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: 587
More Releases from Allied Market Research
Single-Mode Optical Fiber Market: Regional Scope, Key Segments, Sales Channels a …
Allied Market Research Published Latest Report titled, “Single-mode Optical Fiber Market by Type (G.652, G.653, G.654, G.655, G.656 and G.657), Applications (Telecommunication & Networking, Data Centers, CATV, Factory Automation & Industrial Networking, Military and Others): Opportunity Analysis and Industry Forecast, 2020-2027” This market research study determines the increase in changes and the aspects which are likely to have an impact on the growth of the Global Single-mode Optical Fiber Market. Increased
Hyperloop Technology Market: Regional Scope, Technological Innovations, Key Segm …
Allied Market Research Published Latest Report titled, “Hyperloop Technology Market by Carriage Type (Passenger and Cargo/Freight) and Transportation System (Tube, Propulsion, Capsule, and Route) - Global Opportunity Analysis and Industry Forecast, 2020-2027” This market research study determines the increase in changes and the aspects which are likely to have an impact on the growth of the Global Hyperloop Technology Market. Increased demand for the technologies is also one of the factors,
Mobile Robotics Market: Regional Scope, Key Segments, Growth Opportunities and C …
Allied Market Research Published Latest Report titled, “Mobile Robotics Market by Product (UGV, UAV, and AUV), Component (Hardware, Software, and Support & Services), Application (Logistics & Warehousing, Military & Defense, Healthcare, Domestics, Entertainment, Education, Agriculture & Forestry, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027” This market research study determines the increase in changes and the aspects which are likely to have an impact on the growth of the Global
UV LED Market: Regional Scope, Key Segments, Applications, Trends and Competitiv …
Allied Market Research Published Latest Report titled, “UV LED Market by Type (UV-A, UV-B, and UV-C), Material (Silicon Carbide, Gallium Nitride, Sapphire, and Other), and Application (Curing, Purification, Indoor Gardening, Counterfeit detection, and others), and Industry Vertical (Healthcare & Medical, Agriculture, Industrial, Residential, and Commercial): Global Opportunity Analysis and Industry Forecast, 2020–2027.” This market research study determines the increase in changes and the aspects which are likely to have an impact
More Releases for Awning
Retractable Awnings Market Expands Rapidly in the Near Future 2027 with Top Comp …
Retractable Awnings Market report include current market scenario and offers a comprehensive analysis on Retractable Awnings, standing on the readers’ viewpoint, delivering detailed market data and understanding insights. It comprises inclusive important points that significantly affect the growth of the market at a global level. The report is made after a market research and in-depth investigation of the market development in different sectors that requires correct analysis, technology-based ideas, and
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
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