Global Roller Shutter Market - 2022-2029

Market Overview

Roller shutter market reached US$ YY million in 2021 and is estimated to record significant growth by reaching up to US$ YY million by 2029, growing at a CAGR of 7.50% during the forecast period (2022-2029).

A roller shutter is a door or window with interlocking slats. The product is widely used globally to safeguard people from robbery and environmental concerns. Many governments globally are promoting the usage of roller shutters through various initiatives such as subsidizing the installation of the products. As a result of growth initiatives, demand for roller shutters has surged in the industrial, residential and commercial sectors.

Van doors, kitchen doors, garage doors, schools, prisons and warehouse doors are various uses for roller shutters. Several European nations, including Germany and Spain, are also extensively used as window blinds. The Roller shutter's primary function is to offer insulation that protects windows from severe damage and can be engineered to support high winds in places frequently exposed to bad weather.

Market Dynamics

The growing need for safety, security and convenience and the increase in population and trend of nuclear families has escalated the demand for roller shutters.

The growing need for safety, security and convenience and the increase in population and trend of nuclear families has escalated the demand for roller shutters

Factors such as the requirement for safety, security and convenience, digitization and automation and the increase in population and trend of nuclear families are expected to boost the global roller shutter market. For instance, Nuclear families expanded from 135 million in 2001 to 172 million in 2011, according to the most recent Indian census data release, but slower than the overall population.

Furthermore, natural calamities and burglary are both protected by roller shutters. They're gaining popularity because they can withstand fire for a specific time. A protective zinc coating protects galvanized roller shutters from severe temperatures. Because of their endurance, built-on roller shutters are the most popular option. Manufacturers are offering new product designs that combine synthetic and metallic materials to create a new type of lath that protects against the elements.

Growing nuclear families globally has encouraged the manufacturers to install more advanced features such as power-saving and noise protection for user convenience as demand for roller shutters grows owing to increased security and insulation concerns. As a result, product innovation and improved security and insulating features for personnel access and commercial/industrial doors are projected to be major market drivers. Owners are spending more on home improvement projects due to increased government spending on infrastructure in emerging economies and strengthening economies. The worldwide roller shutter market benefits from rapid urbanization and industrialization in growing countries such as Asia- Pacific.

Various operational issues related to roller shutters hurdle the market growth for the product

Roller shutters are crucial for every business and their smooth operation is required for the safety and security of any business. A few typical concerns with roller shutters can lead to major problems if not handled properly. For instance, a faulty motor can cause major issues with roller shutters. If the motor makes any extra noise, it signifies something is wrong and needs to be fixed as soon as possible. A malfunctioning motor might potentially overheat, affecting roller shutter operation.

Power Sources and Connections: The most typical problems with an electric roller shutter are power source concerns. As a result, it's best to check the power sources and connections frequently. Furthermore, loose connections can cause serious damage to the roller shutter, short circuits and other problems.

Dust or blockage in the track: A common problem that leads to roller shutter failure is dust or obstruction in the track. A roller shutter may move slowly or in an uneven pattern because of an impediment or dust on the track. The smooth operation of a roller shutter should be cleaned right away.

Furthermore, Proximity Sensors: These sensors control the roller shutters' opening and shutting. If the sensor is dirty, it will not work properly and may impair the shutter's opening and shutting. It can also cause damage to the roller shutter. Proximity sensors can be damaged for a variety of reasons. Thus, they should be checked regularly. Thus, the factors mentioned above demand proper maintenance for roller shutters. A single defect might hamper the product's functionality, leading to a major restraint on the market growth for the product.

COVID-19 Impact Analysis

The rising pandemic risk posed by COVID-19 has impacted the roller shutter market, which is likely to see a price fall due to a balanced-to-long supply. Various companies have disrupted their supply chains across Europe due to regional lockdowns.

Furthermore, the COVID-19 pandemic has wreaked havoc on several economies worldwide. Thus, governments worldwide have enforced partial or entire lockdowns to prevent the spread of the disease and its impacts, affecting a wide range of roller shutter end-users, including residential and commercial buildings.

In the first two quarters of 2020, COVID-19 greatly impacts the construction industry. Due to the suspension of building activity and the slow recovery following the lifting of the lockdown, construction businesses are estimated to face a 13-17 percent decline in revenue year over year. Only in the third quarter of fiscal 2021 is the industry expected to return to normalcy. Thus, the reduction in construction industry business has reduced the demand for roller shutters, hampering the product market during the COVID-19 period.

