Electric Roller Shutter Market

Electric Roller Shutter Market Research, 2034

With an initial valuation of US$ 2.6 billion in 2023, the global electric roller shutter market is projected to grow at a CAGR of 6.1% from 2024 to 2034, culminating in a market size of US$ 5 billion by the end of the forecast period.   

Electric roller shutters are motorized barrier systems utilized to protect openings such as doors and windows. They are made up of horizontal slats that can be rolled up or down to close an entrance, controlled by a motor. These shutters offer convenience with the use of remote controls, wall switches, or incorporation into smart home systems.

They are well-known for their security advantages and their capacity to enhance energy efficiency by acting as a strong physical barrier against intruders and insulating against weather and noise. Electric roller shutters are offered in different materials like aluminum, steel, and PVC, suitable for residential, commercial, and industrial needs, offering improved safety, privacy, and convenience.

Market Highlights: 

Global electric roller shutter market is expected to reach US$ 5 billion, with a 6.1% CAGR growth driven by the rising need for improved security, convenience, and energy efficiency in residential, commercial, and industrial applications. The rise in urban development and building projects has led to the implementation of automated options such as electric roller shutters, providing better security and convenience.

Moreover, the increasing use of smart home technologies and the incorporation of IoT have increased the attractiveness of these shutters for tech-savvy consumers. It is anticipated that increased awareness of energy conservation and tighter security regulations will continue to drive market growth in the future. Entering new markets and advancements in materials and design will also contribute to sustaining demand.

Market Segmentation:

Aluminium alloys' lightweight and durability, coupled with cost-effectiveness label it as the dominating market segment

The market is segmented based on Type into Aluminium Alloy Rolling Shutter Doors, PVC Rolling Shutter Doors, Steel Rolling Shutter Door, and Others. Aluminium alloy rolling shutter doors are currently the most prevalent in the market due to their outstanding strength-to-weight ratio, which is ideal for larger and heavier shutters. Their strength guarantees lasting functionality and the ability to withstand different weather conditions due to their corrosion resistance.

Another benefit of aluminium is its visual appeal, as it can undergo anodizing or powder coating to complement various architectural designs, providing a contemporary and stylish look to structures. Aluminium’s versatility is crucial, as it can be used in both residential and commercial settings, providing a wide range of customization possibilities. Despite being initially pricier than PVC, aluminium proves to be cost-effective due to its durable nature and minimal maintenance requirements. Moreover, aluminium is considered an eco-friendly option due to its recyclability. 

Stores and Shops tend to dominate the market owing to better security and convenience requirements

The market is segmented based on Application into Stores and Shops, Garages, Warehouse, and Others. Stores and Shops are the primary consumers of electric roller shutters due to their heightened security requirements, as they are frequently targeted for theft and vandalism. Electric roller shutters offer a strong solution, protecting goods and managing entry during and after operating hours. They also provide notable energy savings by offering insulation against harsh weather, assisting retailers in controlling store temperatures, and cutting energy expenses.

Customizing shutters with designs, logos, and colours can boost a store's visual attractiveness and brand recognition, adding to a contemporary vibe. Moreover, the time-saving convenience and automation of electric shutters enhance operational efficiency for staff. In areas with severe weather conditions, these shutters also protect storefronts against damage caused by the elements.

Market Dynamics:

Growth Drivers

Enhanced Security and Privacy Needs to Drive Market Growth and Development

Due to their superior security and privacy features, electric roller shutters are becoming more popular among residential and commercial users. In residences, they act as a strong defense against possible invasions, providing an additional level of security that is hard to overcome. Homeowners can have peace of mind knowing they can control visibility and access, thus maintaining their privacy.

Electric shutters are crucial for commercial establishments to protect valuable merchandise and prevent unauthorized entry when businesses are closed. The overall safety is improved by the automated operation and integration with security systems in both environments. Moreover, the shutters also serve as a visual deterrent to possible intruders, enhancing their attractiveness in the market.

