The ‘Global Awning Market’ report, published by Reports and Data, is a comprehensive analysis of the global Awning market, which includes pain-staking research on the industry growth rate during both the historical and forecast periods.
The Awning Market is forecasted to grow from USD 6.85 Billion in 2018 to USD 11.95 Billion by 2026, at a CAGR of 6.9% during the forecast period. The market is primarily driven by the increase in people’s inclination to embellish residential and commercial establishments and advances in fabric materials.
Awnings are sheets of fabric or other materials supported by an aluminium, iron, or wood structure. They can be deployed to provide shade at the door, window, patio, and gardens. They have numerous applications that both in the commercial and residential sectors prove beneficial.
Factors like expanded living space and sun protection, advances in fabric material, and luxury building embellishment drive market growth. Furthermore, smart awnings with sensors are expected to propel the growth of the global awning industry in stormy or rainy weather.
It is expected that high capital costs coupled with the need for skilled human resources will hamper the entry of new market entrants that is expected to impact growth over the forecast period.
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Key companies analyzed in the report include:
Advanced Design Awning Sign (US), Carroll Awning (US), Awning Company of America (US), KE Durasol (US), Eide Industries (US), NuImage Awnings (US), Marygrove Awning (US), Sunesta (US), Sunair Awnings (US), and Sunsetter Products (US).
Type (Kilo Tons) (Revenue, USD Million; 2016-2026)
- Fixed
- Retractable
- Freestanding Awning
End User (Kilo Tons) (Revenue, USD Million; 2016-2026)
- Residential
- Commercial
To know more about the Awning market @ https://www.reportsanddata.com/report-detail/awning-market
Regional analysis section covers assessment of key geographical regions of the world where the market has already established its presence. Key region analyzed in the report include North America, Europe, Asia Pacific, Latin America, and Middle East Africa. The report analyzes on the basis of production and consumptions, import/export, supply and demand, product developments, presence of key players in each region, their strategic initiatives, consumer demands, current and emerging trends, and other macro- and micro-economic factors affecting the growth of the market in the region.
Regional analysis covers:
- North America (U.S.A., Canada, Mexico)
- Europe (U.K., Italy, Germany, France, Rest of Europe)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Answered by the Report:
- What are the key market trends influencing the growth of the Awning market?
- Who are the prominent players of the Awning market?
- What is the impact of the COVID-19 pandemic on the Awning market?
- What are the key growth driving and restraining of the Awning market?
- What are the strengths and weaknesses of the prominent players of the Awning market?
- What are the key outcomes of the SWOT analysis and Porter’s Five Forces analysis?
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