Awnings

Awnings

Global Awnings Market to Reach US$11.5 Billion by 2030

The global market for Awnings estimated at US$8.9 Billion in the year 2023, is expected to reach US$11.5 Billion by 2030, growing at a CAGR of 3.8% over the analysis period 2023-2030. Retractable Awnings, one of the segments analyzed in the report, is expected to record a 4.7% CAGR and reach US$6.7 Billion by the end of the analysis period. Growth in the Fixed Awnings segment is estimated at 2.5% CAGR over the analysis period.

The U.S. Market is Estimated at US$2.4 Billion While China is Forecast to Grow at 7.3% CAGR

The Awnings market in the U.S. is estimated at US$2.4 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.4 Billion by the year 2030 trailing a CAGR of 7.3% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.2% and 2.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.0% CAGR.

Global Awnings Market - Key Trends & Drivers Summarized

How Are Awnings Enhancing Residential and Commercial Spaces?

Awnings are gaining popularity in both residential and commercial settings for their ability to provide shade, reduce energy costs, and enhance aesthetic appeal. In homes, awnings are often used to cover patios, windows, and entryways, offering protection from sun and rain while creating comfortable outdoor spaces. In commercial spaces, such as restaurants and hotels, awnings are valued for their branding potential and ability to create welcoming outdoor seating areas. With a focus on energy efficiency and outdoor living, awnings are a growing segment in both building design and exterior décor.

What Technological Advancements Are Transforming Awnings?

Innovations in materials and automation are redefining the awning market, making products more durable, versatile, and user-friendly. Modern awnings are crafted from weather-resistant, UV-protective fabrics that ensure longevity and color retention. Additionally, motorized and retractable awnings with remote control and smart home compatibility are becoming increasingly popular, allowing users to adjust awnings with ease. Wind and sun sensors are also being incorporated, automatically retracting awnings in adverse weather to prevent damage. These technological advancements make awnings a practical and attractive choice for property owners seeking convenience and longevity.

Why Are Energy Efficiency and Sustainability Key in the Awnings Market?

Energy efficiency and sustainability are driving trends in the awning market as consumers look for solutions that reduce energy usage and environmental impact. Awnings help reduce indoor temperatures by blocking sunlight, leading to lower air conditioning costs. Eco-friendly materials, such as recycled fabrics and low-VOC coatings, are also being utilized to minimize environmental impact. These sustainable options appeal to consumers who are environmentally conscious and seek energy-efficient solutions, making awnings a popular choice for eco-friendly home and building upgrades.

The Growth in the Awnings Market Is Driven by Several Factors

The awnings market is expanding due to demand for energy-saving solutions, technological advancements, and a preference for outdoor living spaces. Rising awareness of energy efficiency is driving demand for awnings that reduce cooling costs, while automation features add convenience and appeal to tech-savvy consumers. Additionally, the trend toward creating comfortable outdoor spaces is fueling adoption in residential and commercial settings. Sustainability concerns are further pushing growth, as eco-friendly materials and energy-efficient designs align with consumer preferences. These factors collectively contribute to the strong growth trajectory of the awnings market.

SCOPE OF STUDY:

The report analyzes the Awnings market in terms of US$ Million by the following End-Use; Product Type; Type, and Geographic Regions/Countries:

Segments:
Type (Retractable Awnings, Fixed Awnings); Product Type (Patio Awnings, Freestanding Awnings, Window Awnings, Other Products); End-Use (Commercial End-Use, Residential End-Use)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Select Competitors (Total 54 Featured) -

• A&A Awnings & Storm Shutters
• Accent Awning Company
• Advanced Design Awnings and Signs
• Awning Company of America, Inc.
• Awning Global Private Limited
• Awnings & Signs Unlimited
• Carroll Architectural Shade
• Eide Industries Inc.
• Global Awnings
• LSS Lewens Sonnenschutz-Systeme GmbH & Co. KG

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