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 2023
As per a detailed analysis by Market Research Future (MRFR), the global awnings market is predicted to garner USD 10 billion, demonstrating a CAGR of 5.8% during the forecast period (2018-2023). Awnings are extensively used as sunshades in outdoor places, which include windows, doors, and patios. It is considered a secondary covering which is attached to the exterior of a building or a wall. Awnings are composed of cotton or polyester yarn, canvas woven of acrylic, or vinyl laminated to polyester fabric.
Market Potential and Pitfalls
The awnings market is experiencing a sturdy growth rate during the appraisal period. The market’s growth is chiefly directed by the surging use in the commercial as well as in the residential sector. The increasing demand for awnings from commercial spaces like hotels, shops, and residential spaces. The exclusive design and durability of awnings are predicted to trigger its demand in the global market. Awnings offer multiple advantages both in outdoor as well as indoor construction depending on the type of raw material used. They are highly used to protect the window frames, wood doors, and door casings from an impairment, which is generally caused due to moisture and rain, and also prevents rain from leakage inside. The use of awnings also reduces direct heat from the sun, thereby reducing the energy cost in the summer. Such factors are considered to contribute to the growth of the market. Moreover, the aesthetic appeal offered by awnings has further widened the scope in residential as well as non-residential construction. The plummeting demand for aluminum awnings in decorative, commercial window, door, and residential purposes will propel its growth. The lightweight and low maintenance of aluminum awnings will further widen the scope for awnings market across the globe.
On the contrary, the fluctuation in the price of raw materials is anticipated to curb the growth of the market in the foreseeable future. The prevalence of several regulations, in terms of restrictions related to the sizes will restrict the market growth in the coming years.
Global Awnings Market: Segmental Analysis
The awnings market is segmented into product, type, and end-user.
By mode of type, the awnings market is segmented into retractable and fixed. Among these, the retractable awnings are leading the global market as they are extensively used to protect the outdoor constructed areas from the rays of the sun while improving the efficiency of the HVAC system. The retractable awnings also provide longer lifespan compared to the fixed ones. Such factors are likely to influence the growth of the segment.
Based on type, the awnings market comprises a window, patio, freestanding, and others. Among these, the patio segment showcases the maximum contribution to the global market. The segment will demonstrate a significant growth rate in the coming years due to the surging installation of the retractable awnings in the residential as well as non-residential sectors. The patio is also preferred for occasions like gatherings, parties, and others, which is estimated to propel the segment’s growth.
The end-users segment is bifurcated into residential and non-residential. Among these, the residential segment will experience the fastest growth in the coming years. The surging spending by domestic and foreign developers on several residential projects is likely to influence the segment’s growth.
Regional Frontiers
Geographically, the awnings market span across Europe, North America, Asia Pacific, and the Rest-of-the-World (RoW).
Considering the global scenario, the Asia Pacific region is likely to acquire the lion’s share due to the surging investments in R&D activities for advanced materials. APAC has also experienced a rising number of awning installation with the augmenting number of construction projects in residential as well as commercial construction in India and China. Such factors are likely to elevate scope for awnings market in the regional market. The boom in the construction sector, especially in Malaysia, China, India, Australia, Vietnam, and Thailand is highly influencing the market’s growth. Also, the existence of multiple coated fabric manufacturing plants is impacting the regional market’s growth positively.
The North American region occupies a significant share in the global market due to surging private construction along with the benefits like energy savings, reduced costs, and durability associated with the installation of awnings. The rapid growth in the residential sector, where awnings might be set up is fueling the growth of the regional market.
Industry Updates
February 22, 2019: Outwell has recently launched all-new inflatable motorhome awnings. The inflatable awning consists of windows on all the three sides, with an entire front panel which can be partially unzipped or removed. The inflatable system also includes height adjustment for legs, adaptable roof tubes to lower the gaps between the motorhome and awning, and one location to pump air into all tubes.
Competitive Dashboard
The top players operating in the global awnings market comprises Eide Industries, Inc. (the US), Advanced Design Awnings & Signs (US), Sunesta (US), Awning Company of America, Inc. (the US), Nuimage Awnings (US), Carroll Awning Co., Inc. (the US), Marygrove Awnings (US), Sunsetter Products LP (US), and KE Durasol Awnings Inc. (US).
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The global Recreational Vehicle Awnings Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2021-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the recreational vehicle awnings market includes American RV Company, Carefree of Colorado, Dometic Group AB (PUBL), Duncan Systems, Inc., Fiamma, Inc., Girard RV Awnings - Girard Systems Inc., JC Whitney, Lippert Components, Inc., RV Awnings Online, RV Parts Country, Shade Pro Inc. and Stone Vos LLC.
An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Recreational Vehicle Awnings Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/recreational-vehicle-awnings-market/download-sampleMarket DynamicsThe increasing sales of RV in the US coupled with innovations in RV in order to enhance the comfort of passengers are driving market growth.
On the other hand, the high cost associated with the recreational vehicle may restrict market growth.
Whereas, the rising affinity of consumers across the globe for outdoor recreational activities, including camping, is expected to fuel market growth over the forecast period.This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis.
Factors responsible for sustained market growth in the North America awnings market include development of remote control assistance, integration of various sun and wind sensors, and products innovation.
Regionally, the North America awnings industry is predicted to grow at higher CAGR in the forecast period, providing numerous opportunities for market players to invest in research and development for the awnings industry.Increasing adoption of the stationary awnings for various commercial applications and growing demand form hotels, resorts, and retail stores for low cost and high strength stationary awnings, are expected to drive the growth of North America awnings market over the forecast period.
