NEW YORK, January 12, 2022 / PRNewswire / – Awning Market Expected to Grow $ 2.50 billion from 2021 to 2026. The market growth momentum will accelerate at a CAGR of 5.47%. This Technavio report has been segmented by Type (Fixed & Retractable) and Geography (North America, Europe, APAC, South America, and MEA).

Attractive Opportunities in Awning Market by Type and Geography – Forecast and Analysis 2022-2026

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Drivers and challenges
The blinds market is driven by growing home improvement market. Consumers demand more comfortable living spaces with an improved standard of living. This made home improvement and decorating a top priority. Additionally, due to increasing globalization, many manufacturers are expanding their presence globally to promote innovations in home improvement products and gain the attention of retailers and consumers. In addition, the increase in the spending capacity of the millennial population for home improvement is expected to drive the growth of the global awning market during the forecast period.

the increased use of blinds and shades in windows is a key issue for the growth of the blinds market. Awnings are used to install in windows, doors and patios to protect and provide shade from heat and rain. However, blinds and blinds are seen as possible substitutes. This is expected to hamper the sales of blinds and impact the growth of the blinds market during the forecast period. Additionally, these substitutes do not require separate components such as window awnings, reducing the need for skilled labor for installation. Thus, the increasing demand for awnings and blinds is expected to create a threat for sellers in the awning market.

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The main awning companies and their offers:

  • Advanced design awnings and signs – The company offers awnings with metallic surfaces which are used as an alternative to fabric awnings when the graphics, softness and appearance of fabric awnings are not required.

  • Awning Company of America Inc. – The company offers canvas awnings available in eye-catching colors, patterns and fabric selections.

  • Eide Industries Inc. – The company offers a wide range of retractable awnings.

  • KE United States Inc. – The company offers a wide range of retractable awnings such as retractable shade awnings and retractable shade system.

  • Marygrove Awning Co. – The company offers metal awnings that use substructures with durable finishes and are available in a variety of different widths, thicknesses and colors.

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Awnings Market Type Outlook (Revenue, USD Billion, 2021-2026)

Geographic Outlook of Awnings Market (Revenue, USD Billion, 2021-2026)

  • North America – size and forecast 2021-2026

  • Europe – size and forecast 2021-2026

  • APAC – size and forecast 2021-2026

  • South America – size and forecast 2021-2026

  • MEA – size and forecast 2021-2026

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Associated reports:

  • Facades Market by End User and Geography – Forecast and Analysis 2021-2025: The facade market share is expected to increase by $ 82.17 billion from 2020 to 2025 at a CAGR of 6.40%. Download a free sample report

  • Composite Materials Market by Fiber Type and Geography – Forecast and Analysis 2021-2025: The composite materials market has the potential to grow by $ 29.24 billion from 2020 to 2025, and the market growth momentum will accelerate at a CAGR of 5.68%. Download a free sample report

Scope of the awning market

Cover of the report

Details

Page number

120

Year of reference

2021

Forecast period

2022-2026

Growth dynamics and CAGR

Accelerate to a CAGR of 5.47%

Market growth 2022-2026

$ 2.50 billion

Market structure

Fragmented

Annual growth (%)

5.24

Regional analysis

North America, Europe, APAC, South America and MEA

Efficient contribution to the market

Europe at 33%

Main consumer countries

United States, China, Germany, United Kingdom and France

Competitive landscape

Leading companies, Competitive strategies, Scope of consumer engagement

Key companies profiled

Advanced Design Awnings & Signs, Awning Company of America Inc., Carroll Architectural Shade, Eide Industries Inc., KE USA Inc., Marygrove Awning Co., NuImage Awnings, Springs Window Fashions LLC, Sunair Awnings and Sunesta Products

Market dynamics

Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast and Slow Growing Segments, Analysis of COVID-19 Impact and Recovery, and Future Consumer Dynamics, Analysis of Market Status for the forecast period

Customization

If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

About Technavio
Technavio is one of the world’s leading technology research and consulting companies. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions.

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