Press release
Awnings Market 2019 To Cross USD 10 Bn By 2023 | Advanced Design Awnings & Signs, Eide, Awning Company of America, Sunesta, Carroll Awning, Nuimage Awnings, Sunsetter Products, Marygrove Awnings and KE Durasol Awnings
Awnings Market Research Report, By Type (Fixed, and Retractable), Product (Patio, Window, Freestanding, and others), End-user (Residential, and Non-residential) and Region — Global Forecast till 2023Key players include Advanced Design Awnings & Signs (US), Eide Industries, Inc. (US), Awning Company of America, Inc. (US), Sunesta (US), Carroll Awning Co., Inc. (US), Nuimage Awnings (US), Sunsetter Products LP (US), Marygrove Awnings (US), and KE Durasol Awnings Inc. (US). The global awnings market is highly competitive with many players, across the globe. The players adopted various strategies to expand their global presence and increase their market shares. Some of the key strategies adopted by the players include new product developments in terms of advanced material, mergers, and acquisitions, along with strategic partnerships, and collaborations.
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Market Highlights
The global awnings market is anticipated to witness sustainable growth throughout the forecast period. Increased consumption of awnings in Asia-Pacific, the growing private and residential construction industry, and supportive government regulations & initiatives for construction is expected to drive the demand for awnings. However, fluctuation in raw material prices is expected to hinder the growth of the market.
Scope of the Report
This study provides an overview of the global awnings market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia-Pacific and the rest of the world (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Awnings market by type, product, end-user, and by region.
By Type
• Fixed
• Retractable
• By Product
• Patio
• Window
• Freestanding
• Others
By End-user
• Residential
• Non-residential
By Region
• North America
• Asia-Pacific
• Europe
• Rest of the World
Asia-Pacific region, to see maximum growth in the Awnings market over the forecast period
Based on region, the global awnings market has been segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). Asia-Pacific region dominated the global market, followed by North America, chiefly due to the increasing investments in research & development for advanced materials and products associated with new and renovation construction industry along with constant growth in the private construction market. Moreover, various benefits of awnings such as cost-effectiveness, durability, and energy saving capabilities has further enhanced the demand for this market.
Residential segment, to occupy a dominant position in the overall Awnings market
Based on application, the commercial segment is expected to exhibit maximum growth rate between the period of 2018 to 2023. The factor owing to the market size of the segment is rapid urbanization which has further resulted in the demand for private and residential spaces. These demands have been met by fundings from domestic as well as foreign players. Also, the focus on the cost-effective and durable construction have widened the scope for customized products which differ in terms of application areas such as outdoors, and indoors. This coupled with the increasing renovation and remodeling projects in Europe and North America have been driving the market for awnings in residential spaces.
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Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
Continued.........
List Of Tables
Table 1 Global Awnings Market: By Region, 2018-2023
Table 2 North America Awnings Market: By Country, 2018-2023
Table 3 Europe Awnings Market: By Country, 2018-2023
Table 4 Asia-Pacific Awnings Market: By Country, 2018-2023
Table 5 RoW Awnings Market: By Country, 2018-2023
Table 6 Global Awnings Market, By Product, By Regions, 2018-2023
Table 7 North America Awnings Market, By Product, By Country, 2018-2023
Table 8 Europe Awnings Market, By Product, By Country, 2018-2023
Continued.........
List Of Figures
FIGURE 1 Research Process Of MRFR
FIGURE 2 Top Down & Bottom Up Approach
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porter’s Five Forces Analysis
FIGURE 7 Value Chain Analysis
Continued........
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