Global Awnings Market 2024-2028

Global Awnings Market 2024-2028

Awnings Market 2024-2028

The awnings market is forecasted to grow by USD 2325.7 mn during 2023-2028, accelerating at a CAGR of 5.1% during the forecast period. The report on the awnings market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing home improvement market, increasing domestic manufacturing of awnings in emerging economies, and technological innovations and product line extensions leading to product premiumization.

Technavio's awnings market is segmented as below:

By Type

• Fixed
• Retractable

By Geographical Landscape

• North America
• Europe
• APAC
• South America
• Middle East and Africa

This study identifies the high online penetration as one of the prime reasons driving the awnings market growth during the next few years. Also, growth in tourism industry and increasing number of full-service restaurants (FSRs), quick-service restaurants (QSRs), bars, and pubs will lead to sizable demand in the market.

The report on the awnings market covers the following areas:

• Awnings Market sizing
• Awnings Market forecast
• Awnings Market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading awnings market vendors that include A and A Awnings and Storm Shutters, Advanced Design Awnings and Signs, Awning Company of America Inc., Carroll Architectural Shade, Eide Industries Inc., Global Awning Accessories Aust Pty Ltd, GS World, KE USA Inc., Luxaflex, Marygrove Awning Co., NuImage Awnings, Orion Blinds, RR Production, Springs Window Fashions LLC, Sunair Awnings, Sunesta Products, The Awning Factory, Thompson Awning Co., and Torbay Blinds Ltd.. Also, the awnings market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.