MARKET OVERVIEW
Awnings are outdoor shade structures, such as retractable awnings, fixed awnings, canopies, and pergolas. Awnings are used to provide shade and protection from the sun, wind, and rain. They are used in both residential and commercial settings, including homes, cafes, restaurants, hotels, and other commercial establishments. Awnings are available in a variety of materials, including fabric, metal, and polycarbonate, and can be customized to fit the specific needs and preferences of the user. The increasing demand for outdoor living spaces and the growing construction industry is expected to drive the growth of the awnings market in the future.
MARKET DYNAMICS
The global awnings market is a highly competitive market due to many international and regional players' presence. The increasing demand for retractable awnings for garden spaces from the residential sector drives the market growth. Improving awnings operation with sensors and growing inclination towards the smart home solution is boosting the market growth. The rising disposable income, growing urbanization, and an increasing number of cafes and restaurants are key factors propelling the market. However, fluctuation in raw material price is acting as a challenging factor for the market players. The increasing inclining towards the idea of open sitting areas creates ample opportunities for market growth.
MARKET SCOPE
The "Global Awnings Market Analysis to 2028"? is a specialized and in-depth study of the awnings market with a special focus on the global market trend analysis. The report aims to provide an overview of Awnings market with detailed market segmentation by type, product, and end user. The global awnings market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Awnings market player and offers key trends and opportunities in the Awnings market. Rising living standards and inclination towards leisure and sports activities are accelerating the market growth in developed and developing nations.
MARKET SEGMENTATION
The global awnings market is segmented based on type, product, end user, and geography. Based on type, awnings market is segmented as fixed and retractable. Based on product, awnings market is segmented as patio, window, freestanding, and others. In terms of end user, awnings market is segmented as residential and commercial.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global awnings market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The awnings market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Awnings market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the awnings market in these regions.
MARKET PLAYERS
The reports cover key developments in the awnings market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from awnings market are anticipated to lucrative growth opportunities in the future with the rising demand for awnings market. Below mentioned is the list of few companies engaged in the awnings market.
The report also includes the profiles of key awnings market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Accent Awning Company
- ADVANCED DESIGN AWNINGS & SIGNS
- Awning Company of America
- Carroll Architectural Shade
- Eide Industries, Inc.
- KE USA Inc.
- Marygrove Awnings
- NuImage Awnings / Futureguard
- Sunesta
- SunSetter Products