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PVC Roller Shutter Market Report 2024-2033 - Size, Trends & Competitive Landscape
PVC Roller Shutter Market Report
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According to The Business Research Company's, The polyvinyl chloride (PVC) roller shutters market size has grown strongly in recent years. It will grow from $3.24 billion in 2023 to $3.51 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to a rise in urbanization, a rise in disposable income, increasing investment in infrastructure development, a growing demand for noise reduction solutions in urban areas, and a rise in government initiatives.
The polyvinyl chloride (PVC) roller shutters market size is expected to see strong growth in the next few years. It will grow to $4.90 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to rising demand for sustainable and eco-friendly building materials, increasing investments in infrastructure development projects, growing construction of healthcare facilities, increasing disposable income, and expansion of online retail channels. Major trends in the forecast period include technological advancements, smart home integration, weather resistance, sustainable materials, and architectural integration.
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Market Drivers and Trends:
The growing construction industry is expected to propel the growth of the polyvinyl chloride (PVC) roller shutters market going forward. The construction industry encompasses the processes, activities, and businesses involved in designing, planning, building, and maintaining structures and infrastructure. The growth of the construction industry is due to rising urbanization, growing infrastructure needs, and expanding economic activities. PVC roller shutters are used in the construction industry to provide security, privacy, and weather protection while enhancing energy efficiency and operational safety in commercial, industrial, and residential applications. For instance, in December 2022, according to the United States Census Bureau, a US-based government agency, the US construction expenses increased by 10.2% from $1,626.4 billion in 2021 to $1,792.9 billion in 2022. Therefore, the growing construction industry is driving the growth of the polyvinyl chloride (PVC) roller shutters market.
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Major Key Players of the Market:
Assa Abloy AB, Sanwa Shutter Corp., Stella International Holdings Limited, Warema Renkhoff SE, Hörmann KG Verkaufsgesellschaft, Heroal, B&D Australia Pty Limited, Somfy Group, Gliderol Garage Doors Pty Ltd., SKB Shutters Corporation Berhad, Elero GmbH, Wuxi Xufeng Door Industry Manufacturing Co. Ltd., Alulux GmbH, Alpine Overhead Doors Inc., Rollac Shutters Inc., Mirage Doors Pty Ltd., DAKO Fenster und Türen GmbH, DenCo European Windows & Doors Ltd., Rollashield Shutters Pty Ltd., Cookson Group PLC, Lawrence Roll-Up Doors Inc., Aluroll (UK) Ltd.
Polyvinyl Chloride (PVC) Roller Shutter Market 2024 Key Insights:
• The polyvinyl chloride (PVC) roller shutters market size is expected to see strong growth in the next few years. It will grow to $4.90 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%.
• The Growing Construction Industry Drives The PVC Roller Shutter Market
•
• North America was the largest region in the polyvinyl chloride (PVC) roller shutters market in 2023
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