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The global Awnings market size was valued at USD 5735.57 Million in 2022 and will reach USD 8754.89 Million in 2028, with a CAGR of 7.3% during 2022-2028.
An awning is a piece of material which is attached to a building or caravan and provides shelter from the sun or rain. There are many varieties of different types of awnings available in the market depending upon the requirement of customer. Awnings offer numerous benefits for home and commercial space such as keeps cool in hot summer days, protecting from harmful effects of ultraviolet rays, helps to prevent carpets and furniture from fading, adds an outdoor room that can be virtually bug-free, protecting from the rain while sitting outside. Generally, awnings are made up of cotton, wood, canvas, and metal material.
In addition, awnings are an elegant yet practical investment for any home or business. Not only will they make a colorful, eye-catching accent on the house or commercial building, but they’ll also help reduce the energy bills by shielding the interior from solar heat gain. Blocking the sun’s rays keeps interior spaces more comfortable, too, and preserves the furnishings and flooring from UV-related fading and deterioration. Awnings can also create usable and enjoyable space outdoors by providing a protected area – usually on a deck or patio – that’s sheltered from the sun and rain.
Development of the construction industry
A rapidly advancing construction industry is a primary factor that is causing the market to experience rampant growth. This is mainly because the awning and canopy structures are not only considered as a good addition for protection against sun, rain, winds, and other natural elements, but also as an attractive aesthetic entity. Rising tourism in certain regions too has made the market gain extensive revenue. In this case, awnings and canopies are perfect choices for use in places usually thronged by tourists, such as hotels, beaches, cafes, and other outdoor structures.
Meanwhile, the global awnings market is expected to witness significant growth on account of increasing use in residential and commercial sector. Growing demand in shops, house, and hotels, owing to durability and unique design is expected to propel market expansion over the next six years. Rising disposable income coupled with urbanization is expected surge demand over the forecast period. Growing demand for awning in house, shops, and restaurant, hotels, due to its high durability and unique design are the major key factors expected to drive the revenue growth of the target market over the forecast years. In addition, rising per capita income level coupled with urbanization, increasing investments for the development of commercial spaces are some of the other factors expected to drive revenue growth of the target market.
Stiff competition
With major manufacturers and suppliers in the Awnings industry competing at globally, the intensity of competition within the Awnings industry has increased. The vendors adopt strategies like price premiums to stay competitive in the market. Meanwhile, the local vendors in developing nations are providing tough competition to the global players based on product pricing. The fierce competition is not conducive to the sustainable development of the industry. At the same time, small companies or small retailers enter the business consequently as venturing into a awnings business does not require immense capital or investment. However, this leads to the proliferation of sub-standard or duplicate products which then hampers the competitive scenario in the market as established awnings manufacturers are compelled to lower the price of their products, which ultimately impacts their profit margins and sales volumes. The fierce competition is not conducive to the sustainable development of the industry
Region Overview:
In 2022, the share of the Awnings market in North America stood at 38.21%.
Company Overview:
SunSetter Products is one of the major players operating in the Awnings market, holding a share of 2% in 2023.
SunSetter Products
SunSetter Products, makers of SunSetter Retractable Awnings (manual and motorized) is America's largest manufacturer of deck and patio awnings. The mission is to provide the highest quality awnings at the most economical prices, and to support customer, with the best service. Sunsetter Products manufactures deck and patio awnings. The Company offers oasis freestanding, window awnings, solar screens, flagpoles, awning accessories, patio lights, and backyard and outdoor living products.
Warema
Warema International GmbH manufactures roofing materials. The Company develops, produces, and offers sun shading and control systems. Warema International serves customers worldwide. An awning from WAREMA sets no boundaries whatsoever for clients’ design ideas and amazes with technical perfection and innovative ideas. They support even elaborate conservatory architecture with function and style: large fronts are effectively protected from the sun or prying eyes.
Segmentation Overview:
By type, Fixed Awning segment accounted for the largest share of market in 2022.
Application Overview:
By application, the Residential segment occupied the biggest share from 2018 to 2022.
The Awnings market report covers sufficient and comprehensive data on market introduction, segmentations, status and trends, opportunities and challenges, industry chain, competitive analysis, company profiles, and trade statistics, etc. It provides in-depth and all-scale analysis of each segment of types, applications, players, 5 major regions and sub-division of major countries, and sometimes end user, channel, technology, as well as other information individually tailored before order confirmation.
Meticulous research and analysis were conducted during the preparation process of the report. The qualitative and quantitative data were gained and verified through primary and secondary sources, which include but not limited to Magazines, Press Releases, Paid Databases, Maia Data Center, National Customs, Annual Reports, Public Databases, Expert interviews, etc. Besides, primary sources include extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs, and marketing executives, downstream distributors, as well as end-clients.
In this report, the historical period starts from 2018 to 2022, and the forecast period ranges from 2023 to 2028. The facts and data are demonstrated by tables, graphs, pie charts, and other pictorial representations, which enhances the effective visual representation and decision-making capabilities for business strategy.
