Summary
Awnings Market Research Report Information by Type (Fixed, And Retractable), By Product (Patio, Window, Freestanding, Other Awnings), By End User (Residential, Non-Residential), and by Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) Market Forecast Till 2032
Overview of the Market
The market for awnings worldwide is expected to increase at a strong Compound Annual Growth Rate (CAGR) of 6.62% over the course of the forecast period. The market was assessed to be worth USD 9,108.35 million in 2023 and is expected to grow to a significant value of USD 15,997.44 million by the end of the 2024–2032 forecast period.
Increasing Demand from Residential and Commercial Spaces to Support Market Demand and Growing Energy Efficiency and Environmental Consciousness Issues The global awnings market is being driven by driver impact analysis and fueling growth in the awning market.
Awnings are becoming more convenient, effective, and appealing to contemporary consumers because to technological improvements in the market.
Perspectives on Market Segments
The Awnings Market has been divided into two segments based on type: Fixed and Retractable. While the Retractable category is anticipated to increase at the quickest rate throughout the forecast period, the Fixed segment led the global market in 2024. Fixed awnings are long-term additions to buildings that offer reliable shade and weather protection.
Personalization and visual appeal are becoming more and more significant. Customers are searching for awnings that improve their buildings' aesthetic appeal in addition to offering usefulness. This covers a wide range of hues, designs, and patterns.
The market is divided into the following segments based on product: Patio, Window, Freestanding, and Others.
The market is divided into two segments based on the end user: residential and plant based.
Regional Perspectives
By Area, Global Awnings is divided into the following regions: North America, Europe, Asia-Pacific, Middle East & Africa, and South America. In 2024, the highest market share was held by the Europe Awnings market, and throughout the study period, APAC is anticipated to show notable CAGR growth. With major contributions from nations like Germany, France, Italy, and the UK, Europe is another important awning market. The need for awnings is driven by customer preferences, energy-saving regulations, and architectural styles in the area. Energy usage and building efficiency are subject to strict rules in Europe.
Because they complement the larger movement towards green building techniques, awnings composed of recyclable or sustainable materials are becoming more and more popular. European buyers frequently look for adaptable, beautiful awning designs that blend well with the architectural elements of their houses. In cities, expensive, designer awnings with elaborate designs or simple designs are very common.
Rapid urbanization, a growing middle class, and an increase in construction activity are making the APAC region—which includes nations like China, India, Japan, and Australia—a major market for awnings. Awnings and other architectural enhancements are in high demand because to the rapid urbanization that has sparked a boom in residential and commercial building, especially in China and India.
Key Players
Among the leading companies in the market are KE DURASOL AWNINGS INC., SUNAIR AWNINGS, RAD GLOBAL (P) LIMITED | HIPPO PLAST, SUNESTA, SUNSETTER PRODUCTS, NUIMAGE AWNINGS, CARROLL AWNING COMPANY, MARYGROVE AWNINGS, Eide Industries, Inc., Awning Company of America, Inc., and others.
