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Stylish Protection: The Future of Window Shutters
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According to The Business Research Company's, The window shutters market size has grown strongly in recent years. It will grow 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 managemen.
The window shutters market size is expected to see strong growth in the next few years. It will grow to $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. Major trends in the forecast period include smart shutter systems, customization and design options, child safety, innovation in material technologies, noise reduction features, popularity of plantation shutters, diy shutter installation, collaborations with interior design trends.
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Market Drivers and Trends:
Increased construction activities are expected to propel the growth of the window shutter market going forward. Construction activities refer to the processes and tasks involved in building structures or infrastructure, including planning, design, and excavation to create functional and durable buildings or facilities. For instance, in June 2023, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, US-based government administrations, there were 1,631,000 new home starts, which is a 21.7% increase from the previous month's prediction of 1,340,000. Additionally, this represents a 5.7% increase from the May 2022 rate of 1,543,000. The number of privately owned home completions in May 2023 was 1,518,000, which is 5.0% higher than the May 2022 rate of 1,446,000 and 9.5% above the previous month's estimate of 1,386,000. Therefore, increased construction activities are driving the growth of the window shutters market.
The introduction of smart and automated window shutters is a key trend gaining popularity in the window shutters market. Major players in the window shutters market are focused on introducing smart and automated window shutters to gain a competitive edge in the market. For instance, in July 2023, The REHAU Group, a Switzerland-based company, launched the RAUVOLET Noble Matt Roller Shutter, which represents a perfect blend of elegance and functionality. This innovative roller shutter boasts a super matte surface finish, exuding sophistication and elegance, making it an attractive addition to REHAU's wide range of furniture components.
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• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
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.
Window Shutters Market 2024 Key Insights:
• The window shutters market size is expected to see strong growth in the next few years. It will grow to $4.65 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%.
• Urbanization To Drive Growth Of Window Shutters Market
• Smart And Automated Window Shutters A Key Trend In The Market
• Europe was the largest region in the window shutters market share in 2023
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