Key Companies in the global Awnings market covered in Chapter 4:
KE Durasol
Awntech
Aristocrat
Awning Company of America
Rollup Awnings
Kampa
Carroll Awning
Thompson Awning Company
SUNAIR Awnings
Advanced Design Awning & Sign
Warema
Sunesta Retractable Awnings
Eide Industries
NuImage Awnings
SunSetter Products
In Chapter 12 and Chapter 14.1, on the basis of types, the Awnings market from 2018 to 2028 is primarily split into:
Fixed Awning
Retractable Awning
In Chapter 13 and Chapter 14.2, on the basis of the Downstream Industry, the Awnings market from 2018 to 2028 covers:
Commercial
Residential
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, history and forecast (2018-2028) of the following regions are covered in Chapters 6, 7, 8, 9, 10, 11, 15:
North America (United States, Canada, Mexico)
Europe (Germany, United Kingdom, France, Italy, Spain)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina)
Middle East & Africa (Saudi Arabia, UAE, South Africa)
Outline:
Chapter 1 begins with the Awnings market scope and definition, product segment introduction, global overall market size, as well as market dynamics scenarios such as opportunities, challenges, and industry development trends under inflation. It offers a high-level view of the current state of the Awnings market and its likely evolution in the short to mid-term and long term.
Chapter 2 provides Awnings industry chain analysis, covering raw materials analysis, cost structure, price estimate, and forecast, along with price-impacting factors, downstream channels, and major customers. It aims to help readers to grab insights into product upstream, midstream, and downstream fields.
Chapter 3 depicts Awnings industry competitive analysis regarding market concentration rate, saturation rate, feasibility analysis from new entrants, as well as substitute's status and trends. It indicates the developing space and prospects of the current industry.
Chapter 4 analyzes extensive company profiles, comprising company basic info, product or service profiles, and sales, price, value, gross, and gross margin 2018-2023. It incorporates the Awnings market ranking, benchmarks, and company business portfolio.
Chapter 5 presents trade statistics of import and export volume from 2018-2023, demonstrating domestic and international market comparisons in specific countries.
Chapters 6-10 highlight Awnings market status at the regional and country levels, including 5 major regions of North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The region and country list in the sample is only for reference, and it can be adjusted as required.
Chapter 11 involves geographical market figures of sales, value, market share, and growth rate. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of each specific region.
Chapters 12-13 evaluate the Awnings market based on different types and applications. It focuses on sales and value of 2018-2023 from both vertical and horizontal perspectives.
Chapters 14-15 elaborate on the Awnings market forecast data from 2023-2028, segmented by types and applications, regions, and major countries, helping readers to know future aspects and growth trends.
Chapter 16 ends with an elaboration of data sources and research methodology. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
2022
An awning is a piece of material which is attached to a building or caravan and provides shelter from the sun or rain. There are many varieties of different types of awnings available in the market depending upon the requirement of customer. Awnings offer numerous benefits for home and commercial space such as keeps cool in hot summer days, protecting from harmful effects of ultraviolet rays, helps to prevent carpets and furniture from fading, adds an outdoor room that can be virtually bug-free, protecting from the rain while sitting outside. Generally, awnings are made up of cotton, wood, canvas, and metal material.
In addition, awnings are an elegant yet practical investment for any home or business. Not only will they make a colorful, eye-catching accent on the house or commercial building, but they’ll also help reduce the energy bills by shielding the interior from solar heat gain. Blocking the sun’s rays keeps interior spaces more comfortable, too, and preserves the furnishings and flooring from UV-related fading and deterioration. Awnings can also create usable and enjoyable space outdoors by providing a protected area – usually on a deck or patio – that’s sheltered from the sun and rain.
Development of the construction industry
A rapidly advancing construction industry is a primary factor that is causing the market to experience rampant growth. This is mainly because the awning and canopy structures are not only considered as a good addition for protection against sun, rain, winds, and other natural elements, but also as an attractive aesthetic entity. Rising tourism in certain regions too has made the market gain extensive revenue. In this case, awnings and canopies are perfect choices for use in places usually thronged by tourists, such as hotels, beaches, cafes, and other outdoor structures.
Meanwhile, the global awnings market is expected to witness significant growth on account of increasing use in residential and commercial sector. Growing demand in shops, house, and hotels, owing to durability and unique design is expected to propel market expansion over the next six years. Rising disposable income coupled with urbanization is expected surge demand over the forecast period. Growing demand for awning in house, shops, and restaurant, hotels, due to its high durability and unique design are the major key factors expected to drive the revenue growth of the target market over the forecast years. In addition, rising per capita income level coupled with urbanization, increasing investments for the development of commercial spaces are some of the other factors expected to drive revenue growth of the target market.
Stiff competition
With major manufacturers and suppliers in the Awnings industry competing at globally, the intensity of competition within the Awnings industry has increased. The vendors adopt strategies like price premiums to stay competitive in the market. Meanwhile, the local vendors in developing nations are providing tough competition to the global players based on product pricing. The fierce competition is not conducive to the sustainable development of the industry. At the same time, small companies or small retailers enter the business consequently as venturing into a awnings business does not require immense capital or investment. However, this leads to the proliferation of sub-standard or duplicate products which then hampers the competitive scenario in the market as established awnings manufacturers are compelled to lower the price of their products, which ultimately impacts their profit margins and sales volumes. The fierce competition is not conducive to the sustainable development of the industry
Region Overview:
In 2022, the share of the Awnings market in North America stood at 38.21%.
