Electric Roller Shutter Market is Set to Reach $3.72 Billion by 2029 - North America to Hold the Largest Share - Exclusive Research Report by Arizton

Arizton's to publish latest research report, the global electric roller shutter market was valued at USD 2.63 billion in 2023 and is expected to reach USD 3.72 billion by 2029, growing at a CAGR of 5.96% during the forecast period.

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The electric roller shutter market is experiencing robust growth, driven by several key factors including the rising production of passenger and commercial vehicles, urbanization trends, expanding manufacturing capacities, and increasing disposable incomes. Manufacturers are innovating with smart technologies to enhance the operational efficiency of electric roller shutters, offering seamless integration with IoT systems. These technological advancements present lucrative opportunities for vendors to tailor electric roller shutters to meet diverse industry requirements. Compared to manual counterparts, electric roller shutters are preferred for their ease of use, IoT compatibility, and swift operation. Their versatility extends across residential, industrial, and commercial sectors. In residential settings, they find application in window shutters, patio doors, minibar closures, and garage doors. North America and Europe lead the adoption of electric roller shutters, owing to their status as developed regions with higher per capita incomes. Additionally, the climatic conditions in these regions contribute to market growth, further propelling the demand for electric roller shutters.

MARKET TRENDS & DRIVERS

Increasing Demand for Garages in the Residential Sector

The increasing two-income households and disposable income have led to uplifting living standards. This can be witnessed in increasing demand for passenger vehicles, one of the first things a person invests in when there is an increase in disposable income. With this, there is a demand to construct a garage, especially in the European and North American regions. These garages would require electric roller shutters to ensure protection and safety for the goods inside the garage. Hence, the increasing demand for vehicles indirectly propels the growth of the electric roller shutter market.

Integration of IoT with Electric Roller Shutters

The advanced electric roller shutters in the recent era have been integrated with many IoT features to enhance the security and protection of the properties. With the integration, the property can be monitored over long distances. For example, many electric roller shutters are installed with fingerprint readers, ensuring access to the space is provided only to authorized personnel. In case of a break-in through these doors, alarm systems can be triggered, and a notification can be sent to the mobile application and the police services. Also, IoT has the advantage of impacting electric roller shutters through its smart technologies, which allow manufacturers to increase productivity and optimize assets. IoT in-build electric roller shutters can identify conventions to consume energy efficiently, and electric roller shutters can be optimized with the help of IoT technology.

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SEGMENTATION INSIGHTS

INSIGHTS BY APPLICATION TYPE

The global electric roller shutter market by application type is segmented into exterior and interior. The exterior segment dominated the global market share in 2023 and is projected to continue the trend during the forecast period. The exterior electric roller shutters are used across multiple sectors, such as automotive, residential, logistics, and cargo handling, among many other areas. Some of the main reasons for installing these external electric roller shutters are to protect the goods and other materials inside the units from the sun, bad weather, ultraviolet rays, thieves, and high winds, among many others. These types of roller shutters are predominantly visible in the regions of North America and Europe. This is due to the extreme weather conditions faced by residential, industrial, and commercial establishments in these regions.

INSIGHTS BY END-USER

The global electric roller shutter market by end-users is segmented as commercial, industrial, and residential. The commercial segment dominated the segmental market share in 2023. Expansion activities worldwide demand installing safety door systems and equipment to propel market growth. Also, the commercial sector utilizes various available electric roller shutter options. However, maintenance in various sectors such as construction, furnishing, residential, and many other industries propels the demand. Also, the global residential sector is witnessing growth due to factors such as urbanization and the support of the growth of the residential segment during the forecast period.

