The report published on global Awnings Market is an extensive analysis of the market with a panoramic overview of the industry with regards to market size, market share, revenue growth, opportunities, drivers, restraints. The Awnings Market offers precise market scenario crucial real-time information about the developments and advancements in the market to help readers, stakeholders, and investors capitalize on the emerging opportunities. In addition, regional analysis and competitive landscape are covered in the report to offer clear picture of the market growth. Development policies and plans along with manufacturing processes and costs structures are covered in the report.
The global awnings market size was USD 7 billion in 2022 and is expected to register a revenue CAGR of 8.2% during the forecast period. Rising demand for home remodelling projects and outdoor living areas in residential and commercial structures is the major factor driving market revenue growth.
Need for awnings is rising as a result of increasing trend to improve the visual appeal of buildings and offer protection from inclement weather, such as rain and sunlight. Awning manufacturers are also using more environment-friendly and energy-efficient materials, which is driving revenue growth of the market. Manufacturers are creating innovative, green energy-based awnings as a result of consumer preferences for sustainable and eco-friendly materials in home remodelling projects. Adoption of awnings is expected to be driven by this shift toward environment-friendly materials.
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The COVID-19 impact Analysis: The growing COVID-19 pandemic has led to the weakening demand for coatings in electronics, automotive, construction, and white goods. The market has the capacity to bounce back, but it completely depends on the duration of the lockdown, and also the impact of the virus on the economy. Even though the overall demand of the market is falling, the demand for Awnings is expected to rise in the coming years.
Major Companies and Competitive Landscape:
The awnings market has been witnessing significant growth over the last few years, owing to the increasing demand for outdoor living spaces, the rise in construction activities, and rising trend of sustainable and energy-efficient homes. The global awnings market is primarily dominated by a few key players, which include:
- KE Durasol
- Advanced Design Awning Sign
- SunSetter Products
- Carroll Awning
- Sunesta
- NuImage Awnings
- Marygrove Awnings
- Aristocrat Awnings
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Type Outlook:
- Retractable
- Fixed
- Freestanding
- Others
End-use Outlook:
- Residential
- Commercial
- Industrial
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Regional Outlook
For comprehensive understanding of market dynamics, the global Awnings Market is analysed across key geographies namely: North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, and Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). Each of these regions is analysed on basis of market findings across major countries in these regions for a macro-level understanding of the market.
Significant Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of the Awnings Market
– Changes in industry market dynamics
– Detailed market segmentation by type, application, etc.
– Historical, current and projected market size in terms of quantity and value
– Recent industry trends and developments
– Competition situation of Awnings Market
– Key companies and product strategies
– Potential niche segment/region showing promising growth.
Finally, the Awnings Market Report is the authoritative source for market research that can dramatically accelerate your business. The report shows economic conditions such as major locales, item values, profits, limits, generation, supply, requirements, market development rates, and numbers.
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