WILMINGTON, DE / ACCESSWIRE / January 18, 2023 / Transparency Market Research Inc. - The global roller shutter market is projected to grow at a CAGR of 4.5% during the forecast period 2022-2031, as per the market outlook presented in the research report by Transparency Market Research (TMR).
Door roller shutters are manufactured using highly durable glass/ metal/wooden/synthetic sheets. These shutters close and open by rolling around a strong drum. Demand for door roller shutters has increased in recent years owing to their durability. As per TMR report, the door segment is projected to gain a large share of the global market in the next few years. AC Automatic Sliding Gate Motor
Roller Shutter Market: Key Findings
Roller shutters are increasingly adopted across the globe owing to their ability to provide safety to commercial spaces and houses from physical damage, climatic conditions, fire, and theft. Demand for fireproof roller shutters has increased in the past few years owing to their ability to protect against fire for a few hours.
Demand for industrial roller shutters is anticipated to rise in the next few years owing to increase in construction activities across the globe. Rapid expansion of the e-commerce industry has surged the need for warehouses. These factors, in turn, are boosting the demand for roller shutters.
Governments of developing and developing countries are increasingly investing in infrastructure development projects. Rise in the number of construction activities across the globe is fueling the demand for window roller shutters. Moreover, usage of these types of shutters is rising in houses in order to maintain privacy in rooms, for sun protection, and noise reduction.
Demand for motor-operated and automated next-generation roller shutters is rising across several developed countries. These roller shutters are increasingly installed in residential as well as commercial spaces. This factor has increased the focus of majority of market players on incorporation of technological advancements in their products. For instance, several companies are launching new product designs with protective zinc coating and automated, motor-operated, and remotely operated roller shutters. Such innovations are anticipated to help in market development in the next few years.
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Roller Shutter Market: Growth Drivers
Increase in usage of smart home technologies is leading to high demand for roller shutters
Rise in number of hotels and restaurants is expected to boost business opportunities in the global industry
Rapid expansion of the construction industry is resulting into increasing sales of roller shutters
As per the market report by TMR, Europe holds major share of the global market. The market growth in Europe can be ascribed to expansion of the construction industry, increase in adoption of smart homes, and rise in usage of security roller shutters in the region.
The market for roller shutters is expected to witness significant business avenues in Asia Pacific during the forecast period owing to rise in disposable income, rapid urbanization & industrialization, and increase in sale of homes in the region
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Roller Shutter Market: Competition Landscape
The global roller shutter industry is consolidated, with presence of a few well-established players holding majority of market share
Players are increasing investments in R&D activities in order to develop advanced products
Enterprises are adopting strategies, such as merger, acquisition, and new product launch, in order to attract large market share
Roller Shutter Market: Key Players
Thompsons Roller Shutters Pty ltd.
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Roller shutter with tilted laths
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