Awning Market was valued at USD 8.79 billion in 2022, and it is expected to reach USD 13.77 Billion by 2029, exhibiting a CAGR of 6.62 % during the forecast period (2023-2029)
Awning Market Overview
The research on the Awning market is based on the detailed dynamics the Awning market. The report covers market revenue forecasts at global, regional and segment, and national levels. External & internal factors affecting the market were deeply analysed. Industry rivalry for predicted periods and individual firm valuations, are all included in Awning market research.
Awning Market Report Scope and Research Methodology
The report is a comprehensive analysis of the complementary and Awning market by region, segment and competitive landscape. The report covers the current trends prevailing in the market & changing consumer preferences towards the industry in the upcoming years helping the companies identify investment pockets and opportunities in the Awning market. Sales forecasting is the main highlight of the report.
The report is equipped with a competitive analysis of the complementary and Awning market players. Key players and new entrants in the complementary and Awning are listed together to provide a thorough analysis. The complementary and Awning was analysed by region, revenue, financial status, portfolio, current problems associated with technological advancement adopted, and mergers and acquisitions. The new entrants in Complementary and Awning & the customers were researched for growth prospects and future business outlooks.. Bottom-up approach was used to estimate the complementary and Awning size.
Awning Market Regional Insights
The Regional Analysis in the report helps to understand the Awning market in various countries. The report includes a detailed analysis of the market potential & industry rivalry in all the regions: :
- North America
- Europe,
- Asia Pacific
- Latin America,
- Middle East, and Africa.
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Awning Market Segmentation:
by Product
1. Patio
2. Window
3. Freestanding
The Window segment is predicted to increase at a CAGR of more than 5% over the forecast period. Awnings for windows contribute to the value, attractiveness and functionality of a structure. They enable customers to install windows that are greater in quality than most other types of windows. They also help to save energy costs while adding a sense of flair and convenience.
by Type
1. Fixed
2. Retractable
The awning market is divided into two types: fixed and retractable. During the projection period, the retractable sector is expected to increase at a CAGR of more than 4.75%. Its distinctive motorised approach drives its demand in the high-end commercial and residential sectors. A retractable patio awning is an excellent way to shield outdoor and indoor furniture from the damaging effects of heat and sunlight. They are more durable than fixed awnings. During storms, fixed awnings are more likely to be damaged and readily torn. During a windstorm or heavy snowfall, retractable awnings may readily fold up.
by Industry
1. Residential
2. Commercial
Commercial segment had the majority position in 2022 and is expected to maintain its dominance throughout the projection period. Awnings are commonly used in commercial locations such as hotels and restaurants to boost the visual attractiveness of outdoor spaces. Awning adoption is likely to increase due to high investment in the commercial industry throughout developing economies.
Awning Market Key Players:
1. Advanced Design Awning & Sign (US)
2. A Awning Co of America Inc (US)
3. Carroll Architectural Shade (US)
4. Eide Industries, Inc (US)
5. KE DURASOL AWNINGS (US)
6. Marygrove Awning (US)
7. NuImage Awnings (US)
8. Sunair Awnings (US)
9. Sunesta (US)
10. SunSetter Products LP (US)
11. Global Awnings (US)
12. NuImagePro & NuImage Awnings (US)
13. Eclipse Shading Systems (US)
14. Awning Systems, Inc (US)
15. Alutex Awnings (US)
16. Carefree of Colorado (US)
17. Vestis Systems (US)
18. Polar Shades Sun Control (US)
19. Awntech Corporation (US)
20. Pella Corporation (US)
21. Commercial Awnings Ltd (UK)
22. MARKILUX GmbH + CO. KG (Germany)
23. Warema Renkho SE (Germany)
24. Schmitz-Werke GmbH (Germany)
25. Mitjavila (France)
26. Corradi SRL (Italy)
27. SRF Limited (India)
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Key questions answered in the Awning Market are:
- What is Awning ?
- What are the factors driving the Awning Market growth?
- What are the factors are limiting the Awning Market growth?
- What was the Awning market size in 2021?
- Which trends are expected to generate additional revenue for the Awning market growth?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Awning Market?
- What growth strategies are the players considering to increase their foothold in the Awning Market?
- Who held the largest market share in the Awning Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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