Roller Shutter Market is predicted to Develop at a CAGR of

2022-07-23 07:17:46 By : Ms. Yanqin Zeng

June 24, 2022 10:30 ET | Source: Transparency Market Research Transparency Market Research

Albany, New York, UNITED STATES

Wilmington, Delaware, United States, June 24, 2022 (GLOBE NEWSWIRE) -- The value of the global roller shutter market was clocked at US$ 57.5 Bn in 2021. The market is likely to rise at a CAGR of 4.5% during the forecast period, from 2022 to 2031. The size of roller shutter market is anticipated to reach valuation of US$ 88.3 Bn by 2031. Residential and commercial buildings are protected from physical harm by roller shutters. Due to their ability to provide fire protection for a number of hours, fireproof roller shutters are estimated to broaden the scope of applications of rolling shutter across the globe. An increase in usage of smart home technology is a key cause propelling the global roller shutter market. The massive development of the tourism industry and the rise in hotel and restaurant construction are also expected to boost the global market.

Galvanized roller shutters are protected from extreme temperatures by a protective zinc layer. Due to their high durability, built-on roller shutters are very popular. In order to protect from the surrounding elements, roller shutter makers are introducing innovative ideas and products for a new kind of lath consisting of metallic and synthetic materials.

Different types of rolling shutter are increasingly being used in both business and residential settings to guard against theft, weather, as well as fire. The industrial roller shutters business is growing as construction activity picks up. As per The European Construction Industry Federation forecasts the non-residential construction category represented approximately 31.6% of all construction investment in Europe in 2019. Global demand for roller shutters is also being driven by a rising number of warehouses developed by the growing business of e-commerce industry and inclination toward the trend of building smart homes.

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Key Findings of Market Report

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Global Roller Shutter Market: Growth Drivers

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Global Roller Shutter Market: Key Players

Some of the key market players are

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Global Roller Shutter Market: Segmentation

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