Company Overview:
SunSetter Products is one of the major players operating in the Awnings market, holding a share of 2% in 2023.
SunSetter Products
SunSetter Products, makers of SunSetter Retractable Awnings (manual and motorized) is America's largest manufacturer of deck and patio awnings. The mission is to provide the highest quality awnings at the most economical prices, and to support customer, with the best service. Sunsetter Products manufactures deck and patio awnings. The Company offers oasis freestanding, window awnings, solar screens, flagpoles, awning accessories, patio lights, and backyard and outdoor living products.
Warema
Warema International GmbH manufactures roofing materials. The Company develops, produces, and offers sun shading and control systems. Warema International serves customers worldwide. An awning from WAREMA sets no boundaries whatsoever for clients’ design ideas and amazes with technical perfection and innovative ideas. They support even elaborate conservatory architecture with function and style: large fronts are effectively protected from the sun or prying eyes.
Segmentation Overview:
By type, Fixed Awning segment accounted for the largest share of market in 2022.
Application Overview:
By application, the Residential segment occupied the biggest share from 2018 to 2022.
The Awnings market report covers sufficient and comprehensive data on market introduction, segmentations, status and trends, opportunities and challenges, industry chain, competitive analysis, company profiles, and trade statistics, etc. It provides in-depth and all-scale analysis of each segment of types, applications, players, 5 major regions and sub-division of major countries, and sometimes end user, channel, technology, as well as other information individually tailored before order confirmation.
Meticulous research and analysis were conducted during the preparation process of the report. The qualitative and quantitative data were gained and verified through primary and secondary sources, which include but not limited to Magazines, Press Releases, Paid Databases, Maia Data Center, National Customs, Annual Reports, Public Databases, Expert interviews, etc. Besides, primary sources include extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs, and marketing executives, downstream distributors, as well as end-clients.
In this report, the historical period starts from 2018 to 2022, and the forecast period ranges from 2023 to 2028. The facts and data are demonstrated by tables, graphs, pie charts, and other pictorial representations, which enhances the effective visual representation and decision-making capabilities for business strategy.
Key Companies in the global Awnings market covered in Chapter 4:
KE Durasol
Awntech
Aristocrat
Awning Company of America
Rollup Awnings
Kampa
Carroll Awning
Thompson Awning Company
SUNAIR Awnings
Advanced Design Awning & Sign
Warema
Sunesta Retractable Awnings
Eide Industries
NuImage Awnings
SunSetter Products
In Chapter 12 and Chapter 14.1, on the basis of types, the Awnings market from 2018 to 2028 is primarily split into:
Fixed Awning
Retractable Awning
In Chapter 13 and Chapter 14.2, on the basis of the Downstream Industry, the Awnings market from 2018 to 2028 covers:
Commercial
Residential
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, history and forecast (2018-2028) of the following regions are covered in Chapters 6, 7, 8, 9, 10, 11, 15:
North America (United States, Canada, Mexico)
Europe (Germany, United Kingdom, France, Italy, Spain)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina)
Middle East & Africa (Saudi Arabia, UAE, South Africa)
Outline:
Chapter 1 begins with the Awnings market scope and definition, product segment introduction, global overall market size, as well as market dynamics scenarios such as opportunities, challenges, and industry development trends under inflation. It offers a high-level view of the current state of the Awnings market and its likely evolution in the short to mid-term and long term.
Chapter 2 provides Awnings industry chain analysis, covering raw materials analysis, cost structure, price estimate, and forecast, along with price-impacting factors, downstream channels, and major customers. It aims to help readers to grab insights into product upstream, midstream, and downstream fields.
Chapter 3 depicts Awnings industry competitive analysis regarding market concentration rate, saturation rate, feasibility analysis from new entrants, as well as substitute's status and trends. It indicates the developing space and prospects of the current industry.
Chapter 4 analyzes extensive company profiles, comprising company basic info, product or service profiles, and sales, price, value, gross, and gross margin 2018-2023. It incorporates the Awnings market ranking, benchmarks, and company business portfolio.
Chapter 5 presents trade statistics of import and export volume from 2018-2023, demonstrating domestic and international market comparisons in specific countries.
Chapters 6-10 highlight Awnings market status at the regional and country levels, including 5 major regions of North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The region and country list in the sample is only for reference, and it can be adjusted as required.
Chapter 11 involves geographical market figures of sales, value, market share, and growth rate. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of each specific region.
Chapters 12-13 evaluate the Awnings market based on different types and applications. It focuses on sales and value of 2018-2023 from both vertical and horizontal perspectives.
Chapters 14-15 elaborate on the Awnings market forecast data from 2023-2028, segmented by types and applications, regions, and major countries, helping readers to know future aspects and growth trends.
Chapter 16 ends with an elaboration of data sources and research methodology. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
