Awning Market Overview, Trends, Opportunities, Growth and Forecast by 2021-26

According to IMARC Group’s latest report, titled “Awning Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global awning market reached a value of US$ XX Billion in 2020. Awning refers to an architectural fabric utilized for weather protection and decoration purposes. It comprises a lightweight framed structure produced using aluminum, wood, iron, etc., attached to a hood and cover. Awning is available in numerous variants, including sun, vertical, foldable, retractable, etc. It is used over doors, windows, patios, gardens, etc., to enhance the architectural design and coloring. Awing is primarily manufactured using cotton, wood, canvas, metallic materials, etc. These fabrics help in reducing exposure to ultraviolet (UV) rays and in preventing carpets and furniture from fading. As a result, they are widely used across several residential, commercial, and industrial complexes, including retail outlets, hotels, restaurants, sports, etc. 

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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

The expanding construction industry across the globe is primarily driving the awning market. Furthermore, the rising consumer preferences towards enhanced living spaces and the beautification of luxurious buildings are propelling the market growth. Besides this, aluminum awnings are widely utilized as protective coverings due to their cost-efficiency, flexibility, durability, energy efficiency, and low maintenance qualities, which are further bolstering the product demand. Moreover, the increasing popularity of adjustable motorized awnings with recyclable and sustainable fabric materials is also augmenting the market growth. In the coming years, the growing expenditure capacities of the consumers and the escalating number of infrastructural development activities are expected to fuel the global awning market. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2021-2026.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Competitive Landscape:

·         Advanced Design Awnings & Signs

·         Awning Company of America Inc

·         Carroll Architectural Shade

·         Eide Industries Inc.

·         KE Durasol Awnings Inc.

·         Marygrove Awnings

·         NuImage Awnings

·         Sunair Awnings

·         Sunesta

·         SunSetter Products

·         Thompson Awning

Market Segmentation:

Breakup by Type:

·      Fixed Awning

·      Retractable Awning

o   Manual

o   Motorized
 

Breakup by Product:

·      Patio

·      Window

·      Freestanding

·      Others
 

Breakup by End User:

·      Commercial

·      Residential

Breakup by Region:

·      North America (United States, Canada)

·      Europe (Germany, France, United Kingdom, Italy, Spain, Others)

·      Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)

·      Latin America (Brazil, Mexico, Others)

·      Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

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Key highlights of the report:                                                    

• Market Performance (2015-2020)
• Market Outlook (2021-2026)
• Market Trends
• Market Drivers and Success Factors
• The Impact of COVID-19 on the Global Market
• Value Chain Analysis
• Structure of the Global Market
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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