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Europe Awnings Market Size, Share, Analysis and Forecast, 2020–2027 | Key Drivers, Restraints & Opportunity

06-14-2021 06:38 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
Europe Awnings Market

Europe Awnings Market

The growth of Europe awnings market depends on the construction industry in Europe. The European construction industry is in its recovery phase since 2014, with a modest increase of 0.9% in the residential construction segment. The real estate market in Europe has been encountering a large demand driven by increased incomes and low interest rates along with high levels of net migration. By 2022, more than 3 million migrants are expected to have reached Germany.

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Increase in residential and non-residential construction activities and rise in expenditure on home improvement in Europe are expected to boost the europe awnings market growth. Moreover, Russia contributes to around 50% of the overall residential and non-residential construction expenditure in Eastern Europe, and this expenditure is expected to rise, owing to construction of both infrastructure and structures, such as hotels, and retail buildings; thereby, accelerating the market growth.

According to a new report published by Allied Market Research, titled, Europe Awnings Market by Type, Product, and End User: Opportunity Analysis and Industry Forecast, 2020–2027,” the Europe awnings market size was valued at $2,090.0 million in 2019, and is projected to reach $2,529.3 million by 2027, registering a CAGR of 3.9% from 2020 to 2027.

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Key Market Segments

By Type

Fixed
Retractable

By Product

Patio
Window
Freestanding
Others

By End-user

Residential
Non-Residential

By Country

Europe
Germany
France
UK
Spain
Rest of Europe

Key Players

The key players profiled in the Europe awnings market report include Commercial Awnings Limited, Gibus, Markilux Gmbh, Marquises, MHZ Hachtel Gmbh & Co. KG, Mitjavila, Shades-Awnings, Varisol, Warema Renkhoff Se, and Weinor.

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

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