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According to the latest research, the global Shutter market size was valued at USD 512.76 million in 2022 and is expected to expand at a CAGR of 6.98% during the forecast period, reaching USD 768.53 million by 2028.
Influence of COVID-19 Outbreak on Shutter Industry Development
Since the outbreak of the COVID-19 virus in December 2019, the disease has spread to nearly 100 countries around the world, and the World Health Organization has declared it an emergency public health event. The COVID-19 epidemic is infected with a large number of people, and its spread and scope far exceed SARS. At present, the number of confirmed cases in Worldwide has exceeded 10 million. Different industries are affected differently by the epidemic situation. The impact on Shutter is mainly reflected in the supply of raw materials and Downstream market demand. The main raw materials of Shutter are Polycarbonate material, stainless steel, aluminum alloy, etc. Overall, affected by the COVID-19 epidemic, logistics will be suspended and the supply of raw materials for Shutter will be tight. Due to the global threat of COVID-19, the resumption of work in the world's plants will directly affect the customer's production plan for goods and shipments. The continuous outbreak of the international epidemic situation, if the personnel control of each country is extended, it will affect the smooth supply of equipment and materials.
For downstream industries, during the COVID-19 epidemic, in order to firmly prevent the spread of epidemics, the government has issued measures to extend vacations, delay business recovery, flow control and flow control measures, and postpone recovery activities. For example, in addition to strictly importing the entrance to prevent the epidemic situation, measures have also been taken in Thailand to prevent the spread of the epidemic. The Thai government has cancelled or postponed the holding of some conferences, exhibitions and other events, and some stadiums and swimming pools have been closed. At the same time, Bangkok, Pattaya, Khon Kaen, Phuket, Chiang Mai and other places have announced the cancellation of the Thai New Year Songkran Festival (Water Songkran). COVID-19 has a huge impact on the operation of the industry, of which the impact on SMEs is more obvious. The company's inability to conduct normal operations and sales has exacerbated the shortage of funds for SMEs and reduced the company's solvency. To a certain extent, the demand for blinds is affected.
Drivers
According to Vietnam News Agency, the construction industry in Vietnam has maintained a good growth momentum for the past 10 years. In 2018, the Ministry of Construction has proposed 11 core tasks and will take strong measures to accomplish the set goals. According to the evaluation of economic experts, in the past 10 years, the growth rate of Vietnam's construction industry has continuously increased, from nearly 5 billion US dollars in 2007 to 12.8 billion US dollars in 2017. In 2017, the construction industry maintained a relatively high growth momentum, an increase of 8.7% year-on-year, and ranked third in the contribution rate to GDP. According to real estate associations, developers and development research institutes, in order to adapt to changes in the housing market, major cities in Vietnam will construct about one million new houses in two years in 2019 and 2020 to meet the needs of about three million migrants and Housing needs of industry workers, including employees of state-owned organizations.
Economic development has brought more job opportunities to Vietnamese people, and at the same time promoted the development of urbanization. For example, Ho Chi Minh City, Vietnam's largest city, has benefited from the rapid development of Vietnam's economy, with increasingly developed urban construction and skyscraper construction in full swing. The city has planned to build the Vietnamese version of Pudong New District on the first new town on the other side of the Saigon River and build a group of Vietnamese skyscrapers. In 2018, Ho Chi Minh City, the largest city in Vietnam, became the tallest skyscraper in Vietnam, and the building was named Landmark Tower 81. The building is 461.3 meters high, has 81 floors, covers an area of more than 240,000 square meters, and the investment amount reaches 1.4 billion US dollars. The landmark tower was opened in 2018 and became the tallest building in Vietnam and a symbolic building for Vietnam's new economic growth. Therefore, the stable development of the construction industry has brought a strong carrier base to the Shutter market.
Region Overview:
Vietnam had the highest growth rate of all regions.
Company Overview:
Sanwa Holdings Corporation is one of the major players operating in the Shutter market, holding a share of 14% in 2020.
Sanwa Holdings Corporation heavy & light weight shutters, doors, and window units. The Company provides integrated service of design, installation, and repair.
The year of 2003 marked the appearance of Austdoor in Vietnam market. After 17 years of development, Austdoor has grown and affirmed our leading position in the field of manufacturing and trading high quality roller shutters. So far, Austdoor is proud to mark its brand to 63 cities and provinces across the country and constantly expands our business in international markets. During the development process, Austdoor has always aroused, renewed passion, creativity to conquer and bring great values to life.
Segmentation Overview:
By type, Door Shutter segment accounted for the largest share of market in 2021.
Application Overview:
By application, the Commercial segment occupied the biggest share from 2017 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Shutter industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Shutter. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Shutter Market Report Include:
Market Size Estimates: Shutter market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Shutter market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Shutter market
Segment Market Analysis: Shutter market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Shutter market situations and prospects in major and top regions and countries
Shutter Market
Shutter Industry Chain: Shutter market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Shutter Industry News, Policies by regions
Shutter Industry Porters Five Forces Analysis
Key players in the global Shutter market are covered in Chapter 2:
R.S. Shutter
Sanwa Holdings Corporation
World Kogyo (Thailand)
Hormann Group
CJ Metallic Company
Austdoor
Mitadoor
KSS Thailand
Bunka Shutter Co. Ltd.