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Table of Contents
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY ............................................................................................................... 16
2 MARKET INTRODUCTION ............................................................................................................ 18
2.1 DEFINITION .................................................................................................................................................................. 18
2.2 SCOPE OF THE STUDY .............................................................................................................................................. 18
2.3 RESEARCH OBJECTIVE ............................................................................................................................................ 18
2.4 MARKET STRUCTURE .............................................................................................................................................. 19
3 RESEARCH METHODOLOGY ...................................................................................................... 20
3.1 OVERVIEW .................................................................................................................................................................... 20
3.2 DATA FLOW .................................................................................................................................................................. 21
3.2.1 Data Mining Process ....................................................................................................................................... 22
3.3 PURCHASED DATABASE: ......................................................................................................................................... 23
3.4 SECONDARY SOURCES: ............................................................................................................................................ 24
3.4.1 Secondary Research data flow: ........................................................................................................................ 24
3.5 PRIMARY RESEARCH: ............................................................................................................................................... 25
3.5.1 Primary Research DATA FLOW: ....................................................................................................................... 26
3.5.2 Primary Research: Number of Interviews conducted…………………….27
3.5.3 Primary Research: Regional Coverage ............................................................................................................. 27
3.6 APPROACHES FOR MARKET SIZE ESTIMATION: ........................................................................................... 28
3.6.1 Revenue Analysis Approach ............................................................................................................................ 28
3.7 DATA FORECASTING................................................................................................................................................. 29
3.7.1 Data forecasting Technique ............................................................................................................................ 29
3.8 DATA MODELING ........................................................................................................................................................ 30
3.8.1 microeconomic factor analysis: ....................................................................................................................... 30
3.8.2 Data modeling: ............................................................................................................................................... 31
3.9 TEAMS AND ANALYST CONTRIBUTION ........................................................................................................... 32
4 MARKET DYNAMICS .................................................................................................................... 33
4.1 INTRODUCTION ........................................................................................................................................................... 33
4.2 DRIVERS ......................................................................................................................................................................... 34
4.2.1 Growing Demand From Commercial And Residential Spaces To Fuel Market Demand ........................................ 34
4.2.2 Rising Environmental Consciousness and Energy Efficiency Concerns Fueling Growth in Awning Market ............. 34
4.2.3 Driver impact Analysis .................................................................................................................................... 35
4.3 RESTRAINTS ................................................................................................................................................................ 35
4.3.1 High Cost And Weather Vulnerability Impact Market Growth ............................................................................. 35
4.3.2 Restraint Impact Analysis ............................................................................................................................... 35
4.4 OPPORTUNITY ............................................................................................................................................................. 36
4.4.1 Technological advancements .......................................................................................................................... 36
4.5 STRATEGIC INSIGHTS .............................................................................................................................................. 37
4.5.1 Product Level Trends ...................................................................................................................................... 37
4.5.2 Regional Markets to Lookout For ..................................................................................................................... 37
4.6 REGULATORY FRAMEWORK ................................................................................................................................. 37
4.7 IMPACT ANALYSIS OF COVID - 19 ........................................................................................................................ 38
4.7.1 Impact on Overall Health Industry .................................................................................................................... 38
4.7.2 Impact on Global Awnings Market ................................................................................................................... 38
4.7.3 Impact on Supply Chain of Awnings ................................................................................................................. 38
4.7.4 Impact on Market Demand of Awnings ............................................................................................................. 38
4.7.5 Impact on Pricing of Awnings .......................................................................................................................... 39
5 MARKET FACTOR ANALYSIS ...................................................................................................... 40
5.1 PORTER’S FIVE FORCES MODEL ........................................................................................................................... 40
5.1.1 THREAT OF NEW ENTRANTS ........................................................................................................................... 40
5.1.2 Bargaining Power of Suppliers ......................................................................................................................... 41
5.1.3 BARGAINING POWER OF Buyers ...................................................................................................................... 41
5.1.4 THREAT OF SUBSTITUTES .............................................................................................................................. 41
5.1.5 INTENSITY OF RIVALRY .................................................................................................................................. 41
5.2 SUPPLY CHAIN ANALYSIS ..................................................................................................................................... 41
5.2.1 RAW MATERIAL .............................................................................................................................................. 42
