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Awning Market: Global Opportunity Analysis and Industry Forecast, 2017-2025
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Awning Market, by Type, Product and Industry 2018 - 2025 Awning Market, by Type (Fixed and Retractable), Product (Patio, Window, Freestanding, and Others), and Industry (Residential and Commercial): Global Opportunity Analysis and Industry Forecast, 2018 - 2025
Awning Market Overview : Awnings are sheets of fabric or other materials that are supported with a structure made of aluminum, iron, or wood. They can be deployed at the door, window, patio, and in gardens to provide shade. They have numerous applications, which prove beneficial in both, the commercial as well as residential sectors. They add style to homes by improving the architectural design and coloring. Moreover, they help protect the furniture placed outside the house from sun damage. Awnings are available in various types, which include fixed/stationary awning and retractable awning. The global awning market was valued at $6,765.8 million in 2017 and is projected to reach $11,042.7 million in 2025, growing at a CAGR of 6.2%. Request Sample Report: Factors such as expanded living space and sun protection, advances in fabric material, and beautification of the luxurious building drive the growth of the market. In addition, smart awnings with sensors to retract the structure in stormy or rainy weather is expected to propel the growth of the global awning industry. Moreover, fabrics and sheets that are available in different colors and patterns provide numerous opportunities to customers.
The global awning market is segmented based on type, product, industry, and region. Based on type, the market is bifurcated into fixed awning and retractable awning. Retractable awning is further sub-segmented into manual and motorized. The retractable awning segment is anticipated to dominate the global awning market throughout the study period. Based on product, the market is categorized into patio, window, freestanding, and others. The industrial segment includes residential, and commercial. The commercial segment is projected to dominate the global awning market in future, due to increase in investments to develop commercial spaces such as shops, hotels, restaurants, sports arena, and theaters.
By Product Based on product, the market is segmented into patio, window, freestanding, and others. Among these, the patio segment was the highest contributor, and is expected to grow at a significant growth rate during the forecast period, owing to increase in deployment of retractable awning with advanced features in the residential and nonresidential sectors. Use of patio, decks, or veranda is preferred for various occasions such as gathering, lunch, sun bath, and dinners. Moreover, the retractable patio awning with LED lighting is expected to register high growth during the forecast period.
By Region The market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific holds a significant share in the global awning market and is projected to grow at a high CAGR, due to growth in installation of both, fixed and retractable awning systems in countries such as China, Japan, and India.
Key Benefits for Awning Market : The study provides an in-depth analysis of the global awning market along with the current trends and future estimations to elucidate the imminent investment pockets. Information about the key drivers, restraints, and opportunities and their impact analyses on the market is included in the study. Porters five forces analysis illustrates the potency of the buyers and suppliers operating in the industry. The quantitative analysis of the global awning market from 2017 to 2025 is provided to determine the market potential.
By Type • Fixed Awning • Retractable Awning • Manual • Motorized • By Product • Patio • Window • Freestanding • Others Awning Key Market Segments : • By Industry • Commercial • Residential
North America • U.S. • Canada • Mexico • Europe • Germany • UK • France • Italy • Rest of Europe • Asia-Pacific • China • Japan • India • Rest of Asia-Pacific • LAMEA • Latin America • Middle East and Africa By Region
Key Market Players Profiled In The Report Advanced Design Awning & Sign Awning Company of America Carroll Awning Eide Industries KE Durasol Marygrove awning NuImage Awnings Sunair Awnings Sunesta Sunsetter Products
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