INSIGHTS BY DISTRIBUTION CHANNEL

The offline distribution channel accounted for the largest global electric roller shutter market share in 2023 and is growing significantly during the forecast period due to high customer preference to comprehend the functionalities and uses of the product before making the final purchase. Moreover, since electric roller shutters have high costs, the preference for the offline channel is high to minimize the risk of receiving duplicate products. Further, dealers & distributors are the prime sellers of roller shutters. They sell these roller shutters on behalf of manufacturers. Larger dealers also offer 48-hour dealer delivery and guaranteed parts availability to maintain an edge in the market. Distributors such as Janus International provide extended warranties for up to five years and an annual service at the dealership.

GEOGRAPHICAL ANALYSIS

In 2023, North America dominated the global electric roller shutter market, commanding a substantial share valued at over USD 879 million. Industries such as automobiles, construction, electronics, and aerospace are the primary drivers of this market in the region. Additionally, electric roller shutters find extensive use in households for applications like garage doors, window shutters, and storage unit shutters. Their compactness and ease of use make them popular, offering a safer and simpler alternative to manual roller shutters. As a result, residential demand for electric roller shutters is burgeoning in North America.

Europe also plays a significant role in the global electric roller shutter market, with key markets in countries like the UK, Germany, and France. Emerging markets such as Finland and Poland show promising growth prospects, driven by increasing purchasing power and industrial development. Manufacturers are focusing on introducing electric roller shutters for their effortless operation and security benefits. Notably, demand in Western European nations like the UK and France outstrips that in Eastern European countries, largely due to higher disposable incomes and purchasing power. However, there's ample growth potential in Eastern European economies, suggesting a broader scope for electric roller shutters in both developed and emerging markets across Europe.

COMPETITIVE LANDSCAPE

The global electric roller shutter market is characterized by high market concentration, with high competition among the players. The present scenario drives vendors to alter and refine their unique value proposition to achieve a strong market presence. Also, vendors must develop new technologies and remain up to date with upcoming innovations to have a competitive advantage. The global electric roller shutter market is moderately fragmented and is dominated by vendors such as Janus International Group, Sanwa Holdings Corporation, and SOMFY GROUP. All these significant vendors have a global presence in North America, APAC, and Europe. The market competition is expected to intensify further with increased product extensions, technological innovation growth, and merger and acquisition activities. Further, the competition will be based solely in terms of features such as quality, quantity, technology, services, and price.

Key Company Profiles

• Janus International Group
• Sanwa Holdings Corporation
• SOMFY GROUP

Other Prominent Vendors

• Hormann Group
• Hurricane Shutter Company
• Talius
• Mecho
• QMI Security Solutions
• Bandalux
• Elero GMBH
• heroal
• NICE S.p.A.
• Expert Shutter Services
• ASSA ABLOY
• Cornell Cookson
• American Industrial Door Company
• Alpine Overhead Doors Inc
• StellaGroup
• Mirage Screen Systems
• Thompsons Roller Shutters Pty Ltd.
• Ferco Shutters and Seating Systems Pte Ltd
• SKB Shutters
• Nordic Doors
• Earo Security Services Ltd
• Blinds Casa
• TelaBella

Market Segmentation

Raw Materials

• Aluminium
• Stainless Steel
• Plastic
• Others

Application Type

• Exterior
• Interior

Build Type

• Built On
• Built In

Motor Type

• Direct Drive
• Tube Motor Drive
• Chain Drive

End-users

• Commercial
• Industrial
• Residential

Distribution Channel

• Offline
• Online

Geography

• North America
• The US
• Canada
• Europe
• Germany
• The UK
• France
• Italy
• Spain
• Russia
• Netherlands
• APAC
• China
• Japan
• India
• Australia
• South Korea
• Latin America
• Brazil
• Mexico
• Argentina
• Chile
• Middle East & Africa
• Saudi Arabia
• South Africa
• The UAE
• Turkey

Key Questions Answered in the Report:

How big is the electric roller shutter market?

Which region dominates the global electric roller shutter market share?

What are the significant trends in the electric roller shutter market?

What is the growth rate of the global electric roller shutter market?

Who are the key players in the global electric roller shutter market?

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