Dublin, Dec. 17, 2024 (GLOBE NEWSWIRE) — The “Awnings – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global market for Awnings was estimated at US$8.9 Billion in 2023 and is projected to reach US$11.5 Billion by 2030, growing at a CAGR of 3.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The awnings market is expanding due to demand for energy-saving solutions, technological advancements, and a preference for outdoor living spaces. Rising awareness of energy efficiency is driving demand for awnings that reduce cooling costs, while automation features add convenience and appeal to tech-savvy consumers.
Additionally, the trend toward creating comfortable outdoor spaces is fueling adoption in residential and commercial settings. Sustainability concerns are further pushing growth, as eco-friendly materials and energy-efficient designs align with consumer preferences. These factors collectively contribute to the strong growth trajectory of the awnings market.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players in the Global Awnings Market such as A&A Awnings & Storm Shutters, Accent Awning Company, Advanced Design Awnings and Signs, Awning Company of America, Inc., Awning Global Private Limited and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Scope of the Study
The report analyzes the Awnings market, presented in terms of market value (US$ Million). The analysis covers the key segments and geographic regions outlined below.
Segments
Type (Retractable Awnings, Fixed Awnings); Product Type (Patio Awnings, Freestanding Awnings, Window Awnings, Other Products); End-Use (Commercial End-Use, Residential End-Use).
Geographic Regions/Countries
World; USA; Canada; Japan; China; Europe (France; Germany; Italy; UK; Spain; Russia; Rest of Europe); Asia-Pacific (Australia; India; South Korea; Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; UAE; Rest of Middle East); Africa.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Retractable Awnings segment, which is expected to reach US$6.7 Billion by 2030 with a CAGR of a 4.7%. The Fixed Awnings segment is also set to grow at 2.5% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $2.4 Billion in 2023, and China, forecasted to grow at an impressive 7.3% CAGR to reach $2.4 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Key Questions Answered:
- How is the Global Awnings Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Some of the 54 companies featured in this Global Awnings Market report include:
- A&A Awnings & Storm Shutters
- Accent Awning Company
- Advanced Design Awnings and Signs
- Awning Company of America, Inc.
- Awning Global Private Limited
- Awnings & Signs Unlimited
- Carroll Architectural Shade
- Eide Industries Inc.
- Global Awnings
- LSS Lewens Sonnenschutz-Systeme GmbH & Co. KG
Key Attributes
| Report Attribute | Details |
| No. of Pages | 384 |
| Forecast Period | 2023 – 2030 |
| Estimated Market Value (USD) in 2023 | $8.9 Billion |
| Forecasted Market Value (USD) by 2030 | $11.5 Billion |
| Compound Annual Growth Rate | 3.8% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of COVID-19 and a Looming Global Recession
- Awnings – Global Key Competitors Percentage Market Share in 2024
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2024
MARKET TRENDS & DRIVERS
- Rising Demand for Outdoor Living Spaces Boosting Awning Market Growth
- Growing Popularity of Retractable Awnings Enhancing Consumer Appeal
- Advancements in Awning Fabrics Improving Durability and UV Protection
- Increasing Adoption of Motorized Awnings for Convenience and Comfort
- Focus on Energy Efficiency and Sun Protection Driving Residential Demand
- Expansion of Hospitality and Commercial Sectors Supporting Market Growth
- Emergence of Smart Awnings with Automation Features Creating Opportunities
- Increasing Demand for Customizable Awning Designs in Residential Applications
- Use of Eco-Friendly Materials in Awnings Aligning with Green Building Trends
- Development of Wind-Resistant and Weather-Proof Awnings Boosting Adoption
- Growth of Real Estate Market Driving Demand for Aesthetic Exterior Enhancements
- Increasing Availability of Affordable Awning Solutions Fueling Market Expansion
For more information about this report visit https://www.researchandmarkets.com/r/wpqhfe
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