Awning Market Size, Analysis, Statistics, Opportunity and Forecast Report 2028

IMARC Group, a leading market research company, has recently releases report titled “Awning Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global awning market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the awning market?

Report Attributes

Details

Market Size in 2022

US$ 9.0 Billion

Market Forecast in 2028

US$ 13.0 Billion

Growth rate (2023 to 2028)

CAGR of 6.3%

Base Year of the Analysis

2022

Forecast Period

2023-2028

What is Awning?

The awning is a lightweight frame structure manufactured using wood, iron, or aluminum and attached to a hood or cover. It is an architectural fabric that is used for decoration purposes and weather protection. Vertical, sun, retractable, and foldable are some of the commonly available variants in the market. It is available in umpteen colors, fabrics, sizes, and patterns and is produced using canvas, wood, cotton, and metals. Awnings also help in minimizing exposure to ultraviolet (UV) rays, extend outdoor spaces, and prevent carpets and furniture from fading. Thus, it is witnessing extensive demand across the commercial, industrial, and residential sectors.

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What are the growth prospects and trends in the awning industry?

Awnings are highly cost-effective, energy-efficient, durable, flexible, and require low maintenance, which is one of the primary factors bolstering the market growth. The rapid expansion in the construction industry and the shifting consumers are providing a significant boost to market growth. Apart from this, rapid product innovations, such as the integration of smart sensors to automatically consumer preference toward expanded living spaces and beautification of luxurious buildings are other growth-inducing factors. The rapid infrastructural development activities and surging expenditure power of the retract the structure in excessive rains and storms, is creating a positive outlook for the market.

Who are the key players operating in the industry?

The report covers the major market players including: 

  • Advanced Design Awnings & Signs
  • Awning Company of America Inc
  • Carroll Architectural Shade
  • Eide Industries Inc.
  • KE Durasol Awnings Inc.
  • Marygrove Awnings
  • NuImage Awnings
  • Sunair Awnings
  • Sunesta
  • SunSetter Products
  • Thompson Awning

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Type:

  • Fixed Awning
  • Retractable Awning
    • Manual
    • Motorized

Breakup by Product:

  • Patio
  • Window
  • Freestanding
  • Others

Breakup by End User:

  • Commercial
  • Residential

Breakup by Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Ask Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=4346&flag=E

Key Highlights of the Report:

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Market Trends
  • Market Drivers and Success Factors
  • The Impact of COVID-19 on the Global Market
  • Value Chain Analysis
  • Structure of the Global Market
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:                                                                 

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 134 N 4th St
City: Brooklyn
State: NY
Country: United States
Website: https://www.imarcgroup.com

 

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