The global window shutters market grew at a CAGR of around 6% during the historical period of 2014-2019. Window shutter refers to a movable cover or screen for a window that consists of vertical stile and horizontal rail. It helps in regulating sunlight entry, providing privacy and protection against weather or unwanted intrusion, and enhancing the aesthetics of a building. Owing to this, window shutters are widely installed in residential spaces, office buildings, and other commercial hubs.
In recent years, increasing urbanization owing to the growing number of housing projects is one of the major factors driving the global window shutters market. Moreover, rapid westernization across developing countries, such as India and China, coupled with the expanding base of the affluent middle-class homeowners, has also increased the demand for window shutters. Furthermore, the rising consumer investments on building aesthetics and decor, along with the introduction of smart and automated window shutters, is further driving the product demand. Looking forward, IMARC Group expects the market to continue its growth during the next five years.
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The competitive landscape of the industry has also been examined with some of the key players being Architectural Plantation Shutters, Eclipse Shutters, California Shutters, Griesser France, Hillarys, Hunter Douglas, Lafayette Interior Fashions, Nien Made, Royal Building Products, Shuttercraft Ltd, Springs Window Fashions, etc.
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