Emphasis on Energy Efficiency to Provide Significant Growth Opportunities 

Electric roller shutters play a major role in conserving energy, which makes them a prevalent choice for both residential and commercial applications. These shutters help control indoor temperatures by offering better insulation, which keeps rooms cooler during summer and warmer during winter. This temperature management system reduces the requirement for high levels of heating or cooling, resulting in significant energy cost reductions and decreased utility bills.

In regions with severe weather conditions, the effect is heightened since the shutters help to prevent heat from escaping in winter and also prevent heat from entering in summer. Moreover, electric roller shutters help to reduce dependence on artificial climate control, leading to a lower carbon footprint and supporting increasing environmental concerns and energy conservation endeavors.

Restraints

High Maintenance and Repair Costs to Hinder Market Growth

Ongoing maintenance and potential repair costs act as a significant challenge to the widespread use of electric roller shutters. To ensure smooth operation, especially in high-traffic areas, these sturdy shutters need to be maintained regularly. The automated parts, specifically, may deteriorate with time and require expert maintenance or substitution, which can result in additional unwanted expenses.

Furthermore, if the shutters are in harsh weather or used often, the likelihood of mechanical issues rises, leading to higher repair costs. These expenses can build up for both residential and commercial customers, becoming a significant consideration when thinking about the lasting investment in electric roller shutters. This ongoing financial commitment could discourage certain potential buyers, particularly in cost-conscious markets.

Recent Developments

• In 2024, ASSA ABLOY Entrance Systems launched a new line of high-performance aluminum alloy rolling shutter doors designed for industrial applications. These doors feature advanced automation and enhanced security features. In mid-2023, the company acquired a leading European manufacturer of high-speed doors, expanding its product portfolio and market reach in the electric roller shutter sector.
• In late 2023, Somfy introduced a new range of smart electric roller shutters that integrate with their home automation systems, offering enhanced convenience and energy efficiency. In 2024, the company entered into a joint venture with a tech startup specializing in IoT solutions to develop next-generation automated shutter systems.
• In 2024, Campsia released a new line of PVC rolling shutter doors aimed at commercial applications, with a focus on durability and low maintenance. The company announced a strategic expansion into the Asia-Pacific market in 2023, including setting up new distribution channels and partnerships in the region.
• In mid-2023, DITEC launched a new steel rolling shutter door series featuring improved insulation and security features for industrial use. The company acquired a specialist manufacturer of high-speed doors in late 2023, enhancing its capabilities and product offerings in the electric roller shutter market.
• In early 2024, NERGECO introduced an advanced line of high-speed electric roller shutters designed for large commercial facilities, with a focus on speed and energy efficiency. In 2023, NERGECO announced plans to expand its R&D facilities to further innovate in the automation and safety features of its roller shutter products.

Key Players:

• ASSA ABLOY Entrance Systems
• Somfy
• DITEC
• HaWe Speed Schnelllauftore GmbH
• Campisa
• NERGECO
• ITW Torsysteme
• PUERTAS FERROFLEX SL
• CW Products
• IRSP
• UK Roller Shutters
• Hillarys
• C&S Roller Shutters Ireland
• Maverick Roller Products
• Versasteel
• Maxidor
• Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)

Regional Analysis

Global market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. 

Europe leads the market due to its advanced construction sector, strong focus on security, and widespread use of energy-efficient options. European buyers and companies place high importance on advanced technologies, and the strict building regulations and environmental standards in the region promote the usage of electric roller shutters in residential and commercial settings. Europe's strong infrastructure and better standard of living contribute to a thriving market that is driving up the need for automated security and energy-efficient products.  

Concurrently, the North American market is experiencing consistent growth, influenced by mounting security concerns and the use of smart home technologies. The Asia Pacific region is experiencing quick market expansion as a result of urbanization, rising construction projects, and a growing middle class.

Latin America, the Middle East, and Africa are up-and-coming markets seeing a rise in demand for electric roller shutters due to economic growth and infrastructure development, although usage rates are still below those in Europe and North America.

Market is further segmented by region into:

• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Market Scope and Segments:

Frequently Asked Questions (FAQ):