V.C. Autoshutters
In Chapter 6 and Chapter 9, on the basis of types, the Shutter market from 2018 to 2028 is primarily split into:
Door Shutter
Window Shutter
In Chapter 7 and Chapter 10, on the basis of applications, the Shutter market from 2018 to 2028 covers:
Residential
Commercial
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Shutter market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Shutter industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Shutter market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Shutter industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Shutter market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Shutter market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Shutter market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Influence of COVID-19 Outbreak on Shutter Industry Development
Since the outbreak of the COVID-19 virus in December 2019, the disease has spread to nearly 100 countries around the world, and the World Health Organization has declared it an emergency public health event. The COVID-19 epidemic is infected with a large number of people, and its spread and scope far exceed SARS. At present, the number of confirmed cases in Worldwide has exceeded 10 million. Different industries are affected differently by the epidemic situation. The impact on Shutter is mainly reflected in the supply of raw materials and Downstream market demand. The main raw materials of Shutter are Polycarbonate material, stainless steel, aluminum alloy, etc. Overall, affected by the COVID-19 epidemic, logistics will be suspended and the supply of raw materials for Shutter will be tight. Due to the global threat of COVID-19, the resumption of work in the world's plants will directly affect the customer's production plan for goods and shipments. The continuous outbreak of the international epidemic situation, if the personnel control of each country is extended, it will affect the smooth supply of equipment and materials.
For downstream industries, during the COVID-19 epidemic, in order to firmly prevent the spread of epidemics, the government has issued measures to extend vacations, delay business recovery, flow control and flow control measures, and postpone recovery activities. For example, in addition to strictly importing the entrance to prevent the epidemic situation, measures have also been taken in Thailand to prevent the spread of the epidemic. The Thai government has cancelled or postponed the holding of some conferences, exhibitions and other events, and some stadiums and swimming pools have been closed. At the same time, Bangkok, Pattaya, Khon Kaen, Phuket, Chiang Mai and other places have announced the cancellation of the Thai New Year Songkran Festival (Water Songkran). COVID-19 has a huge impact on the operation of the industry, of which the impact on SMEs is more obvious. The company's inability to conduct normal operations and sales has exacerbated the shortage of funds for SMEs and reduced the company's solvency. To a certain extent, the demand for blinds is affected.
Drivers
According to Vietnam News Agency, the construction industry in Vietnam has maintained a good growth momentum for the past 10 years. In 2018, the Ministry of Construction has proposed 11 core tasks and will take strong measures to accomplish the set goals. According to the evaluation of economic experts, in the past 10 years, the growth rate of Vietnam's construction industry has continuously increased, from nearly 5 billion US dollars in 2007 to 12.8 billion US dollars in 2017. In 2017, the construction industry maintained a relatively high growth momentum, an increase of 8.7% year-on-year, and ranked third in the contribution rate to GDP. According to real estate associations, developers and development research institutes, in order to adapt to changes in the housing market, major cities in Vietnam will construct about one million new houses in two years in 2019 and 2020 to meet the needs of about three million migrants and Housing needs of industry workers, including employees of state-owned organizations.
Economic development has brought more job opportunities to Vietnamese people, and at the same time promoted the development of urbanization. For example, Ho Chi Minh City, Vietnam's largest city, has benefited from the rapid development of Vietnam's economy, with increasingly developed urban construction and skyscraper construction in full swing. The city has planned to build the Vietnamese version of Pudong New District on the first new town on the other side of the Saigon River and build a group of Vietnamese skyscrapers. In 2018, Ho Chi Minh City, the largest city in Vietnam, became the tallest skyscraper in Vietnam, and the building was named Landmark Tower 81. The building is 461.3 meters high, has 81 floors, covers an area of more than 240,000 square meters, and the investment amount reaches 1.4 billion US dollars. The landmark tower was opened in 2018 and became the tallest building in Vietnam and a symbolic building for Vietnam's new economic growth. Therefore, the stable development of the construction industry has brought a strong carrier base to the Shutter market.
Region Overview:
Vietnam had the highest growth rate of all regions.
Company Overview:
Sanwa Holdings Corporation is one of the major players operating in the Shutter market, holding a share of 14% in 2020.
Sanwa Holdings Corporation heavy & light weight shutters, doors, and window units. The Company provides integrated service of design, installation, and repair.
The year of 2003 marked the appearance of Austdoor in Vietnam market. After 17 years of development, Austdoor has grown and affirmed our leading position in the field of manufacturing and trading high quality roller shutters. So far, Austdoor is proud to mark its brand to 63 cities and provinces across the country and constantly expands our business in international markets. During the development process, Austdoor has always aroused, renewed passion, creativity to conquer and bring great values to life.
Segmentation Overview:
By type, Door Shutter segment accounted for the largest share of market in 2021.
Application Overview:
By application, the Commercial segment occupied the biggest share from 2017 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Shutter industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Shutter. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Shutter Market Report Include:
Market Size Estimates: Shutter market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Shutter market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Shutter market
Segment Market Analysis: Shutter market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Shutter market situations and prospects in major and top regions and countries
Shutter Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Shutter Industry Chain: Shutter market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Shutter Industry News, Policies by regions
Shutter Industry Porters Five Forces Analysis
Key players in the global Shutter market are covered in Chapter 2:
R.S. Shutter
Sanwa Holdings Corporation
World Kogyo (Thailand)
Hormann Group
CJ Metallic Company
Austdoor
Mitadoor
KSS Thailand
Bunka Shutter Co. Ltd.
V.C. Autoshutters
In Chapter 6 and Chapter 9, on the basis of types, the Shutter market from 2018 to 2028 is primarily split into:
Door Shutter
Window Shutter
In Chapter 7 and Chapter 10, on the basis of applications, the Shutter market from 2018 to 2028 covers:
Residential
Commercial
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Shutter market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Shutter industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Shutter market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Shutter industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Shutter market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Shutter market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Shutter market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
