Awning Market Expected to Reach $11,043 Million by 2025 | Top Key Players- Advanced Design Awning & Sign, Awning Company of America
According to a new report published by Allied Market Research, titled, "Awning Market: Global Opportunity Analysis and Industry Forecast, 2018 - 2025", 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%. The retractable awning segment accounted for more than half the market share in 2017 and is expected to witness significant growth during the forecast period.
Download Sample Report @: https://www.alliedmarketresearch.com/request-sample/5060?utm_source=OpenPR_V
People have become more considerate toward reducing energy consumption. Therefore, they have started installing fixed or retractable awnings and shades in summer to keep their houses cool. These awnings serve as a cost-effective solution to prevent harmful UV rays from damaging furniture, artwork, and floor in the house.
The growth of the global awning market is driven by expansion of living spaces and protection from sunlight, need for beautification of the building, and advances in fabric material. In addition, the ability of awning to increase the utilization of deck, patio, veranda, and garden are expected to provide lucrative opportunities for the growth of the awning industry. Furthermore, technological innovations, such as manual and motorized retraction mechanisms have fueled the growth of the retraction awning segment. However, unreliable harsh weather conditions hinder the growth of the awning industry, specifically in regions that are prone to heavy snowfall and rainfall.
Based on product, the patio segment is expected to account for the largest share in the global market during the forecast period, due to increase in demand across North America and Europe. Based on industry, the commercial segment is expected to be the highest contributor, growing at a significant CAGR during the forecast period. This is attributed to increase in commercialization where awnings are used to increase the utilization and enhance visual appeal of outdoor spaces.
For Purchase Report Enquiry & Customization @: https://www.alliedmarketresearch.com/purchase-enquiry/5060?utm_source=OpenPR_V
Key Findings of the Awning Market:
• Based on type, the retractable segment is projected to grow at the highest CAGR of 7.3% during the forecast period.
• Asia-Pacific generated the highest revenue in 2017 and is anticipated to grow at the highest CAGR.
• The patio segment generated the highest revenue in 2017 and is estimated to grow at the rate of 5.5%.
• In Asia-Pacific, China accounted for the largest market share in 2017.
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.
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Awning Market Expected to Reach $11,043 Million by 2025 | Top Key Players- Advanced Design Awning & Sign, Awning Company of America here
News-ID: 1429693 • Views: 425
More Releases from Allied Market Research
Overview Membrane Technology for Food and Beverage Processing Market Size, Share …
Membranes are natural or manufactured substances used for separation. They commonly serve the purpose of filter pads. Membranes, which are semi-permeable in nature (allow only selective compounds/substances to flow pass them) are easy to manufacture. These are gaining popularity in the process industry where purity of products is highly desired. Membranes are available in every shape and size and are required in numerous devices right from the water filter at
Cooking Appliances Market is Predicted to Grow High CAGR from 2019 to 2026
The cooking appliance include products such as microwaves, ovens, cook tops, and range hoods. Modern cooking appliance are used to provide ease to chefs. Also, with rapid depletion of natural resources such as LPG, and other petroleum products, there is an urgent need to use efficient and eco-friendly cooking appliances in kitchen. Key players are developing advance cooking appliances in order to increase their market share, and on the same
Power Bank Market Insights with Statistics and Growth Prediction 2018 to 2025
The growth of the global power bank market is driven by rising in demand for smartphones across the globe and an increase in sales of power banks on online portals & e-commerce websites. However, factors such as emerging trends of wireless charging and improved battery capacity of electronic devices hamper market growth. On the other hand, the development of solar & hydrogen fuel-based power banks and an increase in the
Shale Gas Market 2022 | Business Analysis and Evolutionary Growth
Shale gas is emerging as an ideal energy source, owing to its abundance, low carbon footprint and comparatively low price than conventional energy source such as natural gas, coal, nuclear and hydro. However, the issue of water scarcity due to the hydraulic fracturing technique may hamper its production. Moreover, the unstructured regulatory framework in the European countries may dampen its producers to some extent. The global shale gas consumption is
More Releases for Awning
Awning Market Analysis Focusing on Top Key Players - Advanced Design Awning & Si …
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%. Awnings are made of fabric or other material sheets supported with aluminum, iron, or wooden structures. These are deployed at doors, windows, patio, and gardens to provide shade. Both commercial and residential sector benefit from its various applications. They add style to homes by
Awning design in top form
New cassette awning revs up summer with its casual round shape Nature shows the way: Ever since it has been picking the best ideas from its vast pool of shapes and creates something new. True to this principle, awning specialist markilux developed its new cassette awning MX-3. According to the manufacturer it unites the best from technology and looks and many years of development in a gracefully curved, colourful design. Before, awnings
Awning Market Thriving Worldwide by Top Manufacturers - Advanced Design Awning & …
Bigmarketresearch.com offers 2018 report on global Awning market that evaluates industry growth trends through historical data and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2018-2025. 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%. Awnings are made of fabric or
Retractable Awning Market Insights, Trends & Future Development Status Recorded …
Retractable Awning Industry research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and
A plus in awning
Underglass awning from markilux is now also available with "Shadeplus" The "Shadeplus" is a solar protection fabric that can be lowered additionally at the front of the awning as protection against glare and inquisitive glances. markilux now offers this practical tool for its underglass awning 779/879 as well. The additional vertical blind is hardly noticeable since it is cleverly stowed away in the front profile of the slim underglass awning. After all,
Awning fabrics as trendsetters
Solar protection fabrics by markilux dress houses and patios in a touch of luxurious fashion An awning fabric can magic summery flair onto the wall of a house. It might be a daub of colour, or classic stripes, or it might exude elegance through cool colours. Those wishing for something that little bit more special for their solar protection fabric will find what they are looking for in the exclusive