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Polyvinyl Chloride (PVC) Roller Shutter Market: Major Trends Reshaping the Future of the Industry
Polyvinyl Chloride (PVC) Roller Shutter Market
What Will the Polyvinyl Chloride (PVC) Roller Shutter Industry Market Size Be by 2025?
The market for polyvinyl chloride (PVC) roller shutters has witnessed significant expansion in the past few years. The sector, currently valued at $3.51 billion in 2024, is predicted to increase to $3.82 billion in 2025, displaying a compound annual growth rate (CAGR) of 8.8%. The historical growth trend can be linked to factors like increased urbanization, enhanced disposable income, escalated investment in infrastructure enhancement, burgeoning demand for sound attenuation solutions in metropolitan locales, and growth of government initiatives.
What's the Long-Term Growth Forecast for the Polyvinyl Chloride (PVC) Roller Shutter Market Size Through 2029?
Expectations are high for notable escalation in the polyvinyl chloride (PVC) roller shutter market size in the ensuing years. It is projected to extend to $5.32 billion in 2029, with a compound annual growth rate (CAGR) of 8.6%. A surge in preference for sustainable and eco-friendly construction materials, increased funding for infrastructure expansion projects, the rise in healthcare facility construction, growth in disposable income, and the proliferation of online retail avenues contribute to the forecasted growth. Foreseen trends within this period encompass technological innovation, integration into smart homes, resilience against weather, utilization of sustainable materials, and architectural synergy.
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What Are the Key Growth Drivers Fueling the Polyvinyl Chloride (PVC) Roller Shutter Market Expansion?
Boosts in the construction industry are predicted to spur the expansion of the polyvinyl chloride (PVC) roller shutters market. The industry of construction covers design, planning, building, and maintenance-related processes, activities, and enterprises. The growth of this sector can be attributed to accelerating urbanization, growing infrastructure necessities, and boosted economic activities. PVC roller shutters are deployed in the construction field to offer security, privacy, and weather resilience, augmenting energy efficiency and operational safety in industrial, commercial and residential implementations. In a report from December 2022 by the United States Census Bureau, a governmental body of the US, it was revealed that expenses in the US construction domain went up by 10.2%, escalating from $1,626.4 billion in 2021 to $1,792.9 billion in 2022. Therefore, the escalating construction industry is a key growth factor for the polyvinyl chloride (PVC) roller shutters market. The PVC roller shutters market is poised to gain from the rise of smart homes. A smart home is a residence decked up with cutting-edge technology and interconnected instruments that boost and automate various facets of domestic living. The increase in smart homes is driven by technological breakthroughs and consumer demands for comfort, energy efficiency, and improved security, making interconnected devices and automation systems more attractive. PVC roller shutters, when incorporated into smart homes, boosts their security, privacy, and energy efficiency. It often binds with automated systems for remote controlling and scheduling through smartphone apps or home automation hubs. As per Dataconomy, a German online portal for news, events and expert opinion from the world of data-driven technology, in September 2022, on average there were 17.1 connected devices and smart home appliances per home globally till the end of June 2022, which was a 10% surge compared to the same time the previous year. Therefore, the burgeoning trend of smart homes is fostering the growth of the polyvinyl chloride (PVC) roller shutters market.
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How Is the Polyvinyl Chloride (PVC) Roller Shutter Market Segmented?
The polyvinyl chloride (PVC) roller shutter market covered in this report is segmented -
1) By Type: Built-In Roller Shutters, Built-On Roller Shutters
2) By Installation: Top Mounted, Front Mounted
3) By Control Type: Automatic, Manual
4) By Application: Residential, Commercial
5) By Distribution Channel: Direct Sales, Indirect Sales
Subsegments:
1) By Built-In Roller Shutters: Motorized Built-In Roller Shutters, Manual Built-In Roller Shutters, Insulated Built-In Roller Shutters, Non-Insulated Built-In Roller Shutters
2) By Built-On Roller Shutters: Motorized Built-On Roller Shutters, Manual Built-On Roller Shutters, Insulated Built-On Roller Shutters, Non-Insulated Built-On Roller Shutters
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Which Companies Are Leading the Charge in Polyvinyl Chloride (PVC) Roller Shutter Market Innovation?
Major companies operating in the polyvinyl chloride (PVC) roller shutter market are 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.
Which Regions Are Leading the Global Polyvinyl Chloride (PVC) Roller Shutter Market in Revenue?
North America was the largest region in the polyvinyl chloride (PVC) roller shutters market in 2024. The regions covered in the polyvinyl chloride (PVC) roller shutter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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