Awning Market by Type, Product and Key players: Carroll Awning, Eide Industries, KE Durasol

Awnings are devices that offer shade over windows, doors, decks, patios, and walkways. They are a reliable and convenient solution that help expand and make good use of the outdoor spaces. These awnings have been popular since 50 B.C. and were commonly used on American storefronts during the first half of the 19th century. Awnings have changed little over the years; however, introduction of retractable awning has garnered attention of customers. The market has evolved with the availability of various sheathing options such as fabric, plastic, plywood, and glass. Moreover, one can choose from steel, aluminum iron, and wooden frames for awnings. Furthermore, the demand for awnings has increased in commercial and residential sectors, owing to expanded living space and sun protection.

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Nowadays, retractable awnings can be equipped with devices that are able to sense weather changes. For instance, they can automatically provide shade during a sunny day and retract when it begins to get windy or snowy. This innovation in awnings helps boost the growth of the awning market. Moreover, construction of luxury homes, hotels, and other commercial spaces fuels the demand for awnings globally. Furthermore, freestanding awnings are in great demand owing to their use in outdoor seating, for covering the pool and external restaurant space. Ongoing innovation activities to develop full-cassette awning, and motorized retractable awning further propel the growth of the industry.

Emerging economies such as China, Japan, and Middle East and Africa have experienced significant rise in demand for both fixed and retractable awning with increase in applications in residential and commercial sectors. Increase in demand for car parking, poolside, garden, restaurants, hotels, patio, stadium, open theater, and other outdoor areas boosts the growth of the awning market, especially in India. Furthermore, less expensive awning options as compared to concrete shade has accelerated the market growth in developing areas of Africa and Latin America. In addition, emerging economies, such as India, are expected to provide major growth opportunities in commercial and residential sectors.

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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%.

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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.

The key players profiled in this report include Advanced Design Awning & Sign, Awning Company of America, Carroll Awning, Eide Industries, KE Durasol, Marygrove awning, NuImage Awnings, Sunair Awnings, Sunesta, and Sunsetter Products.

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