Market Size 2032 | 21.6(USD Billion) |
| Compound Annual Growth Rate (CAGR) | 3.86% (2024 - 2032) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year | 2023 |
| Market Forecast Period | 2024 - 2032 |
| Historical Data | 2019 - 2023 |
| Market Forecast Units | USD Billion |
| Key Companies Profiled | Ryterna ,Somfy ,Hormann ,Novoferm ,Tecsedo ,Sommer ,Aluprof ,Ditec ,Hunter Douglas ,Crawford Door ,Efaflex ,Chamberlain Group ,Marantec |
| Segments Covered | Material ,Type ,Application ,Size ,Installation Method ,Regional |
| Key Market Opportunities | Growing construction industry Increasing demand for security Smart home automation Government regulations Rising disposable income |
| Key Market Dynamics | Rising construction increasing urbanization growing demand for enhanced security government regulations technological advancements |
| Countries Covered | North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The global roller shutter market was valued at approximately USD 15.36 billion in 2023 and is expected to reach USD 21.6 billion by 2032, exhibiting a CAGR of 3.86% during the forecast period.
Asia Pacific is expected to dominate the global roller shutter market throughout the forecast period owing to the increasing construction activities in developing countries such as China, India, and Indonesia.
Factors such as rising demand for security and privacy, increasing urbanization, and growing disposable income are primarily driving the growth of the global roller shutter market.
Roller shutters find applications in residential, commercial, and industrial sectors for purposes such as security, privacy, light control, and thermal insulation.
Key competitors in the global roller shutter market include Harol Group, ASSA ABLOY, Crawford Group, Megadoor, and Hrmann.
The COVID-19 pandemic had a moderate impact on the global roller shutter market due to disruptions in construction activities and supply chains. However, the market is expected to recover in the post-pandemic period.
Emerging markets, technological advancements, and increasing demand for energy-efficient solutions present significant growth opportunities for the global roller shutter market.
Fluctuating raw material prices, intense competition, and the availability of substitutes are some of the key challenges facing the global roller shutter market.
Smart roller shutters, automation, and the integration of IoT devices are some of the key trends shaping the global roller shutter market.
The global roller shutter market is expected to witness steady growth in the coming years, driven by increasing urbanization, rising disposable income, and the growing adoption of smart home solutions.
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