diff --git a/docs/get-started/platforms/cmake.md b/docs/get-started/platforms/cmake.md
index 57b210e65..11e82efbe 100644
--- a/docs/get-started/platforms/cmake.md
+++ b/docs/get-started/platforms/cmake.md
@@ -81,3 +81,13 @@ FetchContent_MakeAvailable(lv_drivers)
 # The target "MyFirmware" depends on LVGL, drivers and demos
 target_link_libraries(MyFirmware PRIVATE lvgl::lvgl lvgl::drivers lvgl::examples)
 ```
+
+# Build shared libraries with CMake
+By default, LVGL will be built as a static library (archive). CMake can instead be instructed to build LVGL as shared library (.so/.dll/etc.):
+```cmake
+set(BUILD_SHARED_LIBS ON)
+```
+OR
+```
+$ cmake "-DBUILD_SHARED_LIBS=ON" .
+```
diff --git a/env_support/cmake/custom.cmake b/env_support/cmake/custom.cmake
index cf6f8430c..561698211 100644
--- a/env_support/cmake/custom.cmake
+++ b/env_support/cmake/custom.cmake
@@ -11,11 +11,19 @@ option(LV_CONF_INCLUDE_SIMPLE
 option(LV_CONF_PATH "Path defined for lv_conf.h")
 get_filename_component(LV_CONF_DIR ${LV_CONF_PATH} DIRECTORY)
 
+# Option to build shared libraries (as opposed to static), default: OFF
+option(BUILD_SHARED_LIBS "Build shared libraries" OFF)
+
 file(GLOB_RECURSE SOURCES ${LVGL_ROOT_DIR}/src/*.c)
 file(GLOB_RECURSE EXAMPLE_SOURCES ${LVGL_ROOT_DIR}/examples/*.c)
 file(GLOB_RECURSE DEMO_SOURCES ${LVGL_ROOT_DIR}/demos/*.c)
 
-add_library(lvgl STATIC ${SOURCES})
+if (BUILD_SHARED_LIBS)
+  add_library(lvgl SHARED ${SOURCES})
+else()
+  add_library(lvgl STATIC ${SOURCES})
+endif()
+
 add_library(lvgl::lvgl ALIAS lvgl)
 add_library(lvgl_examples STATIC ${EXAMPLE_SOURCES})
 add_library(lvgl::examples ALIAS lvgl_examples)
@@ -59,9 +67,13 @@ set_target_properties(
   lvgl
   PROPERTIES OUTPUT_NAME lvgl
              ARCHIVE_OUTPUT_DIRECTORY "${CMAKE_BINARY_DIR}/lib"
+             LIBRARY_OUTPUT_DIRECTORY "${CMAKE_BINARY_DIR}/lib"
+             RUNTIME_OUTPUT_DIRECTORY "${CMAKE_BINARY_DIR}/lib"
              PUBLIC_HEADER "${LVGL_PUBLIC_HEADERS}")
 
 install(
   TARGETS lvgl
   ARCHIVE DESTINATION "${LIB_INSTALL_DIR}"
+  LIBRARY DESTINATION "${LIB_INSTALL_DIR}"
+  RUNTIME DESTINATION "${LIB_INSTALL_DIR}"
   PUBLIC_HEADER DESTINATION "${INC_INSTALL_DIR}")