Additionally, vast competition in the market has led to development of innovative products, thereby propelling market growth, in the recent years.
The recent advancement in buildings & construction sector coupled with development of the novel products are anticipated to foster market expansion over the forecast period.However, higher initial cost and lack of availability of skilled labor force are some of the major challenges for sustained growth.
Easy induction of stable fabric and heavy-metal awnings for doors and frames is projected to favor market growth in the upcoming years.
Numerous application of awnings for retail store, hotels, restaurants, and cafés are expected to offer lucrative growth opportunities industry players in years to come.The North America awnings industry is broadly categorized into two major segments based on the products types such as retractable segment and stationary metal segment.
Anesthesia vaporizer is an important part of the anesthesia machine; it not only marks the level of quality of anesthesia machines, also related to patient safety.
Anesthetic vaporizer includes Sevofrane and Isoflurane on the base of classification, which represent 28% and 24% of global anesthetic vaporizer market.
Download a Free Sample Report @ https://www.radiantinsights.com/research/global-awnings-market-research-report-2019-2023/request-sample Global anesthetic vaporizer market is projected to reach $ 817 Million by 2019, with a GAGR of 4.5% from 2015, and Asia will have a big dynamic momentum on the market growth.
Awnings Report by Material, and Geography - Global Forecast to 2023 is a professional and comprehensive research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, United Kingdom, Japan, South Korea and China).
Then it analyzed the world's main region market conditions, including the product price, profit, capacity, production, supply, demand and market growth rate and forecast etc.
Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/global-awnings-market-research-report-2019-2023 Table of Contents Part I Awnings Industry Overview Chapter One Awnings Industry Overview 1.1 Awnings Definition 1.2 Awnings Classification Analysis 1.2.1 Awnings Main Classification Analysis 1.2.2 Awnings Main Classification Share Analysis 1.3 Awnings Application Analysis 1.3.1 Awnings Main Application Analysis 1.3.2 Awnings Main Application Share Analysis 1.4 Awnings Industry Chain Structure Analysis 1.5 Awnings Industry Development Overview 1.5.1 Awnings Product History Development Overview 1.5.1 Awnings Product Market Development Overview 1.6 Awnings Global Market Comparison Analysis 1.6.1 Awnings Global Import Market Analysis 1.6.2 Awnings Global Export Market Analysis 1.6.3 Awnings Global Main Region Market Analysis 1.6.4 Awnings Global Market Comparison Analysis 1.6.5 Awnings Global Market Development Trend Analysis Chapter Two Awnings Up and Down Stream Industry Analysis 2.1 Upstream Raw Materials Analysis 2.1.1 Proportion of Manufacturing Cost 2.1.2 Manufacturing Cost Structure of Awnings Analysis 2.2 Down Stream Market Analysis 2.2.1 Down Stream Market Analysis 2.2.2 Down Stream Demand Analysis 2.2.3 Down Stream Market Trend Analysis Part II Asia Awnings Industry (The Report Company Including the Below Listed But Not All) Chapter Three Asia Awnings Market Analysis 3.1 Asia Awnings Product Development History 3.2 Asia Awnings Competitive Landscape Analysis 3.3 Asia Awnings Market Development Trend Chapter Four 2014-2019 Asia Awnings Productions Supply Sales Demand Market Status and Forecast 4.1 2014-2019 Awnings Production Overview 4.2 2014-2019 Awnings Production Market Share Analysis 4.3 2014-2019 Awnings Demand Overview 4.4 2014-2019 Awnings Supply Demand and Shortage 4.5 2014-2019 Awnings Import Export Consumption 4.6 2014-2019 Awnings Cost Price Production Value Gross Margin .
Fact.MR’s Report on Global Retractable Awnings MarketWith sales of retractable awnings to remain concentrated in Asia Pacific excluding Japan (APEJ), significant opportunities lie in developed economies of Europe and North America.
A new report by Fact.MR compiles the sales and demand scenario of retractable awnings across key regions in the globe.
According to the research report, global sales of retractable awnings is expected to surpass US$ 11 Bn by end of the year of assessment (2028), with significant demand for retractable awnings in residential and the commercial sector worldwide..The retractable awnings market study outlines the key regions – North America, Latin America, Europe and APEJ – along with the countries contributing the most in the respective regions.
The report presents detailed insights about each market player, including SWOT analysis, main market information, market share, revenue, pricing and gross margin.
Prominent players covered in this research are Thule Group, Stobag, SunSetter Awnings, Markilux, Thompson Awnings Company, Eclipse Awning System LLC, Awntech Corporation, Niantic Awning Company, Eastern Awning Systems and SunAIR Awnings & Solar Screens.The retractable awnings market report addresses the below-mentioned queries:Why are vendors shifting away from traditional methods of manufacturing retractable awnings market?How does the global retractable awnings market looks like in the next five years?Which end use industry is expected to surpass segment by the end of 2028?What innovative products are being introduced by the players in the global retractable awnings market?Which regions are showing the fastest market growth?Request for the Sample of the Report: https://www.factmr.com/connectus/sample?flag=S_id=901Increasing preference for home renovations and remodeling continue to drive the demand for retractable awnings, given the large influence of growing purchasing power parity with steady increase in GDP per capita worldwide.
Moreover, in the era of automation, manufacturers are enhancing their products to cater to consumer convenience along with higher efficiency and retractable awnings are no exception.North America region is projected to reflect substantial growth opportunities for retractable awnings, with United States being a major contributor with respect to demand and sales for the product.
