Awning Market 2020: Set to witness adamant growth with Top Key Players Advanced Design Awning & Sign (US), Carroll Awning (US), etc.

Market Size – USD 6.85 Billion in 2018, Market Growth - CAGR of 6.9%, Market Trends –Increase in disposable income and urbanization are expected to increase demand over the forecast period.

The Awning Market is forecasted to grow from USD 6.85 Billion in 2018 to USD 11.95 Billion by 2026, at a CAGR of 6.9% during the forecast period. The market is primarily driven by the increase in people’s inclination to embellish residential and commercial establishments and advances in fabric materials.

Awnings are sheets of fabric or other materials supported by an aluminium, iron, or wood structure. They can be deployed to provide shade at the door, window, patio, and gardens. They have numerous applications that both in the commercial and residential sectors prove beneficial.

Factors like expanded living space and sun protection, advances in fabric material, and luxury building embellishment drive market growth. Furthermore, smart awnings with sensors are expected to propel the growth of the global awning industry in stormy or rainy weather.

It is expected that high capital costs coupled with the need for skilled human resources will hamper the entry of new market entrants that is expected to impact growth over the forecast period.

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The global Awning market research report is an investigative study that includes accurate market insights, crucial market facts, and key statistical information to offer clear picture of the Awning market to readers, clients, industry professionals, stakeholders, and businesses.

The market research report offers a thorough assessment of the key companies operating in the market and provides a comprehensive overview of their company overview, product portfolio, manufacturing and production capacity, R&D activities, gross profit, global market position, financial standing, sales network and distribution channels, and product developments. It also provides exhaustive analysis of the recent strategic alliances such mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, and agreements, among others.

Key companies analyzed in the report include:

Advanced Design Awning & Sign (US), Carroll Awning (US), Awning Company of America (US), KE Durasol (US), Eide Industries (US), NuImage Awnings (US), Marygrove Awning (US), Sunesta (US), Sunair Awnings (US), and Sunsetter Products (US).

Type (Kilo Tons) (Revenue, USD Million; 2016-2026)

Fixed
Retractable
Freestanding Awning

End User (Kilo Tons) (Revenue, USD Million; 2016-2026)

Residential
Commercial

To know more about the Awning market @ https://www.reportsanddata.com/report-detail/awning-market

Regional analysis section covers assessment of key geographical regions of the world where the market has already established its presence. Key region analyzed in the report include North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report analyzes on the basis of production and consumptions, import/export, supply and demand, product developments, presence of key players in each region, their strategic initiatives, consumer demands, current and emerging trends, and other macro- and micro-economic factors affecting the growth of the market in the region.

Regional analysis covers:

North America (U.S.A., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of Europe)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Further key findings from the report suggest

The Awning Market is forecast to grow from USD 6.85 Billion in 2018 to USD 11.95 Billion by 2026, at a CAGR of 6.9% during the forecast period. The market is primarily driven by the increase in people’s inclination to embellish residential and commercial establishments and advances in fabric materials.
The market for retractable awning is expected to grow the largest at USD 5.26 Billion in 2026, at a CAGR of 7.2% during the forecast period because of its unique motorized technology and increased demand across high-end residential and commercial sectors. High demand for retractable type due to protection from harsh sunshine, glare and interior fading is expected to increase the market penetration over the forecast period.
Based on product type, the market for patio is expected to grow the largest at USD 4.54 Billion in 2026, at a CAGR of 7.6% during the forecast period. Due to the growing demand in the residential sector and in commercial resorts, patio awnings are expected to dominate the market.
The market for residential sector is expected to reach USD 7.70 Billion in 2026, at a CAGR of 7.9% during the forecast period. Growing residential construction industry is expected to drive demand over the forecast period, coupled with growing consumer preference for outdoor decks and seating areas.

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