The Business Research Company’s Window Shutters Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Window Shutters Global Market Report 2023 evaluates window shutters market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global window shutters market size is expected to grow from $3.12 billion in 2022 to $3.33 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the window shutters market is expected to grow to $4.24 billion in 2027 at a CAGR of 6.2%.
Increasing urbanization is expected to drive the growth of the window shutters market going forward. Urbanization is the process of concentrating people into small geographic areas, which transforms the land for residential, commercial, industrial, and transportation uses. Window shutters significantly reduce outside noise pollution, which can significantly improve interior comfort in residential, commercial, and industrial structures as well as congested urban areas. For instance, according to the data published in September 2021 by the United Nations Department of Economic and Social Affairs, a US-based intergovernmental organization, globally, 4.46 billion people resided in urban areas in 2021. By 2050, this number will increase to 6.68 billion, with 2.22 billion more people living in urban areas. Therefore, the increasing urbanization will drive the growth of the window shutters market in the forecast period.
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The window shutters market segments in the report are:
1) By Product Type: Interior Shutters, Exterior Shutters
2) By Functionality: Manual, Automatic
3) By Distribution Channel: Offline, Online
4) By End User: Residential, Commercial, Other End Users
The table of contents in TBRC’s window shutters market report includes:
- Executive Summary
- Window Shutters Market Characteristics
- Window Shutters Market Trends And Strategies
- Window Shutters Market – Macro Economic Scenario
- Window Shutters Market Size And Growth.
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- Africa Window Shutters Market
- Window Shutters Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Window Shutters Market
- Window Shutters Market Future Outlook and Potential Analysis
- Appendix
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