The Global Electric Roller Shutter Market to reach $3.72 Billion by 2029 - Exclusive Research Report by Arizton

According to Arizton's latest research report, the global electric roller shutter market is growing at a CAGR of 5.96% during the forecast period.

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The market is witnessing dynamic expansion and is propelled by several factors, such as the increasing number of passenger and commercial production vehicles, increasing urban population, developing manufacturing capabilities, and increasing disposable income. Manufacturers are developing smart technologies in electric roller shutters to provide hassle-free operations. Technological advances offer better opportunities for vendors to develop innovative electric roller shutters for various industries based on their needs. Moreover, electric roller shutters are preferred over manual ones due to their ease of operation, integration with IoT, and speed. Electric roller shutters have applications across multiple residential, industrial, and commercial sectors. In the residential segment, their applications are window shutters, patio doors, closers for minibars, and garage doors, among many others. Electric roller shutters are adopted at a higher rate in North America and Europe as these are developed regions of the globe and have higher income per capita. Also, the weather conditions in these regions will assist the growth of the electric roller shutter market.

MARKET TRENDS & DRIVERS
Increasing Demand for Garages in the Residential Sector

The increasing two-income households and disposable income have led to uplifting living standards. This can be witnessed in increasing demand for passenger vehicles, one of the first things a person invests in when there is an increase in disposable income. With this, there is a demand to construct a garage, especially in the European and North American regions. These garages would require electric roller shutters to ensure protection and safety for the goods inside the garage. Hence, the increasing demand for vehicles indirectly propels the growth of the electric roller shutter market.

Integration of IoT with Electric Roller Shutters

The advanced electric roller shutters in the recent era have been integrated with many IoT features to enhance the security and protection of the properties. With the integration, the property can be monitored over long distances. For example, many electric roller shutters are installed with fingerprint readers, ensuring access to the space is provided only to authorized personnel. In case of a break-in through these doors, alarm systems can be triggered, and a notification can be sent to the mobile application and the police services. Also, IoT has the advantage of impacting electric roller shutters through its smart technologies, which allow manufacturers to increase productivity and optimize assets. IoT in-build electric roller shutters can identify conventions to consume energy efficiently, and electric roller shutters can be optimized with the help of IoT technology.

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GEOGRAPHICAL ANALYSIS
North America holds the most significant global electric roller shutter market share, valued at over USD 879 million in 2023. Large-scale industries such as automobiles, construction, electronics, and aerospace are driving the market for electric roller shutters in the region. Further, electric roller shutters are also used for various household applications such as garage doors, window shutters, and storage unit shutters. Electric roller shutters are compact and handy, which makes them easy to handle and use. It is also comparatively safe and has a simpler operating procedure than manual roller shutters. Thus, the residential or household usage of electric roller shutters is also generating widespread demand in the North American market.

Europe holds a significant position in the global electric roller shutter market. The region's major markets for electric roller shutters include the UK, Germany, and France. Other markets, such as Finland and Poland, are expected to be promising for electric roller shutters due to rising purchasing and increased industrial growth. The manufacturers also introduce electric roller shutters for their effort-free operation and security benefits. Also, the demand for garages, storehouses, and electric roller shutters in Western European countries like the U.K. and France is considerably higher than that of Eastern European countries due to the rate of disposable income and purchasing power. Thus, the scope for electric roller shutters is larger in Western countries and has growth potential in the growing economies of Eastern countries during the forecast period.

COMPETITIVE LANDSCAPE
The global electric roller shutter market is characterized by high market concentration, with high competition among the players. The present scenario drives vendors to alter and refine their unique value proposition to achieve a strong market presence. Also, vendors must develop new technologies and remain up to date with upcoming innovations to have a competitive advantage. The global electric roller shutter market is moderately fragmented and is dominated by vendors such as Janus International Group, Sanwa Holdings Corporation, and SOMFY GROUP. All these significant vendors have a global presence in North America, APAC, and Europe. The market competition is expected to intensify further with increased product extensions, technological innovation growth, and merger and acquisition activities. Further, the competition will be based solely in terms of features such as quality, quantity, technology, services, and price.

Key Company Profiles

Janus International Group
Business Overview
Product Offerings
Key Strategies
Key Strengths
Key Opportunities
Sanwa Holdings Corporation
SOMFY GROUP
Other Prominent Vendors

Hormann Group
Business Overview
Product Offerings
Hurricane Shutter Company
Talius
Mecho
QMI Security Solutions
Bandalux
Elero GMBH
heroal
NICE S.p.A.
Expert Shutter Services
ASSA ABLOY
Cornell Cookson
American Industrial Door Company
Alpine Overhead Doors Inc
StellaGroup
Mirage Screen Systems
Thompsons Roller Shutters Pty Ltd.
Ferco Shutters and Seating Systems Pte Ltd
SKB Shutters
Nordic Doors
Earo Security Services Ltd
Blinds Casa
TelaBella
Segmentation by Raw Materials

Aluminium
Stainless Steel
Plastic
Others
Segmentation by Application Type

Exterior
Interior
Segmentation by Build Type

Built On
Built In
Segmentation by Motor Type

Direct Drive
Tube Motor Drive
Chain Drive
Segmentation by End-users

Commercial
Industrial
Residential
Segmentation by Distribution Channel

Offline
Online
Segmentation by Geography

North America
US
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
APAC
China
Japan
India
Australia
South Korea
Latin America
Brazil
Mexico
Argentina
Chile
Middle East & Africa
Saudi Arabia
South Africa
UAE
Turkey

Key Questions Answered in the Report:
How big is the electric roller shutter market?
Which region dominates the global electric roller shutter market share?
What are the significant trends in the electric roller shutter market?
What is the growth rate of the global electric roller shutter market?
Who are the key players in the global electric roller shutter market?

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This release was published on openPR.