Segment Analysis

The global roller shutter market is segmented on product, fixation type, material, operating system, end-user and region.

Automated or motorized roller shutters require little maintenance, inspection and manual attention and offer excellent protection

The global roller shutter market is segmented into manual and automated based on operating systems. Out of the mentioned types, automated or motorized shutters hold the highest market share globally. The motorized rolling shutter is the most popular and commonly utilized of all types of doors. The robust structure of the motorized rolling shutters is achieved using high-strength metals in the slate and guide profile manufacturing. The mentioned feature is a deterrent to burglary, vandalism and storms.

Furthermore, these shutters require little maintenance, requiring little inspection and manual attention. The automated rolling shutters are extremely simple, ensuring complete client satisfaction. Due to in-house design and manufacturing, these motorized rolling shutters are simple and reliable. The products come with a door curtain that coils up quite tightly and can be used for various purposes. Due to limited space, motorized rolling shutters are suited for any structural scenario, whether positioned outside or inside, laterally or overhead.

The biggest advantage of automated roller shutters is that they keep intruders out of customers' homes. They will have difficulty removing security roller shutters because they are very tightly fastened to the door or window and cannot be removed without much effort. They're not only a great physical barrier but also a great visual deterrent. Thus excellent protection coupled with very less manual attention increases the growth opportunities for automated shutters to grow globally.

Geographical Analysis

Tremendously expanding prospects for industry expansion are expected to create huge market growth potentials for Asia-Pacific to grow in the forecast period

Industrialization and urbanization are two major changes that have altered Asia-Pacific's growing economies. The requirement to create more housing units in urban and rural locations to accommodate the growing population is projected to increase product demand as the population grows. In growing economies such as India, Thailand and Indonesia, commercialization and fast urbanization will generate greater prospects for industry expansion. According to several major trends in the roller shutter market, the market is evolving toward high security and insulated roller shutters.

Furthermore, existing buildings are being renovated due to the trend toward smart homes in Asia- Pacific countries, creating huge market growth opportunities for the roller shutters to grow in the forecast period.

Competitive Landscape

The global roller shutter market is highly competitive with local and global key players. Key players contributing to the market's growth are Hormann Group, Novoferm Gmbh, AM Group, Alulux GmbH, Assa Abloy Group, Bunka Shutter Co., Ltd., Ferco Seating Systems, Heroal, Sanwa Holdings Corporation, SKB Shutters, Stella Group and Zurfluh Feller and among others.

The major companies are adopting several growth strategies such as product launches, acquisitions and collaborations, contributing to the global growth of the roller shutter market.

• For instance, In 2018, The Flip firm, situated in Gondecourt, France, specializes in designing, producing and marketing roller shutters, Venetian blinds and roll-up doors. Geoffroy Toulemonde, the managing director and the investment group Siparex previously owned it.

ASSA ABLOY

Overview: Assa Abloy AB is a Swedish company offering products and services related to doors, gates, locks and entrance automation. Other products and services include controlling access and confirming identities with cards, tags, mobile, keys and bio-metric identity verification systems. The company was formed in 1994 and has made over 200 acquisitions, including Chubb Locks, Medeco, Yale lock in U.S., Mul-T-Lock in Israel and Fichet-Bauche in France. Its two biggest shareholders are Latour and Melker Schorling AB

Product Portfolio: The company has a product portfolio of roller shutters that includes:

• Fire-rated: The company's fire-rated shutters are appropriate for any location that needs fire protection and are available with a 1, 2 or 4-hour fire rating. Fire roller shutters are useful in warehouses, factories, kitchens and offices and ASSA ABLOY can make them work with three-phase (415V) and single-phase (240V) power sources.

Key Development

• In 2021, ASSA ABLOY introduced two lath design options for its new insulated roller shutters. Additionally, the company offers double-glazed perspex vision screens in its roller shutter curtains.

Why Purchase the Report?

• Visualize the global roller shutter market segmentation by product, fixation type, material, operating system, end-user and region, highlighting key commercial assets and players.
• Identify commercial opportunities in the roller shutter market by analyzing trends and co-development deals.
• Excel data sheet with thousands of global roller shutter market-level 4/5 segmentation points.
• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
• Product mapping in excel for the key product of all major market players

The global roller shutter market report would provide approximately 77 market data tables, 71 figures and 220 pages.

Target Audience 2022

• Service Providers/ Buyers
• Residential
• Research Laboratory
• Restaurant Business
• Energy & Utilities Companies
• Distributors