Global Awnings Market Growth 2023-2029

Global Awnings Market Growth 2023-2029

An awning or overhang is a secondary covering attached to the exterior wall of a building. It is typically composed of canvas woven of acrylic, cotton or polyester yarn, or vinyl laminated to polyester fabric that is stretched tightly over a light structure of aluminium, iron or steel, possibly coot or transparent material (used to cover solar thermal panels in the summer, but that must allow as much light as possible in the winter). The configuration of this structure is something of a truss, space frame or planar frame. Awnings are also often constructed of aluminium understucture with aluminium sheeting. These aluminium awnings are often used when a fabric awning is not a practical application where snow load as well as wind loads may be a factor.

LPI (LP Information)' newest research report, the “Awnings Industry Forecast” looks at past sales and reviews total world Awnings sales in 2022, providing a comprehensive analysis by region and market sector of projected Awnings sales for 2023 through 2029. With Awnings sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Awnings industry.

This Insight Report provides a comprehensive analysis of the global Awnings landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Awnings portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Awnings market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Awnings and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Awnings.

The global Awnings market size is projected to grow from US$ 6025.7 million in 2022 to US$ 7742.8 million in 2029; it is expected to grow at a CAGR of 7742.8 from 2023 to 2029.

North America is a major market and will show high growth on account of high use in residential sector. In addition, the region is expected to witness substantial growth on account of rising textile industry mainly in the U.S. and Canada. Asia Pacific is expected to witness immense industry potential owing to growth in the construction industry, particularly in China, India, Australia, Singapore, Malaysia, Thailand, and Vietnam. Moreover, presence of numerous coated fabric manufacturing plants in the region is expected to spur market growth.

This report presents a comprehensive overview, market shares, and growth opportunities of Awnings market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Fixed Awnings
Slide Out Awnings
Roller Awnings
Retractable Awnings
Patio Awnings

Segmentation by application
Commercial
Residential

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
SunSetter Products
Kampa
SUNAIR Awnings
Advanced Design Awning & Sign
Awning Company of America
Carroll Awning
NuImage Awnings
KE Durasol
Eide Industries
Aristocrat
Rollup Awnings
Sunesta Retractable Awnings
Awntech
Reed Awning
Solarus USA
Thompson Awning Company
Craft-Bilt Awnings

Key Questions Addressed in this Report

What is the 10-year outlook for the global Awnings market?

What factors are driving Awnings market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Awnings market opportunities vary by end market size?

How does Awnings break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.