5.2.2 Production Process ........................................................................................................................................ 42
5.2.3 Distribution .................................................................................................................................................... 42
5.2.4 end user ......................................................................................................................................................... 43
6 GLOBAL AWNINGS MARKET, BY TYPE ...................................................................................... 44
6.1 OVERVIEW .................................................................................................................................................................... 44
6.2 FIXED .............................................................................................................................................................................. 45
6.3 RETRACTABLE ............................................................................................................................................................ 45
7 GLOBAL AWNINGS MARKET, BY PRODUCT .............................................................................. 47
7.1 OVERVIEW .................................................................................................................................................................... 47
7.2 PATIO .............................................................................................................................................................................. 48
7.3 WINDOW ........................................................................................................................................................................ 48
7.4 FREESTANDING .......................................................................................................................................................... 48
7.5 OTHER AWNINGS ....................................................................................................................................................... 49
8 GLOBAL AWNINGS MARKET, BY END USER ............................................................................. 50
8.1 OVERVIEW .................................................................................................................................................................... 50
8.2 RESIDENTIAL ............................................................................................................................................................... 51
8.3 NON-RESIDENTIAL .................................................................................................................................................... 51
9 GLOBAL AWNINGS MARKET, BY REGION ................................................................................. 53
9.1 OVERVIEW .................................................................................................................................................................... 53
9.1.1 GLOBAL AWNINGS MARKET, by Region, 2020–2032 ......................................................................................... 54
9.2 NORTH AMERICA ....................................................................................................................................................... 55
9.2.1 NORTH AMERICA: AWNINGS MARKET, by Country, 2020–2032 ......................................................................... 55
9.3 EUROPE .......................................................................................................................................................................... 59
9.3.1 EUROPE: AWNINGS MARKET, by Country, 2020–2032 ....................................................................................... 59
9.4 ASIA PACIFIC ............................................................................................................................................................... 65
9.4.1 ASIA PACIFIC: AWNINGS MARKET, by Country, 2020–2032 .............................................................................. 65
9.5 MEA ................................................................................................................................................................................. 70
9.5.1 ASIA PACIFIC: AWNINGS MARKET, by Country, 2020–2032 .............................................................................. 70
9.6 SOUTH AMERICA ....................................................................................................................................................... 75
9.6.1 South America: AWNINGS MARKET, by Country, 2020–2032 ............................................................................. 75
10 COMPETITIVE LANDSCAPE ........................................................................................................ 79
10.1 INTRODUCTION ........................................................................................................................................................... 79
10.2 MAJOR GROWTH STRATEGY IN THE GLOBAL AWNINGS MARKET ...................................................... 79
10.3 COMPETITOR DASHBOARD..................................................................................................................................... 80
10.4 COMPANY MARKET SHARE ANALYSIS, 2023 ................................................................................................. 81
11 COMPANY PROFILES .................................................................................................................. 83
11.1 ADVANCED DESIGN AWNINGS & SIGNS ............................................................................................................ 83
11.1.1 Company Overview ......................................................................................................................................... 83
11.1.2 Financial Overview .......................................................................................................................................... 83
11.1.3 Products Offered ............................................................................................................................................ 83
11.1.4 KEY DEVELOPMENTS ...................................................................................................................................... 84
11.1.5 SWOT Analysis ............................................................................................................................................... 84
11.1.6 Key Strategies ................................................................................................................................................ 85
11.2 EIDE INDUSTRIES, INC .............................................................................................................................................. 86
11.2.1 COMPANY OVERVIEW ..................................................................................................................................... 86
11.2.2 FINANCIAL OVERVIEW .................................................................................................................................... 86
11.2.3 PRODUCTS OFFERED ...................................................................................................................................... 86
11.2.4 KEY DEVELOPMENTS ...................................................................................................................................... 87
11.2.5 SWOT ANALYSIS ............................................................................................................................................ 87
11.2.6 KEY STRATEGIES ............................................................................................................................................ 87
11.3 AWNING COMPANY OF AMERICA, INC. ............................................................................................................. 89
11.3.1 Company Overview ......................................................................................................................................... 89
11.3.2 Financial Overview .......................................................................................................................................... 89
11.3.3 Products Offered ............................................................................................................................................ 89
11.3.4 KEY DEVELOPMENTS ...................................................................................................................................... 89
11.3.5 SWOT Analysis ............................................................................................................................................... 89
11.3.6 Key Strategies ................................................................................................................................................ 90
11.4 SUNESTA ....................................................................................................................................................................... 91
11.4.1 COMPANY OVERVIEW ..................................................................................................................................... 91
11.4.2 FINANCIAL OVERVIEW .................................................................................................................................... 91
11.4.3 PRODUCTS OFFERED ...................................................................................................................................... 91
11.4.4 KEY DEVELOPMENTS ...................................................................................................................................... 91
11.4.5 SWOT ANALYSIS ............................................................................................................................................ 91
11.4.6 KEY STRATEGIES ............................................................................................................................................ 92
11.5 SUNSETTER PRODUCTS .......................................................................................................................................... 93
11.5.1 COMPANY OVERVIEW ..................................................................................................................................... 93
11.5.2 FINANCIAL OVERVIEW .................................................................................................................................... 93
11.5.3 PRODUCTS OFFERED ...................................................................................................................................... 93
11.5.4 KEY DEVELOPMENTS ...................................................................................................................................... 94
11.5.5 SWOT ANALYSIS ............................................................................................................................................ 94
11.5.6 KEY STRATEGIES ............................................................................................................................................ 94
11.6 NUIMAGE AWNINGS ................................................................................................................................................. 96
11.6.1 COMPANY OVERVIEW ..................................................................................................................................... 96
11.6.2 Financial Overview .......................................................................................................................................... 96
11.6.3 PRODUCTS OFFERED ...................................................................................................................................... 96
11.6.4 KEY DEVELOPMENTS ...................................................................................................................................... 96
11.6.5 KEY STRATEGIES ............................................................................................................................................ 96
11.7 CARROLL AWNING COMPANY .............................................................................................................................. 98
11.7.1 COMPANY OVERVIEW ..................................................................................................................................... 98
11.7.2 FINANCIAL OVERVIEW .................................................................................................................................... 98
11.7.3 PRODUCTS OFFERED ...................................................................................................................................... 98
11.7.4 KEY DEVELOPMENTS ...................................................................................................................................... 98
11.7.5 KEY STRATEGIES ............................................................................................................................................ 98
11.8 MARYGROVE AWNINGS .......................................................................................................................................... 100
11.8.1 COMPANY OVERVIEW ..................................................................................................................................... 100
11.8.2 FINANCIAL OVERVIEW .................................................................................................................................... 100
11.8.3 PRODUCTS OFFERED ...................................................................................................................................... 100
11.8.4 KEY DEVELOPMENTS ...................................................................................................................................... 100
11.8.5 KEY STRATEGIES ............................................................................................................................................ 100
11.9 KE DURASOL AWNINGS INC. .................................................................................................................................. 102
11.9.1 COMPANY OVERVIEW ..................................................................................................................................... 102
11.9.2 FINANCIAL OVERVIEW .................................................................................................................................... 102
11.9.3 PRODUCTS OFFERED ...................................................................................................................................... 102
11.9.4 KEY DEVELOPMENTS ...................................................................................................................................... 102
11.9.5 KEY STRATEGIES ............................................................................................................................................ 102
11.10 SUNAIR AWNINGS ..................................................................................................................................................... 104
11.10.1 COMPANY OVERVIEW ..................................................................................................................................... 104
11.10.2 FINANCIAL OVERVIEW .................................................................................................................................... 104
11.10.3 PRODUCTS OFFERED ...................................................................................................................................... 104
11.10.4 KEY DEVELOPMENTS ...................................................................................................................................... 104
11.10.5 KEY STRATEGIES ............................................................................................................................................ 104
11.11 RAD GLOBAL (P) LIMITED | HIPPO PLAST.......................................................................................................... 105
11.11.1 COMPANY OVERVIEW ..................................................................................................................................... 105
11.11.2 FINANCIAL OVERVIEW .................................................................................................................................... 105
11.11.3 PRODUCTS OFFERED ...................................................................................................................................... 105
11.11.4 KEY DEVELOPMENTS ...................................................................................................................................... 105
11.11.5 SWOT ANALYSIS ............................................................................................................................................ 106
11.11.6 KEY STRATEGIES ............................................................................................................................................ 106
